Allegis Investment Advisors, LLC (Idaho Falls)

Allegis Investment Advisors, LLC is a large advisory firm based in Idaho Falls. It manages $290.69 million of regulatory assets for 2,296 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alaska, Arizona, California, and 20 other states.

Allegis Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Allegis Investment Advisors: assets under management

The assets under management (AUM) of Allegis Investment Advisors, LLC is $290.69 million. The firm's AUM has grown by 172% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $204.6 million in discretionary accounts and $86.08 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $135.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $109.94 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Allegis Investment Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Allegis Investment Advisors serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Allegis Investment Advisors is individuals with 1,740 clients and $196.9 million of assets under management. Among the 13 most similar advisory firms, Allegis Investment Advisors has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $290.69 million for 1,892 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.

Allegis Investment Advisors doesn't advise any private funds.

Careers at Allegis Investment Advisors, LLC

The company employs 48 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 48 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Heath Shayne Bowen	Managing partner	1 Mar 2011	50% - 75%	4824684
Peter Gerhard Klaass	Member	1 Mar 2011	Other	2381681
Christopher Michael Miller	Member	1 Feb 2014	50% - 75%	3065670
Staci Ann Compagno	Chief compliance officer	1 Aug 2014	Other	2824392

Based in Idaho Falls

The principal office where Allegis Investment Advisors, LLC performs its advisory services is located at 591 Park Ave., Idaho Falls, ID 83402, which is also the mailing address of the firm. An additional office of the firm is in South Jordan, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-418-1781 or by fax 800-533-9390. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday.