TRG Investment Advisors provides portfolio management for individuals and small businesses and pension consulting.
TRG Investment Advisors reports 241 clients. They include 161 individual clients and 80 high-net-worth individuals. Of its assets, 81.1% ($136M across 281 accounts) are managed with discretion; $31.6M across 132 accounts are not. A wrap fee program the firm both sponsors and manages holds $166M. It advised 114 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 67% | 32% |
| High-net-worth individuals | 33% | 61% |
| Corporations and other businesses | Fewer than 5 | 7% |
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) | 161 | $53.6M | 32.0% | $333K |
| High-net-worth individuals | 80 | $101M | 60.6% | $1.27M |
| Corporations and other businesses | Fewer than 5 | $12.3M | 7.3% | — |
| Total | 241 | $167M | 100% | — |
- Clients
- 161
- Regulatory AUM
- $53.6M
- AUM share
- 32.0%
- Avg. per client
- $333K
- Clients
- 80
- Regulatory AUM
- $101M
- AUM share
- 60.6%
- Avg. per client
- $1.27M
- Clients
- Fewer than 5
- Regulatory AUM
- $12.3M
- AUM share
- 7.3%
- Avg. per client
- —
Total
- Clients
- 241
- Regulatory AUM
- $167M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 114
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
TRG Investment Advisors charges up to 1.25% a year for its Wrap Comprehensive Portfolio Management. The fee is billed in advance, is negotiable and requires an account of at least $300,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- 529 account management
- Maximum annual fee of 0.6%, billed quarterly in advance and debited from the 529 account.
Ima Advisors, LLC owns 75% or more of TRG Investment Advisors and is in turn owned by Ima Financial Group, Inc. (75% or more). The leadership team of TRG Investment Advisors includes President Benjamin Taggard and Chief Compliance Officer Valerie Ruppel. It has 6 employees.
Leadership
- Benjamin TaggardPresident
- Valerie RuppelChief Compliance Officer
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 6 in advisory functions
- 6 state-registered reps
- 5 insurance agents
- Owns 75% or more of TRG Investment Advisors, LLC
Ima Advisors, LLC
Control person · since March 2026
- Owns 75% or more of Ima Advisors, LLC
Ima Financial Group, Inc.
Control person · since January 2026
- Owns 25% to 50% of Ima Financial Group, Inc.
Nmsef II Holdings II, L.P.
Control person · since May 2026
Nmi Co-Invest GP, L.L.C.
General partner · Control person · since May 2026
- Owns 25% to 50% of Ima Financial Group, Inc.
Ohcp Ima Aggregator, L.P.
Control person · since May 2026
Ohcp Ima GP, LLC
General partner · Control person · since May 2026
TRG Investment Advisors’ regulatory assets fell from $703M (March 2022) to $167M (July 2026); clients fell from 257 to 241 and employees rose from 5 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $167M | 241 | 6 | 3 |
| March 2025 | $1.11B | 354 | 7 | 2 |
| March 2024 | $913M | 346 | 6 | 2 |
| August 2023 | $741M | 324 | 7 | 2 |
| March 2022 | $703M | 257 | 5 | 2 |
Besides its headquarters, TRG Investment Advisors has 2 offices, with 3 listed addresses in Colorado and Vermont.
Vermont · 2 listed addresses
- 48 Harris Place, Brattleboro
- 55 Railroad Row, White River Junction
Colorado · 1 listed address
- 1705 Seventeenth Street, Suite 100, DenverHQ
Other business names
TRG Investment Advisors has reported 1 other business name to the SEC.
- TRG Retirement Plan Consultants LLC
Contact and registration details
- Legal name
- TRG Investment Advisors, LLC
- Headquarters
- 1705 Seventeenth Street, Suite 100, Denver, CO 80202
- Website
- therichardsgrp.com
- Phone
- 800-222-6016
- @trginvestmentadvisors
- SEC file
- 801-122090
- Structure
- Vermont LLC
- Fiscal year end
- December
TRG Investment Advisors uses Raymond James ($166M) as custodian for its separately managed accounts. TRG Investment Advisors has custody of $70.8M in client assets for 48 clients.
- Raymond JamesRaymond James & Associates, Inc. · St. Petersburg, FL · $166M100%
At year end, TRG Investment Advisors’ separately managed accounts were mostly in funds (75%) and stocks (10%).
What the accounts hold
- Stocks10%
- Funds75%
- Bonds3%
- Cash6%
- Other5%
- Fee based vas and cds.5%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does TRG Investment Advisors have?
TRG Investment Advisors has 241 clients and manages $167 million for them, as of July 2026. They include 161 individual clients and 80 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 July 2026
What services does TRG Investment Advisors offer?
TRG Investment Advisors provides portfolio management for individuals and small businesses and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does TRG Investment Advisors charge?
TRG Investment Advisors charges up to 1.25% a year for its Wrap Comprehensive Portfolio Management. The fee is billed in advance, is negotiable and requires an account of at least $300,000.
Source: PART 2A APPENDIX 1 OF FORM ADV: WRAP FEE PROGRAM BROCHURE, filed 31 March 2026
Which custodians does TRG Investment Advisors use?
TRG Investment Advisors’ separately managed account assets are held at Raymond James & Associates, Inc. (St. Petersburg, FL), with $166M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 July 2026
How many financial advisors does TRG Investment Advisors have?
TRG Investment Advisors has 6 investment adviser representatives registered with state securities authorities, out of 6 employees, and 6 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 5 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 TRG Investment Advisors invest in?
At the end of its last fiscal year, TRG Investment Advisors’ separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities, 6% cash and equivalents, 5% other and 3% investment grade corporate bonds. The 5% other category is described as: Fee Based Vas and CDS.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does TRG Investment Advisors have a minimum investment?
Yes, TRG Investment Advisors’ minimum account size for its Wrap Comprehensive Portfolio Management is $300K.
Source: PART 2A APPENDIX 1 OF FORM ADV: WRAP FEE PROGRAM BROCHURE, filed 31 March 2026
Who owns TRG Investment Advisors?
TRG Investment Advisors’ direct owner is Ima Advisors, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 1 July 2026
How does TRG Investment Advisors get paid?
TRG Investment Advisors 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 TRG Investment Advisors?
TRG Investment Advisors’ main office is at 1705 Seventeenth Street, Suite 100, Denver, CO 80202. Its phone number is 800-222-6016. Its website is therichardsgrp.com.