{
  "crd_number": 123243,
  "slug": "chicago-investment-advisory-council-inc-st-charles-il-123243",
  "primary_business_name": "CHICAGO INVESTMENT ADVISORY COUNCIL, INC.",
  "legal_name": "CHICAGO INVESTMENT ADVISORY COUNCIL, INC.",
  "dbas": [],
  "city": "St. Charles",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-04-26",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 230000000.0,
  "raum_discretionary": 230000000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 11,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 80000000.0,
      "count": 1000
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 10000000.0,
      "count": 5
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 140000000.0,
      "count": 100
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "IL",
    "MI",
    "TX"
  ],
  "websites": [
    "https://ciacinc.com",
    "https://facebook.com/Chicago-Investment-Advisory-Council-Inc-143349222410641",
    "https://linkedin.com/company/chicago-investment-advisory-council"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/123243",
  "city_as_filed": "ST. CHARLES",
  "url": "https://advisorcensus.com/firm/chicago-investment-advisory-council-inc-st-charles-il-123243",
  "display_name": "Chicago Investment Advisory Council, Inc.",
  "summary": "Chicago Investment Advisory Council, Inc. is an SEC-registered investment advisory firm in St. Charles, IL, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Chicago Investment Advisory Council, Inc. (CRD 123243): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Chicago Investment Advisory Council, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Chicago Investment Advisory Council, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Chicago Investment Advisory Council, Inc. charge?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Hourly rate: $150 to $250 an hour (initial consultation services/portfolio review services and financial…); Flat fee: $100 to $2,500 (initial consultation services/portfolio review services, financial planning…). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Chicago Investment Advisory Council, Inc. located?",
      "a": "Chicago Investment Advisory Council, Inc.'s principal office is in St. Charles, IL, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Chicago Investment Advisory Council, Inc. registered with the SEC or a state?",
      "a": "Chicago Investment Advisory Council, Inc. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 123243."
    },
    {
      "q": "How much does Chicago Investment Advisory Council, Inc. manage?",
      "a": "Chicago Investment Advisory Council, Inc. reports $230,000,000 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)."
    },
    {
      "q": "How have Chicago Investment Advisory Council, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Chicago Investment Advisory Council, Inc.: Regulatory assets under management: $163,494,616 in the October 2021 data and $230,000,000 in the October 2026 data, up 41%. Total employees: 6 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Chicago Investment Advisory Council, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,000); high net worth individuals (100); pension and profit sharing plans (but not the plan participants or government pension plans) (5)."
    },
    {
      "q": "Which custodians does Chicago Investment Advisory Council, Inc. use?",
      "a": "Chicago Investment Advisory Council, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Chicago Investment Advisory Council, Inc. 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/123243"
    },
    {
      "q": "Does Chicago Investment Advisory Council, Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"CIAC does not require a minimum account size for any investment advisory service.\""
    },
    {
      "q": "What changed in Chicago Investment Advisory Council, Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $190,000,000 to $230,000,000 (+21%). No longer lists an office in Chicago, IL."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 163494616.0,
      "total_employees": 6,
      "filing_date": "2021-03-26"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 155336000.0,
      "total_employees": 16,
      "filing_date": "2022-03-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 140000000.0,
      "total_employees": 16,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 160000000.0,
      "total_employees": 11,
      "filing_date": "2024-04-05"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 190000000.0,
      "total_employees": 11,
      "filing_date": "2025-04-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 230000000.0,
      "total_employees": 11,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $190,000,000 to $230,000,000 (+21%).",
        "No longer lists an office in Chicago, IL."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $150 to $250 an hour (initial consultation services/portfolio review services and financial…)",
      "Flat fee: $100 to $2,500 (initial consultation services/portfolio review services, financial planning…)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "CIAC does not require a minimum account size for any investment advisory service."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $150 to $250 an hour (initial consultation services/portfolio review services and financial…)"
        ],
        "quotes": [
          "We may charge you hourly fees for our services that typically range between $150 - $250 per hour. Hourly fees typically apply to engagements for initial consultation services/portfolio review services and financial planning services."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $100 to $2,500 (initial consultation services/portfolio review services, financial planning…)"
        ],
        "quotes": [
          "We may charge you fixed fees for our services that typically range between $100 - $2,500. Fixed fees may apply to engagements for initial consultation services/portfolio review services, financial planning services, and/or for educational workshops."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": null,
          "min": 150.0,
          "max": 250.0,
          "period": "hour",
          "service": "initial consultation services/portfolio review services and financial planning services"
        },
        {
          "kind": "flat",
          "amount": null,
          "min": 100.0,
          "max": 2500.0,
          "period": "one_time",
          "service": "initial consultation services/portfolio review services, financial planning services, and/or for educational workshops"
        }
      ]
    },
    "quotes": [
      "CIAC does not require a minimum account size for any investment advisory service.",
      "We may charge you hourly fees for our services that typically range between $150 - $250 per hour. Hourly fees typically apply to engagements for initial consultation services/portfolio review services and financial planning services.",
      "We may charge you fixed fees for our services that typically range between $100 - $2,500. Fixed fees may apply to engagements for initial consultation services/portfolio review services, financial planning services, and/or for educational workshops."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab",
      "name_as_filed": "CHARLES SCHWAB",
      "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/chicago-investment-advisory-council-inc-st-charles-il-123243.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1000,
      "fewer_than_5": false,
      "raum": 80000000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 100,
      "fewer_than_5": false,
      "raum": 140000000.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 10000000.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/123243",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}