Investment Managers Group, LLC

The firm provides investment advisory and financial planning services primarily to individual and high-net-worth clients through a comprehensive portfolio management program covering stocks, bonds, mutual funds, ETFs, options and other public and private securities. It reports managing about $116.8 million on a non-discretionary basis for roughly 244 client relationships and operates with two advisors.

Advice is delivered on an individualized basis using a mix of fundamental, technical and cyclical analysis and a range of strategies from long-term holdings to shorter-term trading and ETF exposures; portfolios are reviewed at least quarterly. The firm generally operates on a non-discretionary basis (clients retain final trading authority) and commonly recommends a major custodial broker-dealer for account custody and trade execution while providing ongoing monitoring and planning support.

Several regulatory and business relationships distinguish the firm from many peers: a firm principal is affiliated with a broker-dealer and is also a licensed insurance agent, so the firm may recommend commissionable securities and insurance products and discloses those potential conflicts in its brochure and Code of Ethics. The combination of substantial non-discretionary assets and these broker-dealer and insurance affiliations—along with the firm’s use of custodial services that provide economic benefits to the adviser—are notable features that clients should consider when assessing the firm.