Palos Wealth Advisors, LLC

Palos Wealth Advisors is a small, privately owned advisory firm that provides discretionary portfolio management to individuals — including high‑net‑worth clients — and to pension and profit‑sharing plans. Services include individually tailored asset management, retirement rollover guidance, and recommendations of mutual funds, ETFs, third‑party separate account managers, and pooled investment vehicles.

The firm manages approximately $71 million in client assets and constructs portfolios using quantitative techniques such as optimization and computer‑based risk/return models, supplemented by technical analysis and third‑party manager selection. It generally acts with discretionary authority, provides customized performance reports, and delivers custodial account statements at least quarterly while contacting clients at least annually to review objectives and restrictions.

A distinctive feature is that the firm’s principal is a licensed Illinois attorney who provides estate‑planning, tax, and probate legal services and devotes about 15% of their time to that outside practice, an arrangement that is relatively uncommon among peers and may affect how legal and financial planning issues are coordinated. The firm also relies on institutional custodial and vendor platforms (including Schwab for custody and trading access) for trade execution, reporting, and manager due diligence, a common support structure the firm discloses as creating potential conflicts of interest.