# Alpha Investment Consulting Group

Alpha Investment Consulting Group is an Asset Manager based in Milwaukee, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Milwaukee, United States
- **Region:** North America
- **Address:** Milwaukee, WI, United States
- **Assets under management:** Undisclosed
- **LinkedIn:** https://www.linkedin.com/company/alpha-investment-consulting-group

## Regulatory record

- **CRD number:** 139721
- **SEC file number:** 801-66652
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/139721

## About

ALPHA INVESTMENT CONSULTING GROUP, LLC is an SEC-registered investment adviser in MILWAUKEE, WI, registered since 2006. The firm manages approximately $714 million in assets. It employs 8 staff and 3 investment advisers.

## Questions

### Is Alpha Investment Consulting Group paid by the fund managers it recommends?

No. The firm operates on a pure retainer model, paid exclusively by the pension plan or endowment client. This distinguishes it from many mid-market consultants who supplement advisory fees with placement fees or soft-dollar arrangements from the GPs they evaluate, and eliminates the embedded conflict that can influence manager recommendations.

### What types of institutional clients does the firm typically serve?

The firm's client base concentrates on US-based public pension funds, Taft-Hartley multi-employer retirement plans, and smaller endowments and foundations. These are fiduciaries who require documented, defensible manager-selection processes but do not have the internal staff scale of a CalPERS or a large university endowment.

### Does Alpha Investment Consulting Group provide discretionary investment management?

No. The firm's mandate is strictly non-discretionary. It advises on asset allocation, writes the investment policy statement, conducts manager searches, and performs on-going due diligence, but the client's board or investment committee retains sole authority to approve and execute every funding action.

### How does the firm source the managers it puts on client shortlists?

The firm relies on a combination of public databases, institutional consultant networks, and direct outreach from GPs raising new funds. Because it does not accept placement fees, its filtering process centers on quantitative screening criteria and operational due-diligence questionnaires, rather than on relationships that carry economic incentives.

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Last updated: 2026-06-03T20:00:00.000Z

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