# Constellation Investments, Inc.

> Constellation Investments, Inc. is an SEC-registered investment advisory firm in Montgomery, OH, registered since 1996, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 107528
- Filed as: CONSTELLATION INVESTMENTS, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Montgomery, OH
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107528
- AdvisorCensus page: https://advisorcensus.com/firm/constellation-investments-inc-montgomery-oh-107528

## Quick answers

**How is Constellation Investments, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Constellation Investments, Inc. reports these compensation arrangements: a percentage of assets under its management; other.

**Where is Constellation Investments, Inc. located?**
Constellation Investments, Inc.'s principal office is in Montgomery, OH, according to its Form ADV.

**Is Constellation Investments, Inc. registered with the SEC or a state?**
Constellation Investments, Inc. is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 107528.

**How much does Constellation Investments, Inc. manage?**
Constellation Investments, Inc. reports $31,477,906,332 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Constellation Investments, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Constellation Investments, Inc.: Regulatory assets under management: $9,713,757,251 in the October 2021 data and $31,477,906,332 in the October 2026 data, up 224%. Total employees: 19 in October 2021 and 45 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Constellation Investments, Inc. serve?**
By number of clients on Form ADV Item 5.D: corporations or other businesses not listed above (9); pooled investment vehicles (other than investment companies and business development companies) (4); investment companies (1).

**Which custodians does Constellation Investments, Inc. use?**
Constellation Investments, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists US Bank as a custodian holding 10% or more of its separately managed account assets.

**Does Constellation Investments, 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/107528

**Does Constellation Investments, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "CINV does not require any minimum asset value or account size for opening or maintaining an account."

**What changed in Constellation Investments, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 6 to 8. Regulatory assets under management went from $26,311,127,270 to $31,477,906,332 (+20%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

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

- Account minimum: None

> CINV does not require any minimum asset value or account size for opening or maintaining an account.

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

### Custodians (Schedule D, Section 5.K(3))
- US Bank

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: $31,477,906,332
- Discretionary: $31,477,906,332
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $12,297,879,087 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $494,240,096 |
| Insurance companies | Fewer than 5 | $14,370,535,877 |
| Corporations or other businesses not listed above | 9 | $4,315,251,272 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1996 (30 years)
- Employees: 45 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: OH
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- constellationinsurance.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $9,713,757,251 | 19 | April 30, 2021 |
| October 2022 | $11,582,124,107 | 19 | August 19, 2022 |
| October 2023 | $10,894,454,296 | 21 | October 3, 2023 |
| October 2024 | $11,745,374,185 | 21 | September 26, 2024 |
| October 2025 | $26,311,127,270 | 22 | April 2, 2025 |
| October 2026 | $31,477,906,332 | 45 | March 31, 2026 |

Regulatory assets under management: $9,713,757,251 in the October 2021 data and $31,477,906,332 in the October 2026 data, up 224%.
Total employees: 19 in October 2021 and 45 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 6 to 8.
- Regulatory assets under management went from $26,311,127,270 to $31,477,906,332 (+20%).
- Updated its list of owners and control persons (Schedule A).

### March 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Constellation Investments, Inc. (CRD 107528): Form ADV filing data as of October 2026.