Cetera Advisor Networks LLC

CRD#13572
Investment Advisor Firm

Answer a few questions and
get matched with an advisor.

Find an Advisor

Overview

Cetera Advisor Networks LLC operates as a financial advisor company based in El Segundo, California. The company has $18.1 billion in assets over 71,503 accounts, placing it among the largest investment advisory firms in the nation by assets under management (AUM). It has a very large team of 1,767 employees, of which 1,574 are financial advisors. Cetera Advisor Networks LLC is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets such as stocks, bonds and options.

Cetera Advisor Networks LLC oversees 55,861 of its accounts in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make transaction judgments without needing to seek client consent. Cetera Advisor Networks LLC also administers 15,642 non-discretionary accounts with a total of $4.7 billion in assets under management. The company's typical account size is $253,124. An average advisor at Cetera Advisor Networks LLC oversees around 45 client accounts, placing it towards the middle in terms of personalization.

The company's central office is located at 200 N. Pacific Coast Highway, El Segundo, California 90245-5672. Cetera Advisor Networks LLC is legally permitted to provide services to customers across 51 U.S. states and territories.

Assets Under Management

$18.1 billion

Number of Advisors

1,574

Disclosures

No

Office Location

200 N. Pacific Coast Highway
El Segundo, CA 90245-5672

Cetera Advisor Networks LLC by the Numbers

Total Assets Under Management

$18.1 billion

National Average: $3.3 billion
Total Number of Employees

1,767

National Average: 31
Total Number of Accounts

71,503

National Average: 1,935
Average Account Size

$253.1 thousand

National Average: $1.7 million

Find a dedicated advisor for your needs

Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.

Back to Overview

Products and Services

Cetera Advisor Networks LLC provides multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the last fiscal year, the firm provided financial planning services to 1000 of its customers. It does sell products or offer services other than investment advice to its customers. The firm is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, trust company, insurance company or agency, pension consultant and commodity pool advisor.

Core Advisor Services

  • Offered by 44% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 61% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

Back to Overview

Fee Structure

Financial management fees typically vary depending on the type of services provided. Fees charged by the firm may include any blend of the following fee types: asset-based, hourly, fixed or commission-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Cetera Advisor Networks LLC.

Available

  • Offered by 72% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 35% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 2% of firms

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Offered by 39% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Back to Overview

Types of Clients

The company manages money for a broad range of investors. The firm caters to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 71,503 customers, Cetera Advisor Networks LLC's largest client is retail investors, though it also caters to 18,578 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 25.98%
  • Other Individuals - 71.66%
  • Corporations - 1.95%
  • Charitable Organizations - 0.41%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

Find an advisor who will work directly with you

Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.

Back to Overview

Disclosures

Cetera Advisor Networks LLC does not have any disclosures.

Please visit its Form ADV for more details.

Back to Overview
Back to Overview

Find a financial advisor near you

If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.

Back to Overview

Financial Advisors at Cetera Advisor Networks LLC

Beena Mathew
Houston, TX
David Shapiro
Encino, CA
Jonathan Gragg
Redondo Beach, CA
Charles Binsfeld
Saint Cloud, MN
Andrew Russell
San Diego, CA
Keith Nielsen
Waco, TX
Ashley Crane
San Diego, CA
Michael Dennard
El Segundo, CA
Brian Bush
Westminster, CO

Not sure which advisor is right for you? Use our matching tool

Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor. Click here to find your advisor matches today

Back to Overview

This content was compiled from the SEC and FINRA