{"url":"https://nivawealth.com/firms/ullico-investment-advisors-106628","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106628","regulatoryAum":13924070380,"crd":"106628","secFileNumber":"801-36371","legalName":"Ullico Investment Advisors, Inc.","displayName":"Ullico Investment Advisors","website":"http://www.ullico.com","linkedinUrl":"https://www.linkedin.com/company/ullico/","founded":null,"organization":"Maryland corporation","fiscalYearEnd":"December","headquarters":{"street":"7373 Wisconsin Ave, Suite 2000","city":"Bethesda","state":"MD","stateName":"Maryland","country":"United States","postalCode":"20814"},"tradeNames":["Uia Investment Management, LLC (relying Adviser)","Uif GP, LLC (relying Addviser)","Ullico Dief, LLC (relying Adviser)","Ullico Infrastructure Management Company, LLC (relying Adviser)","Ullico Iscf, LLC (relying Adviser)","Ullico Value-Add Fund I GP LLC (relying Adviser)"],"registration":{"secApproved":"20 April 1990","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":92,"advisory":58,"brokerDealerReps":21,"insuranceAgents":7,"promoters":1},"aum":{"discretionary":13924070380,"discretionaryAccounts":25,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":4,"nonAumClients":1},"clientTypes":[{"label":"Banking or thrift institutions","clients":1,"regulatoryAum":116760229},{"label":"Pooled investment vehicles","clients":12,"regulatoryAum":13052415623},{"label":"Pension and profit-sharing plans","clients":10,"regulatoryAum":530686681},{"label":"Other investment advisers","clients":1,"regulatoryAum":0},{"label":"Insurance companies","clients":1,"regulatoryAum":224207847}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"BNY","shortName":"BNY","location":"Everett, MA","smaAssets":224207847},{"name":"U.S. Bank, National Association","shortName":"U.S. Bank, National Association","location":"ST. Louis, MO","smaAssets":451406030},{"name":"Caceis Bank","shortName":"Caceis Bank","location":"Montrouge","smaAssets":116760229}],"custodyNote":"Ullico Investment Advisors has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Hugh Darcey","title":"SR. Vice President, Real Estate Equity Fund","crd":"6608982"},{"name":"Peter Haley","title":"SR. Vice President","crd":"5511027"},{"name":"Cathy Humphrey","title":"SR. Vice President","crd":"4899999"},{"name":"Herbert Kolben","title":"Director, SR. Vice President","crd":"5655370"},{"name":"Joseph Linehan","title":"President, Director","crd":"4951041"},{"name":"Yinan Yu","title":"Chief Financial Officer, Secretary, Treasurer, Director","crd":"7787306"},{"name":"Cathy Humphrey","title":"Director, Chief Operating Officer","crd":"4899999"},{"name":"Richard Larocque","title":"Chief Compliance Officer","crd":"2874559"},{"name":"Kenneth Scott","title":"Director","crd":"731493"}],"ownership":[{"label":"Ullico Inc.","detail":"Beneficial owner in the 75% or more ownership band and a control person, since January 1990."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":5,"privateResidences":0},"listedOfficeAddresses":6,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"4695 Macarthur Court","city":"Newport Beach"}]},{"state":"District of Columbia","offices":1,"addresses":[{"street":"1625 Eye ST NW","city":"Washington"}]},{"state":"Illinois","offices":1,"addresses":[{"street":"320 S Canal Street","city":"Chicago"}]},{"state":"Maryland","offices":1,"addresses":[{"street":"7373 Wisconsin Ave, Suite 2000","city":"Bethesda","headquarters":true}]},{"state":"New York","offices":1,"addresses":[{"street":"420 Lexington Avenue","city":"New York"}]},{"state":"North Carolina","offices":1,"addresses":[{"street":"1215 Environ Way","city":"Chapel Hill"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"202-962-8951","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":10},{"label":"U.S. government/agency bonds","percent":43},{"label":"U.S. state and local bonds","percent":4},{"label":"Investment grade corporate bonds","percent":26},{"label":"Securities issued by registered investment companies or business development companies","percent":1},{"label":"Cash and cash equivalents","percent":11},{"label":"Other","percent":4,"detail":"Other Includes Abs, CMBS, Non-US Govt/Agency and Private Placements"}],"privateFunds":9},"sources":{"adv1FilingDate":"4 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106628/PDF/106628.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Ullico Investment Advisors have?","answer":"Ullico Investment Advisors has 25 clients and manages $13.9 billion for them, as of August 2026. They include 12 pooled investment vehicles, 10 pension and profit-sharing plans and 1 banking or thrift institutions.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 4 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Ullico Investment Advisors offer?","answer":"Ullico Investment Advisors provides portfolio management for pooled vehicles, portfolio management for institutions 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 Ullico Investment Advisors use?","answer":"Ullico Investment Advisors’ separately managed account assets are held at U.S. Bank, National Association (ST. Louis, MO), with $451,406,030, BNY (Everett, MA), with $224,207,847 and Caceis Bank (Montrouge), with $116,760,229. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Ullico Investment Advisors have?","answer":"Ullico Investment Advisors has 0 investment adviser representatives registered with state securities authorities, out of 92 employees, and 58 perform investment advisory functions. 21 are registered representatives of a broker-dealer and 7 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 Ullico Investment Advisors invest in?","answer":"At the end of its last fiscal year, Ullico Investment Advisors’ separately managed accounts held 43% U.S. government and agency bonds, 26% investment grade corporate bonds, 11% cash and equivalents, 10% exchange-traded equities, 4% state and local bonds, 4% other includes abs, cmbs, non-us govt/agency and private placements and 1% registered funds (mutual funds, ETFs, BDCs). It advises 9 private funds.","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 Ullico Investment Advisors?","answer":"Ullico Investment Advisors’ direct owner is Ullico Inc. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 4 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Ullico Investment Advisors get paid?","answer":"Ullico Investment Advisors is paid through a percentage of assets under management. 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":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. 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."}