JLB & Associates provides portfolio management for individuals and small businesses and retirement plan services.
JLB & Associates reports 291 clients. They include 164 high-net-worth individuals and 127 individual clients. Of its assets, 93.9% ($838M across 523 accounts) are managed with discretion; $54.4M across 27 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 44% | 7% |
| High-net-worth individuals | 56% | 93% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 127 | $63.2M | 7.1% | $497K |
| High-net-worth individuals | 164 | $830M | 92.9% | $5.06M |
| Total | 291 | $893M | 100% | $3.07M |
- Clients
- 127
- Regulatory AUM
- $63.2M
- AUM share
- 7.1%
- Avg. per client
- $497K
- Clients
- 164
- Regulatory AUM
- $830M
- AUM share
- 92.9%
- Avg. per client
- $5.06M
Total
- Clients
- 291
- Regulatory AUM
- $893M
- AUM share
- 100%
- Avg. per client
- $3.07M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
JLB & Associates charges 0.50%–1.00% a year for its Management Fees. Each asset band is charged at its own rate. The fee is billed in arrears and is not negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$200K | 1.00% |
| $200K–$500K | 0.80% |
| $500K–$1M | 0.70% |
| $1M and above | 0.50% |
Fee details and sources
James Bashaw owns 75% or more of JLB & Associates. The leadership team of JLB & Associates includes President James Bashaw. It has 4 employees, 3 of them in advisory roles.
Leadership
- James BashawPresident, Chief Compliance Officer
- Christopher SzydlowskiSenior Vice President
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 75% or more of JLB & Associates Inc
James Bashaw
Control person · since September 2017
JLB & Associates’ regulatory assets grew from $715M (February 2021) to $893M (April 2026); clients were 291 in both filings and employees fell from 5 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $893M | 291 | 4 | 3 |
| February 2025 | $848M | 304 | 5 | 2 |
| January 2024 | $823M | 305 | 5 | 2 |
| February 2023 | $738M | 304 | 5 | 2 |
| March 2022 | $824M | 297 | 5 | 1 |
| February 2021 | $715M | 281 | 5 | 1 |
Besides its headquarters, JLB & Associates has 2 offices (1 private residence, listed without an address), with 2 listed addresses in Michigan.
Michigan · 2 listed addresses
- 44670 Ann Arbor RD, Ste 190, PlymouthHQ
- 1669 N South Long Lake RD, Traverse City
Contact and registration details
- Legal name
- JLB & Associates Inc
- Headquarters
- 44670 Ann Arbor RD, Ste 190, Plymouth, MI 48170-4088
- Website
- jlbinvest.com
- Phone
- 734-454-9191
- SEC file
- 801-19434
- Founded
- 1983
- Structure
- Michigan corporation
- Fiscal year end
- December
JLB & Associates uses Charles Schwab ($655M, 78%) and RBC Capital Markets ($184M, 22%) as custodians for its separately managed accounts. JLB & Associates does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $655M78%
- RBC Capital MarketsRBC Capital Markets, LLC · New York, NY · $184M22%
At year end, JLB & Associates’ separately managed accounts were mostly in stocks (92%). Its reported 13F holdings for the quarter ended 30 June 2026 total $748M across 68 positions; the largest are KLA Corp. (7.1%), Amphenol Corp. (6.1%) and Caseys Gen Stores Inc. (5.4%).
What the accounts hold
- Stocks92%
- Funds1%
- Bonds2%
- Cash4%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $748M
- Reported 13F value
- 68
- Positions
- 44.2%
- In the 10 largest
- +7.4%
- Value vs. prior quarter
- KLA Corp.7.1%
- Amphenol Corp. · CL A6.1%
- Caseys Gen Stores Inc.5.4%
- Apple Inc.4.8%
- TJX Cos Inc. New4.5%
- Mastercard Incorporated · CL A3.7%
- Ross Stores Inc.3.4%
- Amgen Inc.3.1%
- Sei Invts CO3.1%
- Oracle Corp.3.0%
Together, the ten largest are 44.2% of reported value.
How many clients does JLB & Associates have?
JLB & Associates has 291 clients and manages $893 million for them, as of April 2026. They include 164 high-net-worth individuals and 127 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 April 2026
What services does JLB & Associates offer?
JLB & Associates provides portfolio management for individuals and small businesses and retirement plan services.
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 JLB & Associates charge?
JLB & Associates charges 0.50%–1.00% a year for its Management Fees. Each asset band is charged at its own rate. The fee is billed in arrears and is not negotiable.
Source: JLB & ASSOCIATES, INC - INVESTMENT COUNSEL, filed 25 March 2026
Which custodians does JLB & Associates use?
JLB & Associates’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $655M and RBC Capital Markets, LLC (New York, NY), with $184M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 April 2026
How many financial advisors does JLB & Associates have?
JLB & Associates has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 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
What does JLB & Associates invest in?
At the end of its last fiscal year, JLB & Associates’ separately managed accounts held 92% exchange-traded equities, 4% cash and equivalents, 2% investment grade corporate bonds and 1% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns JLB & Associates?
JLB & Associates’ direct owner is James Bashaw (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 3 April 2026
How does JLB & Associates get paid?
JLB & Associates is paid through a percentage of assets under management. 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 JLB & Associates?
JLB & Associates’ main office is at 44670 Ann Arbor RD, Ste 190, Plymouth, MI 48170-4088. Its phone number is 734-454-9191. Its website is jlbinvest.com.