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.
| Adviser | City | Clients of this type | AUM from this type | Total AUM | Source |
|---|
| LSV Asset Management | Chicago | 37 | $30.45 billion | $104.25 billion | adviserinfo.sec.gov |
| William Blair Investment Management, LLC | Chicago | 54 | $11.93 billion | $65.60 billion | adviserinfo.sec.gov |
| Antares Capital Advisers LLC | Chicago | Fewer than 5 | $10.32 billion | $47.39 billion | adviserinfo.sec.gov |
| Gallagher Fiduciary Advisors, LLC | Rolling Meadows | 36 | $8.44 billion | $194.82 billion | adviserinfo.sec.gov |
| Harris | Oakmark | Chicago | 10 | $5.88 billion | $109.48 billion | adviserinfo.sec.gov |
| Marquette Associates, Inc. | Chicago | 52 | $5.34 billion | $47.06 billion | adviserinfo.sec.gov |
| Driehaus Capital Management LLC | Chicago | 7 | $5.10 billion | $26.12 billion | adviserinfo.sec.gov |
| GCM Grosvenor L.P. | Chicago | 10 | $4.54 billion | $95.49 billion | adviserinfo.sec.gov |
| L&G, Asset Management, America | Chicago | 5 | $3.88 billion | $267.16 billion | adviserinfo.sec.gov |
| Ariel Investments, LLC | Chicago | 27 | $3.84 billion | $12.78 billion | adviserinfo.sec.gov |
| Lincoln Advisory Group, LLC | Chicago | Fewer than 5 | $3.22 billion | $3.22 billion | adviserinfo.sec.gov |
| Rreef America L.L.C. | Chicago | 5 | $3.11 billion | $34.34 billion | adviserinfo.sec.gov |
| Channing Capital Management, LLC | Chicago | 28 | $3.06 billion | $4.25 billion | adviserinfo.sec.gov |
| Castleark Management LLC | Chicago | 11 | $2.70 billion | $4.59 billion | adviserinfo.sec.gov |
| Retirement Plan Advisors, LLC | Chicago | 176 | $2.64 billion | $3.54 billion | adviserinfo.sec.gov |
| Cfi Partners | Chicago | Fewer than 5 | $2.22 billion | $26.31 billion | adviserinfo.sec.gov |
| Blue Owl Real Estate Capital LLC | Chicago | 3 | $2.02 billion | $67.88 billion | adviserinfo.sec.gov |
| Segall Bryant & Hamill | Chicago | 28 | $1.90 billion | $22.64 billion | adviserinfo.sec.gov |
| Nuveen Asset Management, LLC | Chicago | 44 | $1.90 billion | $280.48 billion | adviserinfo.sec.gov |
| Ptma Investment Advisors | Naperville | 108 | $1.81 billion | $30.59 billion | adviserinfo.sec.gov |
| GC Advisors LLC | Chicago | 6 | $1.71 billion | $177.85 billion | adviserinfo.sec.gov |
| LPC Realty Advisors I, LLC | Chicago | Fewer than 5 | $1.65 billion | $1.65 billion | adviserinfo.sec.gov |
| Oberweis Asset Management Inc | Lisle | 7 | $1.40 billion | $5.06 billion | adviserinfo.sec.gov |
| Great Lakes Advisors, LLC | Chicago | 6 | $1.01 billion | $16.16 billion | adviserinfo.sec.gov |
| Mesirow Financial Private Equity Advisors, Inc. | Chicago | 1 | $870.4 million | $6.94 billion | adviserinfo.sec.gov |
| Adams Street Partners, LLC | Chicago | Fewer than 5 | $850.7 million | $66.49 billion | adviserinfo.sec.gov |
| Duff & Phelps Investment Management Co. | Chicago | 5 | $701.6 million | $12.75 billion | adviserinfo.sec.gov |
| Ativo Capital Management, LLC | Chicago | 9 | $688.3 million | $862.7 million | adviserinfo.sec.gov |
| Sawyer Falduto Asset Management, LLC | Elmhurst | 239 | $682.6 million | $896.5 million | adviserinfo.sec.gov |
| Dolan McEniry Capital Management LLC | Chicago | 3 | $650.7 million | $13.76 billion | adviserinfo.sec.gov |
| Heitman Real Estate Securities LLC | Chicago | Fewer than 5 | $639.3 million | $1.82 billion | adviserinfo.sec.gov |
| Heitman Capital Management LLC | Chicago | 12 | $541.8 million | $6.09 billion | adviserinfo.sec.gov |
| Security Capital Research & Management Incorporated | Chicago | 3 | $493.1 million | $3.30 billion | adviserinfo.sec.gov |
| CIBC Private Wealth Advisors, Inc. | Chicago | 8 | $384.3 million | $67.84 billion | adviserinfo.sec.gov |
| 50 South Capital Advisors, LLC | Chicago | 2 | $294.3 million | $16.07 billion | adviserinfo.sec.gov |
| GC Opal Advisors LLC | Chicago | 1 | $272.7 million | $124.30 billion | adviserinfo.sec.gov |
| North Shore Private Asset Management, LLC | Lake Forest | 8 | $178.9 million | $572.6 million | adviserinfo.sec.gov |
| Studio Investment Management | Chicago | 19 | $176.1 million | $903 million | adviserinfo.sec.gov |
| Capital Gains Incorporated | Niles | 7 | $161.3 million | $166.6 million | adviserinfo.sec.gov |
| Aon Investments USA Inc. | Chicago | 32 | $127.1 million | $150.99 billion | adviserinfo.sec.gov |
| Heard Capital LLC | Chicago | 5 | $121.2 million | $2.40 billion | adviserinfo.sec.gov |
| Cetera Investment Advisers LLC | Schaumburg | 65 | $112.5 million | $256.81 billion | adviserinfo.sec.gov |
| Carsonallaria Wealth Management, LTD. | Glen Carbon | 1 | $106.9 million | $791.8 million | adviserinfo.sec.gov |
| Distillate Capital Partners LLC | Chicago | 1 | $105.1 million | $2.11 billion | adviserinfo.sec.gov |
| LFL Advisers, LLC | Evanston | 1 | $96.7 million | $506.8 million | adviserinfo.sec.gov |
| Savant Wealth Management | Rockford | 2 | $64.9 million | $55.61 billion | adviserinfo.sec.gov |
| Forest Capital Management, LLC | Chicago | 1 | $59.2 million | $3.75 billion | adviserinfo.sec.gov |
| Hunter Capital Management | Lombard | 5 | $55.4 million | $1.09 billion | adviserinfo.sec.gov |
| Calamos Advisors LLC | Naperville | 4 | $49.5 million | $43.89 billion | adviserinfo.sec.gov |
| Zacks Investment Management, Inc. | Chicago | 2 | $42.5 million | $14.59 billion | adviserinfo.sec.gov |
| Hightower Advisors, LLC | Chicago | Fewer than 5 | $36 million | $198.58 billion | adviserinfo.sec.gov |
| Bernardi Asset Management, LLC | Northfield | 5 | $35.4 million | $331 million | adviserinfo.sec.gov |
| Vital Wealth Management, LLC | Rosemont | 2 | $25.8 million | $300.8 million | adviserinfo.sec.gov |
| Wall Street Financial Group, Inc. | Carlinville | Fewer than 5 | $7.7 million | $187.7 million | adviserinfo.sec.gov |
| Mitchell Vaught & Taylor Inc | Chicago | 15 | $5.9 million | $42.4 million | adviserinfo.sec.gov |
| Mpi Wealth Management LLC | Hinsdale | Fewer than 5 | $1.5 million | $233.6 million | adviserinfo.sec.gov |
| Oak Ridge Investments, LLC | Chicago | 2 | $1.1 million | $1.70 billion | adviserinfo.sec.gov |
| Bos Asset Management, LLC | Springfield | 1 | $282,133 | $1.03 billion | adviserinfo.sec.gov |
| Lasalle Investment Management | Chicago | 8 | Not listed | $11.46 billion | adviserinfo.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.