# Advanced Capital Group

> Advanced Capital Group is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2006, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 20, 2026.

- CRD: 109673
- Filed as: ADVANCED CAPITAL GROUP
- Legal name: Advanced Capital Group, Inc.
- Also doing business as: ALERA GROUP RETIREMENT PLAN SERVICES, ALERA GROUP WEALTH SERVICES, FINWELL CONNECT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: March 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/109673
- AdvisorCensus page: https://advisorcensus.com/firm/advanced-capital-group-minneapolis-mn-109673

## Quick answers

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

**Where is Advanced Capital Group located?**
Advanced Capital Group's principal office is in Minneapolis, MN, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Advanced Capital Group registered with the SEC or a state?**
Advanced Capital Group is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 109673.

**How much does Advanced Capital Group manage?**
Advanced Capital Group reports $29,988,968,764 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (6% discretionary).

**How have Advanced Capital Group's assets and staff changed since 2021?**
In the Form ADV data for Advanced Capital Group: Regulatory assets under management: $26,614,690,549 in the October 2021 data and $29,988,968,764 in the October 2026 data, up 13%. Total employees: 28 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Advanced Capital Group serve?**
By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (166); individuals (other than high net worth individuals) (87); high net worth individuals (51).

**Which custodians does Advanced Capital Group use?**
Advanced Capital Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Advanced Capital Group 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/109673

**What changed in Advanced Capital Group's recent Form ADV filings?**
In the April 2026 filing data: Added the business name Alera Group Retirement Plan Services. Added the business name Alera Group Wealth Services. Added the business name Finwell Connect. Added an office in Brentwood, MO. Registered or notice-filed in CO.

## From the Form ADV filing

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

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

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: $29,988,968,764
- Discretionary: $1,718,291,428
- Non-discretionary: $28,270,677,336

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 87 | $40,362,765 |
| High net worth individuals | 51 | $1,959,381,433 |
| Banking or thrift institutions | 1 | $89,389,148 |
| 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) | 166 | $25,907,784,895 |
| Charitable organizations | 3 | $70,584,949 |
| State or municipal government entities (including government pension plans) | 31 | $1,202,896,518 |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 3 | $294,786,399 |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 24 | $423,782,657 |
| 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
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops

### Firm details
- Registered since: 2006 (20 years)
- Employees: 22 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, IA, IL, KS, KY, LA, MI, MN, MO, ND, NE, NY, PA, SD, TX, VA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Brentwood, MO

### Websites listed on Form ADV (Item 1.I)
- acg.aleragroup.com
- acgbiz.com
- aleragroup.com/retirement-plan-services
- aleragroup.com/wealth-services
- thewell.work
- venrollment.com/v/alera-group-retirement-and-employee-benefits
- LinkedIn @advanced-capital-group

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $26,614,690,549 | 28 | June 10, 2021 |
| October 2022 | $29,775,390,300 | 28 | March 30, 2022 |
| October 2023 | $24,700,482,422 | 28 | March 29, 2023 |
| October 2024 | $25,902,315,714 | 27 | March 26, 2024 |
| October 2025 | $27,844,415,264 | 22 | June 30, 2025 |
| October 2026 | $29,988,968,764 | 22 | March 20, 2026 |

Regulatory assets under management: $26,614,690,549 in the October 2021 data and $29,988,968,764 in the October 2026 data, up 13%.
Total employees: 28 in October 2021 and 22 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Added the business name Alera Group Retirement Plan Services.
- Added the business name Alera Group Wealth Services.
- Added the business name Finwell Connect.
- Added an office in Brentwood, MO.
- Registered or notice-filed in CO.

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Advanced Capital Group (CRD 109673): Form ADV filing data as of October 2026.