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Data / Investment advisers / Serving state and municipal governments / Illinois

Investment advisers in Illinois serving state and municipal governments: 59 firms

Updated November 7, 2026. Source: the SEC's Form ADV data files for investment advisers.

59 SEC registered investment advisers with a main office in Illinois report state and municipal governments among their clients in Form ADV item 5.D, and together they attribute $129 billion of their assets under management to them, in the SEC's file of November 2, 2026. The adviser with the most is LSV Asset Management.

The request: Every investment adviser in Illinois that serves state and municipal governments, with AUM, phone and website. $10 of work on sign-up, no card.

SpecStream is the live web data engine for teams and agents. It reads the SEC's Form ADV files every month, and this page is that reading, keyed on the CRD number. Ask for the advisers you track by state, city, size, client type or private funds, and new registrations and filings arrive in your sheet, CRM, Slack or agent as the SEC publishes them.

  • 59Advisers
  • $129 billionAUM from this client type
  • 58Advisers over $100 million
  • November 2, 2026File date

Advisers in Illinois serving state and municipal governments

Ranked by the AUM the adviser attributes to this client type. Each row links to the firm page where it has one, and to its SEC record.

AdviserCityClients of this typeAUM from this typeTotal AUMSource
LSV Asset ManagementChicago37$30.45 billion$104.25 billionadviserinfo.sec.gov
William Blair Investment Management, LLCChicago54$11.93 billion$65.60 billionadviserinfo.sec.gov
Antares Capital Advisers LLCChicagoFewer than 5$10.32 billion$47.39 billionadviserinfo.sec.gov
Gallagher Fiduciary Advisors, LLCRolling Meadows36$8.44 billion$194.82 billionadviserinfo.sec.gov
Harris | OakmarkChicago10$5.88 billion$109.48 billionadviserinfo.sec.gov
Marquette Associates, Inc.Chicago52$5.34 billion$47.06 billionadviserinfo.sec.gov
Driehaus Capital Management LLCChicago7$5.10 billion$26.12 billionadviserinfo.sec.gov
GCM Grosvenor L.P.Chicago10$4.54 billion$95.49 billionadviserinfo.sec.gov
L&G, Asset Management, AmericaChicago5$3.88 billion$267.16 billionadviserinfo.sec.gov
Ariel Investments, LLCChicago27$3.84 billion$12.78 billionadviserinfo.sec.gov
Lincoln Advisory Group, LLCChicagoFewer than 5$3.22 billion$3.22 billionadviserinfo.sec.gov
Rreef America L.L.C.Chicago5$3.11 billion$34.34 billionadviserinfo.sec.gov
Channing Capital Management, LLCChicago28$3.06 billion$4.25 billionadviserinfo.sec.gov
Castleark Management LLCChicago11$2.70 billion$4.59 billionadviserinfo.sec.gov
Retirement Plan Advisors, LLCChicago176$2.64 billion$3.54 billionadviserinfo.sec.gov
Cfi PartnersChicagoFewer than 5$2.22 billion$26.31 billionadviserinfo.sec.gov
Blue Owl Real Estate Capital LLCChicago3$2.02 billion$67.88 billionadviserinfo.sec.gov
Segall Bryant & HamillChicago28$1.90 billion$22.64 billionadviserinfo.sec.gov
Nuveen Asset Management, LLCChicago44$1.90 billion$280.48 billionadviserinfo.sec.gov
Ptma Investment AdvisorsNaperville108$1.81 billion$30.59 billionadviserinfo.sec.gov
GC Advisors LLCChicago6$1.71 billion$177.85 billionadviserinfo.sec.gov
LPC Realty Advisors I, LLCChicagoFewer than 5$1.65 billion$1.65 billionadviserinfo.sec.gov
Oberweis Asset Management IncLisle7$1.40 billion$5.06 billionadviserinfo.sec.gov
Great Lakes Advisors, LLCChicago6$1.01 billion$16.16 billionadviserinfo.sec.gov
Mesirow Financial Private Equity Advisors, Inc.Chicago1$870.4 million$6.94 billionadviserinfo.sec.gov
Adams Street Partners, LLCChicagoFewer than 5$850.7 million$66.49 billionadviserinfo.sec.gov
Duff & Phelps Investment Management Co.Chicago5$701.6 million$12.75 billionadviserinfo.sec.gov
Ativo Capital Management, LLCChicago9$688.3 million$862.7 millionadviserinfo.sec.gov
Sawyer Falduto Asset Management, LLCElmhurst239$682.6 million$896.5 millionadviserinfo.sec.gov
Dolan McEniry Capital Management LLCChicago3$650.7 million$13.76 billionadviserinfo.sec.gov
Heitman Real Estate Securities LLCChicagoFewer than 5$639.3 million$1.82 billionadviserinfo.sec.gov
Heitman Capital Management LLCChicago12$541.8 million$6.09 billionadviserinfo.sec.gov
Security Capital Research & Management IncorporatedChicago3$493.1 million$3.30 billionadviserinfo.sec.gov
CIBC Private Wealth Advisors, Inc.Chicago8$384.3 million$67.84 billionadviserinfo.sec.gov
50 South Capital Advisors, LLCChicago2$294.3 million$16.07 billionadviserinfo.sec.gov
GC Opal Advisors LLCChicago1$272.7 million$124.30 billionadviserinfo.sec.gov
North Shore Private Asset Management, LLCLake Forest8$178.9 million$572.6 millionadviserinfo.sec.gov
Studio Investment ManagementChicago19$176.1 million$903 millionadviserinfo.sec.gov
Capital Gains IncorporatedNiles7$161.3 million$166.6 millionadviserinfo.sec.gov
Aon Investments USA Inc.Chicago32$127.1 million$150.99 billionadviserinfo.sec.gov
Heard Capital LLCChicago5$121.2 million$2.40 billionadviserinfo.sec.gov
Cetera Investment Advisers LLCSchaumburg65$112.5 million$256.81 billionadviserinfo.sec.gov
Carsonallaria Wealth Management, LTD.Glen Carbon1$106.9 million$791.8 millionadviserinfo.sec.gov
Distillate Capital Partners LLCChicago1$105.1 million$2.11 billionadviserinfo.sec.gov
LFL Advisers, LLCEvanston1$96.7 million$506.8 millionadviserinfo.sec.gov
Savant Wealth ManagementRockford2$64.9 million$55.61 billionadviserinfo.sec.gov
Forest Capital Management, LLCChicago1$59.2 million$3.75 billionadviserinfo.sec.gov
Hunter Capital ManagementLombard5$55.4 million$1.09 billionadviserinfo.sec.gov
Calamos Advisors LLCNaperville4$49.5 million$43.89 billionadviserinfo.sec.gov
Zacks Investment Management, Inc.Chicago2$42.5 million$14.59 billionadviserinfo.sec.gov
Hightower Advisors, LLCChicagoFewer than 5$36 million$198.58 billionadviserinfo.sec.gov
Bernardi Asset Management, LLCNorthfield5$35.4 million$331 millionadviserinfo.sec.gov
Vital Wealth Management, LLCRosemont2$25.8 million$300.8 millionadviserinfo.sec.gov
Wall Street Financial Group, Inc.CarlinvilleFewer than 5$7.7 million$187.7 millionadviserinfo.sec.gov
Mitchell Vaught & Taylor IncChicago15$5.9 million$42.4 millionadviserinfo.sec.gov
Mpi Wealth Management LLCHinsdaleFewer than 5$1.5 million$233.6 millionadviserinfo.sec.gov
Oak Ridge Investments, LLCChicago2$1.1 million$1.70 billionadviserinfo.sec.gov
Bos Asset Management, LLCSpringfield1$282,133$1.03 billionadviserinfo.sec.gov
Lasalle Investment ManagementChicago8Not listed$11.46 billionadviserinfo.sec.gov

Also on SpecStream

Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.