{"url":"https://nivawealth.com/firms/phase-iii-advisory-services-122959","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/122959","regulatoryAum":210911349,"crd":"122959","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1199159","suffix":null,"lastName":"BEVER","firstName":"JOHN","middleName":"WILLIAM"},{"crd":"7844361","suffix":null,"lastName":"HOON","firstName":"ABIGAIL","middleName":"FAITH"},{"crd":"4428814","suffix":null,"lastName":"UREN","firstName":"JAMES","middleName":"MASON"}],"total":3,"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":"2021-05-12","regulatoryAum":126301635,"clients":272,"employees":3,"offices":1},{"filedOn":"2022-03-08","regulatoryAum":152247734,"clients":278,"employees":2,"offices":1},{"filedOn":"2023-07-13","regulatoryAum":136039387,"clients":285,"employees":2,"offices":1},{"filedOn":"2024-04-12","regulatoryAum":147764419,"clients":351,"employees":2,"offices":1},{"filedOn":"2025-03-18","regulatoryAum":162217520,"clients":366,"employees":3,"offices":1},{"filedOn":"2026-04-28","regulatoryAum":210911349,"clients":483,"employees":3,"offices":2}],"secFileNumber":"801-63806","legalName":"Phase III Advisory Services, LTD","displayName":"Phase III Advisory Services","slug":"phase-iii-advisory-services-122959","website":"https://phase3advisory.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Illinois corporation","fiscalYearEnd":"December","headquarters":{"street":"1110 W. Lake Cook RD, Suite 265","city":"Buffalo Grove","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60089"},"tradeNames":[],"registration":{"secApproved":"11 February 2005","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":436669.4596273292,"staff":{"employees":3,"advisory":3,"brokerDealerReps":3,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":210911349,"discretionary":157698607,"discretionaryAccounts":931,"nonDiscretionary":53212742,"nonDiscretionaryAccounts":469,"wrapProgram":65617572,"nonUsClientsPct":0,"nonAumClients":5},"clientTypes":[{"label":"Individuals (other than HNW)","clients":414,"regulatoryAum":86822880},{"label":"High-net-worth individuals","clients":69,"regulatoryAum":124088469}],"feePrograms":[{"role":"other","program":"Financial planning and consultative services","summary":"Financial planning and consultative services are billed at $360 an hour or as negotiated case by case, payable on completion of the service.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018132","versionId":1018132,"submittedOn":"2026-03-12","documentName":"PHASE III ADVISORY SERVICES, LTD ADV BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T12:39:24.185005+00:00","documents":[{"name":"PHASE III ADVISORY SERVICES, LTD ADV BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018132","versionId":1018132,"submittedOn":"2026-03-12"}]},"custodians":[{"name":"Pershing LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":165481382}],"custodyNote":"Phase III Advisory Services does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"John Bever","title":"President/Chief Compliance Officer","crd":"1199159"}],"ownership":[{"label":"John Bever","detail":"President/chief compliance officer in the 75% or more ownership band and a control person, since June 1984."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":2,"addresses":[{"street":"1110 W. Lake Cook RD, Suite 265","city":"Buffalo Grove","headquarters":true},{"street":"15 Oak Street","city":"Frankfort"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"847-520-5545","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"251-500","assetMix":[{"label":"Exchange-traded equity securities","percent":10},{"label":"U.S. government/agency bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":76},{"label":"Cash and cash equivalents","percent":12}],"privateFunds":0},"sources":{"adv1FilingDate":"28 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/122959/PDF/122959.pdf","brochureDate":"12 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018132","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Phase III Advisory Services have?","answer":"Phase III Advisory Services has 483 clients and manages $211 million for them, as of April 2026. They include 414 individual clients and 69 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 28 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Phase III Advisory Services offer?","answer":"Phase III Advisory Services provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.","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 Phase III Advisory Services use?","answer":"Phase III Advisory Services’ separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $165M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Phase III Advisory Services have?","answer":"Phase III Advisory Services has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 3 employees are 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 Phase III Advisory Services invest in?","answer":"At the end of its last fiscal year, Phase III Advisory Services’ separately managed accounts held 76% registered funds (mutual funds, ETFs, BDCs), 12% cash and equivalents, 10% exchange-traded equities and 2% U.S. government and agency bonds.","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 Phase III Advisory Services?","answer":"Phase III Advisory Services’ direct owner is John Bever (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 28 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Phase III Advisory Services get paid?","answer":"Phase III Advisory Services 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Phase III Advisory Services?","answer":"Phase III Advisory Services’ main office is at 1110 W. Lake Cook RD, Suite 265, Buffalo Grove, IL 60089. Its phone number is 847-520-5545. Its website is phase3advisory.com.","source":"Form ADV Part 1A, Item 1.F, filed 28 April 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."}