{ "crd_number": 139721, "slug": "alpha-investment-consulting-group-llc-milwaukee-wi-139721", "primary_business_name": "ALPHA INVESTMENT CONSULTING GROUP, LLC", "legal_name": "ALPHA INVESTMENT CONSULTING GROUP, LLC", "dbas": [], "city": "Milwaukee", "state": "WI", "country": "United States", "cbsa_code": "33340", "metro": { "cbsa_code": "33340", "common_name": "Milwaukee", "msa_name": "Milwaukee-Waukesha, WI", "path": "/advisors/wi/milwaukee" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2006-06-09", "years_registered": 20, "period": "2026-10-01", "filing_date": "2026-03-25", "carried_forward": false, "raum_total": 713594230.0, "raum_discretionary": 713594230.0, "raum_non_discretionary": 0.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 8, "advisory_employees": 3, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 141998529.0, "count": 19 }, "pension_profit_sharing": { "raum": 559368170.0, "count": 27 }, "high_net_worth_individuals": { "raum": 12227531.0, "count": 14 } }, "compensation_types": [ "fixed", "percentage_of_aum" ], "advisory_activities": [ "other", "pension_consulting" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "WI" ], "websites": [ "https://alpha-investment.com", "https://linkedin.com/COMPANY/ALPHA-INVESTMENT-CONSULTING-GROUP", "https://x.com/AlphaInvest" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/139721", "city_as_filed": "MILWAUKEE", "url": "https://advisorcensus.com/firm/alpha-investment-consulting-group-llc-milwaukee-wi-139721", "display_name": "Alpha Investment Consulting Group, LLC", "summary": "Alpha Investment Consulting Group, LLC is an SEC-registered investment advisory firm in Milwaukee, WI, registered since 2006, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.", "citation": "AdvisorCensus. Alpha Investment Consulting Group, LLC (CRD 139721): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Pension consulting services", "Other" ], "quick_answers": [ { "q": "How is Alpha Investment Consulting Group, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Alpha Investment Consulting Group, LLC 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." }, { "q": "Where is Alpha Investment Consulting Group, LLC located?", "a": "Alpha Investment Consulting Group, LLC's principal office is in Milwaukee, WI, according to its Form ADV." }, { "q": "Is Alpha Investment Consulting Group, LLC registered with the SEC or a state?", "a": "Alpha Investment Consulting Group, LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 139721." }, { "q": "How much does Alpha Investment Consulting Group, LLC manage?", "a": "Alpha Investment Consulting Group, LLC reports $713,594,230 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary)." }, { "q": "How have Alpha Investment Consulting Group, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Alpha Investment Consulting Group, LLC: Regulatory assets under management: $394,191,439 in the October 2021 data and $713,594,230 in the October 2026 data, up 81%. Total employees: 8 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Alpha Investment Consulting Group, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (27); charitable organizations (19); high net worth individuals (14)." }, { "q": "Which custodians does Alpha Investment Consulting Group, LLC use?", "a": "Alpha Investment Consulting Group, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fifth Third Bank, National Association, Transamerica Financial Advisors, LLC and Voya Institutional Trust Company as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Alpha Investment Consulting Group, LLC report any disciplinary disclosures?", "a": "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/139721" }, { "q": "What changed in Alpha Investment Consulting Group, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 4 to 3. Regulatory assets under management went from $635,720,897 to $713,594,230 (+12%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 394191439.0, "total_employees": 8, "filing_date": "2021-03-25" }, { "period": "2022-10-01", "regulatory_assets_under_management": 458658880.0, "total_employees": 8, "filing_date": "2022-03-22" }, { "period": "2023-10-01", "regulatory_assets_under_management": 465353967.0, "total_employees": 8, "filing_date": "2023-03-24" }, { "period": "2024-10-01", "regulatory_assets_under_management": 560489500.0, "total_employees": 8, "filing_date": "2024-03-21" }, { "period": "2025-10-01", "regulatory_assets_under_management": 635720897.0, "total_employees": 8, "filing_date": "2025-03-17" }, { "period": "2026-10-01", "regulatory_assets_under_management": 713594230.0, "total_employees": 8, "filing_date": "2026-03-25" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 4 to 3.", "Regulatory assets under management went from $635,720,897 to $713,594,230 (+12%)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Fifth Third Bank, National Association", "name_as_filed": "FIFTH THIRD BANK, NATIONAL ASSOCIATION", "affiliated": false }, { "name": "Transamerica Financial Advisors, LLC", "name_as_filed": "TRANSAMERICA FINANCIAL ADVISORS, LLC", "affiliated": false }, { "name": "Voya Institutional Trust Company", "name_as_filed": "VOYA INSTITUTIONAL TRUST COMPANY", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/alpha-investment-consulting-group-llc-milwaukee-wi-139721.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 14, "fewer_than_5": false, "raum": 12227531.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 27, "fewer_than_5": false, "raum": 559368170.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 19, "fewer_than_5": false, "raum": 141998529.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/139721", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }