# Investment Consulting Services, LLC

> Investment Consulting Services, LLC is an SEC-registered investment advisory firm in Lombard, IL, registered since 2002, reporting under $25 million in regulatory assets under management in its Form ADV filing dated February 6, 2026.

- CRD: 122064
- Filed as: INVESTMENT CONSULTING SERVICES, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lombard, IL
- Filing period: October 2026
- Form ADV filing dated: February 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/122064
- AdvisorCensus page: https://advisorcensus.com/firm/investment-consulting-services-llc-lombard-il-122064

## Quick answers

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

**Where is Investment Consulting Services, LLC located?**
Investment Consulting Services, LLC's principal office is in Lombard, IL, according to its Form ADV.

**Is Investment Consulting Services, LLC registered with the SEC or a state?**
Investment Consulting Services, LLC is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 122064.

**How much does Investment Consulting Services, LLC manage?**
Investment Consulting Services, LLC reports $0 in regulatory assets under management in its Form ADV filing dated February 6, 2026.

**How have Investment Consulting Services, LLC's assets and staff changed since 2021?**
In the Form ADV data for Investment Consulting Services, LLC: Regulatory assets under management: $0 in the October 2025 data and $0 in the October 2026 data. Total employees: 6 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Investment Consulting Services, LLC serve?**
By number of clients on Form ADV Item 5.D: other (36); pension and profit sharing plans (but not the plan participants or government pension plans) (30); high net worth individuals (6).

**Does Investment Consulting Services, 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/122064

**Does Investment Consulting Services, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated February 6, 2026 says: "Our minimum account size requirement is $500,000 to open or maintain an account under our management. ICS may reduce or waive the minimum account size requirement on a case -by-case basis."

**What changed in Investment Consulting Services, LLC's recent Form ADV filings?**
In the January 2026 filing data: No longer registered or notice-filed in AL, AR, CT, MI, OH, OK, TX, WI.

## 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 February 6, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> Our minimum account size requirement is $500,000 to open or maintain an account under our management. ICS may reduce or waive the minimum account size requirement on a case -by-case basis.

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

### Regulatory assets under management (Item 5.F)
- Total: $0
- Discretionary: $0
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 6 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 30 | Not reported |
| Charitable organizations | 1 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 36 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Other

### Firm details
- Registered since: 2002 (24 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL, IN, KS, LA, MN, MO, ND, NJ, NY, PA, TN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- icsllc.org

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | 6 | August 17, 2021 |
| October 2022 | Not reported | 6 | March 31, 2022 |
| October 2023 | Not reported | 6 | March 8, 2023 |
| October 2024 | Not reported | 3 | August 12, 2024 |
| October 2025 | $0 | 3 | March 20, 2025 |
| October 2026 | $0 | 3 | February 6, 2026 |

Regulatory assets under management: $0 in the October 2025 data and $0 in the October 2026 data.
Total employees: 6 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### January 2026
- No longer registered or notice-filed in AL, AR, CT, MI, OH, OK, TX, WI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Investment Consulting Services, LLC (CRD 122064): Form ADV filing data as of October 2026.