# Institutional Capital Management, Inc.

> 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.

- CRD: 108986
- Filed as: INSTITUTIONAL CAPITAL MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/108986
- AdvisorCensus page: https://advisorcensus.com/firm/institutional-capital-management-inc-108986

## Quick answers

**How is Institutional Capital Management, Inc. compensated?**
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).

**How much does Institutional Capital Management, Inc. charge?**
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.

**Is Institutional Capital Management, Inc. registered with the SEC or a state?**
Institutional Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 108986.

**How much does Institutional Capital Management, Inc. manage?**
Institutional Capital Management, Inc. reports $605,000,000 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (6% discretionary).

**How have Institutional Capital Management, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does Institutional Capital Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (10).

**Which custodians does Institutional Capital Management, Inc. use?**
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.

**Does Institutional Capital Management, 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/108986

**What changed in Institutional Capital Management, Inc.'s recent Form ADV filings?**
In the January 2026 filing data: No longer registered or notice-filed in MI.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Hourly rate: $350 an hour (services rendered)

> 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.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $605,000,000
- Discretionary: $38,000,000
- Non-discretionary: $567,000,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| State or municipal government entities (including government pension plans) | 10 | $605,000,000 |

### Advisory services (Item 5.G)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1999 (26 years)
- Employees: 2 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $410,000,000 | 2 | March 30, 2021 |
| October 2022 | $466,000,000 | 2 | February 17, 2022 |
| October 2023 | $472,000,000 | 2 | March 1, 2023 |
| October 2024 | $497,000,000 | 2 | March 19, 2024 |
| October 2025 | $584,000,000 | 2 | June 27, 2025 |
| October 2026 | $605,000,000 | 2 | March 27, 2026 |

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.

## Changes in the filing (last 12 months)

### January 2026
- No longer registered or notice-filed in MI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Institutional Capital Management, Inc. (CRD 108986): Form ADV filing data as of October 2026.