Operose Advisors Llc
- Regulatory AUM
- $2.0B
- Discretionary
- $1.5B
- Clients
- 511
- Avg AUM / client
- $4.0M
- Accounts
- 1,655
- Employees
- 20
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 26, 2026
Investments (13F portfolio — 593 positions, $431,306,730)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Vanguard Total Stock Market Etf | ETF | $79,060,220 | 246,443 | 18.3% | 3.88% |
| 2 | Vanguard High Dividend Yield Etf | ETF | $48,509,741 | 327,542 | 11.2% | 2.38% |
| 3 | Vanguard Ftse Developed Markets Etf | ETF | $37,734,285 | 588,865 | 8.75% | 1.85% |
| 4 | Schwab International Equity Etf | ETF | $36,389,767 | 1,470,297 | 8.44% | 1.79% |
| 5 | Vanguard S&P 500 Etf | ETF | $28,439,029 | 47,586 | 6.59% | 1.4% |
| 6 | I Shares Core S&P Small Cap Etf | ETF | $11,219,237 | 90,248 | 2.6% | 0.55% |
| 7 | Invesco S&P 500 Equal Weight Etf | ETF | $9,662,820 | 50,348 | 2.24% | 0.47% |
| 8 | Vanguard Mid Cap Etf | ETF | $9,144,160 | 31,836 | 2.12% | 0.45% |
| 9 | Vanguard Mid Cap Growth Etf | ETF | $7,252,575 | 28,184 | 1.68% | 0.36% |
| 10 | Nvidia Corp | COMMON | $4,989,075 | 28,607 | 1.16% | 0.24% |
| 11 | Broadcom Inc | COMMON | $4,807,619 | 15,533 | 1.11% | 0.24% |
| 12 | I Shares International Select Dividend Etf | ETF | $4,692,878 | 110,265 | 1.09% | 0.23% |
| 13 | Apple Inc | COMMON | $4,679,981 | 18,440 | 1.09% | 0.23% |
| 14 | Microsoft Corp | COMMON | $4,518,668 | 12,207 | 1.05% | 0.22% |
| 15 | I Shares Russell 2000 Etf | ETF | $4,309,061 | 17,375 | 1.0% | 0.21% |
| 16 | Alphabet Inc Class A | COMMON | $3,859,736 | 13,423 | 0.89% | 0.19% |
| 17 | Vanguard Russell 2000 Etf | ETF | $3,807,876 | 38,012 | 0.88% | 0.19% |
| 18 | I Shares Select Dividend Etf | ETF | $3,486,939 | 23,029 | 0.81% | 0.17% |
| 19 | Amazon.Com Inc | COMMON | $2,913,487 | 13,989 | 0.68% | 0.14% |
| 20 | Vanguard Russell 1000 Growth Etf | ETF | $2,869,117 | 26,157 | 0.67% | 0.14% |
| 21 | Ishares Core Msci Eafe | ETF | $2,861,213 | 31,604 | 0.66% | 0.14% |
| 22 | I Shares Core S&P 500 Etf | ETF | $2,686,182 | 4,111 | 0.62% | 0.13% |
| 23 | I Shares Core S&P Mid Cap Etf | ETF | $2,666,702 | 39,490 | 0.62% | 0.13% |
| 24 | Ishares S&P 500 Value Etf | ETF | $2,652,045 | 12,560 | 0.61% | 0.13% |
| 25 | Vanguard Small Cap Etf | ETF | $2,452,025 | 9,362 | 0.57% | 0.12% |
Top 25 of 593 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 128 | $39.1M | 1.92% |
| High net worth individuals | 302 | $1.5B | 73.9% |
| Pooled investment vehicles (non-investment companies) | 2 | $205K | 0.01% |
| Charitable organizations | 29 | $276M | 13.5% |
| Corporations and other businesses | 17 | $110M | 5.38% |
| Other | 33 | $107M | 5.25% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $0 combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Operose Capital Private Equity I Lp, Llc | Private Equity Fund | Delaware | $0 | 0 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Cedar Community Retirement Savings Plan Benevolent Corporation Cedar Community | 2024 | |
| Fiduciary Real Estate Development, Inc. 401(k) Plan Fiduciary Real Estate Development, Inc. | 2024 | |
| Mlg/Prm/Valiant 401(k) Plan Mlg Services Corp | 2024 |
People (15)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Nicholas Charles Bauer | Founding Partner | CFA | Jan 2017 (10y) | ≈ 18.75% – 50% via Beulah Holdings Llc |
| Caroline Probst Jankowski | Chief Compliance Officer, Partner | Jan 2019 (8y) | Less than 5% | |
| Amanda Mary Nowaczynski | Chief Operating Officer, Partner | CFP | Jul 2023 (3y) | Less than 5% |
| Daniel Kenneth Stier | President, Chief Investment Officer, Partner | CFA | Sep 2023 (3y) | Less than 5% |
| Kristin Lee Stanek | Registered representative | Jan 2020 (7y) | ||
| John Stratton Mcgregor | Registered representative | Jan 2021 (6y) | ||
| Patrick James Weyer | Registered representative | CFP | May 2024 (2y) | |
| Ryan Alan Miller | Registered representative | Sep 2024 (2y) | ||
| Christopher Alan Evers | Registered representative | Jan 2025 (2y) | ||
| Michael William Shone | Registered representative | Jun 2025 (1y) | ||
| Matthew Adam Kulakow | Registered representative | Dec 2025 (1y) | ||
| Amanda Tricia Stark | Registered representative | Dec 2025 (1y) | ||
| Steven Jay Backus | Registered representative | Mar 2026 (0y) | ||
| Lucas Daniel Cahalane | Registered representative | Mar 2026 (0y) | ||
| Jason Robert Kausalik | Registered representative | CFA | Apr 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Beulah Holdings Llc | Sole Member | Mar 2017 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Nicholas Charles Bauer: 25% – 50% of Beulah Holdings Llc × 75% – 100% direct ≈ 18.75% – 50% 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, $0 gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Operose Capital Private Equity I Lp, Llc | Private Equity Fund | $0 | $250K | 0 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (3)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Cedar Community Retirement Savings Plan | Benevolent Corporation Cedar Community | 364 | $21.2M | 07/01/2024 |
| Fiduciary Real Estate Development, Inc. 401(k) Plan | Fiduciary Real Estate Development, Inc. | 245 | $18.4M | 01/01/2024 |
| Mlg/Prm/Valiant 401(k) Plan | Mlg Services Corp | 873 | $15.2M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/26/2026 | 1.45 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
- • Fixed 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
- Charles Schwab & Co. $1.6B (79% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having 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: Mar 26, 2026.
View current Form ADV (SEC/IAPD) ↗