{
  "crd_number": 21572,
  "slug": "marquette-associates-inc-chicago-il-21572",
  "primary_business_name": "MARQUETTE ASSOCIATES, INC.",
  "legal_name": "MARQUETTE ASSOCIATES, INC.",
  "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": "1997-03-25",
  "years_registered": 29,
  "period": "2026-10-01",
  "filing_date": "2026-05-15",
  "carried_forward": false,
  "raum_total": 47058531850.0,
  "raum_discretionary": 29520628869.0,
  "raum_non_discretionary": 17537902981.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 147,
  "advisory_employees": 64,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 2335704024.0,
      "count": 19,
      "description": "TAFT-HARTLEY HEALTH & WELFARE SELF-INSURANCE"
    },
    "charitable": {
      "raum": 17164234633.0,
      "count": 143
    },
    "individuals": {
      "raum": 0.0,
      "count": 0
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 5342126597.0,
      "count": 52
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 17234531638.0,
      "count": 29
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 4933735482.0,
      "count": 103
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 48199476.0,
      "count": 2,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": null,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "other",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "DC",
    "DE",
    "FL",
    "GA",
    "IA",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "MI",
    "MN",
    "MO",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NY",
    "OH",
    "PA",
    "TN",
    "TX",
    "VA",
    "WI"
  ],
  "websites": [
    "https://linkedin.com/company/marquette-associates",
    "https://marquetteassociates.com",
    "https://twitter.com/MARQUETTEVIEW",
    "https://youtube.com/channel/UC7CydePy9UHS-hxYUOhpQrA"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/21572",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/marquette-associates-inc-chicago-il-21572",
  "display_name": "Marquette Associates, Inc.",
  "summary": "Marquette Associates, Inc. is an SEC-registered investment advisory firm in Chicago, IL, registered since 1997, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 15, 2026.",
  "citation": "AdvisorCensus. Marquette Associates, Inc. (CRD 21572): 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)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Marquette Associates, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Marquette Associates, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other."
    },
    {
      "q": "How much does Marquette Associates, Inc. charge?",
      "a": "Its Form ADV Part 2A brochure dated May 15, 2026 states: Asset-based fee: 0.05% to 0.9% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Marquette Associates, Inc. located?",
      "a": "Marquette Associates, Inc.'s principal office is in Chicago, IL, according to its Form ADV; the June 2026 filing also lists 4 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Marquette Associates, Inc. registered with the SEC or a state?",
      "a": "Marquette Associates, Inc. is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 21572."
    },
    {
      "q": "How much does Marquette Associates, Inc. manage?",
      "a": "Marquette Associates, Inc. reports $47,058,531,850 in regulatory assets under management in its Form ADV filing dated May 15, 2026 (63% discretionary)."
    },
    {
      "q": "How have Marquette Associates, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Marquette Associates, Inc.: Regulatory assets under management: $10,335,239,911 in the October 2021 data and $47,058,531,850 in the October 2026 data, up 355%. Total employees: 110 in October 2021 and 147 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Marquette Associates, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: charitable organizations (143); high net worth individuals (103); state or municipal government entities (including government pension plans) (52)."
    },
    {
      "q": "Which custodians does Marquette Associates, Inc. use?",
      "a": "Marquette Associates, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Midwest Institutional Trust Services, Principal Bank and U.S. Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Marquette Associates, 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/21572"
    },
    {
      "q": "Does Marquette Associates, Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated May 15, 2026 says: \"MAI does not have a minimum account size.\""
    },
    {
      "q": "What changed in Marquette Associates, Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 57 to 64. Regulatory assets under management went from $35,573,596,704 to $47,058,531,850 (+32%). Registered or notice-filed in CA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 10335239911.0,
      "total_employees": 110,
      "filing_date": "2021-08-10"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 13402983810.0,
      "total_employees": 116,
      "filing_date": "2022-03-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 13307527240.0,
      "total_employees": 137,
      "filing_date": "2023-03-24"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 22953418640.0,
      "total_employees": 132,
      "filing_date": "2024-08-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 35573596704.0,
      "total_employees": 140,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 47058531850.0,
      "total_employees": 147,
      "filing_date": "2026-05-15"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 57 to 64.",
        "Regulatory assets under management went from $35,573,596,704 to $47,058,531,850 (+32%).",
        "Registered or notice-filed in CA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated May 15, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.05% to 0.9% a year",
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.05% to 0.9% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Fee percentages may range from .05% to .90% of assets under advisement or management on an annual basis."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "MAI does not have a minimum account size."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.05,
        0.9
      ],
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Fee percentages may range from .05% to .90% of assets under advisement or management on an annual basis.",
      "MAI does not have a minimum account size."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Midwest Institutional Trust Services",
      "name_as_filed": "MIDWEST INSTITUTIONAL TRUST SERVICES",
      "affiliated": false
    },
    {
      "name": "Principal Bank",
      "name_as_filed": "PRINCIPAL BANK",
      "affiliated": false
    },
    {
      "name": "U.S. Bank",
      "name_as_filed": "U.S. BANK",
      "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/marquette-associates-inc-chicago-il-21572.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 103,
      "fewer_than_5": false,
      "raum": 4933735482.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 29,
      "fewer_than_5": false,
      "raum": 17234531638.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 143,
      "fewer_than_5": false,
      "raum": 17164234633.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 52,
      "fewer_than_5": false,
      "raum": 5342126597.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 2,
      "fewer_than_5": true,
      "raum": 48199476.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 19,
      "fewer_than_5": false,
      "raum": 2335704024.0
    }
  ],
  "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/21572",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}