Crescent Grove Advisors provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions. Financial planning was provided to 251–500 clients last fiscal year.
Crescent Grove Advisors reports 382 clients. They include 290 high-net-worth individuals, 35 individual clients and 33 other clients. Of its assets, 99.2% ($5.46B across 378 accounts) are managed with discretion; $45.4M across 4 accounts are not. It advised 8 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 9% | <1% |
| High-net-worth individuals | 76% | 93% |
| Charitable organizations | 5% | 3% |
| Corporations and other businesses | 1% | 2% |
| Other | 9% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 35 | $30.3M | 0.5% | $865K |
| High-net-worth individuals | 290 | $5.11B | 92.9% | $17.6M |
| Charitable organizations | 19 | $176M | 3.2% | $9.27M |
| Corporations and other businesses | 5 | $91.3M | 1.7% | $18.3M |
| Other | 33 | $92.9M | 1.7% | $2.81M |
| Total | 382 | $5.5B | 100% | $14.4M |
- Clients
- 35
- Regulatory AUM
- $30.3M
- AUM share
- 0.5%
- Avg. per client
- $865K
- Clients
- 290
- Regulatory AUM
- $5.11B
- AUM share
- 92.9%
- Avg. per client
- $17.6M
- Clients
- 19
- Regulatory AUM
- $176M
- AUM share
- 3.2%
- Avg. per client
- $9.27M
- Clients
- 5
- Regulatory AUM
- $91.3M
- AUM share
- 1.7%
- Avg. per client
- $18.3M
- Clients
- 33
- Regulatory AUM
- $92.9M
- AUM share
- 1.7%
- Avg. per client
- $2.81M
Total
- Clients
- 382
- Regulatory AUM
- $5.5B
- AUM share
- 100%
- Avg. per client
- $14.4M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 8
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Crescent Grove Advisors charges 0.10%–1.25% a year for its Investment Management Fees. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning and consulting is a negotiable fixed annual fee, typically $3,000 to $150,000 a year, charged quarterly in advance.
Crescent Grove Holdings, LLC owns 75% or more of Crescent Grove Advisors. The leadership team of Crescent Grove Advisors includes Chief Investment Officer David Keevins, Chief Operating Officer Elizabeth Watkins and Chief Financial Officer Nicholas Kochanski. It has 34 employees, 14 of them in advisory roles.
Leadership
Nicholas KochanskiFounder, Chief Financial Officer and Managing Director
Elizabeth WatkinsChief Compliance Officer, Chief Operating Officer
Gregg GeorgeFounder, Chief Legal Officer and Managing Director
David KeevinsFounder, Chief Investment Officer and Managing Director
Mitchell ProskFounder, Senior Client
Donald WrightSenior Client Advisor
Investment adviser representatives
21 representatives listed in the SEC register as of 9 October 2026.
- Sanders E Dargan
- Christopher Blake Durham
- Gary Patrick Gawryleski
- Luke Mathew Harris
- Christopher Michael Jauch
- Blake Robert Karls
- Andrew Scott Krei
- Robert Terry Peterson
- Jeffrey Todd Robbins
- Eric R Schmitz
- Shanna M Venne
- Jennelle Brooke Vestal
- Dustin James Wolk
- James Matthew Wood
- Benjamin K Zwief
Staff
- 34 employees
- 14 in advisory functions
- 17 state-registered reps
- 3 insurance agents
- Owns 75% or more of Crescent Grove Advisors, LLC
Crescent Grove Holdings, LLC
Control person · since June 2015
Gregg George
Founder, chief legal officer and managing director · Control person · since April 2015
Nicholas Kochanski
Founder, chief financial officer and managing director · Control person · since April 2015
David Keevins
Founder, chief investment officer and managing director · Control person · since April 2015
Crescent Grove Advisors’ regulatory assets grew from $3.7B (March 2021) to $5.5B (March 2026); clients rose from 274 to 382 and employees from 29 to 34.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $5.5B | 382 | 34 | 3 |
| July 2025 | $5B | 381 | 34 | 3 |
| March 2024 | $4.46B | 359 | 34 | 3 |
| July 2023 | $3.91B | 350 | 32 | 3 |
| March 2022 | $4.35B | 330 | 31 | 3 |
| March 2021 | $3.7B | 274 | 29 | 3 |
Besides its headquarters, Crescent Grove Advisors has 2 offices, with 3 listed addresses in Georgia, Illinois and Wisconsin.
Georgia · 1 listed address
- 3290 Northside Parkway NW, Atlanta
Illinois · 1 listed address
- 100 South Saunders Road, Suite 210, Lake ForestHQ
Wisconsin · 1 listed address
- 313 N. Plankinton Ave., Milwaukee
Contact and registration details
- Legal name
- Crescent Grove Advisors, LLC
- Headquarters
- 100 South Saunders Road, Suite 210, Lake Forest, IL 60045
- Website
- crescentgroveadvisors.com
- Phone
- 847-752-0292
- @16223559
- SEC file
- 801-79577
- Structure
- Delaware LLC
- Fiscal year end
- December
Crescent Grove Advisors uses Fidelity ($5.39B) as custodian for its separately managed accounts. Crescent Grove Advisors has custody of $5.48B in client assets for 365 clients.
- FidelityNational Financial Services LLC · Boston, MA · $5.39B100%
At year end, Crescent Grove Advisors’ separately managed accounts were mostly in funds (57%) and stocks (26%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.2B across 298 positions; the largest are Zurn Elkay Water Solutions (9.9%), iShares S&P 500 ETF (6.2%) and Vanguard 500 Index Fund ETF (5.0%).
What the accounts hold
- Stocks26%
- Funds57%
- Registered funds42%
- Pooled vehicles15%
- Bonds10%
- State and local bonds7%
- U.S. government and agency bonds3%
- Cash6%
- Other1%
- Derivatives1%
Reported 13F holdings
- $1.2B
- Reported 13F value
- 298
- Positions
- 37.9%
- In the 10 largest
- +15.2%
- Value vs. prior quarter
- Zurn Elkay Water Solutions · Comm9.9%
- iShares S&P 500 ETFETF6.2%
- Vanguard 500 Index Fund ETFETF5.0%
- SPDR S&P 500 ETFETF3.0%
- Vanguard Total Stock Market ETFETF2.7%
- iShares Core MSCI Emerging Markets ETFETF2.6%
- Invesco Powershares Qqq ETFETF2.2%
- iShares Core S&P Small-cap ETFETF2.1%
- 2024 Psu (target) · Comm2.1%
- iShares Core S&P Mid-cap ETFETF2.0%
Together, the ten largest are 37.9% of reported value.
How many clients does Crescent Grove Advisors have?
Crescent Grove Advisors has 382 clients and manages $5.5 billion for them, as of March 2026. They include 290 high-net-worth individuals, 35 individual clients and 33 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Crescent Grove Advisors offer?
Crescent Grove Advisors provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Crescent Grove Advisors charge?
Crescent Grove Advisors charges 0.10%–1.25% a year for its Investment Management Fees. The fee is billed in arrears and is negotiable.
Source: CRESCENT GROVE ADVISORS ADV PART 2A, filed 26 March 2026
Which custodians does Crescent Grove Advisors use?
Crescent Grove Advisors’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $5.39B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026
How many financial advisors does Crescent Grove Advisors have?
Crescent Grove Advisors has 17 investment adviser representatives registered with state securities authorities, out of 34 employees, and 14 perform investment advisory functions. 0 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 Crescent Grove Advisors invest in?
At the end of its last fiscal year, Crescent Grove Advisors’ separately managed accounts held 42% registered funds (mutual funds, ETFs, BDCs), 26% exchange-traded equities, 15% pooled vehicles (private funds and similar), 7% state and local bonds, 6% cash and equivalents, 3% U.S. government and agency bonds and 1% derivatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Crescent Grove Advisors?
Crescent Grove Advisors’ direct owner is Crescent Grove Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Crescent Grove Advisors get paid?
Crescent Grove Advisors 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
Is Crescent Grove Advisors registered with the SEC?
Yes, Crescent Grove Advisors has been registered with the SEC as an investment adviser since 17 April 2014. Its CRD number is 170912 and its SEC file number is 801-79577.
Source: Form ADV Part 1A, Item 1, filed 26 March 2026; IAPD firm record
How do I contact Crescent Grove Advisors?
Crescent Grove Advisors’ main office is at 100 South Saunders Road, Suite 210, Lake Forest, IL 60045. Its phone number is 847-752-0292. Its website is crescentgroveadvisors.com.