# Acropolis Investment Management

> Acropolis Investment Management is an SEC-registered investment advisory firm in Chesterfield, MO, registered since 2002, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 121307
- Filed as: ACROPOLIS INVESTMENT MANAGEMENT
- Legal name: Acropolis Investment Management, L.L.C.
- Also doing business as: ULLICO RETIREMENT SOLUTIONS ("URS")
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chesterfield, MO
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/121307
- AdvisorCensus page: https://advisorcensus.com/firm/acropolis-investment-management-chesterfield-mo-121307

## Quick answers

**How is Acropolis Investment Management compensated?**
On its Form ADV (Item 5.E, October 2026), Acropolis Investment Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Acropolis Investment Management located?**
Acropolis Investment Management's principal office is in Chesterfield, MO, according to its Form ADV.

**Is Acropolis Investment Management registered with the SEC or a state?**
Acropolis Investment Management is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 121307.

**How much does Acropolis Investment Management manage?**
Acropolis Investment Management reports $2,612,315,378 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have Acropolis Investment Management's assets and staff changed since 2021?**
In the Form ADV data for Acropolis Investment Management: Regulatory assets under management: $1,654,184,122 in the October 2021 data and $2,612,315,378 in the October 2026 data, up 58%. Total employees: 39 in October 2021 and 44 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Acropolis Investment Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (636); individuals (other than high net worth individuals) (401); charitable organizations (8).

**Which custodians does Acropolis Investment Management use?**
Acropolis Investment Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Acropolis Investment Management report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/121307

**What changed in Acropolis Investment Management's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 39 to 38. Regulatory assets under management went from $2,196,677,599 to $2,612,315,378 (+19%). Registered or notice-filed in MI.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $2,612,315,378
- Discretionary: $2,612,315,378
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 401 | $214,813,332 |
| High net worth individuals | 636 | $2,263,680,543 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $7,276,369 |
| Charitable organizations | 8 | $19,275,809 |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | Fewer than 5 | $107,269,325 |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 2002 (24 years)
- Employees: 44 total, 38 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AZ, CA, CO, DC, FL, IA, IL, IN, KS, LA, MD, MI, MN, MO, NC, NE, NY, OH, OR, PA, SC, TX, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [acr-rps.com](https://acr-rps.com)
- [acr401k.com](https://acr401k.com)
- [acrinv-rps.com](https://acrinv-rps.com)
- [acrinv.com](https://acrinv.com)
- [acrlp.com](https://acrlp.com)
- [acropoblog.com](https://acropoblog.com)
- [acropolis401k.com](https://acropolis401k.com)
- [acropolisinsights.com](https://acropolisinsights.com)
- [acropolisinvest.com](https://acropolisinvest.com)
- [acropolisinvestment.biz](https://acropolisinvestment.biz)
- [acropolisinvestment.com](https://acropolisinvestment.com)
- [acropolisinvestment.net](https://acropolisinvestment.net)
- [acropolisinvestmentmanagement.biz](https://acropolisinvestmentmanagement.biz)
- [acropolisinvestmentmanagement.com](https://acropolisinvestmentmanagement.com)
- [acropolisinvestmentmanagement.net](https://acropolisinvestmentmanagement.net)
- [acropolisinvestments.biz](https://acropolisinvestments.biz)
- [acropolisinvestments.com](https://acropolisinvestments.com)
- [acropolisinvestments.net](https://acropolisinvestments.net)
- [acropoliswealth.com](https://acropoliswealth.com)
- [acrrps.com](https://acrrps.com)
- [ullico-urs.com](https://ullico-urs.com)
- LinkedIn @acropolis-investment-management-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,654,184,122 | 39 | June 22, 2021 |
| October 2022 | $1,919,450,487 | 40 | July 21, 2022 |
| October 2023 | $1,736,978,809 | 44 | March 30, 2023 |
| October 2024 | $1,921,770,519 | 43 | March 27, 2024 |
| October 2025 | $2,196,677,599 | 43 | May 8, 2025 |
| October 2026 | $2,612,315,378 | 44 | March 26, 2026 |

Regulatory assets under management: $1,654,184,122 in the October 2021 data and $2,612,315,378 in the October 2026 data, up 58%.
Total employees: 39 in October 2021 and 44 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 39 to 38.
- Regulatory assets under management went from $2,196,677,599 to $2,612,315,378 (+19%).
- Registered or notice-filed in MI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Acropolis Investment Management (CRD 121307): Form ADV filing data as of October 2026.