# JLB & Associates Inc

> JLB & Associates Inc is an SEC-registered investment advisory firm in Plymouth, MI, registered since 1983, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 3, 2026.

- CRD: 104655
- Filed as: JLB & ASSOCIATES INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Plymouth, MI
- Filing period: October 2026
- Form ADV filing dated: April 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104655
- AdvisorCensus page: https://advisorcensus.com/firm/jlb-and-associates-inc-plymouth-mi-104655

## Quick answers

**How is JLB & Associates Inc compensated?**
On its Form ADV (Item 5.E, October 2026), JLB & Associates Inc reports these compensation arrangements: a percentage of assets under its management.

**Where is JLB & Associates Inc located?**
JLB & Associates Inc's principal office is in Plymouth, MI, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is JLB & Associates Inc registered with the SEC or a state?**
JLB & Associates Inc is an SEC-registered investment advisory firm, registered since 1983. Status as filed: Approved. CRD 104655.

**How much does JLB & Associates Inc manage?**
JLB & Associates Inc reports $892,688,917 in regulatory assets under management in its Form ADV filing dated April 3, 2026 (94% discretionary).

**How have JLB & Associates Inc's assets and staff changed since 2021?**
In the Form ADV data for JLB & Associates Inc: Regulatory assets under management: $714,658,517 in the October 2021 data and $892,688,917 in the October 2026 data, up 25%. Total employees: 5 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does JLB & Associates Inc serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (164); individuals (other than high net worth individuals) (127).

**Which custodians does JLB & Associates Inc use?**
JLB & Associates Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and RBC Capital Markets, LLC as custodians holding 10% or more of its separately managed account assets.

**Does JLB & Associates Inc report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104655

**Does JLB & Associates Inc state an account minimum?**
Its Form ADV Part 2A brochure dated March 25, 2026 says: "In general, there is a minimum account size requirement of $300,000, however, that amount can be adjusted based on such factors as an existing or associated client relationship."

**What changed in JLB & Associates Inc's recent Form ADV filings?**
In the April 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Account minimum: $300,000

> In general, there is a minimum account size requirement of $300,000, however, that amount can be adjusted based on such factors as an existing or associated client relationship.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- RBC Capital Markets, LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $892,688,917
- Discretionary: $838,336,918
- Non-discretionary: $54,351,999

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 127 | $63,156,153 |
| High net worth individuals | 164 | $829,532,764 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 1983 (43 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, MI, OH, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Traverse City, MI

### Websites listed on Form ADV (Item 1.I)
- [jlbinvest.com](https://jlbinvest.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $714,658,517 | 5 | February 12, 2021 |
| October 2022 | $824,126,196 | 5 | March 15, 2022 |
| October 2023 | $738,116,290 | 5 | February 17, 2023 |
| October 2024 | $823,472,855 | 5 | January 22, 2024 |
| October 2025 | $848,371,675 | 5 | February 6, 2025 |
| October 2026 | $892,688,917 | 4 | April 3, 2026 |

Regulatory assets under management: $714,658,517 in the October 2021 data and $892,688,917 in the October 2026 data, up 25%.
Total employees: 5 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Registered or notice-filed in CA, OH, TX.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. JLB & Associates Inc (CRD 104655): Form ADV filing data as of October 2026.