Wealth manager, independent · Chicago, IL
Chicago Partners Investment Group LLC
SEC-registered investment adviser · CRD 147662 · SEC 801-69500
At a glance
Chicago Partners Investment Group LLC is an SEC-registered investment adviser based in Chicago, Illinois, with $7.5B in regulatory assets under management as of its Form ADV filed March 18, 2026. It reports 2,741 individual clients, 1,749 of them high-net-worth, holding an average of about $2.6 million each, and 73 employees. That ranks it 146th among the nation’s 5,657 independent wealth management RIAs and 12th of 226 in Illinois. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 312-284-6363chicagopartnersllc.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $7.5B
- Rank among independent wealth managers
- #146 of 5,657
- Rank among all SEC RIAs
- #1,631 of 17,210
- Rank in Illinois
- #12 of 226
- Individual clients
- 2,741
- High-net-worth clients
- 1,749
- Accounts
- 9,147
- Discretionary
- 81% of AUM
- Employees
- 73
- Advisory staff
- 38
- Offices
- 20
Owners and executives on its Form ADV
- James G. HagedornManaging Member
- James G. HagedornChief Compliance Officer
- Anthony J. HalpinFounding Partner and Chief Financial Officer
- Nicholas A GuidoPartner and Chief Operating Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Chicago Partners Investment Group LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,749 | $5.8B | 78% |
| Individuals | 992 | $1.2B | 16% |
| Charitable organizations | 20 | $201M | 3% |
| Corporations or other businesses | – | $160M | 2% |
| Pooled investment vehicles | 3 | $46M | <1% |
| Pension and profit sharing plans | – | $9M | <1% |
| Insurance companies | – | $9M | <1% |
Private funds
Chicago Partners Investment Group LLC reports 3 private funds with $113M in gross assets: hedge funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Chicago Partners Investment Group LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗chicagopartnersllc.com ↗
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Similar-size RIAs in Illinois
All of Illinois →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Altair Advisers, LLCChicago | $9.8B | 895 |
| Forum Financial Management, LPLombard | $8.7B | 5,622 |
| JMG Financial Group LTDDowners Grove | $7.5B | 1,776 |
| Lasalle St. Investment Advisors, L.L.C.Elmhurst | $5.7B | 13,711 |
| Crescent Grove AdvisorsLake Forest | $5.5B | 325 |
| Calamos Wealth Management LLCNaperville | $5.5B | 4,072 |
Background
Questions
How much does Chicago Partners Investment Group LLC manage?
Chicago Partners Investment Group LLC reports $7.5B in regulatory assets under management across 9,147 accounts, 81% of it on a discretionary basis, on its Form ADV filed March 18, 2026.
How many clients does Chicago Partners Investment Group LLC have?
It reports 2,741 individual clients: 1,749 high-net-worth individuals and 992 other individuals. Individuals account for about 94% of its regulatory assets.
Where is Chicago Partners Investment Group LLC headquartered?
Its main office is in Chicago, Illinois. It reports 20 offices in total and 73 employees, 38 of whom perform investment advisory functions.
How does Chicago Partners Investment Group LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Chicago Partners Investment Group LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed March 18, 2026, it reports these amounts held: Charles Schwab ($6.0B); Fidelity ($1.3B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Chicago Partners Investment Group LLC a hybrid RIA with a broker-dealer?
Chicago Partners Investment Group LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Chicago Partners Investment Group LLC a fiduciary?
As an SEC-registered investment adviser, Chicago Partners Investment Group LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Chicago Partners Investment Group LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-18), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →