FRA WEALTH MANAGEMENT LLC of O'FALLON, IL is an SEC-registered investment adviser (CRD 284020). Regulatory assets under management: $112.8M.
Compensation: % of AUM, Fixed.
Clients served: Individuals, High net worth, Charities.
| Name | Role | Location |
|---|---|---|
| Christy Sue Hennessey | CHIEF COMPLIANCE OFFICER | — |
| Joseph Montagu Roosevans | PRESIDENT / CHIEF EXECUTIVE OFFICER; TRUSTEE | — |
| Initiated | Type | Allegations | Status | Amount |
|---|---|---|---|---|
| 2025-01-23 | civil | THE PLAINTIFF ALLEGED THAT FRA WEALTH MANAGEMENT LLC, JOSEPH ROOSEVANS, AND GLOBAL ASSET MANAGEMENT GROUP, INC. MANAGED INVESTMENTS THAT DID NOT ALIGN WITH HIS STATED RISK TOLERANCE, INVESTMENT OBJECTIVES, FINANCIAL SITUATION, AND NEEDS. | Pending | — |
| 2024-11-01 | civil | PLAINTIFFS ALLEGED THAT FRA WEALTH MANAGEMENT LLC, JOSEPH ROOSEVANS, GLOBAL ASSET MANAGEMENT GROUP, INC. AND JOSEPH ADKINS EXECUTED UNAUTHORIZED STOCK TRANSACTIONS AND MADE ALLOCATION IN CONFLICT WITH THEIR EXPRESSED WISHES. ADDITIONALLY, PLAINTIFFS ASSERTED THAT FRA WEALTH MANAGEMENT LLC AND GLOBAL… | Pending | — |
| 2024-11-01 | civil | PLAINTIFFS ALLEGED THAT FRA WEALTH MANAGEMENT LLC, JOSEPH ROOSEVANS, GLOBAL ASSET MANAGEMENT GROUP, INC. AND JOSEPH ADKINS EXECUTED UNAUTHORIZED STOCK TRANSACTIONS AND MADE ALLOCATION IN CONFLICT WITH THEIR EXPRESSED WISHES. ADDITIONALLY, PLAINTIFFS ASSERTED THAT FRA WEALTH MANAGEMENT LLC AND GLOBAL… | Final | — |
| 2018-06-22 | regulatory | FRA WEALTH MANAGEMENT LLC RELIED ON SECTION 116.1(B)(2)(A)(IV) OF THE TEXAS ADMINISTRATIVE CODE, WHICH EXEMPTS FROM THE REGISTRATION REQUIREMENTS INVESTMENT ADVISORS WITH FEWER THAN SIX (6) CLIENTS WHO ARE TEXAS RESIDENTS. HOWEVER, FIRM ACQUIRED MORE THAN FIVE CLIENTS WHO ARE TEXAS RESIDENTS. UPON R… | Final | $20K |
| 2018-06-22 | regulatory | FRA WEALTH MANAGEMENT LLC RELIED ON SECTION 116.1(B)(2)(A)(IV) OF TEXAS STATE SECURITIES BOARD, WHICH EXEMPTS FROM THE REGISTRATION REQUIREMENTS INVESTMENT ADVISORS WITH FEWER THAN SIX (6) CLIENTS WHO ARE TEXAS RESIDENTS. HOWEVER, FIRM ACQUIRED MORE THAN FIVE CLIENTS WHO ARE TEXAS RESIDENTS. UPON RE… | Final | $20K |