Stockman Wealth Management, Inc. is a large advisory firm based in Billings. It manages $2.58 billion of regulatory assets for 1,329 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Florida, and 11 other states.
Stockman Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and asset/liability modeling using a third party model / provide investment advice through consultation for an hourly fee. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Stockman Wealth Management, Inc. is $2.58 billion. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Stockman Wealth Management, Inc. for their services and products based on a percentage of assets under management and fixed fees. 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.
The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Stockman Wealth Management is banking or thrift institutions with 12 clients and $2.06 billion of assets under management. Among the 8 most similar advisory firms, Stockman Wealth Management has the highest percentage of banking or thrift institutions out of all clients.
The amount of regulatory assets under management is $2.58 billion for 990 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.
Stockman Wealth Management doesn't advise any private funds.
The company employs 19 people that are either part- or full-time employees. 84 percent of the employees work as investment advisers or researchers. 16 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.
Eric Allen Vermulm has served as the Chief Investment Officer since 1 Aug 2016. David William Ashby joined the executive team most recently as the Managing Director.
The principal office where Stockman Wealth Management, Inc. performs its advisory services is located at 402 N. Broadway, Billings, MT 59101 The mailing address of the firm is P.O. Box 2507, Billings, MT 59103. An additional office of the firm is in Missoula, MT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 406-655-3960 or by fax 406-874-8743. 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 stockmanbank.com and its LinkedIn profile.