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ADVISORY RESEARCH INC

SEC Registered

Independent • Active • Aligned

CHICAGO, ILhttps://advisoryresearch.com312-565-1414
Assets Under Management
$500M–$1B
Year Founded
1974
Employees
14
Office Locations
1 office
Total Accounts
444

About the firm

Advisory Research Investment Management is a Chicago-based asset manager that is 100% employee-owned. The firm offers actively managed, high-conviction equity portfolios through separate accounts and private funds, with principals investing alongside clients.

Firm Focus

Client segments reported on the firm's SEC Form ADV — applies to all advisors at the firm.

High Net WorthInvestment CompaniesPooled VehiclesPension/Profit Sharing

Areas of expertise

Active ManagementEquity PortfoliosSeparate AccountsPrivate FundsSmall Cap ValueSelect DividendHigh-convictionEmployee-ownedGlobal/international EquitiesQuality/value Investing

Services

Actively managed, high-conviction equity portfolios through separate accounts and private funds, including the Partners Strategy (a concentrated portfolio of 8-15 positions in smaller capitalization companies) and Select Dividend Strategies (concentrated, low-turnover, high active share equity strategies seeking current income, income growth, and capital appreciation).

Private funds / alternatives
Hedge

Who they serve

Client segmentClientsAssets managed
Individuals (Non-HNW)275$101M
High Net Worth Individuals130$272M
Investment Companies0
Pooled Investment Vehicles0$0
Pension/Profit Sharing Plans3$261M
Charitable Organizations3$1.7M
State/Municipal Entities14
Insurance Companies0
Sovereign Wealth Funds0
Corporations0$0

4 total clients reported on Form ADV.

Leadership

Matthew Kent Swaim
CHIEF EXECUTIVE OFFICER AND DIRECTOR
Bruce Michael Zessar
DIRECTOR
Ellen Drinan Freeman
CHIEF OPERATING OFFICER AND DIRECTOR
Inc. Ostara
OWNER
Matthew Kent Swaim
SHAREHOLDER
Kenton Keller Pettit
CHIEF COMPLIANCE OFFICER

Office locations

1 office in 1 state
IL
CHICAGOHQ

Advisors at this firm

7 advisors in the directory

Regulatory & compliance

CRD number
#108254
SEC Number
801-14172
Disciplinary History
No
Fee Model & Minimums
Model: AUM / Performance-based
Minimum: $1,000,000 (waivable)

Data as of March 20, 2026 · Source: SEC IAPD & FINRA BrokerCheck

Contact Information

Editorial disclosure

This profile was compiled and published by AdvisorFinder as editorial content using publicly available information from the SEC's IAPD database and FINRA BrokerCheck. ADVISORY RESEARCH INC has not reviewed, approved, or endorsed this profile and is not responsible for its accuracy. Regulatory records change over time — always verify the current record directly on the SEC or FINRA websites before making any decision.

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ADVISORY RESEARCH INC in CHICAGO, IL | AdvisorFinder