# Paul Beran

> Paul Beran is a fee-only financial advisor at Arbor Financial Services in Downers Grove, Illinois. Paul focuses on small business owners. Arbor Financial Services reports charging a percentage of assets, hourly fees and fixed fees on its Form ADV.

Page: https://find.wellspent.co/advisors/paul-beran/
Built from SEC adviser records and the firm's website; last checked October 30, 2026.

## Facts

- **Firm:** Arbor Financial Services
- **Based in:** Downers Grove, Illinois
- **Fee model (firm's Form ADV):** Percentage of assets; Hourly; Fixed fees
- **Accepting new clients:** Yes (firm's website)
- **Assets under management (firm):** $122.2M across 381 accounts
- **Specialties:** Small business owners
- **Works with:** Founders
- **CRD:** 6230066 (https://adviserinfo.sec.gov/individual/summary/6230066)
- **SEC registration:** Investment adviser representative in IL
- **Exams passed:** Series 65 (2013)
- **Firm size:** 5 employees
- **Disclosures:** None reported
- **Website:** http://www.arborfinancialservices.com/

## Frequently asked questions

### Is Paul Beran a fee-only financial advisor?

Yes, according to SEC records as of October 29, 2026: Paul holds no broker registration, and Arbor Financial Services reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency on its Form ADV.

### How does Paul charge for financial advice?

Paul's firm, Arbor Financial Services, reports charging a percentage of assets, hourly fees and fixed fees on its SEC Form ADV.

### Where is Paul Beran based?

Paul Beran is based in Downers Grove, Illinois.

### What does Paul specialize in?

Paul's specialties include small business owners. Paul works with founders.

### Is Paul Beran registered with the SEC?

Yes. Paul Beran is registered as an investment adviser representative in IL (CRD 6230066), per SEC Investment Adviser Public Disclosure data as of October 29, 2026.

### How much does Arbor Financial Services manage?

Arbor Financial Services reports $122.2M across 381 accounts in assets under management.

### How do I contact Paul Beran?

Through Paul's website, www.arborfinancialservices.com.

## Sources

- SEC adviser records (https://adviserinfo.sec.gov/individual/summary/6230066): the firm's Form ADV reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency, and the advisor holds no broker registration
- SEC Investment Adviser Public Disclosure and Form ADV: registration, exams, and firm facts, data as of October 29, 2026
- The firm's website (https://arborfinancialservices.com/): specialties, clients served, and fees, checked October 30, 2026

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Source: Wellspent, the public graph of fee-only advisors (https://find.wellspent.co). No paid placement.