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Southwestern Investment Group Review

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Southwestern Investment Group

Southwestern Investment Group

Southwestern Investment Group is a financial advisor firm that's headquartered in Franklin, Tennessee. The firm has amassed $2.1 billion in assets under management (AUM) since its founding. These assets belong to a client base of more than 15,000 clients, including a variety of individuals and institutions.

This is a fee-based firm, which means some of its advisors may have the ability to earn income from the sale of insurance products, in addition to advisory fees. On the other hand, a fee-only firm would earn solely client-paid fees as compensation.

Southwestern Investment Group Background

Southwestern Investment Group has been a registered investment adviser since 2016, but it can trace its history back to 2002. This firm is wholly owned by the Southwestern Family of Companies, one of the oldest private corporations in the state of Tennessee. Today, the firm is led by chief operations officer (COO) Todd Healy, chief compliance officer (CCO) Deborah Jenkins, president Jeffrey Dobyns and chief financial officer (CFO) Gerry Macbeth.

The firm employs 55 advisors, and among them are 24 certified financial planners (CFPs), four chartered financial consultants (ChFCs), four certified public accountants (CPAs), three chartered life underwriters (CLUs) and one accredited investment fiduciary (AIF).

Southwestern Investment Group Client Types and Minimum Account Sizes

Southwestern Investment Group serves more than 15,000 clients. All but around 300 of these clients are individuals below the high-net-worth threshold. The remaining clients include high-net-worth individuals, pension plans, charitable organizations, corporations, trusts and estates.

There are a handful of different minimum account sizes at Southwestern Investment Group. The requirement that applies to you will depend on the services you receive.

  • Ambassador Program: $25,000
  • Freedom Program: $50,000
  • American Funds Model Portfolios Program: $25,000
  • Raymond James Consulting Services (RJCS)
    • Equity and balanced accounts: $100,000
    • Fixed-income accounts: $200,000
    • Municipal accounts: $200,000 - $500,000

Services Offered by Southwestern Investment Group

Southwestern Investment Group offers a number of different investment management programs and a range of other advisory services:

  • Investment advisory services
    • Ambassador Program
    • Freedom Program
      • Investment account that focuses on mutual funds and exchange-traded funds (ETFs) based on your risk tolerance
    • American Funds Model Portfolios Program
      • Investment account that abides by a specific asset allocation comprised only of American Funds mutual funds
    • Raymond James Consulting Services
      • A range of wrap fee programs sponsored by Raymond James
      • This is a personalized service
  • Financial planning and consulting
    • Estate planning
    • Tax planning
    • Retirement planning
    • Capital needs planning
    • Investor profile creation
    • Insurance planning
  • Additional advisory services
    • Proprietary research
    • Seminars
    • 401(k) focus advisor services
      • Asset allocation planning for retirement plan participants
    • Pension consulting services

Southwestern Investment Group Investment Philosophy

In order to formulate its investment recommendations, Southwestern Investment Group relies on fundamental analysis, technical analysis and charting. Fundamental analysis involves examining the key financial statistics and documents of a company or fund in order to gauge its intrinsic value. This can be used to identify securities that the market is undervaluing. The latter two methods of analysis work together to use past pricing patterns and market trends to predict how stock prices will move.

How the firm approaches portfolio construction and asset allocation will depend on a number of factors, including the investment program in which the client participates and their risk tolerance, investment goals and cash flow needs. When it comes to time horizon, the firm can utilize both long- and short-term purchases.

Fees Under Southwestern Investment Group

Southwestern Investment Group provides investment management through several wrap fee programs sponsored by Raymond James Investment Services. Management fees for these programs generally adhere to the following fee schedule:

Investment Management Fees
Account Value Annual Fee
Up to $1MM 2.25%
$1MM - $2MM 2.00%
$2MM - $5MM 1.75%
$5MM - $10MM 1.50%
$10M and up 1.25%

The firm's set of RJCS services abide by a separate schedule, though. This goes as follows:

RJCS Fee Schedule
Relationship Value Equity, Balanced & ETF Fees Fixed-Income Fees Laddered Bonds & Short-Term Conservative Fees
Up to $1MM 2.75% 2.55% 2.45%
$1MM - $2MM 2.50% 2.30% 2.20%
$2MM - $5MM 2.25% 2.05% 1.95%
$5MM - $10MM 2.00% 1.80% 1.70%
$10M and up 1.75% 1.55% 1.45%

Fees for consulting services at the firm will generally follow a schedule laid out in the client-advisor agreement. Therefore, these charges can vary depending on the nature and complexity of the services being rendered.

What to Watch Out For

As a fee-based firm, certain advisors at Southwestern Investment Group can earn commissions from the sale of specific insurance products. This represents a potential conflict of interest. Despite this fee arrangement, the firm abides by fiduciary duty, legally binding it to act in clients’ best interests at all times.


Southwestern Investment Group has one disclosure listed on its Form ADV. This is in reference to a violation from 2007, when an affiliate of the firm was fined by the Alabama Department of Insurance for failing to report a change of address within 30 days.

Opening an Account With Southwestern Investment Group

If you’re interested in learning more about the services Southwestern Investment Group has to offer, you can give the firm a call at (615) 861-6100 or fill out the contact form on its website.

Tips for Retirement Planning

  • Financial advisors can be great partners in building a financial plan and choosing investments. Finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • Don’t forget to take Social Security payments into account when you formulate what kind of income you’ll need in retirement. If you don’t know what you’re in line to receive, check out SmartAsset’s Social Security calculator.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research