Investment Consultants provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions. Financial planning was provided to 1–10 clients last fiscal year.
Investment Consultants reports 11 clients. They include 7 high-net-worth individuals, 2 other clients and 1 individual client. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $123M across 19 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 9% | <1% |
| High-net-worth individuals | 64% | 9% |
| Banking or thrift institutions | Fewer than 5 | 0% |
| Pension and profit-sharing plans | 9% | 77% |
| Charitable organizations | Fewer than 5 | 0% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses; Other | 18% | 13% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | Fewer than 5 | $235K | 0.2% | $235K |
| High-net-worth individuals | 7 | $11.5M | 9.4% | $1.65M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | Fewer than 5 | $94.9M | 77.3% | $94.9M |
| Charitable organizations | Fewer than 5 | $0 | 0.0% | — |
| State or municipal government entities | Fewer than 5 | $0 | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $0 | 0.0% | — |
| Other | Fewer than 5 | $16.1M | 13.1% | $8.04M |
| Total | 11 | $123M | 100% | — |
- Clients
- Fewer than 5
- Regulatory AUM
- $235K
- AUM share
- 0.2%
- Avg. per client
- $235K
- Clients
- 7
- Regulatory AUM
- $11.5M
- AUM share
- 9.4%
- Avg. per client
- $1.65M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $94.9M
- AUM share
- 77.3%
- Avg. per client
- $94.9M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $16.1M
- AUM share
- 13.1%
- Avg. per client
- $8.04M
Total
- Clients
- 11
- Regulatory AUM
- $123M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 1–10
Investment Consultants is paid through a percentage of assets under management and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
William Gela owns 75% or more of Investment Consultants. The leadership team of Investment Consultants includes Chief Compliance Officer William Gela. It has 1 employee.
Staff
- 1 employee
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Investment Consultants LLC
William Gela
Control person · since March 2021
Investment Consultants’ regulatory assets fell from $236M (May 2021) to $123M (March 2026); clients fell from 24 to 11 and employees were 1 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $123M | 11 | 1 | 1 |
| Feb 2025February 2025 | $157M | 13 | 1 | 1 |
| Feb 2024February 2024 | $144M | 13 | 1 | 1 |
| Mar 2023March 2023 | $153M | 21 | 1 | 1 |
| Feb 2022February 2022 | $180M | 20 | 1 | 1 |
| May 2021May 2021 | $236M | 24 | 1 | 1 |
Besides its headquarters, Investment Consultants has 0 offices, with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- Investment Consultants LLC
- Headquarters
- Not reported
- Website
- Not reported
- Phone
- 847-492-9559
- SEC file
- 801-121405
- Structure
- Illinois LLC
- Fiscal year end
- December
Investment Consultants’ named custodians for separately managed accounts are Principal Trust ($94.9M, 87%) and Merrill Lynch, Pierce, Fenner & Smith ($13.6M, 13%). Investment Consultants does not have custody of client assets.
- Merrill Lynch, Pierce, Fenner & SmithMerrill Lynch, Pierce, Fenner & Smith Incorporated · New York, NY · $13.6M13%
- Principal TrustPrincipal Trust Company · Wilmington, DE · $94.9M87%
At year end, Investment Consultants’ separately managed accounts were mostly in funds (88%).
What the accounts hold
- Stocks1%
- Funds88%
- Registered funds73%
- Pooled vehicles15%
- Cash8%
- Other3%
- Us treasury bills3%
How many clients does Investment Consultants have?
Investment Consultants has 11 clients and manages $123 million for them, as of March 2026. They include 7 high-net-worth individuals, 2 other clients and 1 individual client.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026
What services does Investment Consultants offer?
Investment Consultants 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
Which custodians does Investment Consultants use?
Investment Consultants’ separately managed account assets are held at Principal Trust Company (Wilmington, DE), with $94.9M and Merrill Lynch, Pierce, Fenner & Smith Incorporated (New York, NY), with $13.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026
How many financial advisors does Investment Consultants have?
Investment Consultants has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 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 Investment Consultants invest in?
At the end of its last fiscal year, Investment Consultants’ separately managed accounts held 73% registered funds (mutual funds, ETFs, BDCs), 15% pooled vehicles (private funds and similar), 8% cash and equivalents, 3% other and 1% exchange-traded equities. The 3% other category is described as: US Treasury Bills.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Investment Consultants?
Investment Consultants’ direct owner is William Gela (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 23 March 2026
How does Investment Consultants get paid?
Investment Consultants is paid through a percentage of assets under management 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 Investment Consultants?
Its phone number is 847-492-9559.