Asset Management Group, Inc. (AMG) is a fee-based professional financial services firm and a
registered investment adviser with the U.S. Securities and Exchange Commission with its
principal place of business in Stamford, CT. We have been in business since 1983, with LeGrand
S. Redfield, Jr. as the President, Director and principal owner.
As of December 31st, 2022, AMG managed $590,748,005 of client assets on a discretionary basis
and $0 on a non-discretionary basis.
PORTFOLIO MANAGEMENT SERVICES
AMG provides Investment Supervisory Services, defined as giving continuous advice to a client
or making investments for a client based on the individual needs of the client. AMG's portfolio
management services are based on the individual needs of the client. AMG stands ready at all
times to make any needed changes in the portfolio; in addition, portfolios are periodically
reviewed, and recommendations made at predetermined intervals that the client agrees are
suitable to that client's needs. AMG offers this service to individuals, pension and profit-sharing
plans, trusts, estates, and corporations. AMG will manage advisory accounts on a discretionary
basis. Account supervision is guided by the stated objectives of the client (i.e., maximum capital
appreciation, growth, income, or growth and income).
COMPREHENSIVE FINANCIAL PLANNING
AMG provides Financial Planning services, through consultations and advice incorporated into a
Comprehensive Financial Plan based on the individual needs of the client. AMG offers this
service to individuals, trusts, estates, corporations and pension and profit-sharing plans. AMG
does manage portfolios as part of our Financial Planning Service and may also provide portfolio
analysis.
AMG provides advice through consultations in the form of a Comprehensive Financial Plan. Any
client requiring this type of service will receive a written financial plan, providing the client with
a financial blueprint designed to achieve their stated financial goals and objectives. In general, a
financial plan will address the following areas of concern or modules:
- CASH FLOW: Income tax and spending analysis and planning for past, current and
future years. We will illustrate the impact of various investments on your current income
tax and future tax liability.
- TAX PLANNING AND ESTATE PLANNING: Cash needs at death, income needs of
surviving dependents, estate planning and disability income analysis.
- RETIREMENT: Analysis of current strategies and investment plans to help the client
achieve their retirement goals.
- PORTFOLIO MANAGEMENT: Analysis of investment alternatives and their effect on
a client's portfolio.
- INSURANCE PLANNING: Analysis of current and future insurance needs.
Our firm will gather required information through in-depth personal
interviews. Information is
gathered concerning the client's current financial status, future goals and attitudes towards risk.
Related documents supplied by the client are carefully reviewed, including a questionnaire
completed by the client, and a written report is prepared. Implementing the recommendations
requires the client to work closely with his/her attorney, accountant, insurance agent, and/or
stockbroker. Implementation is entirely at the client's discretion.
CONSULTING SERVICES
Clients not in need of the services described above can receive investment advice on a more
limited basis or for a specific module. This service may include advice on only an isolated
area(s) of concern such as estate planning, retirement planning, or any other specific topic. We
also offer to provide specific consultation on investment and financial concerns of the client.
Furthermore, our firm also provides advice on non-securities matters. Generally, this is in
connection with the rendering of insurance planning, estate planning, and tax and retirement
planning.
Typically, the financial plan will be presented to the client within six months of the contract date,
provided that all information needed to prepare the financial plan has been promptly provided by
the client
ERISA ACCOUNTS
Asset Management Group is deemed to be a fiduciary to advisory clients. When we provide investment
advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries
within the meaning of Title 1 of the Employee Retirement Security Act and/or the Internal Revenue
Code., as applicable, which are laws governing retirement accounts. As such our firm is subject to
specific duties and obligations that include among other things, restrictions concerning certain forms of
compensation. To avoid engaging in prohibited transactions, we may only charge fees for investment
advice about products for which our firm and/or our related persons do not receive any commissions or
12b-1 fees. 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 interests 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 ours, when making a recommendation (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.