Private fund adviser · Bethesda, MD
Ullico Investment Advisors, Inc.
SEC-registered investment adviser · CRD 106628 · SEC 801-36371
At a glance
Ullico Investment Advisors, Inc. is an SEC-registered investment adviser based in Bethesda, Maryland, with $13.9 billion in regulatory assets under management as of its Form ADV filed August 4, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 485th of 4,686 private fund advisers and 1,098th of 17,210 SEC-registered advisers by assets.
Main office 202-962-8951ullico.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $14B
- Rank among private fund advisers
- #485 of 4,686
- Rank among all SEC RIAs
- #1,098 of 17,210
- Rank in Maryland
- #11 of 227
- Clients
- 25
- Accounts
- 25
- Discretionary
- 100% of AUM
- Employees
- 92
- Advisory staff
- 58
- Offices
- 6
Owners and executives on its Form ADV
- Joseph R. LinehanPresident, Director
- Cathy A. HumphreyDirector, Chief Operating Officer
- Herbert KolbenDirector, SR. Vice President
- Richard F. LarocqueChief Compliance Officer
- Kenneth D. ScottDirector
- Hugh J. DarceySR. Vice President, Real Estate Equity Fund
- Yinan YuChief Financial Officer, Secretary, Treasurer, Director
- Cathy A. HumphreySR. Vice President
- Peter T HaleySR. Vice President
Custody and brokerage
3 custodians
Broker-dealer
Hybrid RIA
Ullico Investment Advisors, Inc. is a hybrid RIA: 21 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Ullico Investment Company, LLC.
- Ullico Investment Company, LLC ↗CRD 135195
Its Form ADV brochure (filed August 2026) names Ullico Investment Company as the broker-dealer its advisers are registered with.
UIC pays c ommissions to registered representatives of UIC, who may also be UIA employees, for sales of the Private Funds.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 12 | $13B | 94% |
| Pension and profit sharing plans | 10 | $531M | 4% |
| Insurance companies | 1 | $224M | 2% |
| Banking or thrift institutions | 1 | $117M | <1% |
| Other investment advisers | 1 | $0M | 0% |
Private funds
Ullico Investment Advisors, Inc. reports 9 private funds with $8.9B in gross assets: private equity funds, real estate funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Ullico Investment Advisors, Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- 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 ↗ullico.com ↗
AtlasMembers
The full record on Ullico Investment Advisors, Inc.
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
- Locked
- Growth over one, three and five years
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- Rank against 849 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 9 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Ullico Investment Advisors, Inc. manage?
Ullico Investment Advisors, Inc. reports $13.9 billion in regulatory assets under management across 25 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 4, 2026.
What kind of firm is Ullico Investment Advisors, Inc.?
Ullico Investment Advisors, Inc. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Ullico Investment Advisors, Inc.’s clients?
By assets, its largest client types are pooled investment vehicles ($13.1 billion, 12 clients); pension and profit sharing plans ($531 million, 10 clients); insurance companies ($224 million, 1 clients).
Does Ullico Investment Advisors, Inc. manage private funds?
Yes. It reports 9 private funds with $8.9 billion in gross assets, including private equity funds, real estate funds, other private funds.
Does Ullico Investment Advisors, Inc. have any disciplinary history?
Ullico Investment Advisors, Inc. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Ullico Investment Advisors, Inc.’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 (2026-08-04), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →