Sky Investment Group LLC
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Overview
Sky Investment Group LLC operates as an advisory firm headquartered in Hartford, Connecticut. The firm administers $682.6 million in total assets across 857 client accounts, making it one of the bigger investment advisory firms in the country by assets under management (AUM). Sky Investment Group LLC has a small team, including 8 financial advisors. Sky Investment Group LLC does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like bonds, equities and options.
Sky Investment Group LLC administers all of the firm's accounts on a discretionary basis. Discretionary management means that transaction choices for the client's account are made by a portfolio manager without needing to seek client consent. The company's average account size is $796,555. An average financial advisor at Sky Investment Group LLC manages about 107 client accounts.
Sky Investment Group LLC's central office is at One Financial Plaza, Hartford, Connecticut 6103. The company is legally registered to provide services to clients throughout 11 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Sky Investment Group LLC by the Numbers
$682.6 million
9
857
$796.6 thousand
Fee Structure
Financial management fees usually depend on which services the firm provides the client. However, fees charged by the firm typically consist of the following fee structure: asset-based. Sky Investment Group LLC does not participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with high net worth investors, pension plans and charitable organizations. Out of its 857 customers, Sky Investment Group LLC's largest client is high net worth investors, although it also manages money for 357 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are from outside of the U.S.
- High-Net-Worth Individuals* - 97.28%
- Other Individuals - 0%
- Corporations - 0.54%
- Charitable Organizations - 2.18%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Sky Investment Group LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Sky Investment Group LLC
Hartford, CT
Hartford, CT
Hartford, CT
Hartford, CT
Hartford, CT
Hartford, CT
Hartford, CT
Hartford, CT
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