Allied Investment Advisors LLC (Billings)

Name: Allied Investment Advisors LLC
Address: 3409 Transtech Way, Billings, MT, 59102
Telephone: 406-839-2035

Allied Investment Advisors LLC is a large advisory firm based in Billings. It manages $333.53 million of regulatory assets for 1,138 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, Montana, North Dakota, Texas, and Washington.

Allied Investment Advisors provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Allied Investment Advisors: assets under management

The assets under management (AUM) of Allied Investment Advisors LLC is $333.53 million. The firm's AUM has grown by 121% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $331.27 million in discretionary accounts and $2.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $291.61 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.13 million.

Investments

The firm invests in investment and business development companies the most. They account for 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Allied Investment Advisors LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Allied Investment Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Allied Investment Advisors is high net worth individuals with 104 clients and $185.3 million of assets under management. Among the 12 most similar advisory firms, Allied Investment Advisors has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $333.53 million for 507 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.

Allied Investment Advisors doesn't advise any private funds.

Careers at Allied Investment Advisors LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Gary Robert Lucas	Managing member & chief compliance officer	1 Aug 2011	50% - 75%	2059364
Bart William Aby	Member	1 Aug 2011	Other	4974354
Gary R. Lucas	Managing member & chief compliance officer	1 Aug 2011	50% - 75%	2059364
Daniel Michael Kelly	Member	1 Apr 2013	Other	266912
Eric Allen Vermulm	Chief investment officer and chief operating officer	1 Feb 2018	Other	4839172

Based in Billings

The principal office where Allied Investment Advisors LLC performs its advisory services is located at 3409 Transtech Way, Billings, MT 59102, which is also the mailing address of the firm. An additional office of the firm is in Conrad, MT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 406-839-2035 or by fax 406-839-2036. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at alliedinvest.net.