State Farm Investment Management Corp

CRD#3487
Investment Advisor Firm

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Learn more about State Farm Investment Management Corp

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    State Farm Investment Management Corp operates as a financial advisory company headquartered in Bloomington, Illinois. The firm handles $9.3 billion in total assets across four client accounts, making it one of the biggest investment advisory firms in the nation by assets under management (AUM). The company has a small group, including 22 financial advisors. State Farm Investment Management Corp does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are tradable financial investments like equities, options and bonds.

    State Farm Investment Management Corp administers all of the company's client assets in a discretionary manner. Discretionary management means that a portfolio manager has the discretion to make transaction judgments for the client's account without needing client authorization. The company supervises an average of $2.3 billion in assets for every client account. An average financial advisor at State Farm Investment Management Corp oversees fewer than one client account, placing it among the most personalized firms in the country.

    The firm's main office is at One State Farm Plaza, Bloomington, Illinois 61710-0001. State Farm Investment Management Corp is registered to serve customers across 51 U.S. states and territories.

    Assets Under Management

    $9.3 billion

    Number of Advisors

    22

    Disclosures

    No

    Office Location

    One State Farm Plaza
    Bloomington, IL 61710-0001

    State Farm Investment Management Corp by the Numbers

    Total Assets Under Management

    $9.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    22

    National Average: 64
    Total Number of Accounts

    4

    National Average: 375,227
    Average Account Size

    $2.3 billion

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees largely depend on the type of financial services offered. Fees billed by the company typically consist of the following fee type: asset-based. State Farm Investment Management Corp does not supply a wrap fee program, in which the company offers a bundle of services for a single fee.

    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.

    Back to Overview

    Types of Clients

    The firm caters to investment companies. Out of its four customers, State Farm Investment Management Corp's largest client group by number of accounts is investment companies. None of the company's accounts are represented by non-U.S. persons.

    • 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

    State Farm Investment Management Corp does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at State Farm Investment Management Corp

    Adam Smith
    Prescott, AZ
    Zack Rabadi
    West Hills, CA
    John Klaus
    Arlington Heights, IL
    William Patteson
    Collierville, TN
    Bradley Griffin
    Dakota Dunes, SD
    Philip Goodge
    Cathedral City, CA
    Kim Hinkle
    Salt Lake City, UT
    Paul Hong
    San Ramon, CA
    Paul Finch
    Bend, OR

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