{
  "crd_number": 108147,
  "slug": "dearborn-partners-l-l-c-chicago-il-108147",
  "primary_business_name": "DEARBORN PARTNERS L.L.C.",
  "legal_name": "DEARBORN PARTNERS L.L.C.",
  "dbas": [],
  "city": "Chicago",
  "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": "1997-04-24",
  "years_registered": 29,
  "period": "2026-10-01",
  "filing_date": "2026-03-23",
  "carried_forward": false,
  "raum_total": 2741716548.0,
  "raum_discretionary": 2741716548.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 24,
  "advisory_employees": 13,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 16473876.0,
      "count": 2
    },
    "individuals": {
      "raum": 48982332.0,
      "count": 108
    },
    "investment_companies": {
      "raum": 570326887.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 505595520.0,
      "count": 18
    },
    "other_investment_advisers": {
      "raum": 585493244.0,
      "count": 14
    },
    "high_net_worth_individuals": {
      "raum": 1014844689.0,
      "count": 142
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "FL",
    "GA",
    "IL",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "NC",
    "NH",
    "NJ",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "WA",
    "WI"
  ],
  "websites": [
    "https://dearbornpartners.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108147",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/dearborn-partners-l-l-c-chicago-il-108147",
  "display_name": "Dearborn Partners L.L.C.",
  "summary": "Dearborn Partners L.L.C. is an SEC-registered investment advisory firm in Chicago, IL, registered since 1997, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 23, 2026.",
  "citation": "AdvisorCensus. Dearborn Partners L.L.C. (CRD 108147): 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 investment companies (and business development companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Dearborn Partners L.L.C. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Dearborn Partners L.L.C. reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Dearborn Partners L.L.C. located?",
      "a": "Dearborn Partners L.L.C.'s principal office is in Chicago, IL, according to its Form ADV."
    },
    {
      "q": "Is Dearborn Partners L.L.C. registered with the SEC or a state?",
      "a": "Dearborn Partners L.L.C. is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 108147."
    },
    {
      "q": "How much does Dearborn Partners L.L.C. manage?",
      "a": "Dearborn Partners L.L.C. reports $2,741,716,548 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary)."
    },
    {
      "q": "How have Dearborn Partners L.L.C.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Dearborn Partners L.L.C.: Regulatory assets under management: $3,387,201,154 in the October 2021 data and $2,741,716,548 in the October 2026 data, down 19%. Total employees: 25 in October 2021 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Dearborn Partners L.L.C. serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (142); individuals (other than high net worth individuals) (108); pension and profit sharing plans (but not the plan participants or government pension plans) (18)."
    },
    {
      "q": "Which custodians does Dearborn Partners L.L.C. use?",
      "a": "Dearborn Partners L.L.C.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and J.P. Morgan Securities LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Dearborn Partners L.L.C. 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/108147"
    },
    {
      "q": "What changed in Dearborn Partners L.L.C.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 14 to 13. Regulatory assets under management went from $3,533,103,194 to $2,741,716,548 (-22%). Registered or notice-filed in MA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 3387201154.0,
      "total_employees": 25,
      "filing_date": "2021-09-20"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 4046891535.0,
      "total_employees": 24,
      "filing_date": "2022-03-24"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3564197673.0,
      "total_employees": 28,
      "filing_date": "2023-03-23"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3817339463.0,
      "total_employees": 25,
      "filing_date": "2024-03-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 3533103194.0,
      "total_employees": 25,
      "filing_date": "2025-03-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2741716548.0,
      "total_employees": 24,
      "filing_date": "2026-03-23"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 14 to 13.",
        "Regulatory assets under management went from $3,533,103,194 to $2,741,716,548 (-22%).",
        "Registered or notice-filed in MA."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in DC, ID, IN, KS, MA, MT, NV."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "J.P. Morgan Securities LLC",
      "name_as_filed": "J.P. MORGAN SECURITIES 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/dearborn-partners-l-l-c-chicago-il-108147.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 108,
      "fewer_than_5": false,
      "raum": 48982332.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 142,
      "fewer_than_5": false,
      "raum": 1014844689.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 570326887.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 18,
      "fewer_than_5": false,
      "raum": 505595520.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 2,
      "fewer_than_5": false,
      "raum": 16473876.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 14,
      "fewer_than_5": false,
      "raum": 585493244.0
    }
  ],
  "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/108147",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}