{"url":"https://nivawealth.com/firms/marquette-associates-21572","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/21572","regulatoryAum":47058531850,"crd":"21572","secFileNumber":"801-54006","legalName":"Marquette Associates, Inc.","displayName":"Marquette Associates","website":"http://www.marquetteassociates.com","linkedinUrl":"https://www.linkedin.com/company/marquette-associates/","founded":null,"organization":"Illinois corporation","fiscalYearEnd":"December","headquarters":{"street":"180 North Lasalle Street, Suite 3500","city":"Chicago","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60601"},"tradeNames":[],"registration":{"secApproved":"25 March 1997","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":147,"advisory":64,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":29520628869,"discretionaryAccounts":216,"nonDiscretionary":17537902981,"nonDiscretionaryAccounts":132,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":754},"clientTypes":[{"label":"High-net-worth individuals","clients":103,"regulatoryAum":4933735482},{"label":"Pension and profit-sharing plans","clients":29,"regulatoryAum":17234531638},{"label":"Charitable organizations","clients":143,"regulatoryAum":17164234633},{"label":"State or municipal government entities","clients":52,"regulatoryAum":5342126597},{"label":"Corporations and other businesses","clients":2,"regulatoryAum":48199476},{"label":"Other","clients":19,"regulatoryAum":2335704024}],"fees":[],"feeNotes":[],"custodians":[{"name":"Principal Global Investors","shortName":"Principal Global Investors","location":"Des Moines, IA","smaAssets":9864426084},{"name":"Midwest Institutional Trust Company","shortName":"Midwest Institutional Trust","location":"Wauwatosa, WI","smaAssets":6355921985},{"name":"U.S. Bancorp Asset Management","shortName":"U.S. Bancorp Asset Management","location":"Minneapolis, MN","smaAssets":4578082005}],"custodyNote":"Marquette Associates has custody of $48.91B for 364 clients.","otherCustodians":[],"leadership":[{"name":"Brian Wrubel","title":"Chief Executive Officer","crd":"1912479"},{"name":"Nathaniel Kellogg","title":"President","crd":"5305957"},{"name":"Miguel Zarate","title":"Partner / Chief Operating Officer","crd":"7089643"},{"name":"Linsey Payne","title":"Partner / Chief Compliance Officer","crd":"7424047"},{"name":"Timothy Burdick","title":"Partner","crd":"4517875"},{"name":"Brett Christenson","title":"Partner","crd":"5066485"},{"name":"Kweku Obed","title":"Partner","crd":"4368925"},{"name":"Thomas Salemy","title":"Partner","crd":"4998169"},{"name":"David Smith","title":"Partner","crd":"4986737"},{"name":"James Wesner","title":"Partner","crd":"4492480"}],"ownership":[{"label":"Brian Wrubel","detail":"Chief executive officer in the 10% to 25% ownership band and a control person, since July 1997."},{"label":"Timothy Burdick","detail":"Partner in the 5% to 10% ownership band, since January 2006."},{"label":"Brett Christenson","detail":"Partner in the 5% to 10% ownership band, since January 2005."},{"label":"Thomas Salemy","detail":"Partner in the 5% to 10% ownership band, since January 2019."},{"label":"Miguel Zarate","detail":"Partner / chief operating officer in the 5% to 10% ownership band, since January 2019."},{"label":"David Smith","detail":"Partner in the 5% to 10% ownership band, since January 2014."},{"label":"James Wesner","detail":"Partner in the 5% to 10% ownership band, since January 2014."},{"label":"Kweku Obed","detail":"Partner in the 5% to 10% ownership band, since January 2017."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":8,"privateResidences":4},"listedOfficeAddresses":5,"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"180 North Lasalle Street, Suite 3500","city":"Chicago","headquarters":true}]},{"state":"Maryland","offices":1,"addresses":[{"street":"225 Schilling Circle","city":"Hunt Valley"}]},{"state":"Missouri","offices":1,"addresses":[{"street":"12444 Powerscourt Drive","city":"ST. Louis"}]},{"state":"Pennsylvania","offices":1,"addresses":[{"street":"600 Willowbrook Lane","city":"West Chester"}]},{"state":"Wisconsin","offices":1,"addresses":[{"street":"731 N. Water Street","city":"Milwaukee"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"312-527-5500","stateRegisteredReps":7,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)","Publication of periodicals or newsletters","Educational seminars/workshops","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":26},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":41},{"label":"Cash and cash equivalents","percent":3},{"label":"Other","percent":29,"detail":"Third Party Smas"}],"privateFunds":0},"sources":{"adv1FilingDate":"15 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/21572/PDF/21572.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Marquette Associates have?","answer":"Marquette Associates has 348 clients and manages $47.1 billion for them, as of May 2026. They include 143 charitable organizations, 103 high-net-worth individuals and 52 state or municipal government entities.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 15 May 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Marquette Associates offer?","answer":"Marquette Associates provides portfolio management for individuals and small businesses, pension consulting, selecting other managers, publishing newsletters, educational seminars and other activities.","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 Marquette Associates use?","answer":"Marquette Associates’ separately managed account assets are held at Principal Global Investors (Des Moines, IA), with $9,864,426,084, Midwest Institutional Trust Company (Wauwatosa, WI), with $6,355,921,985 and U.S. Bancorp Asset Management (Minneapolis, MN), with $4,578,082,005. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 May 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Marquette Associates have?","answer":"Marquette Associates has 7 investment adviser representatives registered with state securities authorities, out of 147 employees, and 64 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 Marquette Associates invest in?","answer":"At the end of its last fiscal year, Marquette Associates’ separately managed accounts held 41% pooled vehicles (private funds and similar), 29% third party smas, 26% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents and 1% 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Marquette Associates?","answer":"Marquette Associates’ direct owners are Brian Wrubel, Timothy Burdick, Brett Christenson, Thomas Salemy, Miguel Zarate, David Smith, James Wesner and Kweku Obed, each holding 25% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 15 May 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Marquette Associates get paid?","answer":"Marquette Associates is paid through a percentage of assets under management, hourly charges, 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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/marquette-associates-21572/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/2042617/000139834426014469/0001398344-26-014469-index.html","totalValue":137192107,"positionCount":38,"top10Share":0.8774355728788391,"top10":[{"issuer":"STATE STR SPDR S&P 500 ETF T","titleOfClass":"TR UNIT","cusip":"78462F103","value":20393972,"shares":27310,"shareType":"SH","priorValue":13400051,"priorShares":20605},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"TOTAL STK MKT","cusip":"922908769","value":18312910,"shares":49489,"shareType":"SH","priorValue":2160335,"priorShares":6734},{"issuer":"ISHARES TR","titleOfClass":"CORE MSCI 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Facts as filed; not a rating, ranking, or recommendation. Niva Wealth 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."}