FRA Wealth Management provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
FRA Wealth Management reports 910 clients. They include 902 individual clients and 8 high-net-worth individuals. Of its assets, 78.3% ($88.2M across 698 accounts) are managed with discretion; $24.5M across 253 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 99% | 78% |
| High-net-worth individuals | <1% | 22% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 902 | $88.2M | 78.2% | $97.8K |
| High-net-worth individuals | 8 | $24.6M | 21.8% | $3.07M |
| Total | 910 | $113M | 100% | $124K |
- Clients
- 902
- Regulatory AUM
- $88.2M
- AUM share
- 78.2%
- Avg. per client
- $97.8K
- Clients
- 8
- Regulatory AUM
- $24.6M
- AUM share
- 21.8%
- Avg. per client
- $3.07M
Total
- Clients
- 910
- Regulatory AUM
- $113M
- AUM share
- 100%
- Avg. per client
- $124K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
FRA Wealth Management charges 1.00%–2.00% a year for its Portfolio Management. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices 3 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 2.00% |
| $500K–$1M | 1.75% |
| $1M–$2M | 1.50% |
| $2M–$5M | 1.25% |
| $5M and above | 1.00% |
Fee details and sources
Other fees
- 401(k), 403(b) and 529 Plan Management
- On certain 401(k), 403(b) and 529 accounts, a flat fee or an annual fee that can be negotiated; a one-time 529 review is $250.
- Financial Planning
- Financial plans are billed at a fixed rate, with a maximum fee of $10,000; any deposit may not exceed $500.
- Financial Review
- Review planning for existing clients is billed at a fixed rate, with a maximum fee of $5,000, payable on signing.
Paragon Trust owns 75% or more of FRA Wealth Management. Joseph Roosevans is CEO; the leadership team includes Chief Compliance Officer Christy Hennessey. It has 2 employees.
Leadership
- Joseph RoosevansPresident / Chief Executive Officer
- Christy HennesseyChief Compliance Officer
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 2 in advisory functions
- 1 state-registered rep
- 2 insurance agents
- Owns 75% or more of Fra Wealth Management LLC
Paragon Trust
Control person · since February 2025
Joseph Roosevans
Trustee · Control person · since October 1992
FRA Wealth Management’s regulatory assets grew from $100M (April 2025) to $113M (August 2026); clients rose from 568 to 910 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $113M | 910 | 2 | 1 |
| April 2025 | $100M | 568 | 2 | 1 |
Besides its headquarters, FRA Wealth Management has 0 offices, with 1 listed address in Illinois.
Illinois · 1 listed address
- 805 W. Hwy 50 Ste. B, O'FallonHQ
Contact and registration details
- Legal name
- Fra Wealth Management LLC
- Headquarters
- 805 W. Hwy 50 Ste. B, O'Fallon, IL 62269
- Website
- frawealthmanagement.com
- Phone
- 888-915-0930
- SEC file
- 801-132681
- Structure
- Illinois LLC
- Fiscal year end
- December
FRA Wealth Management uses Charles Schwab ($88.2M) as custodian for its separately managed accounts. FRA Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $88.2M100%
At year end, FRA Wealth Management’s separately managed accounts were mostly in stocks (91%).
What the accounts hold
- Stocks91%
- Cash9%
How many clients does FRA Wealth Management have?
FRA Wealth Management has 910 clients and manages $113 million for them, as of August 2026. They include 902 individual clients and 8 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 August 2026
What services does FRA Wealth Management offer?
FRA Wealth Management provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does FRA Wealth Management charge?
FRA Wealth Management charges 1.00%–2.00% a year for its Portfolio Management. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: FRA WEALTH MANAGEMENT PART 2 BROCHURE, filed 9 July 2026
Which custodians does FRA Wealth Management use?
FRA Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $88.2M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 August 2026
How many financial advisors does FRA Wealth Management have?
FRA Wealth Management has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does FRA Wealth Management invest in?
At the end of its last fiscal year, FRA Wealth Management’s separately managed accounts held 91% exchange-traded equities and 9% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns FRA Wealth Management?
FRA Wealth Management’s direct owner is Paragon Trust (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 August 2026
How does FRA Wealth Management get paid?
FRA Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is FRA Wealth Management registered with the SEC?
Yes, FRA Wealth Management has been registered with the SEC as an investment adviser since 8 May 2025. Its CRD number is 284020 and its SEC file number is 801-132681.
Source: Form ADV Part 1A, Item 1, filed 25 August 2026; IAPD firm record
How do I contact FRA Wealth Management?
FRA Wealth Management’s main office is at 805 W. Hwy 50 Ste. B, O'Fallon, IL 62269. Its phone number is 888-915-0930. Its website is frawealthmanagement.com.