Sammons Financial Group Asset Management, LLC

CRD#321109
Investment Advisor Firm

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Learn more about Sammons Financial Group Asset Management, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Sammons Financial Group Asset Management, LLC is located at 8300 Mills Civic Parkway, West Des Moines, IA. The firm employs 6 financial advisors to manage client portfolios and provide financial guidance. Sammons Financial Group Asset Management, LLC is not a registered broker-dealer.

    Sammons Financial Group Asset Management, LLC oversees $11.4 billion in assets under management across 8 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to between 1 and 10 clients. The services offered include financial planning services, portfolio management for institutional clients, and selection of other advisers. The firm caters to insurance companies and corporations, with corporations being the largest client type by accounts. The fee structure at Sammons Financial Group Asset Management, LLC is asset-based. The firm maintains affiliations with a broker-dealer or securities dealer, insurance company or agency, pension consultant, real estate broker or dealer, and commodity pool advisor.

    Sammons Financial Group Asset Management, LLC is registered in the states of Delaware and Iowa.

    Assets Under Management

    $11.4 billion

    Number of Advisors

    6

    Disclosures

    No

    Office Location

    8300 Mills Civic Parkway
    West Des Moines, IA 50266

    Sammons Financial Group Asset Management, LLC by the Numbers

    Total Assets Under Management

    $11.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    15

    National Average: 64
    Total Number of Accounts

    8

    National Average: 375,227
    Average Account Size

    $1.4 billion

    National Average: $23.0 thousand
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    Products and Services

    Sammons Financial Group Asset Management, LLC provides a variety of financial services, including financial planning services, portfolio management for institutional clients, and selection of other advisers. In the last financial year, Sammons Financial Group Asset Management, LLC provided financial planning services to 45301 of its customers. It is not engaged in selling products or offering services apart from investment advice to its investment advisory customers.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

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      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial advisory fees typically vary depending on the type of financial services provided. Fees billed by Sammons Financial Group Asset Management, LLC typically consist of the following fee structure: asset-based.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company provides services to insurance companies and corporations. Out of its 2 clients, Sammons Financial Group Asset Management, LLC's largest client group by number of accounts is insurance companies.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • 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

    Sammons Financial Group Asset Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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