Greenstone Belt Wealth Advisors, LLC

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Client assets under management

$258,916,000

Clients

88% high-net worth

Advisors

of 5 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

Very Low

Average account size

$3,119,470

About

Greenstone Belt Wealth Advisors serves individuals and families, including high‑net‑worth clients, offering fee‑based financial, estate, tax, and retirement planning alongside discretionary portfolio management. The firm also provides ERISA retirement plan consulting and fiduciary services for plan sponsors and participants, and implements portfolios using mutual funds, ETFs, individual securities, and third‑party managers.

The firm’s investment approach is grounded in modern portfolio theory, emphasizing diversification across asset classes, minimizing fees and transaction costs, and seeking after‑tax efficiency through tailored target allocations and periodic rebalancing. GBWA routinely uses institutional share classes, may employ options and other strategies for portfolio management, and engages third‑party managers and model portfolios available through LPL Financial’s MAS and SWM platforms.

What distinguishes GBWA from many peers is its combination of roles and affiliations: it sponsors its own wrap fee program, its advisers participate in LPL‑sponsored advisory platforms (MAS and SWM), and certain firm advisers are registered representatives of LPL Financial and licensed insurance agents. These platform relationships (including transition assistance and other benefits disclosed by LPL) and the firm’s use of outside managers are material operational features that can create potential conflicts of interest and may influence custodial or product recommendations; the firm also manages roughly $260 million of client assets with a three‑adviser team.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers

Expertise

Retirement income strategy Wealth management Active portfolio management Options & derivatives strategies Business sale tax planning

Occupation focus

Founder/Business Owner Executive

Fee options

Fixed

Financial planning fixed fees generally range between $500 and $25,000; fees are negotiable and based on complexity.

Project-based

$100 to $500 per hour for financial planning services

Other

Account minimum: $1,000,000 Fee-only: Financial planning fixed fees generally range between $500 and $25,000; hourly fees range from $100 to $500 per hour; fees are negotiable and may be partially or completely waived.

Main office location

Greenstone Belt Wealth Advisors, LLC

401 N Michigan Ave, Suite 1200

Chicago IL 60611, United States

Number of offices

Most active in

California · Illinois · Texas

Disclosures

Business activities & affiliations

Is active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Is not active or affiliated with:

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Website 312-952-6550

Advisors at this firm

James P

Series 66

Chicago, IL

Greenstone Belt Wealth Advisors, LLC

James Petitpren is a financial advisor at Greenstone Belt Wealth Advisors, LLC with 18 years of industry experience. He holds a Series 66 designation and has worked previously at ORBA Wealth Advisors, LPL Financial, IHT Wealth Management, and BMO Private Bank. Greenstone Belt Wealth Advisors, LLC is a small supported firm serving individuals, families, estates, trusts, and retirement plans. The firm’s investment approach focuses on modern portfolio theory, diversification, tax-aware decisions, and fee minimization, with portfolios tailored to clients’ goals and risk tolerance.

Retirement income strategy Wealth management Active portfolio management Options & derivatives strategies Business sale tax planning Founder/Business Owner Executive

James C

CFP®, Series 63, Series 66

Chicago, IL

Greenstone Belt Wealth Advisors, LLC

James Cochran is a CFP® professional with 20 years of industry experience. He is currently with Greenstone Belt Wealth Advisors, LLC and has held positions at LPL Financial LLC, IHT Wealth Management, LLC, and Independent Financial Partners. He holds Series 63 and Series 66 licenses and is also involved in a marketing and insurance business. Greenstone Belt Wealth Advisors, LLC is a small supported advisory firm serving individuals, families, high-net-worth clients, estates, trusts, and retirement plans. The firm provides comprehensive financial planning and portfolio management with an investment approach based on modern portfolio theory, focusing on diversification, tax awareness, and fee minimization.

Retirement income strategy Wealth management Active portfolio management Options & derivatives strategies Business sale tax planning Founder/Business Owner Executive

Alexandra A

Series 65

Chicago, IL

Greenstone Belt Wealth Advisors, LLC

Retirement income strategy Wealth management Active portfolio management Options & derivatives strategies Business sale tax planning Founder/Business Owner Executive

Luke S

Series 65

Chicago, IL

Greenstone Belt Wealth Advisors, LLC

Luke Schillo is a financial advisor at Greenstone Belt Wealth Advisors, LLC with eight years of industry experience. He holds a Series 65 designation and previously worked at ORBA Wealth Advisors, Telemus Capital, LLC, and Northern Trust. Outside of his advisory role, he is a partner and passive investor in the Enjoyum Restaurant Group, a restaurant business based in Chicago. Greenstone Belt Wealth Advisors is a small supported firm serving individuals, families, estates, trusts, and retirement plans. The firm employs a diversified, tax-aware investment approach tailored to client goals and risk tolerance, offering comprehensive financial planning and portfolio management through both direct strategies and third-party managers.

Retirement income strategy Wealth management Active portfolio management Options & derivatives strategies Business sale tax planning Founder/Business Owner Executive

Collin W

Series 65

Chicago, IL

Greenstone Belt Wealth Advisors, LLC

Retirement income strategy Wealth management Active portfolio management Options & derivatives strategies Business sale tax planning Founder/Business Owner Executive

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