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International City Management Association Retirement

Wealth managementRIA network

Washington, DCCRD 108783Updated

International City Management Association Retirement is an investment adviser based in Washington, DC, registered with the SEC since 1983. It provides investment management. Its clients include individual clients, insurance companies and high-net-worth individuals. Its regulatory assets under management total $6.31 billion, as filed on 27 July 2026.

$6.31B
AUM
40.5K
Clients
$142K
AUM per individual client
174
Advisory staff
12
Offices
0.20–0.50%
Annual fee

From Form ADV filed 27 July 2026SEC record

Services and clients

International City Management Association Retirement provides portfolio management for individuals and small businesses and portfolio management for institutions.

International City Management Association Retirement reports 40,527 clients. They include 40,136 individual clients, 390 high-net-worth individuals and 1 insurance company. Of its assets, 91.0% ($5.74B across 53,694 accounts) are managed with discretion; $568M across 1 account is not. It advised 3,264 clients without assets under management last fiscal year.

Clients and assets by client type
Clients40,527 clients
Assets$6.31B
Share of clients and assets by client type
Client typeClientsAssets
Individuals (other than HNW)99%82%
High-net-worth individuals<1%9%
Insurance companies<1%9%
Client breakdown and activity details
Individuals (other than HNW)
Clients
40,136
Regulatory AUM
$5.18B
AUM share
82.1%
Avg. per client
$129K
High-net-worth individuals
Clients
390
Regulatory AUM
$560M
AUM share
8.9%
Avg. per client
$1.44M
Insurance companies
Clients
1
Regulatory AUM
$568M
AUM share
9.0%
Avg. per client
$568M

Total

Clients
40,527
Regulatory AUM
$6.31B
AUM share
100%
Avg. per client
$156K
Clients outside the U.S.
0%
Clients advised without assets under management last fiscal year
3,264
Private funds advised
0

Fees and minimums

International City Management Association Retirement charges 0.20%–0.50% a year for its Managed Accounts; its fees and minimums are set out in its brochures on the SEC website.

Ownership and people

The leadership team of International City Management Association Retirement includes President Jeffrey Gibson, Chief Investment Officer Shari Hensrud-Ellingson and Chief Financial Officer Meredith Kelley. It has 553 employees, 174 of them in advisory roles.

Leadership

Investment adviser representatives

132 representatives listed in the SEC register as of 9 October 2026.

  • Nancy Agaiby
  • Sandra Aguilar
  • Cengiz Murat Akyol
  • Nicholl Yvette Aldridge
  • Fausto Enrique Andrade
  • Laramy Ayers
  • Keith David Barnofski
  • Natascha Barone
  • Matthew Porter Barton
  • Ben G Bates
  • Manuel Beltran Zuniga
  • Ryan Michael Bertrand

Staff

  • 553 employees
  • 174 in advisory functions
  • 150 state-registered reps
  • 206 broker-dealer reps
  • 81 insurance agents

Growth and acquisitions

International City Management Association Retirement’s regulatory assets grew 8.8× from $713M (June 2021) to $6.31B (July 2026); clients rose from 1 to 40,527 and employees fell from 662 to 553.

By annual filing
Measure
Figures from each annual filing
International City Management Association Retirement figures from each annual Form ADV filing
FiledRegulatory AUMClientsEmployeesOffices
July 2026$6.31B40,52755312
July 2025$5.96B43,86859910
July 2024$668M162310
May 2023$641M160810
May 2022$773M164110
June 2021$713M16625

Offices and registration details

Besides its headquarters, International City Management Association Retirement has 11 offices (10 private residences, listed without an address), with 2 listed addresses in Alabama and District of Columbia.

Listed office addresses by state

District of Columbia · 1 listed address

  • 777 North Capitol Street Ne, Suite 600, WashingtonHQ

Other business names

International City Management Association Retirement has reported 2 other business names to the SEC.

  • Icma Retirement Corporation
  • Icma-RC

Contact and registration details

Legal name
International City Management Association Retirement Corporation
Headquarters
777 North Capitol Street Ne, Suite 600, Washington, DC 20002-4240
Website
missionsquare.com
Phone
202-962-4600
LinkedIn
@missionsq
X
@mission_square
SEC file
801-18273
Structure
Delaware corporation
Fiscal year end
December

Custodians

International City Management Association Retirement uses Vantagetrust ($5.74B) as custodian for its separately managed accounts. International City Management Association Retirement has custody of client assets.

Reported separately managed account assets by custodian
$5.74B
named custodians
  • VantagetrustVantagetrust Company · Washington, DC · $5.74B100%

Investments and reported holdings

At year end, International City Management Association Retirement’s separately managed accounts were mostly in funds (100%). Its reported 13F holdings for the quarter ended 30 June 2026 total $230M across 6 positions; the largest are iShares (33.7%), Vanguard (26.3%) and iShares (26.2%).

What the accounts hold

Separately managed account assets by class, year end
  • Funds100%
    • Registered funds54%
    • Pooled vehicles46%

Reported 13F holdings

$230M
Reported 13F value
6
Positions
100.0%
In the 10 largest
+17.8%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. iShares · iShares Russell Mid-cap ETF Etp Usd33.7%
  2. Vanguard · Vanguard Short-term Bond ETF Etp Usd26.3%
  3. iShares · iShares Core S&P 500 ETF Etp Usd26.2%
  4. Vanguard · Vanguard Short-term Corporate Bond ETF Etp Usd6.2%
  5. SPDR Series Trust · SPDR Portfolio S&P 600 Small Cap ETF Etp Usd4.5%
  6. iShares · iShares MSCI Emerging Markets ETF Etp Usd3.0%

Together, the ten largest are 100.0% of reported value.

The 6 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 5 August 2026

Common questions

How many clients does International City Management Association Retirement have?

International City Management Association Retirement has 40,527 clients and manages $6.31 billion for them, as of July 2026. They include 40,136 individual clients, 390 high-net-worth individuals and 1 insurance company.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 July 2026

What services does International City Management Association Retirement offer?

International City Management Association Retirement provides 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 International City Management Association Retirement charge?

International City Management Association Retirement charges 0.20%–0.50% a year for its Managed Accounts.

Source: GUIDED PATHWAYS ADVISORY SERVICES, filed 27 July 2026

Which custodians does International City Management Association Retirement use?

International City Management Association Retirement’s separately managed account assets are held at Vantagetrust Company (Washington, DC), with $5.74B. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 July 2026

How many financial advisors does International City Management Association Retirement have?

International City Management Association Retirement has 150 investment adviser representatives registered with state securities authorities, out of 553 employees, and 174 perform investment advisory functions. 206 employees are registered representatives of a broker-dealer and 81 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 International City Management Association Retirement invest in?

At the end of its last fiscal year, International City Management Association Retirement’s separately managed accounts held 54% registered funds (mutual funds, ETFs, BDCs) and 46% pooled vehicles (private funds and similar).

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

How does International City Management Association Retirement get paid?

International City Management Association Retirement is paid through a percentage of assets under management. 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 International City Management Association Retirement?

International City Management Association Retirement’s main office is at 777 North Capitol Street Ne, Suite 600, Washington, DC 20002-4240. Its phone number is 202-962-4600. Its website is missionsquare.com.

Source: Form ADV Part 1A, Item 1.F, filed 27 July 2026

Sources and methodology

  1. Form ADV Part 1A, amendment filed 27 July 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. GUIDED PATHWAYS ADVISORY SERVICES, submitted 27 July 2026.
  3. SEC-filed document.
  4. SEC-filed document.
  5. IAPD firm record, CRD 108783.
  6. SEC registered adviser data, annual Form ADV amendments filed 17 June 2021 to 27 July 2026. Items 1.F and 5.
  7. SEC investment adviser representative register, as of 9 October 2026; loaded 10 October 2026.
  8. Form 13F-HR, filed 5 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since. Disciplinary history is not yet shown here. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one.

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