ICG Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and selecting other managers. The firm advises 11 private funds.
ICG Advisors reports 70 clients. They include 55 high-net-worth individuals, 11 pooled investment vehicles and 2 charitable organizations. Of its assets, 27.3% ($2.16B across 19 accounts) are managed with discretion; $5.76B across 89 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 79% | 72% |
| Pooled investment vehicles | 16% | 14% |
| Charitable organizations | 3% | 10% |
| Corporations and other businesses | 3% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 55 | $5.72B | 72.2% | $104M |
| Pooled investment vehicles | 11 | $1.13B | 14.2% | $102M |
| Charitable organizations | 2 | $787M | 9.9% | $393M |
| Corporations and other businesses | 2 | $288M | 3.6% | $144M |
| Total | 70 | $7.92B | 100% | $113M |
- Clients
- 55
- Regulatory AUM
- $5.72B
- AUM share
- 72.2%
- Avg. per client
- $104M
- Clients
- 11
- Regulatory AUM
- $1.13B
- AUM share
- 14.2%
- Avg. per client
- $102M
- Clients
- 2
- Regulatory AUM
- $787M
- AUM share
- 9.9%
- Avg. per client
- $393M
- Clients
- 2
- Regulatory AUM
- $288M
- AUM share
- 3.6%
- Avg. per client
- $144M
Total
- Clients
- 70
- Regulatory AUM
- $7.92B
- AUM share
- 100%
- Avg. per client
- $113M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 11
ICG Advisors charges 0.20%–1.00% a year for its Client Account management fee. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$25M | 1.00% |
| $25M–$50M | 0.75% |
| $50M–$100M | 0.60% |
| $100M–$250M | 0.50% |
| $250M–$500M | 0.40% |
| $500M–$1B | 0.30% |
| $1B and above | 0.20% |
Fee details and sources
Joseph Assaf owns 75% or more of ICG Advisors. The leadership team of ICG Advisors includes Chief Investment Officer Joseph Assaf and Chief Compliance Officer Allison Petchenick. It has 26 employees, 24 of them in advisory roles.
Leadership
Allison PetchenickChief Compliance Officer
Joseph AssafCo-Chief Investment Officer & Senior Managing Director
Robert EdelsteinManaging Director
Blenner JonathanManaging Director
Eleftherios MonisCo-Chief Investment Officer & Managing Director
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 26 employees
- 24 in advisory functions
- 1 state-registered rep
- 2 soliciting firms
- Owns 75% or more of Icg Advisors, LLC
Joseph Assaf
Control person · since July 2008
- Owns 75% or more of Icg Advisors, LLC
Pippy Corp.
Control person · since January 2015
- Owns 75% or more of Pippy Corp.
The Assaf Family Trust DTD 3/24/2005
Control person · since January 2015
- Owns 75% or more of The Assaf Family Trust DTD 3/24/2005
Cecelia Assaf
Control person · since March 2005
ICG Advisors’ regulatory assets grew from $5.62B (April 2021) to $7.92B (May 2026); clients fell from 75 to 70 and employees rose from 24 to 26.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $7.92B | 70 | 26 | 1 |
| June 2025 | $7.77B | 73 | 25 | 1 |
| July 2024 | $6.92B | 74 | 26 | 1 |
| June 2023 | $6.62B | 88 | 25 | 1 |
| July 2022 | $6.95B | 85 | 23 | 1 |
| April 2021 | $5.62B | 75 | 24 | 1 |
Besides its headquarters, ICG Advisors has 0 offices, with 1 listed address in California.
California · 1 listed address
- 11111 Santa Monica Boulevard, Ste. 2100, Los AngelesHQ
Contact and registration details
- Legal name
- Icg Advisors, LLC
- Headquarters
- 11111 Santa Monica Boulevard, Ste. 2100, Los Angeles, CA 90025
- Website
- icgadvisors.com
- Phone
- 424-270-8900
- @icg-advisors-llc
- SEC file
- 801-69638
- Structure
- California LLC
- Fiscal year end
- December
ICG Advisors uses RBC Capital Markets ($1.52B) as custodian for its separately managed accounts. ICG Advisors has custody of $1.24B in client assets for 11 clients.
- RBC Capital MarketsRBC Capital Markets, LLC · Minneapolis, MN · $1.52B100%
At year end, ICG Advisors’ separately managed accounts were mostly in funds (71%) and stocks (19%). Its reported 13F holdings for the quarter ended 30 June 2026 total $30.1M across 5 positions; the largest are Invesco Qqq TR (68.1%), Ftai Aviation Ltd (18.0%) and State Str SPDR S&P 500 ETF T (9.2%).
What the accounts hold
- Stocks19%
- Exchange-traded equities17%
- Non-exchange-traded equities2%
- Funds71%
- Pooled vehicles70%
- Registered funds1%
- Bonds1%
- Cash9%
Reported 13F holdings
- $30.1M
- Reported 13F value
- 5
- Positions
- 100.0%
- In the 10 largest
- +17.5%
- Value vs. prior quarter
- Invesco Qqq TR · Unit Ser 168.1%
- Ftai Aviation Ltd18.0%
- State Str SPDR S&P 500 ETF T · TR Unit9.2%
- Cerebras Systems Inc. · Com CL A3.9%
- Ftai Infrastructure Inc.0.7%
Together, the ten largest are 100.0% of reported value.
How many clients does ICG Advisors have?
ICG Advisors has 70 clients and manages $7.92 billion for them, as of May 2026. They include 55 high-net-worth individuals, 11 pooled investment vehicles and 2 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 May 2026
What services does ICG Advisors offer?
ICG Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, 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
How much does ICG Advisors charge?
ICG Advisors charges 0.20%–1.00% a year for its Client Account management fee. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Which custodians does ICG Advisors use?
ICG Advisors’ separately managed account assets are held at RBC Capital Markets, LLC (Minneapolis, MN), with $1.52B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 May 2026
How many financial advisors does ICG Advisors have?
ICG Advisors has 1 investment adviser representative registered with state securities authorities, out of 26 employees, and 24 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 ICG Advisors invest in?
At the end of its last fiscal year, ICG Advisors’ separately managed accounts held 70% pooled vehicles (private funds and similar), 17% exchange-traded equities, 9% cash and equivalents, 2% non-exchange-traded equities, 1% investment grade corporate bonds and 1% registered funds (mutual funds, ETFs, BDCs). It advises 11 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns ICG Advisors?
ICG Advisors is owned through a chain of holding companies by Cecelia Assaf. Its direct owners are Joseph Assaf (75% or more) and Pippy Corp. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 21 May 2026
How does ICG Advisors get paid?
ICG Advisors is paid through a percentage of assets under management 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
Is ICG Advisors registered with the SEC?
Yes, ICG Advisors has been registered with the SEC as an investment adviser since 6 October 2008. Its CRD number is 148066 and its SEC file number is 801-69638.
Source: Form ADV Part 1A, Item 1, filed 21 May 2026; IAPD firm record
How do I contact ICG Advisors?
ICG Advisors’ main office is at 11111 Santa Monica Boulevard, Ste. 2100, Los Angeles, CA 90025. Its phone number is 424-270-8900. Its website is icgadvisors.com.