Greater Midwest Financial Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 500 clients last fiscal year.
Greater Midwest Financial Group reports 699 clients. They include 537 individual clients, 141 high-net-worth individuals, and 21 pension and profit-sharing plans. Of its assets, 88.0% ($519M across 2,516 accounts) are managed with discretion; $70.6M across 71 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 77% | 26% |
| High-net-worth individuals | 20% | 64% |
| Pension and profit-sharing plans | 3% | 10% |
| Charitable organizations | Fewer than 5 | <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) | 537 | $154M | 26.2% | $288K |
| High-net-worth individuals | 141 | $378M | 64.1% | $2.68M |
| Pension and profit-sharing plans | 21 | $56.7M | 9.6% | $2.7M |
| Charitable organizations | Fewer than 5 | $438K | 0.1% | — |
| Total | 699 | $589M | 100% | — |
- Clients
- 537
- Regulatory AUM
- $154M
- AUM share
- 26.2%
- Avg. per client
- $288K
- Clients
- 141
- Regulatory AUM
- $378M
- AUM share
- 64.1%
- Avg. per client
- $2.68M
- Clients
- 21
- Regulatory AUM
- $56.7M
- AUM share
- 9.6%
- Avg. per client
- $2.7M
- Clients
- Fewer than 5
- Regulatory AUM
- $438K
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 699
- Regulatory AUM
- $589M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 500
Greater Midwest Financial Group charges 0.10%–1.50% a year for its Wealth Management. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Stand-alone financial planning and consulting carry a fixed fee ranging from $500 to $25,000, negotiable; project fees are half due at signing.
- Retirement plan consulting
- A fixed project fee of $500 to $25,000 a year, or 0.10% to 1.50% of assets advised, set for each engagement.
James Ronn owns 25% to 50% of Greater Midwest Financial Group. James Ronn is CEO; the leadership team includes President Robert Phillips. It has 13 employees, 3 of them in advisory roles.
Leadership
James RonnChief Executive Officer and Member
Robert PhillipsPresident, Chief Compliance Officer and Member- Jacob KoglerMember
- Donald PhillipsChairman and Member
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
Staff
- 13 employees
- 3 in advisory functions
- 3 state-registered reps
- 8 insurance agents
- Owns 25% to 50% of Greater Midwest Financial Group, LLC
James Ronn
Control person · since December 2022
- Owns 25% to 50% of Greater Midwest Financial Group, LLC
Robert Phillips
Control person · since December 2022
Greater Midwest Financial Group’s regulatory assets grew 2.2× from $273M (May 2023) to $589M (August 2026); clients fell from 865 to 699 and employees rose from 12 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $589M | 699 | 13 | 1 |
| May 2025 | $512M | 720 | 13 | 1 |
| March 2024 | $424M | 688 | 12 | 1 |
| May 2023 | $273M | 865 | 12 | 1 |
Besides its headquarters, Greater Midwest Financial Group has 0 offices, with 1 listed address in Minnesota.
Minnesota · 1 listed address
- 3222 Rice St., Saint PaulHQ
Contact and registration details
- Legal name
- Greater Midwest Financial Group, LLC
- Headquarters
- 3222 Rice St., Saint Paul, MN 55126
- Website
- greater-midwest.com
- Phone
- 651-490-9790
- @greater-midwest-financial-group
- SEC file
- 801-127206
- Structure
- Minnesota LLC
- Fiscal year end
- December
Greater Midwest Financial Group uses Fidelity ($508M) as custodian for its separately managed accounts. Greater Midwest Financial Group has custody of $8.1M in client assets for 17 clients.
- FidelityFidelity Investments · Boston, MA · $508M100%
At year end, Greater Midwest Financial Group’s separately managed accounts were largely in funds (43%) and stocks (33%). Its reported 13F holdings for the quarter ended 30 June 2026 total $201M across 65 positions; the largest are Blackrock ETF Trust (10.8%), American Centy ETF TR (7.5%) and Alphabet Inc. (6.1%).
What the accounts hold
- Stocks33%
- Funds43%
- Bonds17%
- U.S. government and agency bonds9%
- State and local bonds4%
- Investment grade corporate bonds4%
- Cash7%
Reported 13F holdings
- $201M
- Reported 13F value
- 65
- Positions
- 56.6%
- In the 10 largest
- +7.8%
- Value vs. prior quarter
- Blackrock ETF Trust · Isha I IN TE ETF10.8%
- American Centy ETF TR · US Sml CP Valu7.5%
- Alphabet Inc. · Cap Stk CL A6.1%
- Microsoft Corp.6.1%
- Micron Technology Inc.5.9%
- Amazon Com Inc.4.7%
- Nvidia Corporation4.3%
- Natixis ETF Trust II · Natixis Loomis3.8%
- Lam Research Corp.3.8%
- Meta Platforms Inc. · CL A3.6%
Together, the ten largest are 56.6% of reported value.
How many clients does Greater Midwest Financial Group have?
Greater Midwest Financial Group has 699 clients and manages $589 million for them, as of August 2026. They include 537 individual clients, 141 high-net-worth individuals, and 21 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 10 August 2026
What services does Greater Midwest Financial Group offer?
Greater Midwest Financial Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Greater Midwest Financial Group charge?
Greater Midwest Financial Group charges 0.10%–1.50% a year for its Wealth Management. The fee is billed in advance and is negotiable.
Source: DISCLOSURE BROCHURE FOR GREATER MIDWEST FINANCIAL GROUP, LLC, filed 10 August 2026
Which custodians does Greater Midwest Financial Group use?
Greater Midwest Financial Group’s separately managed account assets are held at Fidelity Investments (Boston, MA), with $508M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 August 2026
How many financial advisors does Greater Midwest Financial Group have?
Greater Midwest Financial Group has 3 investment adviser representatives registered with state securities authorities, out of 13 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 8 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 Greater Midwest Financial Group invest in?
At the end of its last fiscal year, Greater Midwest Financial Group’s separately managed accounts held 43% registered funds (mutual funds, ETFs, BDCs), 33% exchange-traded equities, 9% U.S. government and agency bonds, 7% cash and equivalents, 4% state and local bonds and 4% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Greater Midwest Financial Group?
Greater Midwest Financial Group’s direct owners are James Ronn and Robert Phillips, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 10 August 2026
How does Greater Midwest Financial Group get paid?
Greater Midwest Financial Group 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
Is Greater Midwest Financial Group registered with the SEC?
Yes, Greater Midwest Financial Group has been registered with the SEC as an investment adviser since 19 January 2023. Its CRD number is 324387 and its SEC file number is 801-127206.
Source: Form ADV Part 1A, Item 1, filed 10 August 2026; IAPD firm record
How do I contact Greater Midwest Financial Group?
Greater Midwest Financial Group’s main office is at 3222 Rice St., Saint Paul, MN 55126. Its phone number is 651-490-9790. Its website is greater-midwest.com.