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Jmg Financial Group is a investment adviser based in Downers Grove, IL, that holds a 81.8/100 Fidelon TransparencyScore (th percentile), with 48 registered advisors. Score based on public SEC and FINRA filings.

81.8Transparency Score
Bottom22%

Jmg Financial Group

A fee-only investment adviser with a clean regulatory record and fiduciary commitment.

2001 Butterfield Road, Suite 1400, Downers Grove, IL, 60515
630-571-5252Website
Investment AdviserFiduciary
Prep Kit

Fidelon Fact Sheet

JMG Financial Group Ltd is a fee-only investment adviser in Downers Grove, Illinois. It manages investment portfolios and helps clients with financial planning. The firm charges asset-based fees and fixed fees. It reports custody of client assets, which means it or a related party can hold or access client funds. The firm has a clean regulatory record with zero disclosures, complaints, or fines on file.

81.8StrongBottom 22% of scored firms
How they're paidNo advisory commissions. Other business lines not on file.
Asset-based · fixed fees
Duty to youLegally required to put your interests first.
Registered adviser · fiduciary
Assets under managementAcross 7,164 client accounts.
$7.5B
Firm size
48 advisors
Who holds your moneyThe firm or a related party can hold or access client funds.
Custody disclosed
Regulatory recordNo customer complaints, regulatory actions, or fines on file.
Clean — 0 disclosures
Based on live filings from SEC Form ADV and FINRA BrokerCheck. Scored using Fidelon's published methodology. Data as of Mar 2026

Peer Context

Compare Jmg Financial Group to other firms in IL →Find more financial advisors in Illinois →

Key Findings

Strengths

  • Fee-only compensation — no commission income reported
  • Registered as investment adviser with fiduciary obligation
  • No broker-dealer registration — advisory services only
  • Clean regulatory record — no disclosures, arbitrations, or fines
  • Transparent fee structure — charges advisory fees, no commissions

Things You Should Know

  • Fee disclosure could be more detailed — while this firm charges fee-only (no commissions), its regulatory filings describe fee schedules and service terms less clearly than top-scoring peers
  • Conflict disclosure in the client summary — filings provide less detail than higher-scoring peers in this area

Conflict Audit

Conflict AuditClear

Zero material conflicts identified in regulatory filings.

✓
Not registered as broker-dealer
✓
No commission-based compensation
✓
No outside compensation sources
✓
No related-party custodian
✓
No performance-based fees
✓
No other business lines disclosed

Source: Form ADV Part 1, Items 6-8; Part 2A, Items 10-14

What this firm says about how it gets paid

“Because our AUM Fee is calculated as a percentage of your assets under management, the more assets you have in your advisory account, the more you will pay us for our investment management services. Therefore, we have an incentive to encourage you to increase the assets maintained in accounts we manage.”
“We may recommend a particular custodian from whom we receive support services and/or products, certain of which assist us to better monitor and service your account.”

Source: the firm’s own Form CRS, filed 2026-03-23 — quoted directly

Regulatory Events

Next Steps

This firm's score reflects some areas where disclosure could improve. Here's what that means for you.
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Advisor Roster

48 advisors

AdvisorScoreGrade
Richard Thaddeus Pawelko——
John S White——
Marcus Velasco——
Anthony David Cecchini——
Justin Howard Lesch——
Michelle Pilar Rozsypal——
Matthew James Grubb——
Aaron Walter Niec——
Christy Elaine Pedersen——
Jason Robert O'Hallen——

Meeting Prep Kit for Jmg Financial Group LTD

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✓Fee structure breakdown
✓Conflict of interest analysis
✓Regulatory track record
✓Fiduciary status check
✓Personalized questions to ask
✓How they compare locally

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Frequently Asked Questions

What does the TransparencyScore measure?

The TransparencyScore measures how clearly and completely an advisor or firm discloses important information in their regulatory filings — things like fees, conflicts of interest, disciplinary history, and business practices. A higher score means better disclosure quality, not better investment performance.

Where does this data come from?

All data comes from public regulatory filings: SEC Form ADV (Parts 1, 2, and 3), FINRA BrokerCheck, and the SEC's Investment Adviser Public Disclosure (IAPD) database. These are official filings that firms and advisors are legally required to submit.

Does a low score mean they're a bad advisor?

Not necessarily. A low score means the firm's public filings are less transparent — they may use vague language about fees, skip details about conflicts, or have a more complex regulatory history. Some excellent advisors work at firms with poor disclosure practices. The score measures the filing, not the person.

How often is this data updated?

Fidelon refreshes data from SEC and FINRA sources on a regular schedule. Form ADV filings are updated annually by firms (with amendments throughout the year), and BrokerCheck data is updated as events are reported. Scores are recalculated after each data refresh.

Can an advisor or firm improve their score?

Yes. Scores are based on what's in public filings. A firm that rewrites its ADV brochure in clearer language, discloses conflicts more specifically, or resolves outstanding regulatory issues will see its score improve at the next refresh. The incentive structure is intentional.

Data Sources

SEC Form ADV Part 1 — Filed Mar 2026SEC Form ADV Part 2ASEC IAPDFINRA BrokerCheck

Scores are generated using Fidelon's published scoring methodology and reflect the quality of public disclosures, not the quality of investment advice. A firm that improves its disclosures will see its score improve. Fidelon does not provide investment advice.

Verify on SEC IAPD

Last scored: · Score version: 3.9 · CRD #110302