Cla Financial Advisors, LLC (Northbrook)


Cla Financial Advisors, LLC is a large advisory firm based in Northbrook. It manages $154.93 million of regulatory assets for 1,435 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Florida, Illinois, and New York.

Cla Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cla Financial Advisors: assets under management

The assets under management (AUM) of Cla Financial Advisors, LLC is $154.93 million. The firm's AUM has grown by 24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $153.4 million in discretionary accounts and $1.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $107.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $306 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cla Financial Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Based in Northbrook

The principal office where Cla Financial Advisors, LLC performs its advisory services is located at 1432 Techny Road, Northbrook, IL 60062, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-504-8400. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at clafa.net.