State Farm Investment Management CORP.
Assets Under Management
$11.3B
Number of Clients
35
Number of Advisors
5650
Average Client AUM
$322.7M
AUM per Advisor
$2.0M
Compensation
Fee-Only (AUM)
About This Firm
State Farm Investment Management Corp. (SFIMC) offers a wrap fee program where assets are managed on a discretionary basis according to model portfolios. SFIMC selects ETFs and mutual funds for these portfolios. Clients work with an IAR to choose a suitable portfolio based on their investment objectives, risk tolerance, and time horizon. SFVPMC, a subsidiary of SFIMC, acts as the introducing broker-dealer, and Pershing LLC serves as the custodian.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $100K | 1.25% |
| $100K - $500K | 1.00% |
| $500K - $1000K | 0.75% |
| $1M+ | 0.50% |
Accounts advised for a full quarter that have an average daily market value below $15,000 are charged a minimum quarterly Advisory Fee of $45. For Accounts that qualify for a reduced Advisory Fee, such Accounts advised for a full quarter that have an average daily market value below $15,000 are charged a minimum quarterly Advisory Fee of $18.75.
Fee Estimator
You'll pay an annual advisory fee based on the value of your account, covering investment advice, custody, and transaction execution. The fee is calculated quarterly in arrears. For accounts with an average daily market value below $15,000 for a full quarter, a minimum quarterly fee of $45 is charged (or $18.75 if you qualify for a reduced advisory fee). Customers cannot negotiate the fees. In addition to the advisory fee, ETFs and mutual funds have internal fees and expenses. You may also be responsible for brokerage or custodial related account fees and expenses.
Areas of Practice
Location
One State Farm Plaza, B-2, Bloomington, IL, 61710-0001
