Investment Consulting Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, and educational seminars. Financial planning was provided to 101–250 clients last fiscal year.
Investment Consulting Group reports 179 clients. They include 71 high-net-worth individuals, 53 individual clients, and 28 pension and profit-sharing plans. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $2.84B across 504 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 30% | <1% |
| High-net-worth individuals | 40% | 11% |
| Pension and profit-sharing plans | 16% | 78% |
| Charitable organizations | 3% | 1% |
| Insurance companies | Fewer than 5 | <1% |
| Other client typesCorporations and other businesses; Other | 12% | 9% |
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) | 53 | $22.7M | 0.8% | $429K |
| High-net-worth individuals | 71 | $326M | 11.5% | $4.59M |
| Pension and profit-sharing plans | 28 | $2.21B | 77.7% | $78.9M |
| Charitable organizations | 6 | $31.2M | 1.1% | $5.21M |
| Insurance companies | Fewer than 5 | $5.42M | 0.2% | — |
| Corporations and other businesses | 16 | $62.1M | 2.2% | $3.88M |
| Other | 5 | $185M | 6.5% | $37.1M |
| Total | 179 | $2.84B | 100% | — |
- Clients
- 53
- Regulatory AUM
- $22.7M
- AUM share
- 0.8%
- Avg. per client
- $429K
- Clients
- 71
- Regulatory AUM
- $326M
- AUM share
- 11.5%
- Avg. per client
- $4.59M
- Clients
- 28
- Regulatory AUM
- $2.21B
- AUM share
- 77.7%
- Avg. per client
- $78.9M
- Clients
- 6
- Regulatory AUM
- $31.2M
- AUM share
- 1.1%
- Avg. per client
- $5.21M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.42M
- AUM share
- 0.2%
- Avg. per client
- —
- Clients
- 16
- Regulatory AUM
- $62.1M
- AUM share
- 2.2%
- Avg. per client
- $3.88M
- Clients
- 5
- Regulatory AUM
- $185M
- AUM share
- 6.5%
- Avg. per client
- $37.1M
Total
- Clients
- 179
- Regulatory AUM
- $2.84B
- 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
- 101–250
Investment Consulting Group is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
Donald Stanforth owns 75% or more of Investment Consulting Group. The leadership team of Investment Consulting Group includes President Donald Stanforth and Chief Compliance Officer Ross Stanforth. It has 7 employees, 3 of them in advisory roles.
Leadership
- Donald StanforthPresident
- Ross StanforthVice President/Director/Chief Compliance Officer
- Rita StanforthSecretary/Treasurer
- Austin StanforthDirector
- Lisa Anne StanforthDirector
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Shane Matthew Curry
- Donald Ray Stanforth
- Ross Curran Stanforth
Staff
- 7 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 75% or more of Investment Consulting Group Inc
Donald Stanforth
Control person · since May 1990
- Owns 5% to 10% of Investment Consulting Group Inc
Ross Stanforth
since March 2005
Investment Consulting Group’s regulatory assets grew from $2.38B (March 2021) to $2.84B (August 2026); clients rose from 164 to 179 and employees from 2 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $2.84B | 179 | 7 | 2 |
| Mar 2025March 2025 | $2.6B | 184 | 7 | 1 |
| Mar 2024March 2024 | $2.38B | 195 | 2 | 1 |
| Apr 2023April 2023 | $2.1B | 168 | 2 | 1 |
| Mar 2022March 2022 | $2.71B | 169 | 2 | 1 |
| Mar 2021March 2021 | $2.38B | 164 | 2 | 1 |
Besides its headquarters, Investment Consulting Group has 1 office, with 2 listed addresses across 2 states.
Iowa · 1 listed address
- 5117 Jersey Ridge Road, Suite 1, DavenportHQ
New York · 1 listed address
- 3 Railroad St Building D, Fairport
Contact and registration details
- Legal name
- Investment Consulting Group Inc
- Headquarters
- 5117 Jersey Ridge Road, Suite 1, Davenport, IA 52807
- Website
- icginc.co
- Phone
- 563-322-2322
- SEC file
- 801-38594
- Structure
- Illinois corporation
- Fiscal year end
- December
Investment Consulting Group’s named custodians for separately managed accounts include Quad City Bank & Trust ($985M, 49%), Charles Schwab ($383M, 19%) and The Vanguard Group ($333M, 16%). Investment Consulting Group does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $383M19%
- Quad City Bank & TrustQuad City Bank & Trust · Moline, IL · $985M49%
- The Vanguard GroupThe Vanguard Group, Inc. · Malvern, PA · $333M16%
- First National AdvisersFirst National Advisers, LLC · Omaha, NE · $323M16%
At year end, Investment Consulting Group’s separately managed accounts were mostly in funds (72%) and stocks (13%).
What the accounts hold
- Stocks13%
- Funds72%
- Registered funds67%
- Pooled vehicles5%
- Bonds9%
- U.S. government and agency bonds5%
- Investment grade corporate bonds3%
- High-yield corporate bonds1%
- Cash6%
How many clients does Investment Consulting Group have?
Investment Consulting Group has 179 clients and manages $2.84 billion for them, as of August 2026. They include 71 high-net-worth individuals, 53 individual clients, and 28 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 August 2026
What services does Investment Consulting Group offer?
Investment Consulting Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Investment Consulting Group use?
Investment Consulting Group’s separately managed account assets are held at Quad City Bank & Trust (Moline, IL), with $985M, Charles Schwab & Co., Inc. (San Francisco, CA), with $383M, The Vanguard Group, Inc. (Malvern, PA), with $333M and First National Advisers, LLC (Omaha, NE), with $323M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 August 2026
How many financial advisors does Investment Consulting Group have?
Investment Consulting Group has 3 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 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 Consulting Group invest in?
At the end of its last fiscal year, Investment Consulting Group’s separately managed accounts held 67% registered funds (mutual funds, ETFs, BDCs), 13% exchange-traded equities, 6% cash and equivalents, 5% U.S. government and agency bonds, 5% pooled vehicles (private funds and similar), 3% investment grade corporate bonds and 1% high-yield corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Investment Consulting Group?
Investment Consulting Group’s direct owners are Donald Stanforth (75% or more) and Ross Stanforth (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 August 2026
How does Investment Consulting Group get paid?
Investment Consulting Group 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
How do I contact Investment Consulting Group?
Investment Consulting Group’s main office is at 5117 Jersey Ridge Road, Suite 1, Davenport, IA 52807. Its phone number is 563-322-2322. Its website is icginc.co.