Fee-only adviser · Chicago, IL
Advisory Research Inc
Advisory Research Inc is a fee-only investment adviser registered with the U.S. Securities and Exchange Commission, with its main office in Chicago, Illinois. On its latest Form ADV, filed March 20, 2026, it reports $991M in regulatory assets under management, 405 individual clients and 8 employees who give investment advice. It reports no commission compensation, is not registered as a broker-dealer and does not act as an insurance agent.
Key facts from Form ADV
| Registration | SEC-registered |
|---|---|
| Firm CRD number | 108254 · SEC file 801-14172 |
| Office | 180 N Stetson Avenue Suite 5500 Chicago, IL 60601 |
| Phone | (312) 565-1414 |
| Website | advisoryresearch.com |
| Regulatory assets under management | $991M ($989M discretionary) |
| Individual clients | 275 non-high-net-worth, 130 high-net-worth |
| Financial planning clients | Not reported |
| How it charges | Percentage of assets |
| Services | Portfolio management |
| Employees | 14 |
| Disciplinary disclosures | None reported |
| Latest Form ADV filing | March 20, 2026 |
Source: the firm’s Form ADV Part 1A as published by the SEC’s Investment Adviser Public Disclosure database, data as of November 6, 2026. Figures are self-reported by the firm.
What this means for you
- It charges only as a percentage of the assets it manages. Ask about the fee schedule and any account minimum, which Form ADV Part 1 does not record.
- Most of its individual clients are not high-net-worth, so it is likely to work with people who are still building assets.
- It sponsors or manages a wrap fee program; ask what the bundled fee covers.
- It reports no disciplinary history on Form ADV.
Before you hire any adviser
Read the firm’s Form ADV Part 2 brochure on its SEC record: it sets out fees, minimums, conflicts of interest and who will manage your money. Ask whether the firm acts as a fiduciary for all of your accounts, how it is paid in total, and who holds your assets. Our guide to choosing a financial adviser lists the questions to ask.
Other fee-only advisers in Chicago
- Cohen Capital $1.1B
- Altair Advisers, LLC $9.8B
- Chicago Capital, LLC $4.8B
- Pekin Hardy Strauss, Inc. $1.6B
- Chesley, Taft & Associates, LLC $3.0B
- Lake Street $1.2B
See all 112 fee-only advisers in Chicago →
Nearby
- Chicago, Il 1 firm
- Oak Park 6 firms
- Lincolnwood 1 firm
- Riverside 1 firm
- River Grove 1 firm
- Skokie 3 firms
- Evanston 5 firms
- La Grange 2 firms
Comparing several firms? Tell us what you need and we will suggest fee-only advisers that fit. Work at Advisory Research Inc? Update this listing.