Advanced Capital Group, Inc.
SEC-registered
Institutional / Pension Advisor · Large ($10B–$100B)
CRD 109673
· SEC file 801-65944
· Minneapolis, MN
· linkedin.com
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ADV data as of Mar 20, 2026
- Regulatory AUM
- $30.0B
- Discretionary
- $1.7B
- Clients
- 366
- Avg AUM / client
- $81.9M
- Accounts
- 366
- Employees
- 22
AUM over time
$6.2B
$30.0B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 20, 2026
Asset allocation (SMA assets by investment type)
as of Mar 20, 2026
Exchange-traded equities
$12.0B
40%
Registered investment companies (funds/ETFs)
$11.4B
38%
Investment-grade corporate bonds
$3.0B
10%
State & local bonds
$1.8B
6%
US government & agency bonds
$900M
3%
Cash & equivalents
$300M
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 87 | $40.4M | 0.13% |
| High net worth individuals | 51 | $2.0B | 6.53% |
| Banking or thrift institutions | 1 | $89.4M | 0.3% |
| Pension and profit sharing plans | 166 | $25.9B | 86.4% |
| Charitable organizations | 3 | $70.6M | 0.24% |
| State or municipal government entities | 31 | $1.2B | 4.01% |
| Insurance companies | 3 | $295M | 0.98% |
| Corporations and other businesses | 24 | $424M | 1.41% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
People (8)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Langowski, Charles, Lee | Chief Executive Officer | Nov 1998 (28y) | Less than 5% | |
| Dorsey, Justin | Principal | Jan 2002 (25y) | Less than 5% | |
| Larson, Patrick, W | Chief Investment Officer | Sep 2007 (19y) | Less than 5% | |
| Schroeder, Daniel, Dean | Chief Compliance Officer | Sep 2007 (19y) | Less than 5% | |
| Mathew Phillip Coyle | Registered representative | CFP | May 2019 (7y) | |
| Jay S Thorp | Registered representative | Jan 2023 (4y) | ||
| Chad Patrick Rice | Registered representative | CFA | Jun 2024 (2y) | |
| Patrick Winfield Larson | Registered representative | CFA | Jun 2024 (2y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Alera Group, Inc | Owner | Sep 2024 | 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.
Retirement plans served (39)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Iowa State Education Association Employees' Pension Trust | Iowa State Education Association | 45 | $38.3M | 09/01/2024 |
| Minn Dak Farmers Cooperative Pension Plan | Minn Dak Farmers Cooperative | 254 | $36.1M | 09/01/2024 |
| Larkin,Hoffman,Daly & Lindgren, Ltd. Profit Sharing Plan And Trust | Larkin Hoffman Daly & Lindgren Ltd | 156 | $97.0M | 04/01/2024 |
| Perfection Learning Corporation 401(k) Ps Plan & Trust | Perfection Learning Corporation | 112 | $20.3M | 02/01/2024 |
| First District Association Retirement Benefit Program For Union Employees | First District Association | 123 | $9.7M | 01/01/2024 |
| Nexen Group Inc. Retirement Savings Plan | Nexen Group Inc. | 108 | $56.8M | 01/01/2024 |
| International Dairy Queen, Inc. Retirement Savings Plan | International Dairy Queen, Inc. | 424 | $95.3M | 01/01/2024 |
| Collier Enterprises 401(k) Plan | Tarpon Blue Ce Management Llc | 15 | $30.6M | 01/01/2024 |
| Fish & Richardson Profit Sharing 401(k) Plan | Fish & Richardson P.C. | 1,044 | $641M | 01/01/2024 |
| Southern Star Investment Plan | Southern Star Central Gas Pipeline, Inc. | 662 | $161M | 01/01/2024 |
| Rocco Altobelli, Inc. 401(k) Plan | Rocco Altobelli, Inc. | 41 | $8.4M | 01/01/2024 |
| Chs Inc. 401(k) Plan | Chs, Inc. | 8,864 | $1.8B | 01/01/2024 |
| Nexus Retirement Plan | Nexus Family Healing | 1,282 | $53.9M | 01/01/2024 |
| Toppan Merrill 401(k) Plan | Toppan Merrill Llc | 1,004 | $461M | 01/01/2024 |
| Anderson Trucking Service, Inc. Profit Sharing And 401(k) Plan | Anderson Trucking Service, Inc. | 1,445 | $97.0M | 01/01/2024 |
| Tekni Plex, Inc. Pension Plan | Tekni Plex, Inc. | 60 | $16.0M | 01/01/2024 |
| Arkema Inc. Employees' Retirement Savings (401(k)) Plan | Arkema Inc. | 2,990 | $1.2B | 01/01/2024 |
| Arkema Inc. Retirement Savings (401(k)) Plan For Collectively Bargained Employees | Arkema Inc. | 391 | $131M | 01/01/2024 |
| Pec Solutions, Llc Profit Sharing And 401(k) Plan | Pec Solutions Llc | 344 | $50.7M | 01/01/2024 |
| Cardinal Cash In Ii Plan | Cardinal Glass Industries | 7,811 | $677M | 01/01/2024 |
| Agraria Insurance Company Pension Plan | Farmers Union Holding Company | 48 | $10.2M | 01/01/2024 |
| Fish & Richardson Principals' Cash Balance Plan | Fish & Richardson, P.C. | 133 | $154M | 01/01/2024 |
| Premier Obgyn Of Minnesota, Pllc 401 K Profit Sharing Plan | Premier Obgyn Of Minnesota, Pllc | 249 | $86.3M | 01/01/2024 |
| Northland Dealers Investment Group, Inc. 401(k) Retirement Plan | Northland Dealers Investment Group, Inc. | 701 | $25.9M | 01/01/2024 |
| Rathje Companies 401(k) Plan | Rathje Enterprises, Inc. | 664 | $76.1M | 01/01/2024 |
Top 25 of 39 plans by assets.
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/20/2026 | 1.23 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
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Educational seminars/workshops
Custody
Reported custodians
- Charles Schwab & Co. $423M (1% of AUM) Mar 2026
- Fidelity Brokerage Services $23.3M (0% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have 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 20, 2026.
View current Form ADV (SEC/IAPD) ↗