Arete Wealth is One of Chicago’s Fastest Growing Companies, Crain’s Chicago Business ‘Fast 50’ Survey Reveals
Arete Wealth Soars in Key National Industry Survey,
Jumping Eight Spots in Financial Advisor Magazine’s
2022 Independent Broker-Dealer Rankings
- Five-Year Revenue Growth of 406% Lands Arete Wealth 31st in Crain’s 2022 Rankings
- Poll’s No. 3-Ranked Financial Services Firm
- Arete Wealth Founder, CEO Joshua D. Rogers Credits Exceptional Network of Financial Advisors & Focus on Alternative Investments
- ‘We are Extremely Proud to Call Chicago our Home,’ CEO Rogers Says
CHICAGO, June 16, 2022 – Arete Wealth, a full-service broker-dealer, registered investment advisor, and insurance firm, is one of Chicago’s fastest growing companies, according to results released today from Crain’s Chicago Business’ 2022 “Fast 50” survey.
The publication’s poll, which ranks Chicago-area companies by revenue growth over a five-year period, placed Arete Wealth in 31st position with 2021 revenue ($82.7 million) up 406% from 2016 ($16.4 million). Arete Wealth was also the survey’s third-highest ranked financial services company.
Crain’s Chicago Business’ “Fast 50” survey is the most recent recognition of Arete Wealth’s success. In May, the firm captured the No. 1 spot on Investment News’ 2022 poll of the fastest growing independent broker-dealers – a gauge that measures the rate of year-to-year revenue gains. Arete Wealth also scored well on Financial Advisor Magazine‘s 2022 survey of independent broker-dealers, placing 35th, up eight slots from the previous year’s poll which grades companies’ growth by annual gross revenue.
Arete Wealth’s 2021 revenue soared 83% from $45.2 million in 2020.
The firm also impressed in another key FA Magazine survey category, placing seventh in “gross revenue per representative” ($486,622).
“Arete Wealth’s extraordinary showing in Crain’s Chicago Business’ highly regarded “Fast 50” annual survey is a testament to our outstanding advisors and their efforts to identify both traditional and alternative investment opportunities for our valued clients,” said Joshua D. Rogers, the firm’s Founder and CEO.
Nearly 150 companies submitted applications to be included in the “Fast 50” survey, the most Crain’s Chicago Business has received in at least 10 years, the publication reported on May 20.
With offices in the Fulton Market district of downtown Chicago, Arete Wealth has made the city its headquarters since its formation in 2007. “The focus on companies based in Chicago makes inclusion in this survey extra special,” Mr. Rogers said, adding: “We are extremely proud to call Chicago our home.”
Adding to its outstanding 2021, Arete Wealth announced in November it had reached a unique two-year agreement with Masterworks, a provider of art investment securities, to launch an affiliated branch office in New York City and act as a co-managing broker-dealer, underwriter, and placement agent for all of Masterworks’ art securities products offered for sale in primary offerings. The office, Arete Wealth’s first in New York City, conducts business under the Masterworks brand and participates as a syndicate member in any transaction that names Arete Wealth as a co-manager.
“Looking back at Arete Wealth since its inception is profoundly gratifying,” said Mr. Rogers. “Yet, while we are incredibly proud of our achievements, we are laser-focused on the future. We are strategically positioned to deliver the highest level of wealth management services to clients. For these reasons and more, I am extremely optimistic and convinced the best is yet to come for Arete Wealth, its investors, and its advisors.”
About Arete Wealth
Through its full-service broker-dealer, registered investment advisor, and insurance units, Arete Wealth Inc. has been offering comprehensive and sophisticated wealth management services for investors, clients, and partners since 2007. The Chicago-based firm offers high-net-worth investors access to a unique suite of alternative investments in addition to providing services that include investment banking, private equity programs, and other traditional financial planning.
Arete Wealth manages more than $6.0 billion in total assets through its 252 registered representatives, spread across 92 offices in the U.S. Find out more at www.aretewealth.com.