M

Morris Group Advisory Service, Inc

Updated today

Client assets under management

$18,600,000

Clients

91

8% high-net worth

Advisors

2

of 2 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

46

Typical

Average account size

$204,396

About

Morris Group Advisory Service, Inc. is a small, independent advisory firm that provides discretionary portfolio management and investment advice primarily to individual clients. The firm manages 91 client accounts with roughly $18.6 million in assets under management and uses an independent custodian for client assets.

The firm operates as a fiduciary and establishes client needs, goals, time horizons, and risk tolerance through client interviews, then implements investment programs that generally emphasize broadly held market securities. With written authorization the firm exercises discretionary authority, conducts account reviews at least quarterly (monthly in practice), and provides periodic market-review reports to clients.

A notable feature is that the firm’s advisory representative is also a registered representative of an affiliated broker-dealer and acts as an insurance agent, a combination that is uncommon among independent advisers. The brochure discloses that the representative may receive commissions or 12b-1 fees on certain variable annuity, variable life, or mutual fund sales and that the representative spends part of his time on broker-dealer and insurance activities; the firm also disclosed a prior regulatory penalty related to a missed filing.

Client services

Portfolio management

Expertise

Annuities

Fee options

Percentage

Fees based on individual client account balances, paid quarterly in arrears; specific percentage not stated

Main office location

Morris Group Advisory Service, Inc

8445 Keystone Crossing Ste 240

Indianapolis IN 46240, United States

Number of offices

1

Most active in

Indiana

Disclosures

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

Business activities & affiliations

Quick links

Advisors at this firm

user avatar

John S

Series 63

Indianapolis, IN

Morris Group Advisory Service, Inc

John Simmons is a financial advisor with Morris Group Advisory Service, Inc. in Indianapolis, Indiana. He holds a Series 63 designation and has 40 years of industry experience, including 38 years with Morris Group. In addition to his advisory role, he is also licensed to sell life insurance. Morris Group Advisory Service, Inc. is an independent firm providing discretionary portfolio management and investment advice primarily to individual clients. The firm manages approximately $18.6 million in assets across 91 client accounts, using an independent custodian and emphasizing broadly held market securities in its investment approach.

Annuities
user avatar

John S

Series 63, Series 65

Indianapolis, IN

Morris Group Advisory Service, Inc

John Simmons is a financial advisor with Morris Group Advisory Service, Inc. in Indianapolis, IN. He holds Series 63 and Series 65 licenses and has 24 years of industry experience. He has been with Morris Group, Inc. since 2001 and has served as president of the affiliated broker-dealer, Morris Group, Inc., which operates a small broker-dealer and sells life insurance products. Morris Group Advisory Service, Inc. is an independent firm providing discretionary portfolio management and investment advice primarily to individual clients. The firm manages approximately 91 client accounts and emphasizes broadly held market securities while operating as a fiduciary with regular account reviews and client reporting.

Annuities
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