# JMG Financial Group Ltd

> JMG Financial Group Ltd is an SEC-registered investment advisory firm in Downers Grove, IL, registered since 1985, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 23, 2026.

- CRD: 110302
- Filed as: JMG FINANCIAL GROUP LTD
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Downers Grove, IL
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110302
- AdvisorCensus page: https://advisorcensus.com/firm/jmg-financial-group-ltd-downers-grove-il-110302

## Quick answers

**How is JMG Financial Group Ltd compensated?**
On its Form ADV (Item 5.E, October 2026), JMG Financial Group Ltd reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does JMG Financial Group Ltd charge?**
Its Form ADV Part 2A brochure dated March 23, 2026 states: Flat fee: $10,000 to $50,000 (financial advisory and related consulting services…); Hourly rate: $100 to $600 an hour (financial advisory and related consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is JMG Financial Group Ltd located?**
JMG Financial Group Ltd's principal office is in Downers Grove, IL, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is JMG Financial Group Ltd registered with the SEC or a state?**
JMG Financial Group Ltd is an SEC-registered investment advisory firm, registered since 1985. Status as filed: Approved. CRD 110302.

**How much does JMG Financial Group Ltd manage?**
JMG Financial Group Ltd reports $7,500,135,482 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (96% discretionary).

**How have JMG Financial Group Ltd's assets and staff changed since 2021?**
In the Form ADV data for JMG Financial Group Ltd: Regulatory assets under management: $3,788,219,000 in the October 2021 data and $7,500,135,482 in the October 2026 data, up 98%. Total employees: 54 in October 2021 and 103 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does JMG Financial Group Ltd serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (1,403); individuals (other than high net worth individuals) (373); pension and profit sharing plans (but not the plan participants or government pension plans) (8).

**Which custodians does JMG Financial Group Ltd use?**
JMG Financial Group Ltd's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does JMG Financial Group Ltd 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/110302

**What changed in JMG Financial Group Ltd's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 64 to 66. Regulatory assets under management went from $6,366,272,925 to $7,500,135,482 (+18%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 23, 2026)

- Flat fee: $10,000 to $50,000 (financial advisory and related consulting services…)

> Fees are negotiable and generally range from $10,000 to $50,000 on a fixed-fee basis, depending on the scope and complexity of the services and the professional(s) providing them.

- Hourly rate: $100 to $600 an hour (financial advisory and related consulting services)

> JMG’s hourly rate ranges from $100 to $600.

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.

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: $7,500,135,482
- Discretionary: $7,174,329,130
- Non-discretionary: $325,806,352

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 373 | $214,126,411 |
| High net worth individuals | 1,403 | $7,270,492,939 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 8 | $1,242,121 |
| Charitable organizations | 2 | $4,941,856 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 3 | $9,332,155 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1985 (41 years)
- Employees: 103 total, 66 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, DC, FL, GA, HI, IA, ID, IL, IN, KS, MA, MD, MI, MN, MO, NC, NE, NH, NJ, NM, NV, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Bloomington, MN
- Pewaukee, WI
- Sarasota, FL

### Websites listed on Form ADV (Item 1.I)
- [jmgfinancial.com](https://jmgfinancial.com)
- LinkedIn @jmg-financial-group-ltd
- X @jmgfin

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,788,219,000 | 54 | September 30, 2021 |
| October 2022 | $4,715,950,000 | 56 | September 29, 2022 |
| October 2023 | $4,500,738,000 | 64 | August 1, 2023 |
| October 2024 | $5,415,853,000 | 63 | September 25, 2024 |
| October 2025 | $6,366,272,925 | 96 | March 19, 2025 |
| October 2026 | $7,500,135,482 | 103 | March 23, 2026 |

Regulatory assets under management: $3,788,219,000 in the October 2021 data and $7,500,135,482 in the October 2026 data, up 98%.
Total employees: 54 in October 2021 and 103 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 64 to 66.
- Regulatory assets under management went from $6,366,272,925 to $7,500,135,482 (+18%).

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. JMG Financial Group Ltd (CRD 110302): Form ADV filing data as of October 2026.