Investment Consulting Group Inc (Davenport)


Investment Consulting Group Inc is a large advisory firm based in Davenport. It manages $1.8 billion of regulatory assets for 157 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Illinois, Indiana, and 3 other states.

Investment Consulting Group provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Investment Consulting Group: assets under management

The assets under management (AUM) of Investment Consulting Group Inc is $1.8 billion. The firm's AUM has grown by 23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.8 billion in discretionary accounts and $1.11 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.97 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $157.9 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 6% of the firm’s portfolio. Investments in government bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Investment Consulting Group Inc for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Donald Ray Stanforth serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Donald Ray Stanforth is pension and profit sharing plans with 37 clients and $1.33 billion of assets under management. Among the 8 most similar advisory firms, Investment Consulting Group has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.62 billion for 150 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Investment Consulting Group doesn't advise any private funds.

Careers at Investment Consulting Group Inc

The company employs 8 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Donald Ray Stanforth has been acting as President since 1 May 1990. Lisa Anne Curran Stanforth joined the executive team most recently as the Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Donald Ray Stanforth President/chief compliance officer 1 May 1990 75% - 100% 702426
Rita Curran Stanforth Secretary/treasurer 1 Feb 1997 Other 3050717
Ross Curran Stanforth Vice president/director 1 Mar 2005 Other 5119305
Austin Curran Stanforth Director 1 Feb 2008 Other 5499535
Lisa Anne Curran Stanforth Director 1 Nov 2009 Other 6039381

Based in Davenport

The principal office where Investment Consulting Group Inc performs its advisory services is located at 5117 Jersey Ridge Road, Suite 1, Davenport, IA 52807, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 563-322-2322 or by fax 563-322-4966. The normal business hours are 8:00 am-12:00 1:00-5:00 pm on Monday - Friday. You can find more information about the New York firm at investmentconsultinggroupinc.com.