{
  "crd_number": 106967,
  "slug": "investment-consulting-group-inc-davenport-ia-106967",
  "primary_business_name": "INVESTMENT CONSULTING GROUP INC",
  "legal_name": "INVESTMENT CONSULTING GROUP INC",
  "dbas": [],
  "city": "Davenport",
  "state": "IA",
  "country": "United States",
  "cbsa_code": "19340",
  "metro": {
    "cbsa_code": "19340",
    "common_name": "Davenport",
    "msa_name": "Davenport-Moline-Rock Island, IA-IL",
    "path": "/advisors/ia/davenport"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1991-01-31",
  "years_registered": 35,
  "period": "2026-10-01",
  "filing_date": "2026-08-24",
  "carried_forward": false,
  "raum_total": 2840654290.0,
  "raum_discretionary": 0.0,
  "raum_non_discretionary": 2840654290.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 7,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 185284030.0,
      "count": 5,
      "description": "SELF-FUNDED HEALTH CARE PLANS"
    },
    "charitable": {
      "raum": 31243736.0,
      "count": 6
    },
    "individuals": {
      "raum": 22727626.0,
      "count": 53
    },
    "insurance_companies": {
      "raum": 5416873.0,
      "count": null,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 2208248792.0,
      "count": 28
    },
    "high_net_worth_individuals": {
      "raum": 325626646.0,
      "count": 71
    },
    "corporations_other_businesses": {
      "raum": 62106587.0,
      "count": 16
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "IA",
    "IL",
    "NE",
    "NY",
    "TX"
  ],
  "websites": [
    "https://icginc.co",
    "https://investmentconsultinggroupinc.com",
    "https://linkedin.com/in/don-stanforth-76104713",
    "https://linkedin.com/in/ross-stanforth-1a35697"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106967",
  "city_as_filed": "DAVENPORT",
  "url": "https://advisorcensus.com/firm/investment-consulting-group-inc-davenport-ia-106967",
  "display_name": "Investment Consulting Group Inc",
  "summary": "Investment Consulting Group Inc is an SEC-registered investment advisory firm in Davenport, IA, registered since 1991, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 24, 2026.",
  "citation": "AdvisorCensus. Investment Consulting Group Inc (CRD 106967): 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",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Investment Consulting Group Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Investment Consulting Group Inc reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Investment Consulting Group Inc located?",
      "a": "Investment Consulting Group Inc's principal office is in Davenport, IA, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Investment Consulting Group Inc registered with the SEC or a state?",
      "a": "Investment Consulting Group Inc is an SEC-registered investment advisory firm, registered since 1991. Status as filed: Approved. CRD 106967."
    },
    {
      "q": "How much does Investment Consulting Group Inc manage?",
      "a": "Investment Consulting Group Inc reports $2,840,654,290 in regulatory assets under management in its Form ADV filing dated August 24, 2026 (0% discretionary)."
    },
    {
      "q": "How have Investment Consulting Group Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Investment Consulting Group Inc: Regulatory assets under management: $2,382,350,519 in the October 2021 data and $2,840,654,290 in the October 2026 data, up 19%. Total employees: 2 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Investment Consulting Group Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (71); individuals (other than high net worth individuals) (53); pension and profit sharing plans (but not the plan participants or government pension plans) (28)."
    },
    {
      "q": "Which custodians does Investment Consulting Group Inc use?",
      "a": "Investment Consulting Group Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fnbo, Quad City Bank & Trust and Vanguard Group Inc as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Investment Consulting Group 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/106967"
    },
    {
      "q": "What changed in Investment Consulting Group Inc's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Employees performing advisory functions went from 2 to 3. Added an office in Fairport, NY. Registered or notice-filed in NY."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2382350519.0,
      "total_employees": 2,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 2714659309.0,
      "total_employees": 2,
      "filing_date": "2022-03-11"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 2104639015.0,
      "total_employees": 2,
      "filing_date": "2023-09-26"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 2378969762.0,
      "total_employees": 2,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2600394647.0,
      "total_employees": 7,
      "filing_date": "2025-03-13"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2840654290.0,
      "total_employees": 7,
      "filing_date": "2026-08-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Employees performing advisory functions went from 2 to 3.",
        "Added an office in Fairport, NY.",
        "Registered or notice-filed in NY."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in IN."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fnbo",
      "name_as_filed": "FNBO",
      "affiliated": false
    },
    {
      "name": "Quad City Bank & Trust",
      "name_as_filed": "QUAD CITY BANK & TRUST",
      "affiliated": false
    },
    {
      "name": "Vanguard Group Inc",
      "name_as_filed": "VANGUARD GROUP 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/investment-consulting-group-inc-davenport-ia-106967.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 53,
      "fewer_than_5": false,
      "raum": 22727626.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 71,
      "fewer_than_5": false,
      "raum": 325626646.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 28,
      "fewer_than_5": false,
      "raum": 2208248792.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 6,
      "fewer_than_5": false,
      "raum": 31243736.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 5416873.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 16,
      "fewer_than_5": false,
      "raum": 62106587.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 5,
      "fewer_than_5": false,
      "raum": 185284030.0
    }
  ],
  "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/106967",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}