Journey Financial Group, Inc. is a large advisory firm based in Buffalo Grove. It manages $130 million of regulatory assets for 300 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Illinois.
Journey Financial Group provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Journey Financial Group, Inc. is $130 million. The firm's AUM has grown by 19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Journey Financial Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Journey Financial Group is high net worth individuals with 57 clients and $65 million of assets under management. Among the 6 most similar advisory firms, Journey Financial Group has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $127 million for 177 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Journey Financial Group doesn't advise any private funds.
The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Journey Financial Group, Inc. performs its advisory services is located at 1110 W. Lake Cook Road, Buffalo Grove, IL 60089, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 847-229-9191 or by fax 847-229-9192. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at jfgplan.com/.