Scg Asset Management LLC
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Overview
Scg Asset Management LLC is an advisory company headquartered in Naperville, Illinois. The firm administers $129.6 million in total assets over eight client accounts, placing it in the mid-tier of firms in the country by assets under management (AUM). It has a small team, including 7 financial advisors. Scg Asset Management LLC is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are exchangable financial assets like equities, options and bonds.
Scg Asset Management LLC oversees some of the company's client assets in a discretionary manner. Discretionary management is a structure in which a portfolio manager has the discretion to make buy and sell choices without requiring the client's permission. The firm also administers seven non-discretionary accounts with a total of $112.3 million in AUM. The firm's average account size is $16.2 million. An average advisor at Scg Asset Management LLC administers around one client account, placing it among the most individualized firms in the country.
Scg Asset Management LLC's central office is located at 2132 Deep Water Lane, Naperville, Illinois 60564. Scg Asset Management LLC is legally allowed to provide services to investors across a few states, including Illinois and Tennessee.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Scg Asset Management LLC by the Numbers
$129.6 million
12
8
$16.2 million
Fee Structure
Fees for financial advice vary depending on which services the firm provides the client. However, fees charged by the company most likely include any blend of the following fee types: asset-based, fixed or performance-based. Scg Asset Management LLC does not supply a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm caters to high net worth investors and investment companies. Out of its eight customers, Scg Asset Management LLC's biggest client type by number of accounts is high net worth investors, but it also serves seven high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 87.5%
- Other Individuals - 0%
- Corporations - 12.5%
- Charitable Organizations - 0%
* 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
Scg Asset Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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