Sonora Investment Management LLC is a large advisory firm based in Tucson. It manages $782.53 million of regulatory assets for 2,053 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alaska, Arizona, Arkansas, and 34 other states.
Sonora Investment Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Sonora Investment Management LLC is $782.53 million. The firm's AUM has grown by 741% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Sonora Investment Management LLC for their services and products based on a percentage of assets under management. 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 and high net worth individuals. The largest group of clients of Sonora Investment Management is high net worth individuals with 236 clients and $488.4 million of assets under management. Among the 9 most similar advisory firms, Sonora Investment Management has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $782.53 million for 982 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.
Sonora Investment Management doesn't advise any private funds.
The company employs 12 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
The principal office where Sonora Investment Management LLC performs its advisory services is located at 2343 E Broadway, Tucson, AZ 85719, which is also the mailing address of the firm. An additional office of the firm is in Phoenix, AZ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 520-624-4554 or by fax 520-624-1401. The normal business hours are 7:30am to 4:30pm on Monday - Friday. You can find more information about the New York firm at invmgmt.com.