{ "crd_number": 310378, "slug": "constitution-investment-advisory-and-portfolio-management-shelton-ct-310378", "primary_business_name": "CONSTITUTION INVESTMENT ADVISORY AND PORTFOLIO MANAGEMENT", "legal_name": "CONSTITUTION CAPITAL LLC", "dbas": [], "city": "Shelton", "state": "CT", "country": "United States", "cbsa_code": "47930", "metro": { "cbsa_code": "47930", "common_name": "Waterbury", "msa_name": "Waterbury-Shelton, CT", "path": "/advisors/ct/waterbury" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2020-09-18", "years_registered": 6, "period": "2026-10-01", "filing_date": "2026-02-06", "carried_forward": false, "raum_total": 241326000.0, "raum_discretionary": 241326000.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 6, "advisory_employees": 2, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 1583821.0, "count": null, "fewer_than_5": true }, "individuals": { "raum": 21422130.0, "count": 126 }, "high_net_worth_individuals": { "raum": 217177023.0, "count": 54 }, "corporations_other_businesses": { "raum": 1143026.0, "count": null, "fewer_than_5": true } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "portfolio_management_businesses_institutional", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CT", "FL", "MA", "NH", "NY" ], "websites": [ "https://ciapm.com", "https://facebook.com/profile.php?id=61577902002550", "https://linkedin.com/company/constitution-capital-llc", "https://youtube.com/channel/UCC-gtkTFiVt_Uziz17Ucl6g" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/310378", "city_as_filed": "SHELTON", "url": "https://advisorcensus.com/firm/constitution-investment-advisory-and-portfolio-management-shelton-ct-310378", "display_name": "Constitution Investment Advisory and Portfolio Management", "summary": "Constitution Investment Advisory and Portfolio Management is an SEC-registered investment advisory firm in Shelton, CT, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 6, 2026.", "citation": "AdvisorCensus. Constitution Investment Advisory and Portfolio Management (CRD 310378): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Constitution Investment Advisory and Portfolio Management compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Constitution Investment Advisory and Portfolio Management reports these compensation arrangements: a percentage of assets under its management." }, { "q": "How much does Constitution Investment Advisory and Portfolio Management charge?", "a": "Its Form ADV Part 2A brochure dated February 6, 2026 states: Asset-based fee: 0.5% to 1.4% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Constitution Investment Advisory and Portfolio Management located?", "a": "Constitution Investment Advisory and Portfolio Management's principal office is in Shelton, CT, according to its Form ADV." }, { "q": "Is Constitution Investment Advisory and Portfolio Management registered with the SEC or a state?", "a": "Constitution Investment Advisory and Portfolio Management is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 310378." }, { "q": "How much does Constitution Investment Advisory and Portfolio Management manage?", "a": "Constitution Investment Advisory and Portfolio Management reports $241,326,000 in regulatory assets under management in its Form ADV filing dated February 6, 2026 (100% discretionary)." }, { "q": "How have Constitution Investment Advisory and Portfolio Management's assets and staff changed since 2021?", "a": "In the Form ADV data for Constitution Investment Advisory and Portfolio Management: Regulatory assets under management: $168,974,075 in the October 2021 data and $241,326,000 in the October 2026 data, up 43%. Total employees: 4 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Constitution Investment Advisory and Portfolio Management serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (126); high net worth individuals (54)." }, { "q": "Which custodians does Constitution Investment Advisory and Portfolio Management use?", "a": "Constitution Investment Advisory and Portfolio Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Constitution Investment Advisory and Portfolio Management 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/310378" }, { "q": "Does Constitution Investment Advisory and Portfolio Management state an account minimum?", "a": "Its Form ADV Part 2A brochure dated February 6, 2026 says: \"CIAPM generally does not impose a minimum relationship size.\"" } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 168974075.0, "total_employees": 4, "filing_date": "2021-05-18" }, { "period": "2022-10-01", "regulatory_assets_under_management": 214169359.0, "total_employees": 5, "filing_date": "2022-03-21" }, { "period": "2023-10-01", "regulatory_assets_under_management": 179044198.0, "total_employees": 4, "filing_date": "2023-08-21" }, { "period": "2024-10-01", "regulatory_assets_under_management": 199944315.0, "total_employees": 5, "filing_date": "2024-02-07" }, { "period": "2025-10-01", "regulatory_assets_under_management": 224853594.0, "total_employees": 6, "filing_date": "2025-02-04" }, { "period": "2026-10-01", "regulatory_assets_under_management": 241326000.0, "total_employees": 6, "filing_date": "2026-02-06" } ], "recent_changes": [], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated February 6, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": "0.5% to 1.4% a year", "stated_maximum": null, "account_minimum": "None", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 0.5% to 1.4% a year (a range, as the brochure states it)" ], "quotes": [ "Wealth management fees range from 0.50% to 1.40% annually based on several factors, including the scope and complexity of the services to be provided, the level of assets to be managed, and the overall relationship with the Advisor." ] }, { "label": "Account minimum", "statements": [ "Account minimum: None" ], "quotes": [ "CIAPM generally does not impose a minimum relationship size." ] } ], "values": { "tiers": [], "range_pct": [ 0.5, 1.4 ], "max_pct": null, "account_minimum": 0.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Wealth management fees range from 0.50% to 1.40% annually based on several factors, including the scope and complexity of the services to be provided, the level of assets to be managed, and the overall relationship with the Advisor.", "CIAPM generally does not impose a minimum relationship size." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Fidelity Brokerage Services LLC", "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC", "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/constitution-investment-advisory-and-portfolio-management-shelton-ct-310378.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 126, "fewer_than_5": false, "raum": 21422130.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 54, "fewer_than_5": false, "raum": 217177023.0 }, { "type": "charitable", "label": "Charitable organizations", "count": null, "fewer_than_5": true, "raum": 1583821.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": null, "fewer_than_5": true, "raum": 1143026.0 } ], "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/310378", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }