# JMG Financial Group

JMG Financial Group is a Bank / Wealth / Trust based in Downers Grove, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Downers Grove, United States
- **Region:** North America
- **Address:** Downers Grove, IL, United States
- **Founded:** 1984
- **Assets under management:** Undisclosed
- **Website:** jmgfinancial.com
- **LinkedIn:** https://www.linkedin.com/company/jmg-financial-group-ltd

## Regulatory record

- **CRD number:** 110302
- **SEC file number:** 801-23526
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-23T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/110302

## About

Founded in 1984, JMG Financial Group is an independent, fee-only registered investment advisor based in Downers Grove, Illinois. The firm structures its client relationships around discretionary and non-discretionary portfolio management, integrated with financial planning services covering estate consulting, retirement modeling, and tax-aware distribution strategies. Its client base centers on high-net-worth individuals, family trusts, and closely held business owners, a commonwealth of private capital rather than institutional separate accounts. JMG's advisory model rests on constructing diversified portfolios from individual securities, mutual funds, and exchange-traded products, avoiding proprietary fund structures in favor of open-architecture manager and security selection. As a long-standing RIA that predates the 1990s consolidation wave, its growth has been organic, relying on professional referrals rather than a dedicated institutional sales effort. The firm's scale and team structure are not publicly detailed in regulatory filings or broad financial media, consistent with a privately held practice that does not self-report AUM to industry rankings. No philanthropic foundation or adjacent investment partnership is listed under the firm's name. JMG Financial Group's structural differentiator is its endurance as a pre-internet-era RIA that has neither merged into a consolidator nor converted to a bank-owned trust model. That independence, sustained into its fifth decade without a public succession event, makes its governance and eventual ownership transition the most significant variable for prospective clients and potential acquirers alike.

## People

- Anthony Cecchini — founder
- Jason O'Hallen — partner
- William German — partner
- Adam Boyer — principal
- Kate Kammes — principal

## Questions

### What services does JMG Financial Group provide beyond portfolio management?

The firm integrates its investment management with financial planning services that include estate consulting, retirement income modeling, and tax planning. This combination is delivered under a discretionary or non-discretionary mandate depending on the client's preference. The firm's fee-only structure means it earns no revenue from product sales or broker-dealer commissions.

### How has JMG Financial Group grown without being acquired or merging?

The firm has grown through organic client referrals and long-term relationship retention rather than through acquisition or institutional marketing. Its independence since 1984 distinguishes it from the many Chicago-area advisory practices that have sold to bank trust departments or national consolidators over the same period.

### What is the firm's succession plan or ownership structure?

JM Financial Group has not publicly disclosed a succession plan or named a next-generation leadership team as of mid-2026. For a firm operating since 1984, the absence of a visible internal succession or external sale announcement is the most significant unknown for clients evaluating long-term advisory continuity.

## Related profiles

- [JMF Capstone Wealth Management](https://altss.com/profile/jmf-capstone-wealth-management)
- [JMS Capital Group](https://altss.com/profile/jms-capital-group-wealth-services)

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Last updated: 2026-08-11T02:43:31.692Z

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