Allied Investment Advisors Llc
- Regulatory AUM
- $1.5B
- Discretionary
- $1.5B
- Clients
- 1,071
- Avg AUM / client
- $1.4M
- Accounts
- 2,411
- Employees
- 12
AUM over time
Annual snapshots from Form ADV filings · as of Jul 29, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 646 | $183M | 12.3% |
| High net worth individuals | 307 | $786M | 52.8% |
| Pension and profit sharing plans | 77 | $354M | 23.8% |
| Charitable organizations | 14 | $95.9M | 6.45% |
| Corporations and other businesses | 27 | $69.8M | 4.69% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Youth Dynamics, Inc. Employer Sponsored Plan Youth Dynamics, Inc. | 2024 | |
| Bsw, Inc. Retirement Savings Plan Bsw, Inc. | 2024 | |
| Glendive Medical Center 401(k) Profit Sharing Plan Glendive Medical Center | 2024 | |
| Independence Bank 401 K Profit Sharing Plan And Trust Independence Bank | 2024 | |
| Southwest Airlines Pilots Retirement Savings Plan Southwest Airlines Company | 2024 |
People (13)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bart William Aby | Member | Aug 2011 (15y) | 10% – 25% | |
| Gary Robert Lucas | Managing Member | CFA | Aug 2011 (15y) | 50% – 75% |
| Eric Allen Vermulm | Chief Investment Officer And Chief Operating Officer, Member | CFA | Feb 2018 (9y) | 5% – 10% |
| Daniel Michael Kelly | Trustee | Dec 2021 (5y) | GP / trustee / elected manager of Daniel M Kelly Rev Trust (indirect) | |
| White, Michele | Chief Compliance Officer | Feb 2023 (4y) | Less than 5% | |
| Kellie Rose Hirsch | Registered representative | Apr 2013 (13y) | ||
| Brock Owen Baker | Registered representative | Mar 2016 (10y) | ||
| Sarah Lynn Siderius | Registered representative | CFP | Nov 2019 (7y) | |
| Tyler Ronald Elkin | Registered representative | Oct 2022 (4y) | ||
| Gabe Walter Gundlach | Registered representative | Aug 2023 (3y) | ||
| Tyler Martin Crennen | Registered representative | Nov 2024 (2y) | ||
| Keith Bushnell | Registered representative | Apr 2025 (1y) | ||
| Brady Lee Goyn | Registered representative | CFA | Aug 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Daniel M Kelly Rev Trust | Member | Jan 2022 | A | 10% – 25% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (5)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Youth Dynamics, Inc. Employer Sponsored Plan | Youth Dynamics, Inc. | 0 | $0 | 07/01/2024 |
| Bsw, Inc. Retirement Savings Plan | Bsw, Inc. | 77 | $3.1M | 07/01/2024 |
| Glendive Medical Center 401(k) Profit Sharing Plan | Glendive Medical Center | 380 | $30.4M | 01/01/2024 |
| Independence Bank 401 K Profit Sharing Plan And Trust | Independence Bank | 147 | $34.5M | 01/01/2024 |
| Southwest Airlines Pilots Retirement Savings Plan | Southwest Airlines Company | 11,679 | $11.6B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 02/11/2026 | 950 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Subscription fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Publication of periodicals or newsletters
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $1.2B (78% of AUM) Feb 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 29, 2026.
View current Form ADV (SEC/IAPD) ↗