# Associated Investment Services, Inc.

> Associated Investment Services, Inc. is an SEC-registered investment advisory firm in Green Bay, WI, registered since 2010, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated October 1, 2026.

- CRD: 1464
- Filed as: ASSOCIATED INVESTMENT SERVICES, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Green Bay, WI
- Filing period: October 2026
- Form ADV filing dated: October 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/1464
- AdvisorCensus page: https://advisorcensus.com/firm/associated-investment-services-inc-green-bay-wi-1464

## Quick answers

**How is Associated Investment Services, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Associated Investment Services, Inc. reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Associated Investment Services, Inc. located?**
Associated Investment Services, Inc.'s principal office is in Green Bay, WI, according to its Form ADV; the May 2026 filing also lists 26 other offices (Schedule D, Section 1.F).

**Is Associated Investment Services, Inc. registered with the SEC or a state?**
Associated Investment Services, Inc. is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 1464.

**How much does Associated Investment Services, Inc. manage?**
Associated Investment Services, Inc. reports $1,169,239,099 in regulatory assets under management in its Form ADV filing dated October 1, 2026 (0% discretionary).

**How have Associated Investment Services, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Associated Investment Services, Inc.: Regulatory assets under management: $973,097,889 in the October 2021 data and $1,169,239,099 in the October 2026 data, up 20%. Total employees: 63 in October 2021 and 60 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Associated Investment Services, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,264); high net worth individuals (577); corporations or other businesses not listed above (6).

**Which custodians does Associated Investment Services, Inc. use?**
Associated Investment Services, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Associated Investment Services, Inc. report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/1464

**What changed in Associated Investment Services, Inc.'s recent Form ADV filings?**
In the May 2026 filing data: Registered or notice-filed in NH.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- National Financial 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: $1,169,239,099
- Discretionary: $0
- Non-discretionary: $1,169,239,099

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 3,264 | $711,579,513 |
| High net worth individuals | 577 | $452,613,301 |
| Charitable organizations | 5 | $1,740,600 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $1,768,319 |
| Corporations or other businesses not listed above | 6 | $1,537,366 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2010 (16 years)
- Employees: 60 total, 27 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, GA, IA, IL, IN, LA, MI, MN, MO, NC, NE, NH, NV, OH, SC, TN, TX, WI
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/1464

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Appleton, WI
- Brookfield, WI
- Chicago, IL
- De Pere, WI
- Eagan, MN
- Fairview Heights, IL
- Green Bay, WI
- Greenfield, WI
- Lacrosse, WI
- Machesney Park, IL
- Madison, WI
- Minocqua, WI
- Mukwonago, WI
- Neenah, WI
- New London, WI
- Port Washington, WI
- Shawano, WI
- Sheboygan, WI
- St. Louis Park, MN
- St. Paul, MN
- Stevens Point, WI
- Suamico, WI
- Sun Prairie, WI
- Watertown, WI
- Wauwatosa, WI
- West Allis, WI

### Websites listed on Form ADV (Item 1.I)
- associatedbank.com
- associatedbank.com/wealth/personal-wealth/associated-investment-services

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $973,097,889 | 63 | August 5, 2021 |
| October 2022 | $1,006,715,073 | 61 | September 19, 2022 |
| October 2023 | $827,255,621 | 59 | May 16, 2023 |
| October 2024 | $862,552,767 | 62 | August 27, 2024 |
| October 2025 | $1,000,633,569 | 62 | June 13, 2025 |
| October 2026 | $1,169,239,099 | 60 | October 1, 2026 |

Regulatory assets under management: $973,097,889 in the October 2021 data and $1,169,239,099 in the October 2026 data, up 20%.
Total employees: 63 in October 2021 and 60 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Registered or notice-filed in NH.

### April 2026
- Employees performing advisory functions went from 26 to 27.
- Regulatory assets under management went from $1,000,633,569 to $1,169,239,099 (+17%).
- Changed its office addresses in Fairview Heights, IL.
- Changed its office addresses in Mukwonago, WI.
- Changed its office addresses in Sun Prairie, WI.
- Registered or notice-filed in NC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Associated Investment Services, Inc. (CRD 1464): Form ADV filing data as of October 2026.