# Investment Consulting Group Inc

> 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.

- CRD: 106967
- Filed as: INVESTMENT CONSULTING GROUP INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Davenport, IA
- Filing period: October 2026
- Form ADV filing dated: August 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106967
- AdvisorCensus page: https://advisorcensus.com/firm/investment-consulting-group-inc-davenport-ia-106967

## Quick answers

**How is Investment Consulting Group Inc compensated?**
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).

**Where is Investment Consulting Group Inc located?**
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).

**Is Investment Consulting Group Inc registered with the SEC or a state?**
Investment Consulting Group Inc is an SEC-registered investment advisory firm, registered since 1991. Status as filed: Approved. CRD 106967.

**How much does Investment Consulting Group Inc manage?**
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).

**How have Investment Consulting Group Inc's assets and staff changed since 2021?**
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.

**What types of clients does Investment Consulting Group Inc serve?**
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).

**Which custodians does Investment Consulting Group Inc use?**
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.

**Does Investment Consulting Group 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/106967

**What changed in Investment Consulting Group Inc's recent Form ADV filings?**
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.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fnbo
- Quad City Bank & Trust
- Vanguard Group 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: $2,840,654,290
- Discretionary: $0
- Non-discretionary: $2,840,654,290

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 53 | $22,727,626 |
| High net worth individuals | 71 | $325,626,646 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 28 | $2,208,248,792 |
| Charitable organizations | 6 | $31,243,736 |
| Insurance companies | Fewer than 5 | $5,416,873 |
| Corporations or other businesses not listed above | 16 | $62,106,587 |
| Other | 5 | $185,284,030 |

### 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
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 1991 (35 years)
- Employees: 7 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, IA, IL, NE, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Fairport, NY

### Websites listed on Form ADV (Item 1.I)
- icginc.co
- investmentconsultinggroupinc.com
- LinkedIn @don-stanforth-76104713
- LinkedIn @ross-stanforth-1a35697

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,382,350,519 | 2 | March 29, 2021 |
| October 2022 | $2,714,659,309 | 2 | March 11, 2022 |
| October 2023 | $2,104,639,015 | 2 | September 26, 2023 |
| October 2024 | $2,378,969,762 | 2 | March 27, 2024 |
| October 2025 | $2,600,394,647 | 7 | March 13, 2025 |
| October 2026 | $2,840,654,290 | 7 | August 24, 2026 |

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.

## Changes in the filing (last 12 months)

### September 2026
- Employees performing advisory functions went from 2 to 3.
- Added an office in Fairport, NY.
- Registered or notice-filed in NY.

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Investment Consulting Group Inc (CRD 106967): Form ADV filing data as of October 2026.