Sonora Investment Management LLC (Tucson)

Name: Sonora Investment Management LLC
Address: 2343 E Broadway, Tucson, AZ, 85719
Telephone: 520-624-4554

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.

Sonora Investment Management: assets under management

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 firm manages $772.58 million in discretionary accounts and $9.95 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $416.71 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $49.98 thousand.

Sonora Investment Management has custody of $4.66 million in cash and securities for 593 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 31% of the firm’s portfolio. Investments in investment grade corporate bonds form 14% of the total invested assets.

Fees & Commissions

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.

What kind of clients Sonora Investment Management serves?

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.

Careers at Sonora Investment Management LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Hugh Bradley Toland	Member	1 Aug 1986	25% - 50%	863950
Douglas R. Rogers	Member	1 Aug 1986	25% - 50%	2687517
Hugh Bradley Toland	Member	1 Aug 1986	50% - 75%	863950
Douglas Rogers	Member	1 Aug 1986	50% - 75%	2687517
Mary Susan Mollenbrink	Chief compliance officer	1 Jul 2004	Other	5030043
Timothy Duane Wilcox	Member	1 Jan 2007	25% - 50%	2396536
Sara Suzann Ramos	Chief compliance officer	1 Jun 2015	Other	4047128
Sara Suzann Alexander	Chief compliance officer	1 Jun 2015	Other	4047128
Michael H Arko	Member	1 Jan 2017	Other	4610851
Ludwell Graham Gaines	Member	1 Jan 2017	Other	1297616

Based in Tucson

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.