# Shoker Investments

> Shoker Investments is an SEC-registered investment advisory firm, registered since 1990, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 23, 2026.

- CRD: 107857
- Filed as: SHOKER INVESTMENTS
- Legal name: Shoker Investment Counsel Inc.
- Also doing business as: SHOKER INVESTMENTS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107857
- AdvisorCensus page: https://advisorcensus.com/firm/shoker-investments-107857

## Quick answers

**How is Shoker Investments compensated?**
On its Form ADV (Item 5.E, October 2026), Shoker Investments reports these compensation arrangements: a percentage of assets under its management.

**Is Shoker Investments registered with the SEC or a state?**
Shoker Investments is an SEC-registered investment advisory firm, registered since 1990. Status as filed: Approved. CRD 107857.

**How much does Shoker Investments manage?**
Shoker Investments reports $510,758,273 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary).

**How have Shoker Investments' assets and staff changed since 2021?**
In the Form ADV data for Shoker Investments: Regulatory assets under management: $271,178,665 in the October 2021 data and $510,758,273 in the October 2026 data, up 88%. Total employees: 5 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Shoker Investments serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (105); individuals (other than high net worth individuals) (87); pension and profit sharing plans (but not the plan participants or government pension plans) (1).

**Which custodians does Shoker Investments use?**
Shoker Investments' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Shoker Investments 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/107857

**Does Shoker Investments state an account minimum?**
Its Form ADV Part 2A brochure dated March 23, 2026 says: "The recommended minimum client net worth for investment management is $2,000,000. Shoker Investment Counsel, Inc. has the discretion to waive the client net worth recommended minimum and does for immediate family members of existing clients where appropriate."

**What changed in Shoker Investments' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $420,742,890 to $510,758,273 (+21%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 23, 2026)

- Account minimum: $2,000,000 (the brochure says it may be waived or negotiated)

> The recommended minimum client net worth for investment management is $2,000,000. Shoker Investment Counsel, Inc. has the discretion to waive the client net worth recommended minimum and does for immediate family members of existing clients where appropriate.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., 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: $510,758,273
- Discretionary: $510,758,273
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 87 | $30,028,543 |
| High net worth individuals | 105 | $471,758,277 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | Not reported |
| Charitable organizations | 1 | $4,234,437 |
| State or municipal government entities (including government pension plans) | 1 | $4,392,128 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $344,888 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Publication of periodicals or newsletters

### Firm details
- Registered since: 1990 (36 years)
- Employees: 6 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, IL, IN, KY, OH, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- shoker.com
- LinkedIn @RANDALL-SHOKER-5653B31B

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $271,178,665 | 5 | May 27, 2021 |
| October 2022 | $312,982,986 | 5 | March 21, 2022 |
| October 2023 | $339,701,378 | 5 | March 23, 2023 |
| October 2024 | $385,096,700 | 5 | August 16, 2024 |
| October 2025 | $420,742,890 | 5 | March 31, 2025 |
| October 2026 | $510,758,273 | 6 | March 23, 2026 |

Regulatory assets under management: $271,178,665 in the October 2021 data and $510,758,273 in the October 2026 data, up 88%.
Total employees: 5 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $420,742,890 to $510,758,273 (+21%).

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Shoker Investments (CRD 107857): Form ADV filing data as of October 2026.