JMG Financial Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 1,500 clients last fiscal year.
JMG Financial Group reports 1,789 clients. They include 1,403 high-net-worth individuals, 373 individual clients, and 8 pension and profit-sharing plans. Of its assets, 95.7% ($7.17B across 6,387 accounts) are managed with discretion; $326M across 777 accounts are not. Of its clients, 1% are outside the U.S. It advised 139 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 21% | 3% |
| High-net-worth individuals | 78% | 97% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 373 | $214M | 2.9% | $574K |
| High-net-worth individuals | 1,403 | $7.27B | 96.9% | $5.18M |
| Pension and profit-sharing plans | 8 | $1.24M | 0.0% | $155K |
| Charitable organizations | Fewer than 5 | $4.94M | 0.1% | $2.47M |
| Corporations and other businesses | Fewer than 5 | $9.33M | 0.1% | $3.11M |
| Total | 1,789 | $7.5B | 100% | — |
- Clients
- 373
- Regulatory AUM
- $214M
- AUM share
- 2.9%
- Avg. per client
- $574K
- Clients
- 1,403
- Regulatory AUM
- $7.27B
- AUM share
- 96.9%
- Avg. per client
- $5.18M
- Clients
- 8
- Regulatory AUM
- $1.24M
- AUM share
- 0.0%
- Avg. per client
- $155K
- Clients
- Fewer than 5
- Regulatory AUM
- $4.94M
- AUM share
- 0.1%
- Avg. per client
- $2.47M
- Clients
- Fewer than 5
- Regulatory AUM
- $9.33M
- AUM share
- 0.1%
- Avg. per client
- $3.11M
Total
- Clients
- 1,789
- Regulatory AUM
- $7.5B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 139
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1500
JMG Financial Group charges 0.35%–1.00% a year for its Typical fee range for portfolio management. The fee is billed in advance and is negotiable. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Combined investment and financial advisory
- The combined fee generally ranges from 0.30% to 1.00% of assets, subject to a $20,000 annual minimum, or may be a negotiable fixed fee of $10,000 to $50,000.
- Retirement consulting services
- Retirement plan consulting is negotiable, with fees based on plan assets generally ranging from 0.35% to 1.00%, or on a negotiable fixed fee.
- Stand-alone financial advisory and consulting
- Stand-alone financial advisory and consulting fees are negotiable: fixed fees generally run $10,000 to $50,000, or in limited cases hourly at $100 to $600 per hour.
Anthony Cecchini is CEO; the leadership team includes President Jason Ohallen, Chief Investment Officer William German and Chief Operating Officer Adam Boyer. It has 103 employees, 66 of them in advisory roles.
Staff
- 103 employees
- 66 in advisory functions
- 48 state-registered reps
- 1 soliciting firm
- Owns 10% to 25% of JMG Financial Group LTD
Anthony Cecchini
Control person · since July 2007
- Owns 10% to 25% of JMG Financial Group LTD
Jason Ohallen
Control person · since January 2015
- Owns 10% to 25% of JMG Financial Group LTD
Michelle Rozsypal
since January 2020
- Owns 5% to 10% of JMG Financial Group LTD
Matthew Grubb
since January 2012
- Owns 5% to 10% of JMG Financial Group LTD
Justin Lesch
since January 2019
- Owns 5% to 10% of JMG Financial Group LTD
Brian VanBuren
Control person · since January 2021
JMG Financial Group’s regulatory assets grew 2.0× from $3.79B (July 2021) to $7.5B (March 2026); clients rose from 1,154 to 1,789 and employees from 54 to 103.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $7.5B | 1,789 | 103 | 4 |
| Mar 2025March 2025 | $6.37B | 1,665 | 96 | 4 |
| Apr 2024April 2024 | $5.42B | 1,552 | 63 | 4 |
| Aug 2023August 2023 | $4.5B | 1,454 | 64 | 3 |
| Jun 2022June 2022 | $4.72B | 1,317 | 56 | 4 |
| Jul 2021July 2021 | $3.79B | 1,154 | 54 | 4 |
Besides its headquarters, JMG Financial Group has 3 offices, with 4 listed addresses across 4 states.
Florida · 1 listed address
- 1990 Main Street, Sarasota
Illinois · 1 listed address
- 2001 Butterfield Road, Suite 1400, Downers GroveHQ
Minnesota · 1 listed address
- 3601 Minnesota Drive, Bloomington
Wisconsin · 1 listed address
- N19W24400 Riverwood Drive, Pewaukee
Contact and registration details
- Legal name
- JMG Financial Group LTD
- Headquarters
- 2001 Butterfield Road, Suite 1400, Downers Grove, IL 60515
- Website
- jmgfinancial.com
- Phone
- 630-571-5252
- @jmg-financial-group-ltd
- SEC file
- 801-23526
- Structure
- Delaware corporation
- Fiscal year end
- December
JMG Financial Group’s named custodian for separately managed accounts is Charles Schwab ($7.37B). JMG Financial Group has custody of $3.61B for 1,070 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $7.37B100%
At year end, JMG Financial Group’s separately managed accounts were mostly in funds (94%). Its reported 13F holdings for the quarter ended 30 June 2026 total $4.14B across 137 positions; the largest are Vanguard Index Fds (23.3%), Vanguard Index Fds (11.0%) and Vanguard Tax-managed Fds (10.8%).
What the accounts hold
- Stocks3%
- Funds94%
- Registered funds90%
- Pooled vehicles4%
- Cash3%
How many clients does JMG Financial Group have?
JMG Financial Group has 1,789 clients and manages $7.5 billion for them, as of March 2026. They include 1,403 high-net-worth individuals, 373 individual clients, and 8 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026
What services does JMG Financial Group offer?
JMG Financial Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does JMG Financial Group charge?
JMG Financial Group charges 0.35%–1.00% a year for its Typical fee range for portfolio management. The fee is billed in advance and is negotiable.
Source: JMG FINANCIAL BROCHURE MARCH 2026, filed 23 March 2026
Which custodians does JMG Financial Group use?
JMG Financial Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $7.37B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026
How many financial advisors does JMG Financial Group have?
JMG Financial Group has 48 investment adviser representatives registered with state securities authorities, out of 103 employees, and 66 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 JMG Financial Group invest in?
At the end of its last fiscal year, JMG Financial Group’s separately managed accounts held 90% registered funds (mutual funds, ETFs, BDCs), 4% pooled vehicles (private funds and similar), 3% exchange-traded equities and 3% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns JMG Financial Group?
JMG Financial Group’s direct owners are Anthony Cecchini, Matthew Grubb, Jason Ohallen, Justin Lesch, Michelle Rozsypal and Brian VanBuren, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 23 March 2026
How does JMG Financial Group get paid?
JMG Financial Group is paid through a percentage of assets under management, hourly charges 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 JMG Financial Group?
JMG Financial Group’s main office is at 2001 Butterfield Road, Suite 1400, Downers Grove, IL 60515. Its phone number is 630-571-5252. Its website is jmgfinancial.com.
