{
  "crd_number": 519,
  "slug": "lincoln-investment-fort-washington-pa-519",
  "primary_business_name": "LINCOLN INVESTMENT",
  "legal_name": "LINCOLN INVESTMENT PLANNING, LLC",
  "dbas": [
    "CMW",
    "CREATING AND MANAGING WEALTH",
    "FINANCIAL DIRECTORS",
    "GABOR FINANCIAL SOLUTIONS",
    "SHELGREN FINANCIAL GROUP",
    "THE GABOR AGENCY",
    "THE LEGEND GROUP",
    "THE LINCOLN INVESTMENT COMPANIES",
    "THE VOYAGER GROUP"
  ],
  "city": "Fort Washington",
  "state": "PA",
  "country": "United States",
  "cbsa_code": "37980",
  "metro": {
    "cbsa_code": "37980",
    "common_name": "Philadelphia",
    "msa_name": "Philadelphia-Camden-Wilmington, PA-NJ-DE-MD",
    "path": "/advisors/pa/philadelphia"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1978-09-11",
  "years_registered": 48,
  "period": "2026-10-01",
  "filing_date": "2026-07-20",
  "carried_forward": false,
  "raum_total": 21994851422.0,
  "raum_discretionary": 12945459856.0,
  "raum_non_discretionary": 9049391566.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 1238,
  "advisory_employees": 874,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 38069096.0,
      "count": 41
    },
    "individuals": {
      "raum": 17421790481.0,
      "count": 133528
    },
    "banking_thrift": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 30346046.0,
      "count": 15
    },
    "other_investment_advisers": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 4301655180.0,
      "count": 4604
    },
    "corporations_other_businesses": {
      "raum": 202990619.0,
      "count": 181
    },
    "sovereign_wealth_foreign_official": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 7,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://cmwfinancial.com",
    "https://facebook.com/LINCOLNINVESTMENT",
    "https://facebook.com/cmwfinancial",
    "https://facebook.com/lincolninvestmentnova",
    "https://facebook.com/shelgrenfinancial",
    "https://financial-directors.com",
    "https://gaborfs.com",
    "https://instagram.com/lincolninvestment",
    "https://lincolninvestment.com",
    "https://linkedin.com/company/creating-and-managing-wealth-llc",
    "https://linkedin.com/company/financial-directors-llc",
    "https://linkedin.com/company/gabor-financial-solutions",
    "https://linkedin.com/company/lincoln-investment-planning",
    "https://linkedin.com/company/the-legend-group",
    "https://shelgrenfinancial.com",
    "https://twitter.com/LINCOLNINVEST",
    "https://voyagergroupltd.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/519",
  "disclosure_items": [
    {
      "item": "11.A(2)",
      "question": "In the past ten years, has the firm or an advisory affiliate been charged with a felony?"
    },
    {
      "item": "11.C(1)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?"
    },
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    },
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    }
  ],
  "city_as_filed": "FORT WASHINGTON",
  "url": "https://advisorcensus.com/firm/lincoln-investment-fort-washington-pa-519",
  "display_name": "Lincoln Investment",
  "summary": "Lincoln Investment is an SEC-registered investment advisory firm in Fort Washington, PA, registered since 1978, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 20, 2026.",
  "citation": "AdvisorCensus. Lincoln Investment (CRD 519): 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)",
    "Commissions"
  ],
  "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",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Lincoln Investment compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Lincoln Investment reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); commissions. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Lincoln Investment located?",
      "a": "Lincoln Investment's principal office is in Fort Washington, PA, according to its Form ADV; the August 2026 filing also lists 25 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Lincoln Investment registered with the SEC or a state?",
      "a": "Lincoln Investment is an SEC-registered investment advisory firm, registered since 1978. Status as filed: Approved. CRD 519."
    },
    {
      "q": "How much does Lincoln Investment manage?",
      "a": "Lincoln Investment reports $21,994,851,422 in regulatory assets under management in its Form ADV filing dated July 20, 2026 (59% discretionary)."
    },
    {
      "q": "How have Lincoln Investment's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Lincoln Investment: Regulatory assets under management: $15,286,555,211 in the October 2021 data and $21,994,851,422 in the October 2026 data, up 44%. Total employees: 1,317 in October 2021 and 1,238 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Lincoln Investment serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (133,528); high net worth individuals (4,604); corporations or other businesses not listed above (181)."
    },
    {
      "q": "Which custodians does Lincoln Investment use?",
      "a": "Lincoln Investment's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Lincoln Investment report any disciplinary disclosures?",
      "a": "Reports 7 disclosure items on Form ADV Item 11: yes answers to 1 question about criminal matters and 6 questions about regulatory matters (11.A(2), 11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.E(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/519"
    },
    {
      "q": "What changed in Lincoln Investment's recent Form ADV filings?",
      "a": "In the May 2026 filing data: Registered or notice-filed in WY."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 15286555211.0,
      "total_employees": 1317,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 17732411365.0,
      "total_employees": 1314,
      "filing_date": "2022-08-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 15355839022.0,
      "total_employees": 1294,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 17218143141.0,
      "total_employees": 1297,
      "filing_date": "2024-04-18"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 18904482714.0,
      "total_employees": 1293,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 21994851422.0,
      "total_employees": 1238,
      "filing_date": "2026-07-20"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Registered or notice-filed in WY."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Added the business name The Lincoln Investment Companies.",
        "Added the business name Creating and Managing Wealth.",
        "Added the business name The Voyager Group.",
        "Added the business name CMW.",
        "Employees performing advisory functions went from 894 to 874.",
        "Regulatory assets under management went from $18,904,482,714 to $21,994,851,422 (+16%).",
        "Added an office in Atlanta, GA.",
        "Added an office in Jacksonville, FL.",
        "Added an office in Joliet, IL.",
        "Added an office in Worcester, MA.",
        "No longer lists an office in Bohemia, NY.",
        "No longer lists an office in Cranford, NJ.",
        "No longer lists an office in Waltham, MA.",
        "No longer lists an office in Wexford, PA."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "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/lincoln-investment-fort-washington-pa-519.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 133528,
      "fewer_than_5": false,
      "raum": 17421790481.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 4604,
      "fewer_than_5": false,
      "raum": 4301655180.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 15,
      "fewer_than_5": false,
      "raum": 30346046.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 41,
      "fewer_than_5": false,
      "raum": 38069096.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 181,
      "fewer_than_5": false,
      "raum": 202990619.0
    }
  ],
  "disclosure_line": "Reports 7 disclosure items on Form ADV Item 11.",
  "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/519",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}