Investors Asset Management of Georgia, Inc. (“Investors Asset Management” or
“IAM”) and the Investment Advisory Representatives of the firm manage
investment accounts on a discretionary basis for a fee. IAM was founded in
November 1990, and Timothy Rigby is the principal owner of the Firm.
Advisory Services
Investors Asset Management provides advisory services, giving continuous advice
based on the client’s individual needs. The firm performs an initial review of each
client’s investible assets in relation to their objectives, preferences and tolerance for
risk. These objectives can range from preservation of capital, growth, growth and
income, income and short- or long- term goals. Each advisor creates a specific
investment strategy determined for each client and develops a truly individualized
portfolio for each client based on individual needs. An allocation among publicly
traded securities is then made based on each advisor’s judgments regarding
expected returns and variability of returns on those securities. Thereafter, the
portfolio will be monitored daily, and adjustments will be made when warranted by
changes in estimated returns of specific securities or asset classes or in the client’s
personal situation. If requested, clients receive quarterly reviews which outline
each holding, date of purchase, cost, market value, gain or loss, as well as
performance data. It is necessary for clients to inform their advisor of any changes
in their financial situation or investment goals and objectives, and any preferences
or restrictions on certain investments.
Retirement Plan Programs
Advisors of the firm also provide financial and consulting services for assets managed
by Investors Asset Management. Such accounts include “Investors Choice” services
available to 401(k), 403(b) and 457(b) Plans, collectively (“Retirement Plan(s)”). IAM
may act as a fiduciary on a non-discretionary basis, as defined by §3(21)(A)(ii) of the
Employee Retirement Income Security Act of 1974 (“ERISA”); or IAM may act as an
investment manager as defined by §3(38) of ERISA. IAM requires each Retirement
Plan client to make a selection of services in writing as part of its agreement. As part
of the services offered, IAM may consult and advise trustees of each Retirement Plan
on overall plan design and implementation. Included in this service is selection and
monitoring of the mutual funds offered, including model portfolios, for participants
to choose from. IAM typically recommends its own model portfolios to Retirement
Plan clients, but will recommend other funds, as directed by the Retirement Plan.
IAM also may also give guidance on plan expenses and fiduciary liability and
disclosures required under Department of Labor rules. The overriding goal is to
create a better outcome for participants at retirement. Advisors will not at any time
have access to a client’s funds, securities, or account(s) and therefore will not have
authority to rebalance, reallocate or place trades in the participant’s account. All
trade implementation under these services is the responsibility of the client through
the particular recordkeeper and/or custodian in the program.
MidAtlantic Trust Company, a leading custodian for corporate 401(k) programs, has
developed a management platform called “ModelxChange” for 401(k) model
portfolios. Investors Asset Management enrolled their Investors CHOICE 401(k)
portfolios on this platform as a means to provide a single system for the creation,
execution, and ongoing management of mutual fund and ETF investment portfolios
for the 401(k) marketplace. Incorporation of disclosure data and fact sheets is a key
component of the ModelxChange platform.
MidAtlantic satisfies DOL regulations by
calculating returns, expense ratios, turnover, benchmark data, and other pertinent
data and delivers it to Retirement Plan sponsors and participants via composite and
plan specific fact sheets.
ERISA and Individual Retirement Accounts Disclosure
When we provide investment advice to you regarding your retirement plan account
or individual retirement account, we are fiduciaries within the meaning of Title I of the
Employee Retirement Income Security Act and/or the Internal Revenue Code, as
applicable, which are laws governing retirement accounts. The way we make money
creates some conflicts with your interests, so we operate under a special rule that
requires us to act in your best interest and not put our interest ahead of yours.
Under this special rule's provisions, we must:
• Meet a professional standard of care when making investment
recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making
recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is
in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
Financial Planning
IAM also offers planning in areas such as estate and retirement planning, financial
planning, educational funding, and tax and risk strategies. IAM can provide clients
with a written analysis in one or more of these areas detailing strengths and
weaknesses of their current financial situation. These written plans can range from
brief summaries to complex financial solutions depending on each client’s needs
and goals.
General Information
Each client has the ability to impose reasonable restrictions on the management of
his/her account, including the designation of particular securities or types of
securities that should not be purchased for the account, or that should be sold if
held in the account. If a client’s instructions are unreasonable or an Investment
Advisor Representative believes that the instructions are inappropriate for the client,
Investors Asset Management will notify the client that, unless the instructions are
modified, it may cancel the instructions in the client’s account. A client will not be
able to provide instructions that prohibit or restrict the Investment Adviser of an
open-end or closed-end mutual fund or ETF with respect to the purchase or sale of
specific securities or types of securities within the fund.
Investors Asset Management does not offer a wrap fee program. Investors Asset
Management’s fees are exclusive of brokerage commissions, transaction fees, and
other related costs and expenses which shall be incurred by the client. Clients may
incur certain charges imposed by custodians, brokers, third party investment and
other third parties such as fees charged by managers, custodial fees, deferred sales
charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and
other fees and taxes on brokerage accounts and securities transactions. Mutual funds
and exchange traded funds also charge internal management fees, which are
disclosed in the fund’s prospectus. Such charges, fees and commissions are exclusive
of and in addition to Investors Asset Management’s fee, and Investors Asset
Management shall not receive any portion of these commissions, fees, and costs.
As of December 31, 2023, Investors Asset Management had $354.2 million under
management on a discretionary basis.