{ "crd_number": 129609, "slug": "thompson-investment-management-inc-madison-wi-129609", "primary_business_name": "THOMPSON INVESTMENT MANAGEMENT, INC.", "legal_name": "THOMPSON INVESTMENT MANAGEMENT, INC.", "dbas": [], "city": "Madison", "state": "WI", "country": "United States", "cbsa_code": "31540", "metro": { "cbsa_code": "31540", "common_name": "Madison", "msa_name": "Madison, WI", "path": "/advisors/wi/madison" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2003-12-05", "years_registered": 22, "period": "2026-10-01", "filing_date": "2026-09-11", "carried_forward": false, "raum_total": 3084417000.0, "raum_discretionary": 3084417000.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 17, "advisory_employees": 6, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 69384000.0, "count": 10 }, "individuals": { "raum": 79210000.0, "count": 288 }, "investment_companies": { "raum": 2147518000.0, "count": 1 }, "pension_profit_sharing": { "raum": 106795000.0, "count": 33 }, "high_net_worth_individuals": { "raum": 681501000.0, "count": 153 }, "corporations_other_businesses": { "raum": 9000.0, "count": null, "fewer_than_5": true } }, "compensation_types": [ "fixed", "percentage_of_aum" ], "advisory_activities": [ "pension_consulting", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_investment_companies" ], "wrap_fee_participant": true, "disclosure_yes_count": 0, "states_registered": [ "AZ", "CA", "CO", "FL", "IL", "LA", "MI", "MN", "TX", "WI" ], "websites": [ "https://facebook.com/thompsoninvest", "https://linkedin.com/company/thompson-im-funds-inc-", "https://linkedin.com/company/thompson-investment-management-inc-", "https://thompsonim.com", "https://thompsoninvest.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/129609", "city_as_filed": "MADISON", "url": "https://advisorcensus.com/firm/thompson-investment-management-inc-madison-wi-129609", "display_name": "Thompson Investment Management, Inc.", "summary": "Thompson Investment Management, Inc. is an SEC-registered investment advisory firm in Madison, WI, registered since 2003, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 11, 2026.", "citation": "AdvisorCensus. Thompson Investment Management, Inc. (CRD 129609): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses", "Portfolio management for investment companies (and business development companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Pension consulting services" ], "quick_answers": [ { "q": "How is Thompson Investment Management, Inc. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Thompson Investment Management, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Thompson Investment Management, Inc. located?", "a": "Thompson Investment Management, Inc.'s principal office is in Madison, WI, according to its Form ADV." }, { "q": "Is Thompson Investment Management, Inc. registered with the SEC or a state?", "a": "Thompson Investment Management, Inc. is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 129609." }, { "q": "How much does Thompson Investment Management, Inc. manage?", "a": "Thompson Investment Management, Inc. reports $3,084,417,000 in regulatory assets under management in its Form ADV filing dated September 11, 2026 (100% discretionary)." }, { "q": "How have Thompson Investment Management, Inc.'s assets and staff changed since 2021?", "a": "In the Form ADV data for Thompson Investment Management, Inc.: Regulatory assets under management: $2,979,304,000 in the October 2021 data and $3,084,417,000 in the October 2026 data, up 4%. Total employees: 18 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Thompson Investment Management, Inc. serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (288); high net worth individuals (153); pension and profit sharing plans (but not the plan participants or government pension plans) (33)." }, { "q": "Which custodians does Thompson Investment Management, Inc. use?", "a": "Thompson Investment Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Thompson Investment Management, 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/129609" }, { "q": "What changed in Thompson Investment Management, Inc.'s recent Form ADV filings?", "a": "In the October 2026 filing data: Registered or notice-filed in AZ." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 2979304000.0, "total_employees": 18, "filing_date": "2021-03-30" }, { "period": "2022-10-01", "regulatory_assets_under_management": 3371912000.0, "total_employees": 21, "filing_date": "2022-06-10" }, { "period": "2023-10-01", "regulatory_assets_under_management": 2425678000.0, "total_employees": 19, "filing_date": "2023-04-18" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2135401000.0, "total_employees": 18, "filing_date": "2024-03-20" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2659813000.0, "total_employees": 18, "filing_date": "2025-03-27" }, { "period": "2026-10-01", "regulatory_assets_under_management": 3084417000.0, "total_employees": 17, "filing_date": "2026-09-11" } ], "recent_changes": [ { "period": "2026-10-01", "period_label": "October 2026", "notes": [ "Registered or notice-filed in AZ." ] }, { "period": "2026-09-01", "period_label": "September 2026", "notes": [ "Registered or notice-filed in CA." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $2,659,813,000 to $3,084,417,000 (+16%)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "National Financial Services LLC", "name_as_filed": "NATIONAL FINANCIAL SERVICES 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/thompson-investment-management-inc-madison-wi-129609.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 288, "fewer_than_5": false, "raum": 79210000.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 153, "fewer_than_5": false, "raum": 681501000.0 }, { "type": "investment_companies", "label": "Investment companies", "count": 1, "fewer_than_5": false, "raum": 2147518000.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 33, "fewer_than_5": false, "raum": 106795000.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 10, "fewer_than_5": false, "raum": 69384000.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": null, "fewer_than_5": true, "raum": 9000.0 } ], "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/129609", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }