Wealth manager, independent · Downers Grove, IL
JMG Financial Group LTD
SEC-registered investment adviser · CRD 110302 · SEC 801-23526
At a glance
JMG Financial Group LTD is an SEC-registered investment adviser based in Downers Grove, Illinois, with $7.5B in regulatory assets under management as of its Form ADV filed March 23, 2026. It reports 1,776 individual clients, 1,403 of them high-net-worth, holding an average of about $4.2 million each, and 103 employees. That ranks it 145th among the nation’s 5,657 independent wealth management RIAs and 11th of 226 in Illinois. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 630-571-5252jmgfinancial.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $7.5B
- Rank among independent wealth managers
- #145 of 5,657
- Rank among all SEC RIAs
- #1,627 of 17,210
- Rank in Illinois
- #11 of 226
- Individual clients
- 1,776
- High-net-worth clients
- 1,403
- Accounts
- 7,164
- Discretionary
- 96% of AUM
- Employees
- 103
- Advisory staff
- 66
- Offices
- 4
Owners and executives on its Form ADV
- Anthony D. CecchiniShareholder and Chief Executive Officer
- Matthew J. GrubbShareholder
- Jason R. OhallenShareholder and President
- William R. GermanShareholder and Chief Investment Officer
- Daniel R. JurgovanShareholder and Chief Technology Officer
- Justin H. LeschShareholder
- Michelle P. RozsypalShareholder
- Brian C. VanBurenShareholder
- Erik J. FaustShareholder
- Oscar H. CantuShareholder and Chief Client Solutions Officer
- Aaron W. NiecShareholder
- Tony E. KozailiShareholder
Custody and brokerage
Broker-dealer
No broker-dealer ties
JMG Financial Group LTD reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,403 | $7.3B | 97% |
| Individuals | 373 | $214M | 3% |
| Corporations or other businesses | 3 | $9M | <1% |
| Charitable organizations | 2 | $5M | <1% |
| Pension and profit sharing plans | 8 | $1M | <1% |
Disciplinary disclosures
JMG Financial Group LTD reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗jmgfinancial.com ↗
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The full record on JMG Financial Group LTD
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 551 peers of its type and size
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- Owners and executives, with titles and stakes
- 15 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Illinois
All of Illinois →| Firm | Regulatory AUM | Clients |
|---|---|---|
| BMO Family Office, LLCChicago | $10.0B | 70 |
| Altair Advisers, LLCChicago | $9.8B | 895 |
| Forum Financial Management, LPLombard | $8.7B | 5,622 |
| Chicago Partners Investment Group LLCChicago | $7.5B | 2,741 |
| Lasalle St. Investment Advisors, L.L.C.Elmhurst | $5.7B | 13,711 |
| Crescent Grove AdvisorsLake Forest | $5.5B | 325 |
Background
Questions
How much does JMG Financial Group LTD manage?
JMG Financial Group LTD reports $7.5B in regulatory assets under management across 7,164 accounts, 96% of it on a discretionary basis, on its Form ADV filed March 23, 2026.
How many clients does JMG Financial Group LTD have?
It reports 1,776 individual clients: 1,403 high-net-worth individuals and 373 other individuals. Individuals account for about 100% of its regulatory assets.
Where is JMG Financial Group LTD headquartered?
Its main office is in Downers Grove, Illinois. It reports 4 offices in total and 103 employees, 66 of whom perform investment advisory functions.
How does JMG Financial Group LTD charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does JMG Financial Group LTD use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 23, 2026, it reports these amounts held: Charles Schwab ($7.4B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is JMG Financial Group LTD a hybrid RIA with a broker-dealer?
JMG Financial Group LTD reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is JMG Financial Group LTD a fiduciary?
As an SEC-registered investment adviser, JMG Financial Group LTD owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is JMG Financial Group LTD’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-23), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →