{
  "crd_number": 108986,
  "slug": "institutional-capital-management-inc-108986",
  "primary_business_name": "INSTITUTIONAL CAPITAL MANAGEMENT, INC.",
  "legal_name": "INSTITUTIONAL CAPITAL MANAGEMENT, INC.",
  "dbas": [],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1999-12-03",
  "years_registered": 26,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 605000000.0,
  "raum_discretionary": 38000000.0,
  "raum_non_discretionary": 567000000.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 2,
  "advisory_employees": 1,
  "client_count_bucket": null,
  "clients_by_type": {
    "state_municipal": {
      "raum": 605000000.0,
      "count": 10
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CO"
  ],
  "websites": [
    "https://thinkicm.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108986",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/institutional-capital-management-inc-108986",
  "display_name": "Institutional Capital Management, Inc.",
  "summary": "Institutional Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 1999, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.",
  "citation": "AdvisorCensus. Institutional Capital Management, Inc. (CRD 108986): 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": [
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Institutional Capital Management, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Institutional Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Institutional Capital Management, Inc. charge?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 states: Hourly rate: $350 an hour (services rendered). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Is Institutional Capital Management, Inc. registered with the SEC or a state?",
      "a": "Institutional Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 108986."
    },
    {
      "q": "How much does Institutional Capital Management, Inc. manage?",
      "a": "Institutional Capital Management, Inc. reports $605,000,000 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (6% discretionary)."
    },
    {
      "q": "How have Institutional Capital Management, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Institutional Capital Management, Inc.: Regulatory assets under management: $410,000,000 in the October 2021 data and $605,000,000 in the October 2026 data, up 48%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Institutional Capital Management, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (10)."
    },
    {
      "q": "Which custodians does Institutional Capital Management, Inc. use?",
      "a": "Institutional Capital Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Institutional Capital Management, Inc. 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/108986"
    },
    {
      "q": "What changed in Institutional Capital Management, Inc.'s recent Form ADV filings?",
      "a": "In the January 2026 filing data: No longer registered or notice-filed in MI."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 410000000.0,
      "total_employees": 2,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 466000000.0,
      "total_employees": 2,
      "filing_date": "2022-02-17"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 472000000.0,
      "total_employees": 2,
      "filing_date": "2023-03-01"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 497000000.0,
      "total_employees": 2,
      "filing_date": "2024-03-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 584000000.0,
      "total_employees": 2,
      "filing_date": "2025-06-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 605000000.0,
      "total_employees": 2,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in MI."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 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": [
      "Hourly rate: $350 an hour (services rendered)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $350 an hour (services rendered)"
        ],
        "quotes": [
          "Clients also have the option to negotiate a fixed fee or select an hourly rate of $350 per hour for services rendered on a monthly or quarterly basis."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 350.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "services rendered"
        }
      ]
    },
    "quotes": [
      "Clients also have the option to negotiate a fixed fee or select an hourly rate of $350 per hour for services rendered on a monthly or quarterly basis."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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/institutional-capital-management-inc-108986.md",
  "clients": [
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 10,
      "fewer_than_5": false,
      "raum": 605000000.0
    }
  ],
  "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/108986",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}