Urban Financial Advisory Corporation

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Client assets under management

$1,220,444,745

Clients

250

65% high-net worth

Advisors

of 15 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

High

Average account size

$4,881,779

About

Urban Financial Advisory Corporation serves mid‑ to high‑net‑worth individuals and related entities, providing comprehensive financial planning and portfolio management on both discretionary and non‑discretionary bases. The firm also delivers tax compliance and income/estate tax planning and makes available separate legal estate‑planning services through its attorney affiliate; it has experience working with corporate retirement plans, including employees of BP plc and predecessors.

The firm’s process starts with written financial planning and projection work to determine how much of a client’s assets can be committed for the long term, using that analysis to build an investment policy that prioritizes time horizon and diversification. Implementation typically employs diversified mutual funds and ETFs for equity exposure, bonds or bond funds (and individual bonds for larger portfolios) for liability‑matching, and clients receive quarterly performance reports that also serve as ongoing policy updates.

Compared with many multi‑team advisory firms, UFAC combines investment advice with in‑house accounting expertise and access to attorney‑provided estate services — a combination that is statistically uncommon among peers. The firm operates on a fee‑based, no‑commission model, emphasizes a planning‑first, consultative approach, and applies proprietary and third‑party analytical tools to manager selection and portfolio monitoring.

Client services

Financial planning Portfolio management

Expertise

General retirement planning Income planning Retirement withdrawal strategies Wealth management General tax planning

Occupation focus

Founder/Business Owner Executive

Fee options

Fixed

Initial portfolio set-up fee generally $1,000; fixed quarterly fees may be negotiated; extraordinary financial planning services may require additional fees quoted prior to service.

Percentage

$0 - $3,000,000: 0.40% annually (or $12,000) with a quarterly billing rate of 0.10% (or $3,000) $3,000,001 - $10,000,000: 0.30% annually with a quarterly billing rate of 0.075% $10,000,001+: 0.20% annually with a quarterly billing rate of 0.05%

Other

Account minimum: $1,000,000 (may be waived in certain circumstances) Minimum fee: $1,250 per quarter minimum fee Fee-only: Flat management fees may be negotiated, typically for more limited advisory services; initial portfolio set-up fee generally $1,000; fixed quarterly fees may be pre-negotiated.

Main office location

Urban Financial Advisory Corporation

221 N. La Salle St., Suite 764

Chicago IL 60601, United States

Number of offices

Most active in

Illinois

Disclosures

Business activities & affiliations

Is active or affiliated with:

Accountant / CPA / tax prep

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

Lawyer

They provide legal services, typically billed separately.

Is not 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.

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.

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

Website 312-379-0150

Advisors at this firm

Andrew K

CFP®

Chicago, IL

Urban Financial Advisory Corporation

Andrew Kitay is a CFP® professional with six years of experience, currently with Urban Financial Advisory Corporation since 2020. His prior roles include positions at EY and The Ohio State University. Urban Financial Advisory Corporation serves mid- to high-net-worth individuals and related entities, offering comprehensive financial planning, portfolio management, tax compliance, and estate-planning services through an affiliated attorney. The firm emphasizes a planning-first approach, combining investment advice with in-house accounting and estate services.

General retirement planning Income planning Retirement withdrawal strategies Wealth management General tax planning Founder/Business Owner Executive

Steven U

CFP®, Series 65

Evanston, IL

Urban Financial Advisory Corporation

Steven Urban is a Certified Financial Planner (CFP®) with 28 years of industry experience. He has been with Urban Financial Advisory Corporation since 1990 and continues to serve as an advisor at the firm. Urban Financial Advisory Corporation serves mid- to high-net-worth individuals and related entities, providing comprehensive financial planning, portfolio management, tax compliance, and estate planning services through an affiliated attorney. The firm combines investment advice with in-house accounting expertise and access to legal estate services, operating on a fee-based, no-commission model.

General retirement planning Income planning Retirement withdrawal strategies Wealth management General tax planning Founder/Business Owner Executive

Jeremy A

CFP®

Chicago, IL

Urban Financial Advisory Corporation

Jeremy Ander is a CFP® professional with 19 years of experience at Urban Financial Advisory Corporation in Chicago, IL. He has been with the firm since 2007. Urban Financial Advisory Corporation serves mid- to high-net-worth individuals and related entities, offering comprehensive financial planning, portfolio management, tax compliance, and income and estate tax planning. The firm integrates investment advice with in-house accounting and attorney-provided estate services, employing a planning-first, consultative approach with diversified investment strategies.

General retirement planning Income planning Retirement withdrawal strategies Wealth management General tax planning Founder/Business Owner Executive

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