{
  "crd_number": 170912,
  "slug": "crescent-grove-advisors-lake-forest-il-170912",
  "primary_business_name": "CRESCENT GROVE ADVISORS",
  "legal_name": "CRESCENT GROVE ADVISORS, LLC",
  "dbas": [],
  "city": "Lake Forest",
  "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": "2014-04-17",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-03-26",
  "carried_forward": false,
  "raum_total": 5504086413.0,
  "raum_discretionary": 5458706180.0,
  "raum_non_discretionary": 45380233.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 34,
  "advisory_employees": 14,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 92863176.0,
      "count": 33,
      "description": "FRIENDS & FAMILY"
    },
    "charitable": {
      "raum": 176052017.0,
      "count": 19
    },
    "individuals": {
      "raum": 30261095.0,
      "count": 35
    },
    "high_net_worth_individuals": {
      "raum": 5113561269.0,
      "count": 290
    },
    "corporations_other_businesses": {
      "raum": 91348856.0,
      "count": 5
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "FL",
    "GA",
    "IL",
    "MN",
    "MO",
    "NY",
    "PA",
    "SC",
    "TX",
    "VA",
    "WI"
  ],
  "websites": [
    "https://crescentgroveadvisors.com",
    "https://linkedin.com/COMPANY/16223559"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/170912",
  "city_as_filed": "LAKE FOREST",
  "url": "https://advisorcensus.com/firm/crescent-grove-advisors-lake-forest-il-170912",
  "display_name": "Crescent Grove Advisors",
  "summary": "Crescent Grove Advisors is an SEC-registered investment advisory firm in Lake Forest, IL, registered since 2014, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.",
  "citation": "AdvisorCensus. Crescent Grove Advisors (CRD 170912): 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",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Crescent Grove Advisors compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Crescent Grove Advisors reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Crescent Grove Advisors charge?",
      "a": "Its Form ADV Part 2A brochure dated March 26, 2026 states: Flat fee: $3,000 to $150,000 a year (financial planning and consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Crescent Grove Advisors located?",
      "a": "Crescent Grove Advisors' principal office is in Lake Forest, IL, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Crescent Grove Advisors registered with the SEC or a state?",
      "a": "Crescent Grove Advisors is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 170912."
    },
    {
      "q": "How much does Crescent Grove Advisors manage?",
      "a": "Crescent Grove Advisors reports $5,504,086,413 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (99% discretionary)."
    },
    {
      "q": "How have Crescent Grove Advisors' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Crescent Grove Advisors: Regulatory assets under management: $3,695,568,091 in the October 2021 data and $5,504,086,413 in the October 2026 data, up 49%. Total employees: 29 in October 2021 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Crescent Grove Advisors serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (290); individuals (other than high net worth individuals) (35); other (33)."
    },
    {
      "q": "Which custodians does Crescent Grove Advisors use?",
      "a": "Crescent Grove Advisors' 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."
    },
    {
      "q": "Does Crescent Grove Advisors 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/170912"
    },
    {
      "q": "What changed in Crescent Grove Advisors' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $4,996,271,684 to $5,504,086,413 (+10%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 3695568091.0,
      "total_employees": 29,
      "filing_date": "2021-03-10"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 4354808217.0,
      "total_employees": 31,
      "filing_date": "2022-03-18"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3912910263.0,
      "total_employees": 32,
      "filing_date": "2023-07-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 4455148440.0,
      "total_employees": 34,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 4996271684.0,
      "total_employees": 34,
      "filing_date": "2025-07-07"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 5504086413.0,
      "total_employees": 34,
      "filing_date": "2026-03-26"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $4,996,271,684 to $5,504,086,413 (+10%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 26, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $3,000 to $150,000 a year (financial planning and consulting services)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $3,000 to $150,000 a year (financial planning and consulting services)"
        ],
        "quotes": [
          "Crescent Grove Advisors generally charges a fixed annual fee for providing financial planning and consulting services. These fees are negotiable, but typically range from $3,000 to $150,000 per year"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 3000.0,
          "max": 150000.0,
          "period": "annual",
          "service": "financial planning and consulting services"
        }
      ]
    },
    "quotes": [
      "Crescent Grove Advisors generally charges a fixed annual fee for providing financial planning and consulting services. These fees are negotiable, but typically range from $3,000 to $150,000 per year"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL 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/crescent-grove-advisors-lake-forest-il-170912.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 35,
      "fewer_than_5": false,
      "raum": 30261095.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 290,
      "fewer_than_5": false,
      "raum": 5113561269.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 19,
      "fewer_than_5": false,
      "raum": 176052017.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 5,
      "fewer_than_5": false,
      "raum": 91348856.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 33,
      "fewer_than_5": false,
      "raum": 92863176.0
    }
  ],
  "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/170912",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}