Jmg Financial Group Ltd
SEC-registered
Wealth Manager · Mid-sized ($1B–$10B)
CRD 110302
· SEC file 801-23526
· Downers Grove, IL
· www.linkedin.com
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ADV data as of Mar 23, 2026
- Regulatory AUM
- $7.5B
- Discretionary
- $7.2B
- Clients
- 1,789
- Avg AUM / client
- $4.2M
- Accounts
- 7,164
- Employees
- 103
AUM over time
$1.3B
$7.5B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 23, 2026
Investments (13F portfolio — 127 positions, $3,633,288,235)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Vanguard S&P 500 Etf | COM | $833,440,799 | 1,394,763 | 22.9% | 11.1% |
| 2 | Vanguard Msci Eafe Etf | COM | $402,155,134 | 6,275,829 | 11.1% | 5.36% |
| 3 | Vanguard Mid Cap Vipers | COM | $401,080,366 | 1,396,617 | 11.0% | 5.35% |
| 4 | Dimensional Us Small Cap Value | COM | $216,945,035 | 6,191,354 | 5.97% | 2.89% |
| 5 | Schwab Us Large Cap Etf | COM | $213,670,516 | 8,333,483 | 5.88% | 2.85% |
| 6 | Spdr S&P 500 Etf Trust | COM | $171,471,585 | 263,665 | 4.72% | 2.29% |
| 7 | Dfa International Core Equity | COM | $170,057,003 | 4,786,293 | 4.68% | 2.27% |
| 8 | Dimensional Global Real Estate | COM | $168,626,460 | 6,344,111 | 4.64% | 2.25% |
| 9 | Vanguard Msci Emerging Markets | COM | $158,384,156 | 2,930,327 | 4.36% | 2.11% |
| 10 | Schwab International Equity Et | COM | $101,872,901 | 4,116,077 | 2.8% | 1.36% |
| 11 | Schwab Us Mid Cap Etf | COM | $95,347,525 | 3,079,700 | 2.62% | 1.27% |
| 12 | I Shares Russell Midcap | COM | $89,098,768 | 916,371 | 2.45% | 1.19% |
| 13 | Vanguard Small Cap Value | COM | $85,207,711 | 392,210 | 2.35% | 1.14% |
| 14 | Dimensional Emerging Markets C | COM | $79,885,142 | 2,312,160 | 2.2% | 1.07% |
| 15 | Vanguard Total Stock Market Vi | COM | $48,251,070 | 150,404 | 1.33% | 0.64% |
| 16 | Vanguard Large Cap | COM | $43,950,581 | 147,066 | 1.21% | 0.59% |
| 17 | Schwab Emerging Markets | COM | $31,066,066 | 942,824 | 0.86% | 0.41% |
| 18 | I Shares Trust S&P 500 Index | COM | $26,416,750 | 40,441 | 0.73% | 0.35% |
| 19 | Vanguard Reit Vipers | COM | $22,625,489 | 255,079 | 0.62% | 0.3% |
| 20 | Vanguard Ftse All World Ex Us | COM | $16,105,720 | 214,457 | 0.44% | 0.21% |
| 21 | I Shares Russell 1000 Growth | COM | $14,889,513 | 34,919 | 0.41% | 0.2% |
| 22 | I Shares Russell Midcap Growth | COM | $14,685,031 | 114,619 | 0.4% | 0.2% |
| 23 | I Shares Russell 1000 Index Fun | COM | $13,177,728 | 36,958 | 0.36% | 0.18% |
| 24 | Vanguard Growth Vipers | COM | $11,646,544 | 26,664 | 0.32% | 0.16% |
| 25 | Vanguard Mid Cap Value | COM | $10,865,165 | 58,960 | 0.3% | 0.14% |
Top 25 of 127 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 373 | $214M | 2.85% |
| High net worth individuals | 1,403 | $7.3B | 96.9% |
| Pension and profit sharing plans | 8 | $1.2M | 0.02% |
| Charitable organizations | 2 | $4.9M | 0.07% |
| Corporations and other businesses | 3 | $9.3M | 0.12% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Morningstar, Inc. 401(k) Plan Morningstar, Inc. | 2024 | |
| Guggenheim Services Retirement Savings Plan Guggenheim Services, Llc | 2024 | |
| Schwabplan Retirement Savings And Investment Plan The Charles Schwab Corporation | 2024 | |
| Seyfarth Shaw Llp 401(k) Savings And Retirement Plan Seyfarth Shaw Llp | 2024 | |
| Cooley Llp Salary Deferral And Profit Sharing Plan Cooley Llp | 2024 |
People (54)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Gordon, Yonhee, Choi | Shareholder, Co Chief Operating Officer, Chief Marketing Officer, And Secretary | Aug 1998 (28y) | 5% – 10% | |
| William Gary Waight | Shareholder And Co Chief Investment Officer | CFP | Mar 1999 (27y) | 10% – 25% |
| Anthony David Cecchini | Shareholder And Chief Executive Officer | CFP | Jan 2000 (27y) | 10% – 25% |
| Dever, William, Edward | Shareholder | Jan 2001 (26y) | 5% – 10% | |
| Melissa Ashbey Walsh | Shareholder, Vice President Of Finance, And Treasurer | Dec 2001 (25y) | 10% – 25% | |
| Michelle Pilar Rozsypal | Shareholder | CFP | Aug 2003 (23y) | Less than 5% |
| Matthew James Grubb | Shareholder | CFP | Aug 2004 (22y) | 5% – 10% |
| Morgan, David, Sean | Shareholder | Jan 2005 (22y) | 5% – 10% | |
| Jason Robert O'hallen | Shareholder And President | CFP | Feb 2010 (16y) | 10% – 25% |
| William Robert German | Shareholder And Co Chief Investment Officer | CFP | Oct 2010 (16y) | Less than 5% |
| Justin Howard Lesch | Shareholder | CFP | Oct 2010 (16y) | Less than 5% |
| Brian Christopher Van Buren | Shareholder | CFP | Nov 2016 (10y) | Less than 5% |
| Erik Jonathan Faust | Shareholder | CFP | Oct 2017 (9y) | Less than 5% |
| Jurgovan, Daniel, Robert | Shareholder And Chief Technology Officer | Jan 2018 (9y) | Less than 5% | |
| Dohner, Jeffrey, Glenn | Shareholder And Chief Compliance Officer | Jan 2019 (8y) | Less than 5% | |
| Tony Elias Kozaili | Shareholder | Sep 2019 (7y) | Less than 5% | |
| Aaron Walter Niec | Shareholder | CFP | Oct 2019 (7y) | Less than 5% |
| Oscar Hernon Cantu | Shareholder And Chief Client Solutions Officer | Jan 2020 (7y) | Less than 5% | |
| Kammes, Kate, Jerome | Shareholder And Chief Talent Officer | Jan 2023 (4y) | Less than 5% | |
| Adam Currie Boyer | Co Chief Operating Officer And Director Of Compliance | Jul 2024 (2y) | Less than 5% | |
| Richard Thaddeus Pawelko | Registered representative | Personal Financial Specialist CFA | Feb 1998 (28y) | |
| Jaclyn Marie Garcia | Registered representative | CFP | Jan 2016 (11y) | |
| Brett Michael Ludwig | Registered representative | CFP | Oct 2018 (8y) | |
| William Douglas Alexander | Registered representative | CFP | Oct 2018 (8y) | |
| John Karavouzis | Registered representative | CFP | Dec 2018 (8y) | |
| Timothy Richard Stringer | Registered representative | CFP | Sep 2019 (7y) | |
| John Hayden Bollweg | Registered representative | CFP | Apr 2020 (6y) | |
| John S White | Registered representative | CFP CFA | Apr 2020 (6y) | |
| Eric Seth Berkowitz | Registered representative | CFP | Aug 2020 (6y) | |
| Joshua Martin Kowalczyk | Registered representative | CFP | Nov 2020 (6y) | |
| Marcus Velasco | Registered representative | CFP CFA | Dec 2020 (6y) | |
| Meggan Marie Carroll | Registered representative | CFP | Feb 2021 (5y) | |
| Chloe Fakhouri | Registered representative | CFP | Mar 2021 (5y) | |
| Matthew Sorenson | Registered representative | CFP | Jan 2022 (5y) | |
| Kirk Robert Hackbarth | Registered representative | CFP Personal Financial Specialist | Mar 2022 (4y) | |
| Kevin J Ryan | Registered representative | CFP | May 2022 (4y) | |
| Robert William Lively | Registered representative | CFP | Dec 2022 (4y) | |
| Ryan Scott Sherman | Registered representative | CFP | Feb 2024 (3y) | |
| Stephen Richard Gaul | Registered representative | CFP | Feb 2024 (3y) | |
| Jacob M Stanczyk | Registered representative | CFP | May 2024 (2y) | |
| Aaron Joseph Ahlstrom | Registered representative | CFP | Aug 2024 (2y) | |
| Michael Thomas Bellah | Registered representative | CFP | Aug 2024 (2y) | |
| Christy Elaine Pedersen | Registered representative | CFP CFA | Aug 2024 (2y) | |
| Nicholas James Tumilty | Registered representative | CFP | Jan 2025 (2y) | |
| Breanna Oriél Stohr | Registered representative | CFP | Jan 2025 (2y) | |
| Gregory S Vlassov | Registered representative | CFP | Apr 2025 (1y) | |
| Jonathan W Jamieson | Registered representative | Sep 2025 (1y) | ||
| Ellis Grey Greenstein | Registered representative | CFP | Sep 2025 (1y) | |
| Jack A. Reynolds | Registered representative | CFP | Sep 2025 (1y) | |
| Joshua A. Lanesky | Registered representative | CFP | Sep 2025 (1y) | |
| Nicholas W. Garth | Registered representative | CFP | Sep 2025 (1y) | |
| Anthony Patrick Ryan | Registered representative | CFP CFA | Dec 2025 (1y) | |
| Tyler Robert Kocour | Registered representative | CFP | Dec 2025 (1y) | |
| Logan B Andersen | Registered representative | CFP | Mar 2026 (0y) |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (5)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Morningstar, Inc. 401(k) Plan | Morningstar, Inc. | 3,334 | $1.0B | 01/01/2024 |
| Guggenheim Services Retirement Savings Plan | Guggenheim Services, Llc | 2,085 | $704M | 01/01/2024 |
| Schwabplan Retirement Savings And Investment Plan | The Charles Schwab Corporation | 32,145 | $8.9B | 01/01/2024 |
| Seyfarth Shaw Llp 401(k) Savings And Retirement Plan | Seyfarth Shaw Llp | 1,762 | $926M | 01/01/2024 |
| Cooley Llp Salary Deferral And Profit Sharing Plan | Cooley Llp | 2,641 | $1.3B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/23/2026 | 1000 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- Charles Schwab & Co. $7.4B (98% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 23, 2026.
View current Form ADV (SEC/IAPD) ↗