{ "crd_number": 114003, "slug": "lincoln-advisory-group-llc-chicago-il-114003", "primary_business_name": "LINCOLN ADVISORY GROUP, LLC", "legal_name": "LINCOLN ADVISORY GROUP, LLC", "dbas": [], "city": "Chicago", "state": "IL", "country": "United States", "cbsa_code": "16980", "metro": { "cbsa_code": "16980", "common_name": "Chicago", "msa_name": "Chicago-Naperville-Elgin, IL-IN", "path": "/advisors/il/chicago" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2001-12-28", "years_registered": 24, "period": "2026-10-01", "filing_date": "2026-03-24", "carried_forward": false, "raum_total": 3222793844.0, "raum_discretionary": 3222793844.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 11, "advisory_employees": 9, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "state_municipal": { "raum": 3222793844.0, "count": null, "fewer_than_5": true } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "IL" ], "websites": [ "https://lincolnadvisors.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/114003", "city_as_filed": "CHICAGO", "url": "https://advisorcensus.com/firm/lincoln-advisory-group-llc-chicago-il-114003", "display_name": "Lincoln Advisory Group, LLC", "summary": "Lincoln Advisory Group, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2001, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 24, 2026.", "citation": "AdvisorCensus. Lincoln Advisory Group, LLC (CRD 114003): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Lincoln Advisory Group, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Lincoln Advisory Group, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is Lincoln Advisory Group, LLC located?", "a": "Lincoln Advisory Group, LLC's principal office is in Chicago, IL, according to its Form ADV." }, { "q": "Is Lincoln Advisory Group, LLC registered with the SEC or a state?", "a": "Lincoln Advisory Group, LLC is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 114003." }, { "q": "How much does Lincoln Advisory Group, LLC manage?", "a": "Lincoln Advisory Group, LLC reports $3,222,793,844 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (100% discretionary)." }, { "q": "How have Lincoln Advisory Group, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Lincoln Advisory Group, LLC: Regulatory assets under management: $1,733,728,528 in the October 2021 data and $3,222,793,844 in the October 2026 data, up 86%. Total employees: 8 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "Does Lincoln Advisory Group, LLC 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/114003" }, { "q": "What changed in Lincoln Advisory Group, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 8 to 9." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1733728528.0, "total_employees": 8, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2272998206.0, "total_employees": 11, "filing_date": "2022-03-30" }, { "period": "2023-10-01", "regulatory_assets_under_management": 2896931217.0, "total_employees": 11, "filing_date": "2023-08-07" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2987339005.0, "total_employees": 10, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 3150121588.0, "total_employees": 10, "filing_date": "2025-07-23" }, { "period": "2026-10-01", "regulatory_assets_under_management": 3222793844.0, "total_employees": 11, "filing_date": "2026-03-24" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 8 to 9." ] }, { "period": "2026-01-01", "period_label": "January 2026", "notes": [ "No longer registered or notice-filed in TX." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/lincoln-advisory-group-llc-chicago-il-114003.md", "clients": [ { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": null, "fewer_than_5": true, "raum": 3222793844.0 } ], "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/114003", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }