{"url":"https://nivawealth.com/firms/investment-consultants-314810","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/314810","regulatoryAum":122727571,"crd":"314810","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1450633","suffix":null,"lastName":"GELA","firstName":"WILLIAM","middleName":"DANIEL"}],"total":1,"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":"2021-05-05","regulatoryAum":235603760,"clients":24,"employees":1,"offices":1},{"filedOn":"2022-02-11","regulatoryAum":179953927,"clients":20,"employees":1,"offices":1},{"filedOn":"2023-03-17","regulatoryAum":152836735,"clients":21,"employees":1,"offices":1},{"filedOn":"2024-02-26","regulatoryAum":144122034,"clients":13,"employees":1,"offices":1},{"filedOn":"2025-02-18","regulatoryAum":157160681,"clients":13,"employees":1,"offices":1},{"filedOn":"2026-03-23","regulatoryAum":122727571,"clients":11,"employees":1,"offices":1}],"secFileNumber":"801-121405","legalName":"Investment Consultants LLC","displayName":"Investment Consultants","slug":"investment-consultants-314810","website":null,"classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"Illinois limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"4 June 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":1,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":122727571,"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":122727571,"nonDiscretionaryAccounts":19,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":1,"fewerThan5":true,"regulatoryAum":234635},{"label":"High-net-worth individuals","clients":7,"regulatoryAum":11531175},{"label":"Banking or thrift institutions","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Pension and profit-sharing plans","clients":1,"fewerThan5":true,"regulatoryAum":94884525},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"State or municipal government entities","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Other investment advisers","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Insurance companies","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Sovereign wealth funds and foreign official institutions","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Other","clients":2,"fewerThan5":true,"regulatoryAum":16077236}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Merrill Lynch, Pierce, Fenner & Smith Incorporated","shortName":"Merrill Lynch, Pierce, Fenner & Smith","location":"New York, NY","smaAssets":13615023},{"name":"Principal Trust Company","shortName":"Principal Trust","location":"Wilmington, DE","smaAssets":94884525}],"custodyNote":"Investment Consultants does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"William Gela","title":"Managing Director, Chief Compliance Officer & Owner","crd":"1450633"}],"ownership":[{"label":"William Gela","detail":"Managing director, chief compliance officer & owner in the 75% or more ownership band and a control person, since March 2021."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"847-492-9559","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Other"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":73},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":15},{"label":"Cash and cash equivalents","percent":8},{"label":"Other","percent":3,"detail":"US Treasury Bills"}],"privateFunds":0},"sources":{"adv1FilingDate":"23 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/314810/PDF/314810.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Investment Consultants have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Investment Consultants offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Investment Consultants use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Investment Consultants have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Investment Consultants invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Investment Consultants?","answer":"Investment Consultants’ direct owner is William Gela (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 23 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Investment Consultants get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Investment Consultants?","answer":"Its phone number is 847-492-9559.","source":"Form ADV Part 1A, Item 1.F, filed 23 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."}