Wealth manager, independent · Scottsdale, AZ
Ironwood Investment Counsel, LLC
SEC-registered investment adviser · CRD 110623 · SEC 801-60073
At a glance
Ironwood Investment Counsel, LLC is an SEC-registered investment adviser based in Scottsdale, Arizona, with $1.8B in regulatory assets under management as of its Form ADV filed March 24, 2026. It reports 549 individual clients, 300 of them high-net-worth, holding an average of about $2.9 million each, and 22 employees. That ranks it 627th among the nation’s 5,657 independent wealth management RIAs and 12th of 125 in Arizona. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 480-609-4700ironwoodic.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.8B
- Rank among independent wealth managers
- #627 of 5,657
- Rank among all SEC RIAs
- #3,906 of 17,210
- Rank in Arizona
- #12 of 125
- Individual clients
- 549
- High-net-worth clients
- 300
- Accounts
- 2,525
- Discretionary
- 100% of AUM
- Employees
- 22
- Advisory staff
- 12
- Offices
- 1
Owners and executives on its Form ADV
- Matthew J. CarterManaging Partner/chief Compliance Officer
- Matthew S. KellyPartner, Senior Wealth Advisor
- Brian N. JacksonPartner, Senior Portfolio Manager
Custody and brokerage
Broker-dealer
No broker-dealer ties
Ironwood Investment Counsel, 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 | 300 | $1.4B | 78% |
| Individuals | 249 | $212M | 12% |
| Other investment advisers | – | $97M | 6% |
| Charitable organizations | 5 | $30M | 2% |
| Pension and profit sharing plans | – | $28M | 2% |
| Corporations or other businesses | – | $21M | 1% |
Disciplinary disclosures
Ironwood Investment Counsel, 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 businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗ironwoodic.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,227 peers of its type and size
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- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Arizona
All of Arizona →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Xcelsior Advisor Partners LLCScottsdale | $2.5B | 1,450 |
| Verus Capital Partners, LLCScottsdale | $2.3B | 5,086 |
| Versant Capital Management, Inc.Phoenix | $1.8B | 466 |
| AWM Capital, LLCPhoenix | $1.5B | 455 |
| Total Investment Management, Inc.Scottsdale | $1.4B | 1,184 |
| MSH Capital Advisors LLCScottsdale | $1.3B | 2,257 |
Background
Questions
How much does Ironwood Investment Counsel, LLC manage?
Ironwood Investment Counsel, LLC reports $1.8B in regulatory assets under management across 2,525 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 24, 2026.
How many clients does Ironwood Investment Counsel, LLC have?
It reports 549 individual clients: 300 high-net-worth individuals and 249 other individuals. Individuals account for about 90% of its regulatory assets.
Where is Ironwood Investment Counsel, LLC headquartered?
Its main office is in Scottsdale, Arizona. It reports 1 office in total and 22 employees, 12 of whom perform investment advisory functions.
How does Ironwood Investment Counsel, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Ironwood Investment Counsel, 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 24, 2026, it reports these amounts held: Charles Schwab ($1.3B); Fidelity ($402M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Ironwood Investment Counsel, LLC a hybrid RIA with a broker-dealer?
Ironwood Investment Counsel, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Ironwood Investment Counsel, LLC a fiduciary?
As an SEC-registered investment adviser, Ironwood Investment Counsel, 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 Ironwood Investment Counsel, 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 (2026-03-24), 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 →