Chicago, IL Office

Team
Updated today
ON Investment Management CO logo

ON Investment Management CO

Multi-team

Firm-wide stats for ON Investment Management CO

Total advisors

198

Across 121 offices

Clients per advisor

47 Low

Avg AUM per client

$319,610 Low

HNW client ratio

9% Low

About

O.N. Investment Management Company (ONIMCO) is a SEC-registered investment adviser and a subsidiary of The O.N. Equity Sales Company (ONESCO) that provides financial planning, portfolio management, and retirement-plan advisory services to individuals (including high-net-worth clients), families, trusts, estates, charitable organizations, businesses, and ERISA plan sponsors. Services include comprehensive and modular financial plans, specialized hourly or fixed-fee services, and access to a range of third-party investment programs (for example, American Funds, Envestnet, SEI, AssetMark) as well as IAR-directed Envestnet programs.

Advisers at ONIMCO commonly hold FINRA Series 6/7 and/or Series 65/66 credentials and frequently act as registered representatives of the affiliated broker-dealer, recommending third-party managers or constructing portfolios in IAR-directed programs. Although the firm offers discretionary Envestnet programs where IARs may exercise discretion, ONIMCO reports that most of its assets under management are non-discretionary ($2,248,084,369 non-discretionary vs. $904,464,800 discretionary), and client accounts are managed through a mix of discretionary third-party managers and non-discretionary advisory relationships.

What is notable relative to many large advisers is the firm’s ongoing broker-dealer activity and dual-registration model—its IARs often transact as registered representatives and ONIMCO maintains solicitor arrangements and revenue relationships with program sponsors. The brochure also discloses a prior SEC enforcement matter concerning mutual fund share-class selection and revenue sharing (resulting in an SEC order, remediations including rebating 12b-1 fees since March 2017, and payments of disgorgement, prejudgment interest, and a monetary penalty), which the firm identifies as a significant compliance and remediation item.

Based on ON Investment Management CO

Expertise

General retirement planning Retirement income strategy College savings (529s, UTMA, etc.)

Based on ON Investment Management CO

Location

1327 W Washington, Suite 4 A

Chicago IL 60607

Advisors at this office

3

Advisors at this office

user avatar

Christopher C

Series 63, Series 65

Chicago, IL

ON Investment Management CO

Christopher Clepp is a financial advisor with ON Investment Management CO in Chicago, IL, holding Series 63 and Series 65 licenses and bringing 11 years of industry experience. He has worked at The O. N. Equity Sales Company since 2014 and Ohio National Financial Services since 2012. In addition to his advisory role, he serves as an independent contractor involved in the sale of fixed life and annuity products and acts as an insurance agent specializing in life, disability, and long-term care insurance solutions. ON Investment Management Company (ONIMCO) is a SEC-registered investment adviser and a subsidiary of The O.N. Equity Sales Company that provides financial planning, portfolio management, and retirement-plan advisory services to individuals, families, trusts, charitable organizations, businesses, and ERISA plan sponsors. The firm offers a range of services including comprehensive and modular financial plans, access to third-party investment programs, and manages both discretionary and non-discretionary client accounts through a mix of advisory relationships and third-party managers.

General retirement planning Retirement income strategy College savings (529s, UTMA, etc.)
user avatar

Stanley L

Series 63, Series 65

Chicago, IL

ON Investment Management CO

Stanley Lovelace is a financial advisor at ON Investment Management CO with 34 years of industry experience. He holds Series 63 and Series 65 licenses and has worked concurrently at multiple firms, including United Security Life, Principal Financial Group, THE O.N. Equity Sales Company, and Cadaret, Grant & Co., Inc. Outside of his advisory roles, he owns and operates several businesses focused on selling fixed annuities, life insurance, disability, and health products, as well as marketing term life insurance through an online platform. ON Investment Management Company is a SEC-registered investment adviser that provides financial planning, portfolio management, and retirement-plan advisory services to individuals, families, trusts, estates, charitable organizations, businesses, and ERISA plan sponsors. The firm offers a range of advisory services and access to third-party investment programs, managing accounts through a combination of discretionary and non-discretionary relationships.

General retirement planning Retirement income strategy College savings (529s, UTMA, etc.)
user avatar

Dennis D

Series 63, Series 65

Chicago, IL

ON Investment Management CO

Dennis Dean is a financial advisor with ON Investment Management Company in Chicago, IL, holding Series 63 and Series 65 licenses and bringing 27 years of industry experience. His prior experience includes roles at The O.N. Equity Sales Company, Ohio National Financial Services, Hornor, Townsend & Kent, Inc., and Penn Mutual Life Insurance Company. He serves as a board member of the Kiwanis Club of Lindenhurst/The Lakes. ON Investment Management Company is a multi-team SEC-registered investment adviser providing financial planning, portfolio management, and retirement-plan advisory services to individuals, families, trusts, charitable organizations, businesses, and ERISA plan sponsors. The firm offers a range of investment programs and combines discretionary and non-discretionary management approaches.

General retirement planning Retirement income strategy College savings (529s, UTMA, etc.)
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