Andrew David Kleis, AIF | Financial Professional | West Des Moines, Iowa | ARETE WEALTH ADVISORS, LLC

Professional summary

Andrew David Kleis, AIF® is a registered financial advisor currently at ARETE WEALTH ADVISORS, LLC located in West Des Moines, Iowa and ARETE WEALTH MANAGEMENT, LLC located in West Des Moines, Iowa.

Andrew is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2002. Andrew has worked at 8 firms and has passed the Series 65, Series 66, SIE and Series 7 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

None

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

INSIGHT TAX & FINANCIAL SERVICES LLC: TAX PREPARATION SERVICES; PARTNER; 6600 WESTOWN PARKWAY STE 190, WEST DES MOINES IA 50266; START DATE = 2017; 10 HOURS/MONTH. INSIGHT WEALTH GROUP: HOLDING COMPANY FOR JOINT PARTNER INVESTMENTS; PARTNER; 6600 WESTOWN PARKWAY STE 190, WEST DES MOINES IA 50266; START DATE = 2017; 1 HOURS/MONTH. INSIGHT WEALTH GROUP LLC: DBA; PARTNER; 6600 WESTOWN PARKWAY STE 190, WEST DES MOINES IA 50266; START DATE = 2012; 200 HOURS/MONTH. INSIGHT TAX & ACCOUNTING DBA INSIGHT CPA: TAX PREPARATION SERVICES; MY WIFE IS A CPA AND IS PARTIAL OWNER OF INSIGHT TAX & ACCOUNTING; 6600 WESTOWN PARKWAY STE 190, WEST DES MOINES IA 50266; START DATE = 2016; 8 HOURS/MONTH. DDWERKS LLC: DUE DILIGENCE SERVICES; OWNER; 6600 WESTOWN PARKWAY STE 190, WEST DES MOINES IA 50266; START DATE = 2017; 0 HOURS/MONTH. INSIGHT HOLDINGS LLC: HOLDING COMPANY FOR JOINT PARTNER INVESTMENTS; PARTNER; 6600 WESTOWN PARKWAY STE 190, WEST DES MOINES IA 50266; START DATE = 2014; 1 HOUR/MONTH. MCCLELLANDS BEACH HOA: HOA SECRETARY & TREASURER; SPIRIT LAKE IA 51360; START DATE = 08/2020; 1 HR/MTH; NOT INVESTMENT RELATED.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Andrew David Kleis's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

AIF^®

Accredited Investment Fiduciary

Experience

Current

September 6, 2012 - Present

ARETE WEALTH ADVISORS, LLC

Office #1: 6600 Westown Parkway Suite 190, West Des Moines, IA 50266

RIA

CRD#: 145488

WEST DES MOINES, IA

Current

September 10, 2012 - Present

ARETE WEALTH MANAGEMENT, LLC

Office #1: 6600 Westown Parkway Suite 190, West Des Moines, IA 50266Office #2: 134 W. Main Street, Panora , IA 50216

BD

CRD#: 44856

West Des Moines, IA

Past

April 19, 2012 - December 31, 2012

COMMERCE WEALTH ADVISERS, LLC

RIA

CRD#: 144449

CLIVE, IA

Past

September 12, 2006 - September 7, 2012

DEWAAY FINANCIAL NETWORK, LLC

BD

CRD#: 30767

CLIVE, IA

Past

February 20, 2006 - December 31, 2012

DEWAAY CAPITAL MANAGEMENT

RIA

CRD#: 116214

CLIVE, IA

Past

June 3, 2005 - September 11, 2006

VSR FINANCIAL SERVICES, INC.

BD

CRD#: 14503

WEST DES MOINES, IA

Past

August 4, 2003 - May 26, 2005

QA3 FINANCIAL CORP.

BD

CRD#: 14754

OMAHA, NE

Past

March 28, 2002 - July 21, 2003

UBS FINANCIAL SERVICES INC.

RIA

CRD#: 8174

OVERLAND PARK, KS

Past

March 13, 2002 - July 21, 2003

UBS FINANCIAL SERVICES INC.

BD

CRD#: 8174

WEEHAWKEN, NJ

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

AW

ARETE WEALTH ADVISORS, LLC

CRD#: 145488 / SEC#: 801-69827

RIA

Registered Investment Advisory firm - (1/5/2009 Approved)

District of Columbia

Registered Investment Advisory firm - (1/12/2009 Terminated)

Illinois

Registered Investment Advisory firm - (1/8/2008 Terminated)

Maryland

Registered Investment Advisory firm - (2/10/2009 Terminated)

Massachusetts

Registered Investment Advisory firm - (1/22/2009 Terminated)

Virginia

Registered Investment Advisory firm - (1/12/2009 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

IAR

means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.

RR

indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.

Visual representation of state registrations

RR

Alabama
(8/9/2013)

RR

Arizona
(9/10/2012)

RR

California
(9/10/2012)

RR

Colorado
(9/10/2012)

RR

Florida
(9/10/2012)

IAR

Florida
(10/15/2012)

RR

Georgia
(6/13/2013)

RR

Illinois
(9/10/2012)

RR

Indiana
(9/10/2012)

IAR

Iowa
(9/6/2012)

RR

Iowa
(9/10/2012)

RR

Kansas
(9/10/2012)

RR

Michigan
(9/10/2012)

RR

Minnesota
(9/10/2012)

RR

Missouri
(9/10/2012)

RR

Nebraska
(9/26/2012)

RR

Nevada
(6/21/2013)

RR

New Hampshire
(1/25/2023)

RR

New Mexico
(9/10/2012)

RR

North Carolina
(1/13/2020)

RR

North Dakota
(9/10/2012)

RR

South Dakota
(2/12/2013)

RR

Texas
(9/10/2012)

IAR

Texas
(9/14/2012)

RR

Virginia
(8/27/2021)

RR

Washington
(2/25/2022)

RR

Wisconsin
(9/10/2012)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state. Note: This rule does not apply to broker-dealer activity.

Exams

State Security Law Exam

IAR

Series 65

Date: 2/17/2006

Uniform Investment Adviser Law Examination

State Security Law Exam

RR

IAR

Series 66

Date: 3/27/2002

Uniform Combined State Law Examination

General Industry/Product Exam

RR

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

RR

Series 7

Date: 3/12/2002

General Securities Representative Examination

SRO Registrations

RR

FINRA

Current Firm

AW

ARETE WEALTH ADVISORS, LLC

CRD#: 145488 / SEC#: 801-69827

RIA

Registered Investment Advisory firm - (1/5/2009 Approved)

District of Columbia

Registered Investment Advisory firm - (1/12/2009 Terminated)

Illinois

Registered Investment Advisory firm - (1/8/2008 Terminated)

Maryland

Registered Investment Advisory firm - (2/10/2009 Terminated)

Massachusetts

Registered Investment Advisory firm - (1/22/2009 Terminated)

Virginia

Registered Investment Advisory firm - (1/12/2009 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

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Contact information

Main Address

1115 W Fulton Market 3rd Floor, Chicago, IL 60607

Mailing Address

Phone number

(312) 940-3684

Established

Firm type

Fiscal year end

# of Employees

138

SEC notice filing (52 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

ARETE WEALTH ADV2A - 04.01.2025 (4/1/2025)

ARETE WEALTH WRAP FEE BROCHURE - 03.31.2025 (3/28/2025)

Regulatory assets under management

Total Number of Accounts	5,837
AUM (Assets Under Management)	$ 3,152,167,506

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Advisor Monitoring

Firm Stability Insights

Andrew D. Kleis

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Andrew David Kleis's CRS (Customer Relationship Summary).

Certified licenses

Experience

ARETE WEALTH MANAGEMENT, LLC

COMMERCE WEALTH ADVISERS, LLC

DEWAAY FINANCIAL NETWORK, LLC

DEWAAY CAPITAL MANAGEMENT

VSR FINANCIAL SERVICES, INC.

QA3 FINANCIAL CORP.

UBS FINANCIAL SERVICES INC.

UBS FINANCIAL SERVICES INC.

Primary Firm SEC Registration

ARETE WEALTH ADVISORS, LLC

State Registrations and Notice Filings

Exams

Series 65

Date: 2/17/2006

Series 66

Date: 3/27/2002

SIE

Date: 10/1/2018

Series 7

Date: 3/12/2002

FINRA

Current Firm

ARETE WEALTH ADVISORS, LLC

Contact information

SEC notice filing (52 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

ARETE WEALTH ADVISORS, LLC

TRUST BUT VERIFY

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