# Investment Consultants LLC

> Investment Consultants LLC is an SEC-registered investment advisory firm, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 23, 2026.

- CRD: 314810
- Filed as: INVESTMENT CONSULTANTS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/314810
- AdvisorCensus page: https://advisorcensus.com/firm/investment-consultants-llc-314810

## Quick answers

**How is Investment Consultants LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Investment Consultants LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**How much does Investment Consultants LLC charge?**
Its Form ADV Part 2A brochure dated March 23, 2026 states: Asset-based fee: 0.4% to 0.8% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Is Investment Consultants LLC registered with the SEC or a state?**
Investment Consultants LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 314810.

**How much does Investment Consultants LLC manage?**
Investment Consultants LLC reports $122,727,571 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (0% discretionary).

**How have Investment Consultants LLC's assets and staff changed since 2021?**
In the Form ADV data for Investment Consultants LLC: Regulatory assets under management: $235,603,760 in the October 2021 data and $122,727,571 in the October 2026 data, down 48%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Investment Consultants LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (7); other (2); individuals (other than high net worth individuals) (1).

**Which custodians does Investment Consultants LLC use?**
Investment Consultants LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Merrill Lynch, Pierce, Fenner & Smith Incorporated and Principal Trust Company as custodians holding 10% or more of its separately managed account assets.

**Does Investment Consultants LLC 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/314810

**What changed in Investment Consultants LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $157,160,681 to $122,727,571 (-22%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 23, 2026)

- Asset-based fee: 0.4% to 0.8% a year (a range, as the brochure states it)

> The fees typically range between 0.40% and 0.80% (annualized), are on-going in term and they are negotiable based on the scope of services and portfolio asset size.

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

### Custodians (Schedule D, Section 5.K(3))
- Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Principal Trust Company

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: $122,727,571
- Discretionary: $0
- Non-discretionary: $122,727,571

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1 | $234,635 |
| High net worth individuals | 7 | $11,531,175 |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $94,884,525 |
| Charitable organizations | Fewer than 5 | Not reported |
| State or municipal government entities (including government pension plans) | Fewer than 5 | Not reported |
| Other investment advisers | Fewer than 5 | Not reported |
| Insurance companies | Fewer than 5 | Not reported |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | Not reported |
| Corporations or other businesses not listed above | Fewer than 5 | Not reported |
| Other | 2 | $16,077,236 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2021 (5 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $235,603,760 | 1 | May 5, 2021 |
| October 2022 | $179,953,927 | 1 | February 11, 2022 |
| October 2023 | $152,836,735 | 1 | March 17, 2023 |
| October 2024 | $144,122,034 | 1 | February 26, 2024 |
| October 2025 | $157,160,681 | 1 | February 18, 2025 |
| October 2026 | $122,727,571 | 1 | March 23, 2026 |

Regulatory assets under management: $235,603,760 in the October 2021 data and $122,727,571 in the October 2026 data, down 48%.
Total employees: 1 in October 2021 and 1 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $157,160,681 to $122,727,571 (-22%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Investment Consultants LLC (CRD 314810): Form ADV filing data as of October 2026.