Clients
Cbiz Investment Advisory Services serves 2,850 clients, 383 of them high-net-worth individuals. The average client has about $4.5 million with the firm, and high-net-worth clients hold 3% of its $12.8 billion in assets.
- Individuals1,382 clients2%
- High-net-worth individuals383 clients3%
- Pension and profit-sharing plans730 clients64%
- State or municipal government entities243 clients14%
- Other68 clients14%
- OtherBanking or thrift institutions, Charitable organizations, Corporations and other businesses2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,382 | $311,966,015 | 2.4% | $226K |
| High-net-worth individuals | 383 | $415,170,191 | 3.3% | $1.08M |
| Banking or thrift institutions | 16 | $177,769,017 | 1.4% | $11.1M |
| Pension and profit-sharing plans | 730 | $8,156,641,854 | 63.9% | $11.2M |
| Charitable organizations | 14 | $70,491,107 | 0.6% | $5.04M |
| State or municipal government entities | 243 | $1,826,003,517 | 14.3% | $7.51M |
| Corporations and other businesses | 14 | $28,105,207 | 0.2% | $2.01M |
| Other | 68 | $1,776,022,589 | 13.9% | $26.1M |
| Total | 2,850 | $12,762,169,497 | 100% | $4.48M |
- Clients
- 1,382
- Regulatory AUM
- $311,966,015
- Share
- 2.4%
- Avg. per client
- $226K
- Clients
- 383
- Regulatory AUM
- $415,170,191
- Share
- 3.3%
- Avg. per client
- $1.08M
- Clients
- 16
- Regulatory AUM
- $177,769,017
- Share
- 1.4%
- Avg. per client
- $11.1M
- Clients
- 730
- Regulatory AUM
- $8,156,641,854
- Share
- 63.9%
- Avg. per client
- $11.2M
- Clients
- 14
- Regulatory AUM
- $70,491,107
- Share
- 0.6%
- Avg. per client
- $5.04M
- Clients
- 243
- Regulatory AUM
- $1,826,003,517
- Share
- 14.3%
- Avg. per client
- $7.51M
- Clients
- 14
- Regulatory AUM
- $28,105,207
- Share
- 0.2%
- Avg. per client
- $2.01M
- Clients
- 68
- Regulatory AUM
- $1,776,022,589
- Share
- 13.9%
- Avg. per client
- $26.1M
Total
- Clients
- 2,850
- Regulatory AUM
- $12,762,169,497
- Share
- 100%
- Avg. per client
- $4.48M
What it does
Cbiz Investment Advisory Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, educational seminars and other activities. It is paid through a percentage of assets, hourly charges, fixed fees and other arrangements.
Cbiz Investment Advisory Services provided financial planning to 1–10 clients last fiscal year and advises no private funds.
100.0% of assets ($12.76B across 2,850 accounts) are managed with discretion. $1.79B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 768 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks7%
- Funds88%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash2%
Custodians
Cbiz Investment Advisory Services’ client accounts are held mainly at Fidelity, with 22% of managed assets, and Charles Schwab, with 17%. Cbiz Investment Advisory Services does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $2.13B17%
- Tiaa Financial ServicesTiaa Financial Services · Beachwood, OH · $1.61B13%
- FidelityFidelity Investments Institutional Operations Company Inc. · Covington, KY · $2.74B22%
- VoyaVoya Financial · New York City, NY · $1.90B15%
- EmpowerEmpower Financial Services, Inc. · Greenwood Village, CO · $1.86B15%
- All other custodians$2.53B20%
Ownership and leadership
Cbiz Operations Inc. owns 75% or more of Cbiz Investment Advisory Services.
- Owns 75% or more of Cbiz Investment Advisory Services, LLC
Cbiz Operations Inc.
Control person · since September 2016
- Owns 75% or more of Cbiz Operations Inc.
Cbiz, Inc
Control person · since November 1996
Leadership
- James KingPresident
- Christopher BrownChief Compliance Officer
- Nancy MellardDirector
Staff
- 93 employees
- 87 in advisory functions
- 87 state-registered reps
- 19 broker-dealer reps
- 33 insurance agents
- 4 soliciting firms
Reported holdings
Cbiz Investment Advisory Services’ reported 13F holdings total $2.74B across 415 positions, and the ten largest make up 95.3% of it.
- $2.74B
- Reported 13F value
- 415
- Positions
- 95.3%
- In the 10 largest
- +0.0%
- Value vs. prior quarter
- Vanguard BD Index Fds · Total Bnd Mrkt23.1%
- Vanguard Index Fds · Value ETF19.4%
- Vanguard Intl Equity Index F · Allwrld EX US14.7%
- Vanguard Index Fds · Growth ETF14.4%
- Invesco Qqq TR · Unit Ser 18.9%
- Vanguard Index Fds · Small CP ETF4.6%
- Vanguard Intl Equity Index F · FTSE Emr Mkt ETF3.9%
- Vanguard Index Fds · Mid Cap ETF3.1%
- Invesco Exchange Traded FD T · S&P500 Eql Wgt1.8%
- iShares TR · Core S&P500 ETF1.4%
Together, the ten largest are 95.3% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $2.74B is not its $12.76B in regulatory assets and does not represent any individual client's portfolio.
Fees
Cbiz Investment Advisory Services is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and other.
Cbiz Investment Advisory Services’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Cbiz Investment Advisory Services has 23 offices (2 private residences, listed without an address), with 22 listed addresses across 16 states.
Pennsylvania · 3 listed addresses
- 1001 Conshohocken State RD, West Conshohocken
- 1845 Walnut ST, Philadelphia
- 115 W State Street, Media
Florida · 2 listed addresses
- 2255 W Glades RD, Boca Raton
- 2290 Lucien Way, Maitland
Georgia · 2 listed addresses
- 3625 Cumberland BLVD, Atlanta
- 625 Molly Lane, Woodstock
Maryland · 2 listed addresses
- 44 Baltimore Street, Cumberland
- 9755 Patuxent Woods DR, Columbia
Missouri · 2 listed addresses
- 721 Emerson RD, ST. Louis
- 700 West 47th Street, Kansas City
Arizona · 1 listed address
- 4722 North 24th ST, Phoenix
California · 1 listed address
- 160 W Santa Clara ST, San Jose
Colorado · 1 listed address
- 4600 S. Ulster Street, Denver
Illinois · 1 listed address
- 225 W Wacker DR, Chicago
Indiana · 1 listed address
- 3925 River Crossing Pkwy, Indianapolis
Minnesota · 1 listed address
- 222 S 9th ST, Minneapolis
Ohio · 1 listed address
- 5959 Rockside Woods BLVD N, Suite 600, ClevelandHQ
Rhode Island · 1 listed address
- One Citizens Plaza, Providence
Tennessee · 1 listed address
- 5100 Poplar Ave, Memphis
Texas · 1 listed address
- 8614 Laurel Canyon RD, Irving
Virginia · 1 listed address
- 110 Franklin RD Se, Roanoke
Other business names
Cbiz Investment Advisory Services has reported 1 other business name to the SEC.
- The Inr Team of Cbiz Ias
Registration details
- Legal name
- Cbiz Investment Advisory Services, LLC
- Headquarters
- 5959 Rockside Woods BLVD N, Suite 600, Cleveland, OH 44131
- Phone
- 216-447-9000
- Website
- Not reported
- SEC file
- 801-108996
- Structure
- Delaware LLC
- 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 Cbiz Investment Advisory Services have?
Cbiz Investment Advisory Services has 2,850 clients and manages $12.8 billion for them, as of March 2026. They include 1,382 other individuals, 730 pension and profit-sharing plans and 383 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026
What services does Cbiz Investment Advisory Services offer?
Cbiz Investment Advisory Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, educational seminars and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Cbiz Investment Advisory Services use?
Cbiz Investment Advisory Services’ separately managed account assets are held at Fidelity Investments Institutional Operations Company Inc. (Covington, KY), with $2,744,560,164, Charles Schwab & Co., Inc. (Westlake, TX), with $2,128,327,159, Voya Financial (New York City, NY), with $1,897,450,721, Empower Financial Services, Inc. (Greenwood Village, CO), with $1,855,233,203 and Tiaa Financial Services (Beachwood, OH), with $1,610,628,223. 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 Cbiz Investment Advisory Services have?
Cbiz Investment Advisory Services has 87 investment adviser representatives registered with state securities authorities, out of 93 employees, and 87 perform investment advisory functions. 19 are registered representatives of a broker-dealer and 33 are 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 Cbiz Investment Advisory Services invest in?
At the end of its last fiscal year, Cbiz Investment Advisory Services’ separately managed accounts held 88% registered funds (mutual funds, ETFs, BDCs), 7% exchange-traded equities, 2% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds and 1% investment grade corporate bonds. 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 Cbiz Investment Advisory Services?
Cbiz Investment Advisory Services is owned through a holding company by Cbiz, Inc. Its direct owner is Cbiz Operations Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 March 2026
How does Cbiz Investment Advisory Services get paid?
Cbiz Investment Advisory Services is paid through a percentage of assets under management, hourly charges, fixed fees and other arrangements. 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