Iron Financial Llc
SEC-registered
Wealth Manager · Small ($100M–$1B)
CRD 106682
· SEC file 801-46417
· Northbrook, IL
· x.com
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ADV data as of Jul 01, 2026
- Regulatory AUM
- $489M
- Discretionary
- $489M
- Clients
- 246
- Avg AUM / client
- $2.0M
- Accounts
- 649
- Employees
- 10
AUM over time
$413M
$5.4B
Dec 2011
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 01, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 124 | $40.9M | 8.37% |
| High net worth individuals | 108 | $421M | 86.0% |
| Pension and profit sharing plans | 1 | $8.5M | 1.74% |
| Corporations and other businesses | 13 | $18.9M | 3.87% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $4.3M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Iron Private Series, Llc | Private Equity Fund | Delaware | $4.3M | 12 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Sheet Metal Workers International Assoc., Local 3 401(k) Plan Sheet Metal Workers International Assoc., Local 3 | 2024 | |
| Pridestaff, Inc. 401(k) Plan Pridestaff, Inc. | 2024 | |
| Virginia Diodes 401(k) Plan Virginia Diodes | 2024 | |
| Epic Fitness Group Retirement Plan Efg Management Co. Inc. | 2024 | |
| Orange Barrel Media, Llc 401(k) Plan Orange Barrel Media, Llc | 2024 | |
| Mmm Cash Or Deferred Plan Mega Contracting Group Llc | 2024 | |
| Chinese Information And Service Center 401(k) Plan Chinese Information And Service Center | 2024 | |
| Brethren Hillcrest Homes 403(b) Plan Brethren Hillcrest Homes | 2024 | |
| Shodeen Group, Llc 401(k) Plan Shodeen Group, Llc | 2024 | |
| Blood Assurance, Inc. 401(k) Plan Blood Assurance, Inc. | 2024 | |
| C. Ross Management 401(k) And Profit Sharing Plan C. Ross Management, Llc | 2024 | |
| Homestead Funding Corp. 401(k) Plan Homestead Funding Corp. | 2024 | |
| Trion Solutions, Inc. 401(k) Profit Sharing Plan Trion Solutions, Inc. | 2024 |
People (8)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Aaron Bruce Izenstark | President, Chief Investment Officer | Jan 1994 (33y) | ≈ 14.06% – 56.25% via Iron Financial Management Inc | |
| Nixon, Howard, Lee | Ceo, Secretary | Jun 2008 (18y) | ≈ 14.06% – 56.25% via Iron Financial Management Inc | |
| Timothy Robert Ziemba | Chief Compliance Officer | CFP CFA | Feb 2019 (7y) | Less than 5% |
| Goldman, Fred, Owen | Trustee | Feb 2024 (3y) | GP / trustee / elected manager of Daniel Asher Descendants Trust (indirect) | |
| Russell, Andrew, Joseph | Member | Feb 2024 (3y) | ≈ 7.03% – 37.5% via Stairway Capital Advisors Llc | |
| Rijo, John, Carl | Member | Feb 2024 (3y) | ≈ 7.03% – 37.5% via Calangia Llc | |
| Richard Louis Lakin | Registered representative | Nov 2001 (25y) | ||
| Zachary Sirota | Registered representative | May 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Iron Wealth Holdings Llc | Sole Member | Feb 2024 | A | 75% or more |
| Iron Financial Management Inc | Holding Company | Jun 2008 | B | ≈ 28.13% – 75% via Iron Holdings Llc |
| Iron Holdings Llc | Member | Feb 2024 | B | ≈ 37.5% – 75% via Iron Wealth Holdings Llc |
| Stairway Collaborative Llc | Member | Feb 2024 | B | ≈ 37.5% – 75% via Iron Wealth Holdings Llc |
| Daniel Asher Descendants Trust | Member | Feb 2024 | B | ≈ 9.38% – 37.5% via Stairway Collaborative Llc |
| Calangia Llc | Member | Feb 2024 | B | ≈ 9.38% – 37.5% via Stairway Collaborative Llc |
| Stairway Capital Advisors Llc | Member | Feb 2024 | B | ≈ 9.38% – 37.5% via Stairway Collaborative Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Aaron Bruce Izenstark: 50% – 75% of Iron Financial Management Inc × 75% – 100% of Iron Holdings Llc × 50% – 75% of Iron Wealth Holdings Llc × 75% – 100% direct ≈ 14.06% – 56.25% of the firm
- Nixon, Howard, Lee: 50% – 75% of Iron Financial Management Inc × 75% – 100% of Iron Holdings Llc × 50% – 75% of Iron Wealth Holdings Llc × 75% – 100% direct ≈ 14.06% – 56.25% of the firm
- Russell, Andrew, Joseph: 75% – 100% of Stairway Capital Advisors Llc × 25% – 50% of Stairway Collaborative Llc × 50% – 75% of Iron Wealth Holdings Llc × 75% – 100% direct ≈ 7.03% – 37.5% of the firm
- Rijo, John, Carl: 75% – 100% of Calangia Llc × 25% – 50% of Stairway Collaborative Llc × 50% – 75% of Iron Wealth Holdings Llc × 75% – 100% direct ≈ 7.03% – 37.5% of the firm
- Iron Financial Management Inc: 75% – 100% of Iron Holdings Llc × 50% – 75% of Iron Wealth Holdings Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Iron Holdings Llc: 50% – 75% of Iron Wealth Holdings Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Stairway Collaborative Llc: 50% – 75% of Iron Wealth Holdings Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Daniel Asher Descendants Trust: 25% – 50% of Stairway Collaborative Llc × 50% – 75% of Iron Wealth Holdings Llc × 75% – 100% direct ≈ 9.38% – 37.5% of the firm
- Calangia Llc: 25% – 50% of Stairway Collaborative Llc × 50% – 75% of Iron Wealth Holdings Llc × 75% – 100% direct ≈ 9.38% – 37.5% of the firm
- Stairway Capital Advisors Llc: 25% – 50% of Stairway Collaborative Llc × 50% – 75% of Iron Wealth Holdings Llc × 75% – 100% direct ≈ 9.38% – 37.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $4.3M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Iron Private Series, Llc | Private Equity Fund | $4.3M | $100K | 12 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (13)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Sheet Metal Workers International Assoc., Local 3 401(k) Plan | Sheet Metal Workers International Assoc., Local 3 | 770 | $52.0M | 07/01/2024 |
| Pridestaff, Inc. 401(k) Plan | Pridestaff, Inc. | 696 | $9.6M | 01/01/2024 |
| Virginia Diodes 401(k) Plan | Virginia Diodes | 129 | $9.2M | 01/01/2024 |
| Epic Fitness Group Retirement Plan | Efg Management Co. Inc. | 488 | $3.9M | 01/01/2024 |
| Orange Barrel Media, Llc 401(k) Plan | Orange Barrel Media, Llc | 125 | $9.3M | 01/01/2024 |
| Mmm Cash Or Deferred Plan | Mega Contracting Group Llc | 237 | $11.6M | 01/01/2024 |
| Chinese Information And Service Center 401(k) Plan | Chinese Information And Service Center | 136 | $1.4M | 01/01/2024 |
| Brethren Hillcrest Homes 403(b) Plan | Brethren Hillcrest Homes | 271 | $11.3M | 01/01/2024 |
| Shodeen Group, Llc 401(k) Plan | Shodeen Group, Llc | 119 | $14.0M | 01/01/2024 |
| Blood Assurance, Inc. 401(k) Plan | Blood Assurance, Inc. | 191 | $7.9M | 01/01/2024 |
| C. Ross Management 401(k) And Profit Sharing Plan | C. Ross Management, Llc | 704 | $2.7M | 01/01/2024 |
| Homestead Funding Corp. 401(k) Plan | Homestead Funding Corp. | 271 | $40.1M | 01/01/2024 |
| Trion Solutions, Inc. 401(k) Profit Sharing Plan | Trion Solutions, Inc. | 7,890 | $107M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/01/2026 | 1.63 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Nationwide Investment Services Corporation $3.5B (64% of AUM) Aug 2020
- Charles Schwab & Co. $419M (86% of AUM) Jul 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 01, 2026.
View current Form ADV (SEC/IAPD) ↗