Asset Strategies Group, LLC was founded in the summer of 2009 by partners Jim Beaudreau, Tom Larsen, Connie Terrell, and Ila Twogood. Our partner group has over 60 years of combined investment management experience. It became evident during the financial crisis of 2008-09 that our dedication to always do what is best for our clients was not necessarily shared by the large Wall Street bank owners. This was the catalyst in our decision to create a company founded solely on the principles of independence and fiduciary duty, simply stated as the responsibility to place client interests first.
We were drawn to the consulting-based model of the Registered Investment Advisor firm (RIA). According to industry research, only 1 out of 20 financial services professionals who call themselves “investment advisers” is actually a representative of an RIA firm. Everyone else is either a commission-based broker or an insurance salesman operating under the lower “suitability standard”. The problem for many people seeking transparent, fiduciary advice is that RIAs often set high investment minimums. As founders we decided from the beginning we would build Asset Strategies Group, LLC for a much wider slice of market participants than those who are already millionaires. Low minimum investment amounts and highly competitive full service and hourly fees were established.
We searched for a custodian and found a strategic partner who shared our client-centered approach to investment management, TD Ameritrade Institutional. Chicago based Morningstar was selected for research and performance reporting. With these relationships established, we were ready to begin serving clients with an investment philosophy based upon the timeless principles of simplicity, thrift, and balance. Asset Strategies Group, LLC was open for business.
Over the years, we have stayed committed to one another and meet regularly to review and discuss strategy. On an annual basis, we travel to industry-leading investment conferences. These conferences are rich with educational content and we consider ourselves fortunate to have been in the same room with notable keynote speakers such as Sheila Bair (19th Chairman of the FDIC), Condoleezza Rice (66th US Secretary of State), George Will (Pulitzer Prize-winning Journalist and Author), and Jeremy Siegel (Professor of Finance, Wharton School of the University of Pennsylvania).