On Investment Management CO

O.N. Investment Management Company provides financial planning and investment advisory services to a broad client base that includes individual investors (both non‑HNW and high net worth), charitable organizations, businesses, and retirement plan sponsors and participants. Its advisory platform includes fee-based financial planning, access to multiple third‑party investment programs, and retirement plan advisory services in addition to IAR‑directed managed account options.

The firm offers a mix of third‑party discretionary programs and two Envestnet IAR‑directed programs that permit advisers to construct and (in the Adviser as Portfolio Manager program) exercise discretion over portfolios composed of individual stocks, bonds, mutual funds, ETFs and certain variable annuity sub‑accounts. Despite offering discretionary programs, the majority of the firm’s reported assets under management are non‑discretionary—approximately $1.64 billion non‑discretionary versus $736.9 million discretionary—so many client relationships remain advisory or implementation‑directed rather than fully discretionary.

O.N. Investment Management Company is a subsidiary of a full‑service broker‑dealer and its Investment Adviser Representatives commonly serve concurrently as registered representatives and insurance agents, a structure the firm discloses and manages through written policies, home‑office reviews, and a Code of Ethics. The brochure also discloses a past SEC enforcement matter related to mutual fund share‑class and sweep selection; the firm reports remedial steps taken (including rebating certain 12b‑1 fees, changing sweep options, and updating disclosures and compliance procedures).