Asset Consulting Group provides portfolio management for institutions, pension consulting and selecting other managers.
Asset Consulting Group reports 161 clients. They include 63 high-net-worth individuals, 38 charitable organizations and 33 state or municipal government entities. Of its assets, 78.6% ($861M across 16 accounts) are managed with discretion; $235M across 9 accounts are not. It advised 128 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 39% | 45% |
| Pension and profit-sharing plans | 6% | 0% |
| Charitable organizations | 24% | 55% |
| State or municipal government entities | 20% | 0% |
| Other investment advisers | 2% | 0% |
| Other client typesInsurance companies; Other | 8% | 0% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 63 | $494M | 45.1% | $7.84M |
| Pension and profit-sharing plans | 10 | $0 | 0.0% | $0 |
| Charitable organizations | 38 | $602M | 54.9% | $15.8M |
| State or municipal government entities | 33 | $0 | 0.0% | $0 |
| Other investment advisers | 4 | $0 | 0.0% | $0 |
| Insurance companies | 10 | $0 | 0.0% | $0 |
| Other | 3 | $0 | 0.0% | $0 |
| Total | 161 | $1.1B | 100% | $6.81M |
- Clients
- 63
- Regulatory AUM
- $494M
- AUM share
- 45.1%
- Avg. per client
- $7.84M
- Clients
- 10
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
- Clients
- 38
- Regulatory AUM
- $602M
- AUM share
- 54.9%
- Avg. per client
- $15.8M
- Clients
- 33
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
- Clients
- 4
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
- Clients
- 10
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
- Clients
- 3
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
Total
- Clients
- 161
- Regulatory AUM
- $1.1B
- AUM share
- 100%
- Avg. per client
- $6.81M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 128
- Private funds advised
- 0
Asset Consulting Group is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
GWM Holdco, LLC owns 75% or more of Asset Consulting Group and is in turn owned by Guggenheim Partners, LLC (75% or more). The leadership team of Asset Consulting Group includes Chief Financial Officer Donald Mueth and Chief Compliance Officer Jason Pulos. It has 50 employees, 32 of them in advisory roles.
Staff
- 50 employees
- 32 in advisory functions
- 21 state-registered reps
- Owns 75% or more of Asset Consulting Group, LLC
GWM Holdco, LLC
Control person · since December 2008
- Owns 75% or more of GWM Holdco, LLC
Guggenheim Partners, LLC
Control person · since June 2007
- Owns 75% or more of Guggenheim Partners, LLC
Guggenheim Capital, LLC
Control person · since September 2005
Guggenheim Manager, Inc.
Managing member · Control person · since January 2011
Asset Consulting Group’s regulatory assets grew 2.9× from $381M (March 2021) to $1.1B (March 2026); clients were 161 in both filings and employees rose from 47 to 50.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $1.1B | 161 | 50 | 1 |
| Jul 2025July 2025 | $782M | 162 | 50 | 1 |
| Mar 2024March 2024 | $782M | 161 | 46 | 1 |
| Mar 2023March 2023 | $508M | 156 | 47 | 1 |
| Mar 2022March 2022 | $412M | 149 | 47 | 1 |
| Mar 2021March 2021 | $381M | 158 | 47 | 1 |
Besides its headquarters, Asset Consulting Group has 0 offices, with 1 listed address in 1 state.
Missouri · 1 listed address
- 231 South Bemiston Avenue, 14th Floor, ClaytonHQ
Other business names
Asset Consulting Group has reported 1 other business name to the SEC.
- Guggenheim Partners
Contact and registration details
- Legal name
- Asset Consulting Group, LLC
- Headquarters
- 231 South Bemiston Avenue, 14th Floor, Clayton, MO 63105
- Website
- acgnet.com
- Phone
- 314-862-4848
- @asset-consulting-group
- SEC file
- 801-39372
- Structure
- Delaware LLC
- Fiscal year end
- December
Asset Consulting Group’s named custodians for separately managed accounts include The Northern Trust ($268M, 24%), Charles Schwab ($235M, 21%) and BNY Mellon, National Association ($214M, 20%). Asset Consulting Group has custody of $861M for 16 clients.
- Dorsey and Whitney TrustDorsey and Whitney Trust Company, LLC · Sioux Falls, SD · $89.8M8%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $268M24%
- Commerce BankCommerce Bank · Saint Louis, MO · $209M19%
- US Bank National AssociationUS Bank National Association · Cincinatti, OH · $80.4M7%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $235M21%
- BNY Mellon, National AssociationBNY Mellon, National Association · Boston, MA · $214M20%
At year end, Asset Consulting Group’s separately managed accounts were mostly in funds (80%).
What the accounts hold
- Funds80%
- Registered funds54%
- Pooled vehicles26%
- Cash2%
- Other18%
- Assets of acg client's are managed by third party advisor's who invest in exchange-traded equity securities and u.s. state and local bonds via a separately managed account. acg has authority to hire, fire and retain third party advisor on behalf of client. acg does not have authority to select securities of individual companies or issuers for purchase or sale.18%
How many clients does Asset Consulting Group have?
Asset Consulting Group has 161 clients and manages $1.1 billion for them, as of March 2026. They include 63 high-net-worth individuals, 38 charitable organizations and 33 state or municipal government entities.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Asset Consulting Group offer?
Asset Consulting Group provides portfolio management for institutions, pension consulting and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Asset Consulting Group use?
Asset Consulting Group’s separately managed account assets are held at The Northern Trust Company (Chicago, IL), with $268M, Charles Schwab & Co., Inc. (Westlake, TX), with $235M, BNY Mellon, National Association (Boston, MA), with $214M, Commerce Bank (Saint Louis, MO), with $209M, Dorsey and Whitney Trust Company, LLC (Sioux Falls, SD), with $89.8M and US Bank National Association (Cincinatti, OH), with $80.4M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Asset Consulting Group have?
Asset Consulting Group has 21 investment adviser representatives registered with state securities authorities, out of 50 employees, and 32 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 Asset Consulting Group invest in?
At the end of its last fiscal year, Asset Consulting Group’s separately managed accounts held 54% registered funds (mutual funds, ETFs, BDCs), 26% pooled vehicles (private funds and similar), 18% other and 2% cash and equivalents. The 18% other category is described as: Assets of ACG Client'S Are Managed by Third Party Advisor'S Who Invest in Exchange-Traded Equity Securities and U.S. State and Local Bonds Via A Separately Managed Account. ACG Has Authority to Hire, Fire and Retain Third Party Advisor on Behalf of Client. ACG Does Not Have Authority to Select Securities of Individual Companies Or Issuers for Purchase Or Sale.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Asset Consulting Group?
Asset Consulting Group is owned through a chain of holding companies by Guggenheim Capital, LLC. Its direct owner is GWM Holdco, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Asset Consulting Group get paid?
Asset Consulting Group is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Asset Consulting Group?
Asset Consulting Group’s main office is at 231 South Bemiston Avenue, 14th Floor, Clayton, MO 63105. Its phone number is 314-862-4848. Its website is acgnet.com.