Madison, WI Mineral Point Rd. Office

Associated Investment Services, Inc. provides advisory and brokerage services primarily to individual investors and also to small corporations, trusts, estates, and charitable institutions. The firm offers a range of model portfolio and separately managed account programs delivered through third‑party managers (BlackRock, Envestnet, Vanguard, Russell, Pimco, Wilshire, Innealta) and its affiliate Kellogg Asset Management, and it also sells insurance products in its capacity as a registered broker‑dealer and insurance agency.

AIS delivers advisory services through the Envestnet/NFS platform: clients meet with a Financial Advisor to establish goals and select model strategies, third‑party model providers or KAM implement the portfolios, and Envestnet performs billing, custody and operational functions. The firm reports approximately $1.169 billion in regulatory assets under management (12/31/2025) and states those assets are managed on a predominantly non‑discretionary basis, with model managers and the platform executing strategies rather than AIS exercising discretionary trading authority.

What distinguishes AIS from many peers is its organizational footprint and affiliated business lines: it is an indirect, non‑bank affiliate of Associated Banc‑Corp and is affiliated with Associated Bank, N.A., Associated Trust Company, and KAM, while also operating as a broker‑dealer and insurance agency. Those affiliations support integrated operational services, referral and client segmentation practices (including banking benefits tied to advisory relationships and a monthly correspondent clearing credit from NFS), and the firm also discloses client promotional credits and advisor non‑cash recognition incentives—arrangements the brochure identifies as potential sources of conflicts that clients should consider.