Ullico Investment Advisors, Inc.
- Regulatory AUM
- $13.9B
- Discretionary
- $13.9B
- Clients
- 25
- Avg AUM / client
- $557M
- Accounts
- 25
- Employees
- 92
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Banking or thrift institutions | 1 | $117M | 0.84% |
| Pooled investment vehicles (non-investment companies) | 12 | $13.1B | 93.7% |
| Pension and profit sharing plans | 10 | $531M | 3.81% |
| Other investment advisers | 1 | $0 | — |
| Insurance companies | 1 | $224M | 1.61% |
Private funds (9)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $7.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Ullico Infrastructure Tax Exempt Fund, L.P. feeder | Private Equity Fund | Delaware | $4.9B | 270 |
| Ullico Infrastructure Taxable Fund, L.P. feeder | Private Equity Fund | Delaware | $703M | 23 |
| Ullico Diversified International Equity Fund, L.P | Other Private Fund | Delaware | $680M | 16 |
| The Union Labor Life Insurance Company Separate Account W1 | Other Private Fund | Maryland | $400M | 59 |
| The Union Labor Life Insurance Company Separate Account R | Other Private Fund | Maryland | $199M | 13 |
| Ullico International Small Cap Fund, L.P. | Other Private Fund | Delaware | $90.6M | 2 |
| The Union Labor Life Insurance Company Separate Account C | Other Private Fund | Maryland | $39.9M | 9 |
| The Union Labor Life Insurance Company Separate Account T | Other Private Fund | Maryland | $607K | 2 |
| Ullico Value Add Real Estate Fund I, L.P. | Real Estate Fund | Delaware | $0 | 0 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Ocu Health & Welfare Trust EIN 261574455 | Covina, CA | 12/31/2024 |
| International Brotherhood Of Electrical Workers EIN 520951104 | Washington, DC | 06/30/2024 |
| Chicago & Vicinity Laborers Distrct Cncil Retire Health & Welfare Plan EIN 465243652 | Westchester, IL | 05/31/2024 |
| Chicago & Vicinity Laborers District Council Health & Welfare EIN 362151212 | Westchester, IL | 05/31/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C. Showing first 100 of 124.
| Plan | Location | Plan year |
|---|---|---|
| Waterfront Employers Ila Pension Plan Board Of Trustees Waterfront Employers Ila Pension Plan | 2024 | |
| Ibew Local 505 Neca Pension Plan Ibew Local 505 Neca Pension Plan | Mobile, AL | 2024 |
| Pension Plan For Local Union 527 Of Operative Plasterers And Cement Masons Operative Plasterers & Cement Masons Local 527 Pension Trust | 2024 | |
| Western Glaziers Retirement Plan Board Of Trustees Of Western Glaziers Retirement Plan | 2024 | |
| Hotel Union And Hotel Industry Of Hawaii Pension Plan Board Of Trustees Of The Hotel Union & Hotel Industry Of Hawaii Pensio | 2024 | |
| Employers And Cement Masons Local 90 Pension Plan Employers And Cement Masons Local 90 Pension Plan | 2024 | |
| Employers And Laborers Locals 100 & 397 Pension Fund Employers And Laborers Locals 100 & 397 Pension Fund | 2024 | |
| Sheet Metal Workers Local 218(s) Pension Plan Sheet Metal Workers Local 218(s) Pension Fund | Overland Park, KS | 2024 |
| Southern Illinois Laborers & Employers Annuity Fund Trustees Of Southern Illinois Laborers & Employers Annuity Fund | Marion, IL | 2024 |
| Int'l Brotherhood Of Electrical Workers' Pension Benefit Fund International Brotherhood Of Electrical Workers' Pension Benefit Fund | 2024 | |
| Plumbers Local 9 Pension Plan Plumbers Local 9 Pension Fund | 2024 | |
| Ibew Local 43 & Electrical Contractors Pension Fund Ibew Local 43 & Electrical Contractors Pension Fund | 2024 | |
| Ironworkers National Pension Plan Ironworkers National Pension Plan Board Of Trustees | 2024 | |
| Local 191 I.B.E.W. Money Purchase Plan Board Of Trustees, Local 191 I.B.E.W. Money | 2024 | |
| Afl Cio Staff Retirement Plan Afl Cio Staff Retirement Plan Congress Of Industrial Organizations | 2024 | |
| Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund Board Of Trustees, Iron Workers Local No. 5 & Iwea | 2024 | |
| Laborers Local 1298 Of Nassau & Suffolk Counties Pension Fund Board Of Trustees Local 1298 Pension Fund | 2024 | |
| Painters And Allied Trades District Council No.35 Annuity Fund Painters Annuity Council No. 35 Annuity Fund | 2024 | |
| Painters And Allied Trades District Council No. 35 Pension Fund Bd Of Trustees Pdc Pension Fund | 2024 | |
| Operating Engineers Pension Trust Board Of Trustees, Operating Engineers Pension Trust | 2024 | |
| Metal Trades Branch Local 638 Pension Fund Metal Trades Branch Local 638 Pension Fund | 2024 | |
| Ibew Local No. 100 Pension Plan Board Of Trustees, Ibew Local No. 100 Pension Plan | 2024 | |
| Pension Fund Local 96 Ibew Board Of Trustees Pension Fund Local 96 Ibew | 2024 | |
| 32 Bj School Workers Pension Fund Board Of Trustees Of The 32 Bj School Workers Pension Fund | 2024 | |
| New York District Council Of Carpenters Pension Pl Board Of Trustees Of Nycdcc Pension Fund | 2024 | |
| Iron Workers' Locals No. 15 & 424 Pension Plan Board Of Trustees Iron Workers' Locals No. 15 & 424 | 2024 | |
| Cement Masons Local No. 886/404 Pension Plan Cement Masons Local No. 886/404 Pension Plan Board Of Trustees | 2024 | |
| Southern California Ibew Neca Pension Plan Board Of Trustees, Southern California Ibew Neca | 2024 | |
| Mid South Regional Council Local 318 Money Mid South Regional Council Local 318 Money Purchase Pension Trust | 2024 | |
| Indiana Laborers Pension Fund Board Of Trustees Indiana Laborers Pension Fund | Terre Haute, IN | 2024 |
| Laborers Pension Trust Fund For Northern California Board Of Trustees Laborers Pension Trust Fund For Northern California | 2024 | |
| Construction Workers Pension Trust Fund Lake County And Vicinity Pension Plan Trustees Of Construction Workers Lake County Pension | 2024 | |
| Neca Ibew Pension Trust Fund Neca Ibew Pension Trust Fund | 2024 | |
| Plumbers' Pension Fund, Local 130, U.A. Trustees Of The Plumbers Pension Fund, Local 130, U.A. | 2024 | |
| Chicago & Vicinity Laborers' District Council Fund Office Staff Pension Plan Bd Of Trts Chgo & Vicin Laborers' Dist Coun Fd Office Staff Pens Fund | 2024 | |
| Chicago & Vicinity Laborers' District Council Pension Plan Bd Of Trustees, Chicago & Vicinity Laborers' Distr. Council Pens Fund | 2024 | |
| Building Trades United Pension Trust Fund Milwaukee And Vicinity Building Trades United Pension Trust Fund | 2024 | |
| Ohio Local No 1 Operative Plasterers And Cement Masons Pension Fund Bd Of Trustees Ohio Local No 1 | 2024 | |
| Local No. 41 Ibew Pension Plan Trustees Of Local No. 41 Pension Plan | 2024 | |
| Laborers' District Council Construction Industry Pension Fund Laborers' District Council Construction Industry Pension Fund | Philadelphia, PA | 2024 |
| Ibew Local 129 Pension Fund Pension Plan Ibew Union Local 129 | 2024 | |
| Operating Engineers' Local 324 Pension Fund Joint Board Of Trustees Operating Engineers Local 324 | 2024 | |
| Operative Plasterers And Cement Masons Local No. 109 Pension Plan Plasterers & Cement Masons Local No. 109 Pension Plan | 2024 | |
| Pipe Trades Services Mn Pension Fund Trustees Of The Pipe Trades Services Mn Pension Trust | 2024 | |
| Iron Workers' Local No. 25 Pension Fund Board Of Trustees, Iron Workers Local No. 25 | 2024 | |
| Operating Engineers Local 649 Annuity Trust Fund Board Of Trustees Operating Engineers Local 649 Annuity Trust Fund | Peoria, IL | 2024 |
| Actors' Equity Association Staff Pension Plan Actors' Equity Association | 2024 | |
| Carpenters Pension Trust Fund Of Kansas City Carpenters Pension Trust Fund Of Kansas City | 2024 | |
| Chicago Painters And Decorators Pension Fund Board Of Trustees Of Chicago Painters And Decorators Pension Fd | Darien, IL | 2024 |
| Heavy And General Laborers' Local Unions 472 And 172 Of New Jersey Pension Fund Board Of Trustees H&Gl Local Unions 472 & 172 Of Nj Pension Fund | 2024 | |
| Ibew Local 684 Pension Trust Board Of Trustees, Ibew Local 684 Pension Trust | 2024 | |
| I.B.E.W. Pacific Coast Pension Fund Board Of Trustees Of The I.B.E.W. Pacific Coast Pension Fund | 2024 | |
| Eighth District Electrical Pension Fund Board Of Trustees, Eighth District Electrical Pension | 2024 | |
| Refrigeration, A/C & Service Div. (Ua Nj) Pension Plan Refrigeration, A/C & Service Div. (Ua Nj) Pension Fund | 2024 | |
| Western Washington Laborers Employers Pension Plan Bot, Western Wa Laborers Employers Pension Trust | Bothell, WA | 2024 |
| Southeastern Carpenters And Millwrights Pension Plan Jt Bd Of Trustees Of Southeastern Carp And Millwrights Pension Plan | 2024 | |
| National Roofing Industry Pension Fund National Roofing Industry Pension Fund Wilson Mcshane Corporation | 2024 | |
| International Painters And Allied Trades Industry Pension Plan Intl Painters & Allied Trades Ind. Pension Fund Board Of Trustees | 2024 | |
| Oregon Laborers Employers Pension Plan Trustees Oregon Laborers Employer Pension Plan | 2024 | |
| Laborers Local 231 Pension Plan Board Of Trustees Laborers Local 231 Pension Fund | Pekin, IL | 2024 |
| Pipe Trades District Council No 36 Pension Trust Board Of Trustees, Pipe Trades District Council No 36 | 2024 | |
| Ibew Local No. 32 Neca Pension Plan Board Of Trustees Of The Ibew Local No. 32 Neca Pension Plan | 2024 | |
| I. B. E. W. Local 25 Pension Fund Board Of Trustees I.B.E.W. Local 25 Pension Fund | 2024 | |
| Drywall Tapers Annuity Fund Board Of Trustees Drywall Tapers Annuity Fund | 2024 | |
| Drywall Pension Fund Board Of Trustees Drywall Pension Fund | 2024 | |
| Heat & Frost Insulators Local No. 33 Pension Plan Board Of Trustees Heat & Frost Insulators Loc No. 33 Pension Fund | 2024 | |
| Pension Fund United Scenic Artists Local 829 Board Of Trustees Of Pension Fund | 2024 | |
| Pension Fund Of Local No. One Of I. A. T. S. E. Board Of Trustees, Pension Fund Of Local No. One Of I.A.T.S.E. | 2024 | |
| National Automatic Sprinkler Industry Fund Office Employees Pension Plan Joint Board Of Trustees Of National Automatic Sprinkler Industry Welfa | Landover, MD | 2024 |
| Mcasf Local 725 Defined Contribution Retirement Plan Board Of Trustees Mcasf Local 725 Defined Contribution Retirement Plan | 2024 | |
| Mcasf Local 725 Pension Plan Board Of Trustees Mcasf Local 725 Pension Trust Fund | 2024 | |
| Chicago Tile Institute Pension Fund Board Of Trustees Chicago Tile Institute Pension Fund | 2024 | |
| Retail, Wholesale & Department Store International Union And Industry Pension Fund Board Of Trustees Of Retail Wholesale & Dept Store | Birmingham, AL | 2024 |
| Mo Kan Teamsters Pension Fund Mo Kan Teamsters Pension Fund | 2024 | |
| Central Laborers' Pension Fund Board Of Trustees Of Central Laborers' Pension Fund | Jacksonville, IL | 2024 |
| Ocu Pension Trust Trustees Of The Ocu Pension Trust | 2024 | |
| Southern California Plastering Institute Pension Trust Fund Board Of Trustees Southern California Plastering Institute | Covina, CA | 2024 |
| Ibew Local 683 Pension Fund Pension Plan Ibew Local 683 Board Of Trustees | 2024 | |
| U. A. Local No. 159 Defined Benefit Plan Board Of Trustees Of U.A. Local No. 159 Pension Trust | 2024 | |
| United Assn Full Time Sal Off & Emp Of Locl Unions Councils, St & Prov Pen Plan U A Local Union Officers & Employees Pension Fund | Annapolis, MD | 2024 |
| Westchester Heavy Construction Laborers Local 60 Pension Fund Board Of Trustees Local 60 Pension Fund | Hawthorne, NY | 2024 |
| National Electrical Benefit Fund Trustees Of The National Electrical Benefit Fund | 2024 | |
| Teamster Local 282 Annuity Trust Fund Board Of Trustees Local 282 | 2024 | |
| Local 282 Pension Trust Fund Board Of Trustees Of Local 282 | 2024 | |
| Pavers & Road Builders Dc Pension Fund Pavers & Road Builders Dc Pension | 2024 | |
| Ibew Local 573 Pension Plan Trustees Of Ibew Local No. 573 Pension Plan | 2024 | |
| Connecticut Laborers' Pension Plan Connecticut Laborers' Pension Fund Board Of Trustees | West Haven, CT | 2024 |
| Steamfitters Industry Pension Fund Board Of Trustees Steamfitters Industry Pension Fund | 2024 | |
| Chicagoland Race Meet Operators And Local 134 I.B.E.W. Joint Pension Trust Trustees Of Chicagoland Race Meet Operators And Local 134 Ibew Jt Pen | 2024 | |
| Southern District Ubc Defined Contribution Fund Board Of Trustees Of The Southern District Ubc Defined Contribution F | 2024 | |
| Kern County Electrical Workers Pension Fund Board Of Trustees, Kern County Electrical Workers | 2024 | |
| Brotherhood Of Locomotive Engineers And Trainmen Long Island Pension Fund Board Of Trustees | 2024 | |
| Painting Industry Annuity Fund Board Of Trustees Of The Painting Industry Annuity Fund | 2024 | |
| New Jersey Building Laborers Statewide Pension Fund Bd Of Trustees New Jersey Building Laborers Statewide Pension Fund | 2024 | |
| Board Of Trustees Op Plasterers & Cement Masons L262 Pension Board Of Trustees Op Plasterers & Cement Masons L262 Pension | 2024 | |
| United Wire, Metal & Machine Pension Fund Board Of Trustees Of U.W.M. & M. Pension Fund | Long Island City, NY | 2024 |
| Cement Masons Local 780 Pension Fund Cement Masons Local 780 Pension Fund | 2024 | |
| International Brotherhood Of Electrical Workers Local Union 98 Pension Plan Board Of Trustees International Brotherh Electrical Workers Pension Pl | 2024 | |
| Marble Industry Annuity Trust Fund Board Of Trustees Of Marble | 2024 | |
| Plumbers And Steamfitters Local 486 Pension Fund Plumbers And Steamfitters 486 Pension Fund Board Of Trustees | 2024 |
People (8)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Kolben, Herbert | Director, Sr. Vice President | Feb 2011 (16y) | Less than 5% | |
| Larocque, Richard, Francis | Chief Compliance Officer | Jul 2011 (15y) | Less than 5% | |
| Linehan, Joseph, Richard | President, Director | Aug 2011 (15y) | Less than 5% | |
| Humphrey, Cathy, Ann | Director, Chief Operating Officer | Jan 2012 (15y) | Less than 5% | |
| Scott, Kenneth, Dunlop | Director | Aug 2017 (9y) | Less than 5% | |
| Darcey, Hugh, James | Sr. Vice President, Real Estate Equity Fund | Jun 2023 (3y) | Less than 5% | |
| Haley, Peter, T | Sr. Vice President | Jan 2024 (3y) | Less than 5% | |
| Yu, Yinan | Chief Financial Officer, Secretary, Treasurer, Director | Feb 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ullico Inc. | Beneficial Owner | Jan 1990 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (9, $7.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Ullico Infrastructure Tax Exempt Fund, L.P. | Private Equity Fund | $4.9B | $5.0M | 270 |
| Ullico Infrastructure Taxable Fund, L.P. | Private Equity Fund | $703M | $5.0M | 23 |
| Ullico Diversified International Equity Fund, L.P | Other Private Fund | $680M | $1.0M | 16 |
| The Union Labor Life Insurance Company Separate Account W1 | Other Private Fund | $400M | $0 | 59 |
| The Union Labor Life Insurance Company Separate Account R | Other Private Fund | $199M | $0 | 13 |
| Ullico International Small Cap Fund, L.P. | Other Private Fund | $90.6M | $1.0M | 2 |
| The Union Labor Life Insurance Company Separate Account C | Other Private Fund | $39.9M | $0 | 9 |
| The Union Labor Life Insurance Company Separate Account T | Other Private Fund | $607K | $0 | 2 |
| Ullico Value Add Real Estate Fund I, L.P. | Real Estate Fund | $0 | $1.0M | 0 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (100)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Waterfront Employers Ila Pension Plan | Board Of Trustees Waterfront Employers Ila Pension Plan | 1,342 | $520M | 10/01/2024 |
| Ibew Local 505 Neca Pension Plan | Ibew Local 505 Neca Pension Plan | 442 | $71.7M | 09/01/2024 |
| Pension Plan For Local Union 527 Of Operative Plasterers And Cement Masons | Operative Plasterers & Cement Masons Local 527 Pension Trust | 502 | $163M | 08/01/2024 |
| Western Glaziers Retirement Plan | Board Of Trustees Of Western Glaziers Retirement Plan | 388 | $216M | 08/01/2024 |
| Hotel Union And Hotel Industry Of Hawaii Pension Plan | Board Of Trustees Of The Hotel Union & Hotel Industry Of Hawaii Pensio | 7,585 | $763M | 08/01/2024 |
| Employers And Cement Masons Local 90 Pension Plan | Employers And Cement Masons Local 90 Pension Plan | 424 | $77.5M | 08/01/2024 |
| Employers And Laborers Locals 100 & 397 Pension Fund | Employers And Laborers Locals 100 & 397 Pension Fund | 428 | $136M | 08/01/2024 |
| Sheet Metal Workers Local 218(s) Pension Plan | Sheet Metal Workers Local 218(s) Pension Fund | 147 | $61.2M | 08/01/2024 |
| Southern Illinois Laborers & Employers Annuity Fund | Trustees Of Southern Illinois Laborers & Employers Annuity Fund | 2,640 | $166M | 08/01/2024 |
| Int'l Brotherhood Of Electrical Workers' Pension Benefit Fund | International Brotherhood Of Electrical Workers' Pension Benefit Fund | 472,935 | $2.8B | 07/01/2024 |
| Plumbers Local 9 Pension Plan | Plumbers Local 9 Pension Fund | 738 | $308M | 07/01/2024 |
| Ibew Local 43 & Electrical Contractors Pension Fund | Ibew Local 43 & Electrical Contractors Pension Fund | 925 | $271M | 07/01/2024 |
| Ironworkers National Pension Plan | Ironworkers National Pension Plan Board Of Trustees | 2,852 | $503M | 07/01/2024 |
| Local 191 I.B.E.W. Money Purchase Plan | Board Of Trustees, Local 191 I.B.E.W. Money | 4,177 | $238M | 07/01/2024 |
| Afl Cio Staff Retirement Plan | Afl Cio Staff Retirement Plan Congress Of Industrial Organizations | 1,182 | $776M | 07/01/2024 |
| Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund | Board Of Trustees, Iron Workers Local No. 5 & Iwea | 817 | $425M | 07/01/2024 |
| Laborers Local 1298 Of Nassau & Suffolk Counties Pension Fund | Board Of Trustees Local 1298 Pension Fund | 1,224 | $479M | 07/01/2024 |
| Painters And Allied Trades District Council No.35 Annuity Fund | Painters Annuity Council No. 35 Annuity Fund | 2,820 | $527M | 07/01/2024 |
| Painters And Allied Trades District Council No. 35 Pension Fund | Bd Of Trustees Pdc Pension Fund | 2,235 | $806M | 07/01/2024 |
| Operating Engineers Pension Trust | Board Of Trustees, Operating Engineers Pension Trust | 14,517 | $3.8B | 07/01/2024 |
| Metal Trades Branch Local 638 Pension Fund | Metal Trades Branch Local 638 Pension Fund | 3,224 | $1.0B | 07/01/2024 |
| Ibew Local No. 100 Pension Plan | Board Of Trustees, Ibew Local No. 100 Pension Plan | 875 | $209M | 07/01/2024 |
| Pension Fund Local 96 Ibew | Board Of Trustees Pension Fund Local 96 Ibew | 305 | $68.8M | 07/01/2024 |
| 32 Bj School Workers Pension Fund | Board Of Trustees Of The 32 Bj School Workers Pension Fund | 5,309 | $625M | 07/01/2024 |
| New York District Council Of Carpenters Pension Pl | Board Of Trustees Of Nycdcc Pension Fund | 10,331 | $5.4B | 07/01/2024 |
Top 25 of 100 plans by assets.
From Form 5500 service-provider disclosures.
Foundations & charities (4)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Ocu Health & Welfare Trust | Public charity | $298M | 12/31/2024 |
| International Brotherhood Of Electrical Workers | Public charity | $2.6B | 06/30/2024 |
| Chicago & Vicinity Laborers Distrct Cncil Retire Health & Welfare Plan | Public charity | $771M | 05/31/2024 |
| Chicago & Vicinity Laborers District Council Health & Welfare | Public charity | $680M | 05/31/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 3.94 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- U.S. Bank $451M (3% of AUM) Mar 2026
- Bny $224M (2% of AUM) Mar 2026
- BNY Mellon $169M (1% of AUM) May 2024
- Caceis Bank $117M (1% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗