Clients
Investment Research & Advisory Group serves 302 clients, 103 of them high-net-worth individuals. The average client has about $51 million with the firm, and high-net-worth clients hold 4% of its $15.4 billion in assets.
- High-net-worth individuals103 clients4%
- Pension and profit-sharing plans85 clients90%
- Other20 clients4%
- OtherIndividuals, Charitable organizations, State or municipal government entities, Corporations and other businesses2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 89 | $36,980,203 | 0.2% | $416K |
| High-net-worth individuals | 103 | $600,386,079 | 3.9% | $5.83M |
| Pension and profit-sharing plans | 85 | $13,841,768,801 | 89.8% | $162.8M |
| Charitable organizations | 5 | $51,552,120 | 0.3% | $10.3M |
| State or municipal government entities | 0 | $287,942,819 | 1.9% | — |
| Corporations and other businesses | 0 | $7,909,891 | 0.1% | — |
| Other | 20 | $590,201,701 | 3.8% | $29.5M |
| Total | 302 | $15,416,741,614 | 100% | $51.0M |
- Clients
- 89
- Regulatory AUM
- $36,980,203
- Share
- 0.2%
- Avg. per client
- $416K
- Clients
- 103
- Regulatory AUM
- $600,386,079
- Share
- 3.9%
- Avg. per client
- $5.83M
- Clients
- 85
- Regulatory AUM
- $13,841,768,801
- Share
- 89.8%
- Avg. per client
- $162.8M
- Clients
- 5
- Regulatory AUM
- $51,552,120
- Share
- 0.3%
- Avg. per client
- $10.3M
- Clients
- 0
- Regulatory AUM
- $287,942,819
- Share
- 1.9%
- Avg. per client
- —
- Clients
- 0
- Regulatory AUM
- $7,909,891
- Share
- 0.1%
- Avg. per client
- —
- Clients
- 20
- Regulatory AUM
- $590,201,701
- Share
- 3.8%
- Avg. per client
- $29.5M
Total
- Clients
- 302
- Regulatory AUM
- $15,416,741,614
- Share
- 100%
- Avg. per client
- $51.0M
What it does
Investment Research & Advisory Group provides financial planning, portfolio management for individuals and small businesses, pension consulting and educational seminars. It is paid through a percentage of assets, fixed fees and other arrangements.
Investment Research & Advisory Group provided financial planning to 101–250 clients last fiscal year and advises no private funds.
6.8% of assets ($1.06B across 570 accounts) are managed with discretion; $14.36B across 121 accounts are not. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks3%
- Funds87%
- Registered funds81%
- Pooled vehicles6%
- Cash10%
Custodians
Investment Research & Advisory Group’s client accounts are held mainly at Fidelity, with 45% of managed assets. Investment Research & Advisory Group has custody of $189.9M for 80 clients.
- FidelityFidelity Distributors Company LLC · Smithfield, RI · $6.96B45%
- All other custodians$8.45B55%
Ownership and leadership
Douglas Leeson owns 75% or more of Investment Research & Advisory Group.
- Owns 75% or more of Investment Research & Advisory Group, Inc.
Douglas Leeson
Control person · since March 1992
Leadership
- Lauren MonceChief Compliance Officer
- Douglas LeesonPrincipal
Staff
- 19 employees
- 18 in advisory functions
- 17 state-registered reps
Reported holdings
Investment Research & Advisory Group’s reported 13F holdings total $323.9M across 314 positions, and the ten largest make up 55.8% of it.
- $323.9M
- Reported 13F value
- 314
- Positions
- 55.8%
- In the 10 largest
- +13.1%
- Value vs. prior quarter
- Vanguard S&P 500 ETF · S&P 500 ETF Shs25.0%
- Apple Inc.6.9%
- Alphabet Inc. Class A · Cap Stk CL A4.6%
- Nvidia Corp.4.0%
- Amazon.com Inc.3.0%
- Eli Lilly And CO2.8%
- JPMORGAN Chase & CO2.6%
- Microsoft Corp.2.5%
- ASML Hldg N V Fsponsored ADR 1 ADR Reps 1 Ord Shs · N Y Registery Shs2.3%
- Mastercard Inc. Class Class A · CL A2.2%
Together, the ten largest are 55.8% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $323.9M is not its $15.42B in regulatory assets and does not represent any individual client's portfolio.
Fees
Investment Research & Advisory Group is paid through a percentage of assets under management, fixed fees (other than subscription fees) and other.
Investment Research & Advisory Group’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Investment Research & Advisory Group has 0 offices, with 1 listed address in 1 state.
Georgia · 1 listed address
- 1230 Peachtree Street Ne, Suite 3800, AtlantaHQ
Registration details
- Legal name
- Investment Research & Advisory Group, Inc.
- Headquarters
- 1230 Peachtree Street Ne, Suite 3800, Atlanta, GA 30309
- Phone
- 404-760-3730
- Website
- Not reported
- SEC file
- 801-70558
- Structure
- Georgia corporation
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Investment Research & Advisory Group have?
Investment Research & Advisory Group has 302 clients and manages $15.4 billion for them, as of March 2026. They include 103 high-net-worth individuals, 89 other individuals and 85 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 March 2026
What services does Investment Research & Advisory Group offer?
Investment Research & Advisory Group provides financial planning, portfolio management for individuals and small businesses, pension consulting and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Investment Research & Advisory Group use?
Investment Research & Advisory Group’s separately managed account assets are held at Fidelity Distributors Company LLC (Smithfield, RI), with $6,964,210,013. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 March 2026
How many financial advisors does Investment Research & Advisory Group have?
Investment Research & Advisory Group has 17 investment adviser representatives registered with state securities authorities, out of 19 employees, and 18 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 Research & Advisory Group invest in?
At the end of its last fiscal year, Investment Research & Advisory Group’s separately managed accounts held 81% registered funds (mutual funds, ETFs, BDCs), 10% cash and equivalents, 6% pooled vehicles (private funds and similar) and 3% exchange-traded equities. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Investment Research & Advisory Group?
Investment Research & Advisory Group’s direct owner is Douglas Leeson (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 11 March 2026
How does Investment Research & Advisory Group get paid?
Investment Research & Advisory Group is paid through a percentage of assets under management, fixed fees and other arrangements. 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