Firm
FirstGen Wealth
Chicago, Illinois
Fee-only
FirstGen Wealth at a glance
- One of 330 fee-only firms based in Illinois in the Wellspent graph.
- 1 advisor is listed here, who holds the CFP.
- Its Form ADV reports 1 employee and 21 individual clients.
- Its average account is about $86,000 (assets it manages divided by its 80 accounts).
- Its ongoing planning fee starts at $6,750 a year, above the Illinois median of $5,000.
- Its website says it's taking new clients.
- It works with clients virtually as well as in person.
Fee-only advisors in Illinois · What fee-only advisors charge in Illinois
Facts
| Based in | Chicago, Illinois |
|---|---|
| Website | 1genwealth.com |
FirstGen Wealth fees
What the firm's own website says it charges, checked October 28, 2026. We keep a price only when the exact words stating it appear on the page.
| Ongoing planning | From $6,750 a year |
|---|---|
| One-time plan | From $1,500 |
| How it charges | Flat fee · Ongoing planning fee · One-time plans or projects |
In the firm's words
"The minimum fee starts at $6,750 for individuals and $8,250 for couples paid quarterly." source
"one-time upfront $1,500 – $2,500 fee" source
"We charge a clear, flat fee in dollars, so you always know exactly what you’re paying and why." source
"one-time upfront $1,500 – $2,500 fee + fixed annual fee, paid monthly or quarterly." source
For comparison, fee-only firms that publish prices charge a median of $4,500 a year for ongoing planning, $2,000 for a one-time plan, $300 an hour, or 1% of assets. See the fee report.
What its SEC filing says
| Paid by | Percentage of assets · Hourly · Fixed fees |
|---|---|
| Assets managed | $7 million |
| Individual clients | 21 |
| Accounts managed | 80 |
| Employees | 1 |
| Planning clients | 26-50 |
| Financial planning | Offered |
| Form ADV filed | April 14, 2026 |
| SEC record | CRD 319368 |