# Chicago Investment Advisory Council, Inc.

> 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.

- CRD: 123243
- Filed as: CHICAGO INVESTMENT ADVISORY COUNCIL, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Charles, IL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/123243
- AdvisorCensus page: https://advisorcensus.com/firm/chicago-investment-advisory-council-inc-st-charles-il-123243

## Quick answers

**How is Chicago Investment Advisory Council, Inc. compensated?**
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).

**How much does Chicago Investment Advisory Council, Inc. charge?**
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…); Flat fee: $100 to $2,500 (initial consultation services/portfolio review services…). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Chicago Investment Advisory Council, Inc. located?**
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).

**Is Chicago Investment Advisory Council, Inc. registered with the SEC or a state?**
Chicago Investment Advisory Council, Inc. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 123243.

**How much does Chicago Investment Advisory Council, Inc. manage?**
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).

**How have Chicago Investment Advisory Council, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does Chicago Investment Advisory Council, Inc. serve?**
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).

**Which custodians does Chicago Investment Advisory Council, Inc. use?**
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.

**Does Chicago Investment Advisory Council, Inc. 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/123243

**Does Chicago Investment Advisory Council, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "CIAC does not require a minimum account size for any investment advisory service."

**What changed in Chicago Investment Advisory Council, Inc.'s recent Form ADV filings?**
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.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: None

> CIAC does not require a minimum account size for any investment advisory service.

- Hourly rate: $150 to $250 an hour (initial consultation services/portfolio review services and…)

> 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.

- Flat fee: $100 to $2,500 (initial consultation services/portfolio review 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.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

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

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: $230,000,000
- Discretionary: $230,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,000 | $80,000,000 |
| High net worth individuals | 100 | $140,000,000 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $10,000,000 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Educational seminars/workshops

### Firm details
- Registered since: 2021 (5 years)
- Employees: 11 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, IL, MI, TX
- 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
- Chicago, IL
- Ft. Lauderdale, FL

### Websites listed on Form ADV (Item 1.I)
- ciacinc.com
- Facebook @Chicago-Investment-Advisory-Council-Inc-143349222410641
- LinkedIn @chicago-investment-advisory-council

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $163,494,616 | 6 | March 26, 2021 |
| October 2022 | $155,336,000 | 16 | March 25, 2022 |
| October 2023 | $140,000,000 | 16 | March 29, 2023 |
| October 2024 | $160,000,000 | 11 | April 5, 2024 |
| October 2025 | $190,000,000 | 11 | April 1, 2025 |
| October 2026 | $230,000,000 | 11 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $190,000,000 to $230,000,000 (+21%).
- No longer lists an office in Chicago, IL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Chicago Investment Advisory Council, Inc. (CRD 123243): Form ADV filing data as of October 2026.