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103 Advisory Group

Updated today

Client assets under management

$257,249,739

Clients

89

45% high-net worth

Advisors

3

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

30

Low

Average account size

$2,890,447

About

103 Advisory Group provides investment advice and portfolio management primarily to individual and high-net-worth clients, offering discretionary asset management, modular or full financial planning, and as‑needed consultations. The firm’s three‑person team manages approximately $257 million for about 89 clients and requires a $1,000,000 account minimum for its asset management program; all assets are managed on a discretionary basis.

The firm’s investment process combines strategic and tactical asset allocation with both value- and growth-oriented stock selection and a dedicated fixed-income component, and it uses fundamental and technical analysis as appropriate. 103 Advisory Group also places client assets with third‑party managers under sub‑advisory arrangements when suitable, retaining ongoing oversight of manager selection, performance and alignment with client objectives.

What distinguishes 103 Advisory Group from many peers is the combination of a small advisory team with relatively high assets-per-advisor and assets-per-client, and a supplemental business line consulting to financial institutions — a fixed-fee offering that includes business development planning, CRM and cross‑selling coaching, and advisory-board presentations. The firm was approved as an SEC-registered adviser in 2022 and documents formal manager monitoring, proxy voting coordination, and class-action claim monitoring as part of its operational practices.

Client services

Financial planning Portfolio management Selection of other advisers
Financial consulting not resulting in a formal financial plan

Expertise

Active portfolio management Options & derivatives strategies

Fee options

Fixed

Financial planning and consulting services generally $7,500 fixed fee; Financial institution consulting $15,000 to $50,000 fixed fee

Percentage

$0 - $2,500,000: 1.000% annually $2,500,001 - $10,000,000: 0.500% annually $10,000,001 - $25,000,000: 0.400% annually $25,000,001+: Negotiable

Other

Account minimum: $1,000,000 Minimum fee: $2,500 annual minimum fee for asset management services

Main office location

103 Advisory Group

231 S. Lasalle Street, 21 St Floor

Chicago IL 60604, United States

Number of offices

1

Most active in

California · Florida · Illinois · Indiana · Nebraska · Texas

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

John M

CFP®, CFA®, Series 66

Chicago, IL

103 Advisory Group

John Mariscalco is a CFP® and CFA® with nine years of industry experience. He is currently an advisor at 103 Advisory Group, where he has worked since 2021. His prior roles include positions at Strategic Wealth Partners, Marquette Associates, and Mainstreet Advisors. 103 Advisory Group is an independent SEC-registered advisory firm managing approximately $225 million for about 74 clients. The firm serves individual and high-net-worth clients, offering discretionary portfolio management, modular financial planning, and business-development consulting for financial institutions, using a combination of strategic and tactical asset allocation alongside a monitored sub-advisory framework.

Active portfolio management Options & derivatives strategies
user avatar

Justin M

Series 65, Series 66

Chicago, IL

103 Advisory Group

Justin Maffucci is a financial advisor at 103 Advisory Group with Series 65 and Series 66 licenses and two years of industry experience. His prior roles include positions at Northern Trust Company, Acadian Asset Management, Toth Financial Advisory Corp., and Merrill Lynch. 103 Advisory Group is an independent advisory firm managing approximately $224.8 million for about 74 clients through a three-advisor team. The firm offers discretionary portfolio management, modular and fixed-fee financial planning, and business-development consulting for financial institutions, serving both individual and high-net-worth clients.

Active portfolio management Options & derivatives strategies
user avatar

Richard M

CFA®, Series 63

Chicago, IL

103 Advisory Group

Richard Milton is a CFA® charterholder and Series 63 licensee with 24 years of industry experience. He has worked at 103 Advisory Group since 2021 and previously spent 17 years at Mainstreet Advisors. Based in Chicago, IL, he is one of three advisors at 103 Advisory Group. 103 Advisory Group is an independent SEC-registered advisory firm managing approximately $224.8 million for about 74 clients. The firm offers discretionary portfolio management, modular and fixed-fee financial planning, and business-development consulting for financial institutions, serving both individual and high-net-worth clients.

Active portfolio management Options & derivatives strategies
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