{"url":"https://nivawealth.com/firms/chicago-investment-advisory-council-123243","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/123243","regulatoryAum":230000000,"crd":"123243","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6956182","suffix":null,"lastName":"Brown","firstName":"Xavier","middleName":"Alexander"},{"crd":"2753428","suffix":null,"lastName":"DAVIS","firstName":"JOHN","middleName":"ELBERT"},{"crd":"4553229","suffix":null,"lastName":"FULKERSON","firstName":"MICHAEL","middleName":"JOHN"},{"crd":"7961088","suffix":null,"lastName":"Graziano","firstName":"Scott","middleName":"Daniel"},{"crd":"2519500","suffix":null,"lastName":"MARK","firstName":"RONNY","middleName":"K"}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-26","regulatoryAum":163494616,"clients":813,"employees":6,"offices":4},{"filedOn":"2022-03-25","regulatoryAum":155336000,"clients":1017,"employees":16,"offices":4},{"filedOn":"2023-03-29","regulatoryAum":140000000,"clients":1030,"employees":16,"offices":4},{"filedOn":"2024-04-05","regulatoryAum":160000000,"clients":1096,"employees":11,"offices":4},{"filedOn":"2025-04-01","regulatoryAum":190000000,"clients":1085,"employees":11,"offices":4},{"filedOn":"2026-03-31","regulatoryAum":230000000,"clients":1105,"employees":11,"offices":3}],"secFileNumber":"801-120969","legalName":"Chicago Investment Advisory Council, Inc.","displayName":"Chicago Investment Advisory Council","slug":"chicago-investment-advisory-council-123243","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/chicago-investment-advisory-council","founded":null,"organization":"Illinois corporation","fiscalYearEnd":"December","headquarters":{"street":"1601 E. Main Street, Suite 1c","city":"St. Charles","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60174"},"tradeNames":[],"registration":{"secApproved":"26 April 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":200000,"staff":{"employees":11,"advisory":5,"brokerDealerReps":3,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":230000000,"discretionary":230000000,"discretionaryAccounts":1500,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":1000,"regulatoryAum":80000000},{"label":"High-net-worth individuals","clients":100,"regulatoryAum":140000000},{"label":"Pension and profit-sharing plans","clients":5,"regulatoryAum":10000000}],"feePrograms":[{"role":"other","program":"Fixed-fee consultation, planning and workshops","summary":"Fixed fees typically range from $100 to $2,500 for initial consultation, portfolio review, financial planning and educational workshops.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036527","versionId":1036527,"submittedOn":"2026-03-31","documentName":"FORM ADV PART 2A"},{"role":"other","program":"Hourly consultation and planning","summary":"Hourly fees typically range from $150 to $250 per hour for initial consultation, portfolio review and financial planning services.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036527","versionId":1036527,"submittedOn":"2026-03-31","documentName":"FORM ADV PART 2A"},{"role":"other","program":"Retirement plan consulting","summary":"Retirement plan consulting for plan sponsors and fiduciaries is billed under the advisory agreement.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036527","versionId":1036527,"submittedOn":"2026-03-31","documentName":"FORM ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T12:39:52.29596+00:00","documents":[{"name":"FORM ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036527","versionId":1036527,"submittedOn":"2026-03-31"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036528","versionId":1036528,"submittedOn":null}]},"custodians":[{"name":"Charles Schwab","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":150000000}],"custodyNote":"Chicago Investment Advisory Council does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"John Davis","title":"President and Chief Compliance Officer","crd":"2753428"}],"ownership":[{"label":"John Davis","detail":"President and chief compliance officer in the 75% or more ownership band and a control person, since September 1997."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":0},"listedOfficeAddresses":3,"foreignOffices":[],"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"2937 Ravenswood RD","city":"FT. Lauderdale"}]},{"state":"Illinois","offices":2,"addresses":[{"street":"1601 E. Main Street, Suite 1c","city":"St. Charles","headquarters":true},{"street":"2918 S. Wentworth","city":"Chicago"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"630-444-1410","stateRegisteredReps":0,"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","Pension consulting services","Educational seminars/workshops"],"financialPlanningClients":"251-500","assetMix":[{"label":"Exchange-traded equity securities","percent":75},{"label":"Cash and cash equivalents","percent":25}],"privateFunds":0},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/123243/PDF/123243.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036527","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Chicago Investment Advisory Council have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Chicago Investment Advisory Council offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Chicago Investment Advisory Council use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Chicago Investment Advisory Council have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Chicago Investment Advisory Council invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Chicago Investment Advisory Council?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Chicago Investment Advisory Council get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Chicago Investment Advisory Council?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"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 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."}