FinCEN AML scope: Illinois's investment advisers
433 of Illinois's SEC-registered investment advisers clear FinCEN's three-part AML scope test, from the SEC's own roster dated 2026-08-03. See the exact filter and sources for how that population is defined.
What stands out in Illinois
Illinois' related-person custody share, 34.4%, lands almost exactly on the national rate of 34.5%, closer than any other state in this set. What breaks from the pattern is firm size: only 76.9% of Illinois firms have fewer than 20 people, well under the national 81.0%, meaning Illinois carries a larger share of bigger shops than most states on this list, Chicago's asset-management base rather than a state of small retail advisers.
Illinois's numbers, in full
- Firms in scope
- 433
- Median staff
- 8
- Fewer than 20 people
- 333 (76.9%)
- 5 people or fewer
- 153 (35.3%)
- Custody of client cash or securities
- 261 (60.3%)
- A related person holds custody
- 149 (34.4%)
- Advise at least one private fund
- 185 (42.7%)
- Median AUM
- $501.8 million
Firms in scope
Median staff
Fewer than 20 people
5 people or fewer
Custody of client cash or securities
A related person holds custody
Advise at least one private fund
Median AUM
This page is independent research, not legal advice, computed from the SEC's own public roster of investment advisers. See the method and sources. Verify anything load-bearing against the Federal Register text itself before acting on it.