FWG Investments provides financial planning, portfolio management for individuals and small businesses, selecting other managers, publishing newsletters, and educational seminars. Financial planning was provided to 1,000 clients last fiscal year.
FWG Investments reports 1,846 clients. They include 1,794 individual clients, 28 pension and profit-sharing plans, and 19 high-net-worth individuals. Of its assets, 100.0% ($349M across 3,534 accounts) are managed with discretion. It advised 211 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 97% | 84% |
| High-net-worth individuals | 1% | 12% |
| Pension and profit-sharing plans | 2% | 3% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | <1% | 1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,794 | $294M | 84.2% | $164K |
| High-net-worth individuals | 19 | $40.8M | 11.7% | $2.15M |
| Pension and profit-sharing plans | 28 | $9.34M | 2.7% | $333K |
| Charitable organizations | Fewer than 5 | $701K | 0.2% | — |
| Corporations and other businesses | 5 | $4.43M | 1.3% | $885K |
| Total | 1,846 | $349M | 100% | — |
- Clients
- 1,794
- Regulatory AUM
- $294M
- AUM share
- 84.2%
- Avg. per client
- $164K
- Clients
- 19
- Regulatory AUM
- $40.8M
- AUM share
- 11.7%
- Avg. per client
- $2.15M
- Clients
- 28
- Regulatory AUM
- $9.34M
- AUM share
- 2.7%
- Avg. per client
- $333K
- Clients
- Fewer than 5
- Regulatory AUM
- $701K
- AUM share
- 0.2%
- Avg. per client
- —
- Clients
- 5
- Regulatory AUM
- $4.43M
- AUM share
- 1.3%
- Avg. per client
- $885K
Total
- Clients
- 1,846
- Regulatory AUM
- $349M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 211
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1000
FWG Investments charges up to 1.50% a year for its Asset management services. The fee is billed in arrears, is negotiable and requires an account of at least $10,000.
Fee details and sources
HMJ LLC owns 50% to 75% of FWG Investments and is in turn owned by Donald Bentley (75% or more). The leadership team of FWG Investments includes Chief Operating Officer Brian Staples and Chief Compliance Officer Matthew Giggey. It has 27 employees, 10 of them in advisory roles.
Staff
- 27 employees
- 10 in advisory functions
- 9 state-registered reps
- 12 insurance agents
- Owns 50% to 75% of FWG Investments, LLC
HMJ LLC
Control person · since January 2022
- Owns 75% or more of HMJ LLC
Donald Bentley
Control person · since January 2022
- Owns 50% to 75% of FWG Investments, LLC
Jeff Sheppard Financial LLC
Control person · since January 2022
- Owns 75% or more of Jeff Sheppard Financial LLC
Jeffrey Sheppard
Control person · since January 2022
FWG Investments’ regulatory assets grew 1.5× from $230M (March 2021) to $349M (May 2026); clients were 1,846 in both filings and employees rose from 20 to 27.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| May 2026May 2026 | $349M | 1,846 | 27 | 6 |
| Mar 2025March 2025 | $250M | 1,434 | 20 | 6 |
| Mar 2024March 2024 | $206M | 1,248 | 24 | 6 |
| Aug 2023August 2023 | $340M | 1,029 | 22 | 5 |
| Apr 2022April 2022 | $336M | 1,002 | 20 | 5 |
| Mar 2021March 2021 | $230M | 1,773 | 20 | 5 |
Besides its headquarters, FWG Investments has 5 offices, with 6 listed addresses across 2 states.
Kentucky · 5 listed addresses
- 2704 Old Rosebud Road, Suite 160, LexingtonHQ
- 125 Collin Drive, Harrodsburg
- 1502 Oxford Drive, Georgetown
- 107 CVB Drive, London
- 423 East MT. Vernon Street, Somerset
West Virginia · 1 listed address
- 3751 Teays Valley RD., Hurricane
Other business names
FWG Investments has reported 1 other business name to the SEC.
- Family Wealth Group, LLC
Contact and registration details
- Legal name
- FWG Investments, LLC
- Headquarters
- 2704 Old Rosebud Road, Suite 160, Lexington, KY 40509
- Website
- thefamilywealthgroup.com
- Phone
- 859-309-0349
- SEC file
- 801-112954
- Structure
- Kentucky LLC
- Fiscal year end
- December
FWG Investments’ named custodian for separately managed accounts is Fidelity ($349M). FWG Investments has custody of $6.16M for 39 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $349M100%
At year end, FWG Investments’ separately managed accounts were mostly in funds (69%) and cash (24%). Its reported 13F holdings for the quarter ended 31 March 2026 total $157M across 117 positions; the largest are Vanguard Index Fds (10.7%), Vanguard Index Fds (8.0%) and Capitol Ser TR (3.9%).
What the accounts hold
- Stocks7%
- Funds69%
- Cash24%
How many clients does FWG Investments have?
FWG Investments has 1,846 clients and manages $349 million for them, as of May 2026. They include 1,794 individual clients, 28 pension and profit-sharing plans, and 19 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 May 2026
What services does FWG Investments offer?
FWG Investments provides financial planning, portfolio management for individuals and small businesses, selecting other managers, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does FWG Investments charge?
FWG Investments charges up to 1.50% a year for its Asset management services. The fee is billed in arrears, is negotiable and requires an account of at least $10,000.
Source: FWG INVESTMENTS, LLC - FIRM BROCHURE, filed 25 March 2026
Which custodians does FWG Investments use?
FWG Investments’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $349M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 May 2026
How many financial advisors does FWG Investments have?
FWG Investments has 9 investment adviser representatives registered with state securities authorities, out of 27 employees, and 10 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 12 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does FWG Investments invest in?
At the end of its last fiscal year, FWG Investments’ separately managed accounts held 69% registered funds (mutual funds, ETFs, BDCs), 24% cash and equivalents and 7% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does FWG Investments have a minimum investment?
Yes, FWG Investments’ minimum account size for its Asset management services is $10K.
Source: FWG INVESTMENTS, LLC - FIRM BROCHURE, filed 25 March 2026
Who owns FWG Investments?
FWG Investments is owned through holding companies by Donald Bentley and Jeffrey Sheppard. Its direct owners are HMJ LLC (50% to 75%) and Jeff Sheppard Financial LLC (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 22 May 2026
How does FWG Investments get paid?
FWG Investments is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact FWG Investments?
FWG Investments’ main office is at 2704 Old Rosebud Road, Suite 160, Lexington, KY 40509. Its phone number is 859-309-0349. Its website is thefamilywealthgroup.com.