{"url":"https://nivawealth.com/firms/advanced-capital-group-109673","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/109673","regulatoryAum":29988968764,"crd":"109673","secFileNumber":"801-65944","legalName":"Advanced Capital Group, Inc.","displayName":"Advanced Capital Group","website":null,"linkedinUrl":"https://linkedin.com/company/advanced-capital-group","founded":null,"organization":"Minnesota corporation","fiscalYearEnd":"December","headquarters":{"street":"50 South Sixth Street, Suite 975","city":"Minneapolis","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55402"},"tradeNames":["Alera Group Retirement Plan Services","Alera Group Wealth Services","Finwell Connect"],"registration":{"secApproved":"31 January 2006","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":22,"advisory":11,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":1718291428,"discretionaryAccounts":157,"nonDiscretionary":28270677336,"nonDiscretionaryAccounts":209,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":87,"regulatoryAum":40362765},{"label":"High-net-worth individuals","clients":51,"regulatoryAum":1959381433},{"label":"Banking or thrift institutions","clients":1,"regulatoryAum":89389148},{"label":"Pension and profit-sharing plans","clients":166,"regulatoryAum":25907784895},{"label":"Charitable organizations","clients":3,"regulatoryAum":70584949},{"label":"State or municipal government entities","clients":31,"regulatoryAum":1202896518},{"label":"Insurance companies","clients":3,"regulatoryAum":294786399},{"label":"Corporations and other businesses","clients":24,"regulatoryAum":423782657}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":23302444},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":423194743}],"custodyNote":"Advanced Capital Group does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Charles Langowski","title":"Chief Executive Officer","crd":"2101322"},{"name":"Lyndsay Kim","title":"Chief Compliance Officer","crd":"2902606"},{"name":"Justin Dorsey","title":"Principal","crd":"2684913"},{"name":"Holly Knight","title":"Retirement Plan Services Practice Leader","crd":"5587216"},{"name":"Patrick Larson","title":"Chief Investment Officer","crd":"1768879"}],"ownership":[{"label":"Alera Group, Inc","detail":"Managing member/ parent company in the 75% or more ownership band and a control person, since September 2024."},{"label":"Alera Group Intermediate Holdings, LLC","detail":"Indirect owner: a shareholder of Alera Group, Inc in the 75% or more band and a control person, since December 2016.","parent":"Alera Group, Inc"},{"label":"Alera Group Holdings, Inc.","detail":"Indirect owner: a shareholder of Alera Group Intermediate Holdings, LLC in the 75% or more band and a control person, since December 2016.","parent":"Alera Group Intermediate Holdings, LLC"},{"label":"Alera Group Ultimate Holdings,llc","detail":"Indirect owner: a shareholder of Alera Group Holdings, Inc. in the 75% or more band and a control person, since June 2021.","parent":"Alera Group Holdings, Inc."},{"label":"Genstar X Aleragroup Holdings,llc","detail":"Indirect owner: a shareholder of Alera Group Ultimate Holdings,llc in the 25% to 50% band and a control person, since September 2021.","parent":"Alera Group Ultimate Holdings,llc"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"officesByState":[{"state":"Minnesota","offices":1,"addresses":[{"street":"50 South Sixth Street, Suite 975","city":"Minneapolis","headquarters":true}]},{"state":"Missouri","offices":1,"addresses":[{"street":"9379 Tiles Ave.","city":"Brentwood"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"612-230-3000","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":40},{"label":"U.S. government/agency bonds","percent":3},{"label":"U.S. state and local bonds","percent":6},{"label":"Investment grade corporate bonds","percent":10},{"label":"Securities issued by registered investment companies or business development companies","percent":38},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"20 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/109673/PDF/109673.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Advanced Capital Group have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Advanced Capital Group offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Advanced Capital Group use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Advanced Capital Group have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Advanced Capital Group invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Advanced Capital Group?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Advanced Capital Group get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}