Investment Management Group

CRD#122166
Investment Advisor Firm

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Overview

Investment Management Group is located at 402 N. Broadway, Billings, MT. The firm employs 23 financial advisors to manage client portfolios and provide financial guidance. Investment Management Group is not a registered broker-dealer.

Investment Management Group oversees $4.8 billion in assets under management across 2,303 accounts, of which 2,046 are discretionary and 257 are non-discretionary. Over the past year, the firm has provided financial planning services to between 26 and 50 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, and other services. The firm caters to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations, with retail investors being the largest client type by accounts. The fee structure at Investment Management Group includes asset-based and fixed fees. The firm has 497 high net worth clients and maintains affiliations with a banking or thrift institution, accountant or accounting firm, lawyer or law firm, and an insurance company or agency.

Investment Management Group is registered in the states of Arizona, California, Florida, Minnesota, Montana, Nebraska, Nevada, New York, North Dakota, Oregon, South Dakota, Texas, Washington, Wisconsin, and Wyoming.

Assets Under Management

$4.8 billion

Number of Advisors

23

Disclosures

No

Office Location

402 N. Broadway
Billings, MT 59101

Investment Management Group by the Numbers

Total Assets Under Management

$4.8 billion

National Average: $8.6 billion
Total Number of Employees

27

National Average: 64
Total Number of Accounts

2,303

National Average: 375,227
Average Account Size

$2.1 million

National Average: $23.0 thousand
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Products and Services

Investment Management Group provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, and other services. In the past fiscal year, Investment Management Group provided 26-50 of its accounts with financial planning services. It is not engaged in selling products or offering services other than investment advice to its investment advisory clients.

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.

  • Offered by 46% of firms

    Portfolio Management

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

  • Find a firm that offers this service

    Market Timing Services

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

Other Services

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Fee Structure

Fees for financial advice usually vary depending on the type of financial services offered. Fees billed by Investment Management Group can include some combination of the following fee types: asset-based or fixed.

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.

  • Offered by 32% of firms

    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.

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 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 firm works with a number of different investors. It works with retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations. Out of its 8 clients, Investment Management Group's biggest client group by number of accounts is banking institutions, though it also serves 497 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM 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).

Created with Highcharts 6.0.7
  • High-Net-Worth Individuals* - 31.06%
  • Other Individuals - 57.94%
  • Corporations - 7%
  • Charitable Organizations - 4%

* 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

Investment Management Group does not have any disclosures.

Please visit its Form ADV for more details.

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Created with Highcharts 6.0.7
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Financial Advisors at Investment Management Group

Johnathan Vogel
Billings, MT
Molly Werk
Missoula, MT
Sean Burt
Missoula, MT
Jennifer Hemphill
Billings, MT
Michelle Juntunen
Helena, MT
Nathan Fisk
Billings, MT
Patrick Angland
Billings, MT
Brenda Hittmeier
Billings, MT
Jonathan Skinner
Sidney, MT

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The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.