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The fee is billed in advance or in arrears, is negotiable and has a $3,000 annual minimum.","source":"PART 2A BROCHURE, filed 29 July 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Allied Investment Advisors use?","answer":"Allied Investment Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.16B. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Allied Investment Advisors have?","answer":"Allied Investment Advisors has 11 investment adviser representatives registered with state securities authorities, out of 12 employees, and 11 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Allied Investment Advisors invest in?","answer":"At the end of its last fiscal year, Allied Investment Advisors’ separately managed accounts held 60% exchange-traded equities, 32% registered funds (mutual funds, ETFs, BDCs), 4% cash and equivalents, 3% U.S. government and agency bonds and 1% state and local bonds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Allied Investment Advisors?","answer":"Allied Investment Advisors’ direct owners are Gary Lucas (50% to 75%), Bart Aby (10% to 25%), Eric Vermulm (5% to 10%) and Daniel M Kelly Rev Trust (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 29 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Allied Investment Advisors get paid?","answer":"Allied Investment Advisors is paid through a percentage of assets under management, hourly charges and subscription fees. 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