Jmg Financial Group Ltd (Downers Grove)

Name: Jmg Financial Group Ltd
Address: 2001 Butterfield Road, Suite 1400, Downers Grove, IL, 60515
Telephone: 630-571-5252

Jmg Financial Group Ltd is a large advisory firm based in Downers Grove. It manages $2.67 billion of regulatory assets for 2,774 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Connecticut, and 27 other states.

Jmg Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Jmg Financial Group: assets under management

The assets under management (AUM) of Jmg Financial Group Ltd is $2.67 billion. The firm's AUM has grown by 203% since the beginning of its operation, and $2.26 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.52 billion in discretionary accounts and $156.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $481.69 thousand.

Jmg Financial Group has custody of $493.33 million in cash and securities for 285 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jmg Financial Group Ltd for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jmg Financial Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Jmg Financial Group is high net worth individuals with 654 clients and $2.6 billion of assets under management. Among the 8 most similar advisory firms, Jmg Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.67 billion for 858 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Jmg Financial Group doesn't advise any private funds.

Careers at Jmg Financial Group Ltd

The company employs 42 people that are either part- or full-time employees. 98 percent of the employees work as investment advisers or researchers. 25 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wayne Maynard Janus	Shareholder and chief executive officer	1 Mar 1984	25% - 50%	1180927
Douglas Ray Evans	Shareholder, director of financial advisory services, and president	1 Feb 1989	Other	1061336
Marita Agnes Sullivan	Shareholder and chief executive officer	1 Apr 1989	Other	1657556
Robert Thomas Meeks	Shareholder and co-chief investment officer	1 Feb 1994	Other	2148889
Dennis Robert Marx	Shareholder and senior vice president	1 Feb 1994	Other	2185581
Donald Theodore King	Shareholder, chief information officer, and vice-president	1 Feb 1994	Other	1400288
Robert Thomas Meeks	Shareholder and vice-president	1 Jun 1997	Other	2148889
Donald Theodore King	Shareholder and compliance officer	1 Aug 1997	Other	1400288
Yonhee Choi Gordon	Shareholder, chief operating officer, and secretary	1 Aug 1998	Other	1657562
Steven Philip Medwed	Shareholder, treasurer, and chief financial officer	1 Jan 1999	Other	4375563
William Edward Dever	Shareholder	1 Jan 2001	Other	1027420
David Sean Morgan	Shareholder	1 Jan 2005	Other	2748164
William Gary Waight	Shareholder and co-chief investment officer	1 Jul 2007	Other	2213651
Melissa Ashbey Walsh	Shareholder	1 Jul 2007	Other	3190181
Anthony David Cecchini	Shareholder and chief compliance officer	1 Jul 2007	Other	4528719
Matthew James Grubb	Shareholder	1 Jan 2012	Other	4842476
Jason Robert Ohallen	Shareholder	1 Jan 2015	Other	3141892
William Robert German	Shareholder	1 Jan 2017	Other	4603209
Daniel Robert Jurgovan	Shareholder and chief technology officer	1 Jan 2018	Other	6895733

Based in Downers Grove

The principal office where Jmg Financial Group Ltd performs its advisory services is located at 2001 Butterfield Road, Suite 1400, Downers Grove, IL 60515, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-571-5252 or by fax 630-571-3821. The normal business hours are 8:30 a.m. to 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at jmgfinancial.com.