Chicago Investment Advisory Council provides financial planning, portfolio management for individuals and small businesses, pension consulting, and educational seminars. Financial planning was provided to 251–500 clients last fiscal year.
Chicago Investment Advisory Council reports 1,105 clients. They include 1,000 individual clients, 100 high-net-worth individuals, and 5 pension and profit-sharing plans. Of its assets, 100.0% ($230M across 1,500 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 90% | 35% |
| High-net-worth individuals | 9% | 61% |
| Pension and profit-sharing plans | <1% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,000 | $80M | 34.8% | $80K |
| High-net-worth individuals | 100 | $140M | 60.9% | $1.4M |
| Pension and profit-sharing plans | 5 | $10M | 4.3% | $2M |
| Total | 1,105 | $230M | 100% | $208K |
- Clients
- 1,000
- Regulatory AUM
- $80M
- AUM share
- 34.8%
- Avg. per client
- $80K
- Clients
- 100
- Regulatory AUM
- $140M
- AUM share
- 60.9%
- Avg. per client
- $1.4M
- Clients
- 5
- Regulatory AUM
- $10M
- AUM share
- 4.3%
- Avg. per client
- $2M
Total
- Clients
- 1,105
- Regulatory AUM
- $230M
- AUM share
- 100%
- Avg. per client
- $208K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Chicago Investment Advisory Council is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Fixed-fee consultation, planning and workshops
- Fixed fees typically range from $100 to $2,500 for initial consultation, portfolio review, financial planning and educational workshops.
- Hourly consultation and planning
- Hourly fees typically range from $150 to $250 per hour for initial consultation, portfolio review and financial planning services.
- Retirement plan consulting
- Retirement plan consulting for plan sponsors and fiduciaries is billed under the advisory agreement.
John Davis owns 75% or more of Chicago Investment Advisory Council. The leadership team of Chicago Investment Advisory Council includes President John Davis. It has 11 employees, 5 of them in advisory roles.
Staff
- 11 employees
- 5 in advisory functions
- 3 broker-dealer reps
- 3 insurance agents
- Owns 75% or more of Chicago Investment Advisory Council, Inc.
John Davis
Control person · since September 1997
Chicago Investment Advisory Council’s regulatory assets grew from $163M (March 2021) to $230M (March 2026); clients rose from 813 to 1,105 and employees from 6 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $230M | 1,105 | 11 | 3 |
| Apr 2025April 2025 | $190M | 1,085 | 11 | 4 |
| Apr 2024April 2024 | $160M | 1,096 | 11 | 4 |
| Mar 2023March 2023 | $140M | 1,030 | 16 | 4 |
| Mar 2022March 2022 | $155M | 1,017 | 16 | 4 |
| Mar 2021March 2021 | $163M | 813 | 6 | 4 |
Besides its headquarters, Chicago Investment Advisory Council has 2 offices, with 3 listed addresses across 2 states.
Illinois · 2 listed addresses
- 1601 E. Main Street, Suite 1c, St. CharlesHQ
- 2918 S. Wentworth, Chicago
Florida · 1 listed address
- 2937 Ravenswood RD, FT. Lauderdale
Contact and registration details
- Legal name
- Chicago Investment Advisory Council, Inc.
- Headquarters
- 1601 E. Main Street, Suite 1c, St. Charles, IL 60174
- Website
- Not reported
- Phone
- 630-444-1410
- SEC file
- 801-120969
- Structure
- Illinois corporation
- Fiscal year end
- December
Chicago Investment Advisory Council’s named custodian for separately managed accounts is Charles Schwab ($150M). Chicago Investment Advisory Council does not have custody of client assets.
- Charles SchwabCharles Schwab · Westlake, TX · $150M100%
At year end, Chicago Investment Advisory Council’s separately managed accounts were mostly in stocks (75%) and cash (25%).
What the accounts hold
- Stocks75%
- Cash25%
How many clients does Chicago Investment Advisory Council have?
Chicago Investment Advisory Council has 1,105 clients and manages $230 million for them, as of March 2026. They include 1,000 individual clients, 100 high-net-worth individuals, and 5 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Chicago Investment Advisory Council offer?
Chicago Investment Advisory Council provides financial planning, portfolio management for individuals and small businesses, pension consulting, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Chicago Investment Advisory Council use?
Chicago Investment Advisory Council’s separately managed account assets are held at Charles Schwab (Westlake, TX), with $150M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Chicago Investment Advisory Council have?
Chicago Investment Advisory Council has 0 investment adviser representatives registered with state securities authorities, out of 11 employees, and 5 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 3 employees 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 Chicago Investment Advisory Council invest in?
At the end of its last fiscal year, Chicago Investment Advisory Council’s separately managed accounts held 75% exchange-traded equities and 25% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Chicago Investment Advisory Council?
Chicago Investment Advisory Council’s direct owner is John Davis (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Chicago Investment Advisory Council get paid?
Chicago Investment Advisory Council 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
How do I contact Chicago Investment Advisory Council?
Chicago Investment Advisory Council’s main office is at 1601 E. Main Street, Suite 1c, St. Charles, IL 60174. Its phone number is 630-444-1410.