Clients
Advanced Capital Group serves 366 clients, 51 of them high-net-worth individuals. The average client has about $82 million with the firm, and high-net-worth clients hold 7% of its $30 billion in assets.
- High-net-worth individuals51 clients7%
- Pension and profit-sharing plans166 clients86%
- State or municipal government entities31 clients4%
- OtherIndividuals, Banking or thrift institutions, Charitable organizations, Insurance companies, Corporations and other businesses3%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 87 | $40,362,765 | 0.1% | $464K |
| High-net-worth individuals | 51 | $1,959,381,433 | 6.5% | $38.4M |
| Banking or thrift institutions | 1 | $89,389,148 | 0.3% | $89.4M |
| Pension and profit-sharing plans | 166 | $25,907,784,895 | 86.4% | $156.1M |
| Charitable organizations | 3 | $70,584,949 | 0.2% | $23.5M |
| State or municipal government entities | 31 | $1,202,896,518 | 4.0% | $38.8M |
| Insurance companies | 3 | $294,786,399 | 1.0% | $98.3M |
| Corporations and other businesses | 24 | $423,782,657 | 1.4% | $17.7M |
| Total | 366 | $29,988,968,764 | 100% | $81.9M |
- Clients
- 87
- Regulatory AUM
- $40,362,765
- Share
- 0.1%
- Avg. per client
- $464K
- Clients
- 51
- Regulatory AUM
- $1,959,381,433
- Share
- 6.5%
- Avg. per client
- $38.4M
- Clients
- 1
- Regulatory AUM
- $89,389,148
- Share
- 0.3%
- Avg. per client
- $89.4M
- Clients
- 166
- Regulatory AUM
- $25,907,784,895
- Share
- 86.4%
- Avg. per client
- $156.1M
- Clients
- 3
- Regulatory AUM
- $70,584,949
- Share
- 0.2%
- Avg. per client
- $23.5M
- Clients
- 31
- Regulatory AUM
- $1,202,896,518
- Share
- 4.0%
- Avg. per client
- $38.8M
- Clients
- 3
- Regulatory AUM
- $294,786,399
- Share
- 1.0%
- Avg. per client
- $98.3M
- Clients
- 24
- Regulatory AUM
- $423,782,657
- Share
- 1.4%
- Avg. per client
- $17.7M
Total
- Clients
- 366
- Regulatory AUM
- $29,988,968,764
- Share
- 100%
- Avg. per client
- $81.9M
What it does
Advanced Capital Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers and educational seminars. It is paid through a percentage of assets, hourly charges and fixed fees.
Advanced Capital Group provided financial planning to 0 clients last fiscal year and advises no private funds.
5.7% of assets ($1.72B across 157 accounts) are managed with discretion; $28.27B across 209 accounts are not. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks40%
- Funds38%
- Bonds19%
- Investment grade corporate bonds10%
- State and local bonds6%
- U.S. government and agency bonds3%
- Cash1%
Filed values cover 98%. The neutral 2% gap has no reported category.
Custodians
Advanced Capital Group’s client accounts are held mainly at Charles Schwab, with 1% of managed assets, and Fidelity, with 0%. Advanced Capital Group does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $423.2M1%
- OtherFidelity, All other custodians99%
Ownership and leadership
Alera Group, Inc owns 75% or more of Advanced Capital Group, and Charles Langowski is its CEO.
- Owns 75% or more of Advanced Capital Group, Inc.
Alera Group, Inc
Control person · since September 2024
- Owns 75% or more of Alera Group, Inc
Alera Group Intermediate Holdings, LLC
Control person · since December 2016
- Owns 75% or more of Alera Group Intermediate Holdings, LLC
Alera Group Holdings, Inc.
Control person · since December 2016
- Owns 75% or more of Alera Group Holdings, Inc.
Alera Group Ultimate Holdings,llc
Control person · since June 2021
- Owns 25% to 50% of Alera Group Ultimate Holdings,llc
Genstar X Aleragroup Holdings,llc
Control person · since September 2021
Leadership
- Charles LangowskiChief Executive Officer
- Lyndsay KimChief Compliance Officer
- Justin DorseyPrincipal
- Holly KnightRetirement Plan Services Practice Leader
- Patrick LarsonChief Investment Officer
Staff
- 22 employees
- 11 in advisory functions
- 4 state-registered reps
Fees
Advanced Capital Group is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).
Advanced Capital Group’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Advanced Capital Group has 1 office, with 2 listed addresses across 2 states.
Minnesota · 1 listed address
- 50 South Sixth Street, Suite 975, MinneapolisHQ
Missouri · 1 listed address
- 9379 Tiles Ave., Brentwood
Other business names
Advanced Capital Group has reported 3 other business names to the SEC.
- Alera Group Retirement Plan Services
- Alera Group Wealth Services
- Finwell Connect
Registration details
- Legal name
- Advanced Capital Group, Inc.
- Headquarters
- 50 South Sixth Street, Suite 975, Minneapolis, MN 55402
- Phone
- 612-230-3000
- Website
- Not reported
- SEC file
- 801-65944
- Structure
- Minnesota corporation
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Advanced Capital Group have?
Advanced Capital Group has 366 clients and manages $30 billion for them, as of March 2026. They include 166 pension and profit-sharing plans, 87 other individuals and 51 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026
What services does Advanced Capital Group offer?
Advanced Capital Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Advanced Capital Group use?
Advanced Capital Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $423,194,743 and Fidelity Brokerage Services LLC (Smithfield, RI), with $23,302,444. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 March 2026
How many financial advisors does Advanced Capital Group have?
Advanced Capital Group has 4 investment adviser representatives registered with state securities authorities, out of 22 employees, and 11 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Advanced Capital Group invest in?
At the end of its last fiscal year, Advanced Capital Group’s separately managed accounts held 40% exchange-traded equities, 38% registered funds (mutual funds, ETFs, BDCs), 10% investment grade corporate bonds, 6% state and local bonds, 3% U.S. government and agency bonds and 1% cash and equivalents. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Advanced Capital Group?
Advanced Capital Group is owned through a chain of holding companies by Genstar X Aleragroup Holdings,llc. Its direct owner is Alera Group, Inc (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 March 2026
How does Advanced Capital Group get paid?
Advanced Capital Group is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file