Allstate Financial Advisors, LLC

CRD#109524
Investment Advisor Firm

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Learn more about Allstate Financial Advisors, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Allstate Financial Advisors, LLC is located at 151 N 8th Street, Suite 450, Lincoln, NE. The firm employs financial advisors to manage client portfolios and provide financial guidance. Allstate Financial Advisors, LLC is not a registered broker-dealer.

    Allstate Financial Advisors, LLC oversees $62.1 million in assets under management across 189 accounts, all of which are non-discretionary. The services offered include the selection of other advisers. The firm caters to retail investors, with retail investors being the largest client type by accounts. The fee structure at Allstate Financial Advisors, LLC is categorized as other. The firm maintains affiliations with a broker-dealer or securities dealer and an insurance company or agency.

    Allstate Financial Advisors, LLC is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $62.1 million

    Disclosures

    No

    Office Location

    151 N 8Th Street, Suite 450
    Lincoln, NE 68508

    Allstate Financial Advisors, LLC by the Numbers

    Total Assets Under Management

    $62.1 million

    National Average: $8.6 billion
    Total Number of Employees

    350

    National Average: 64
    Total Number of Accounts

    189

    National Average: 375,227
    Average Account Size

    $328.8 thousand

    National Average: $23.0 thousand
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    Products and Services

    Financial services provided by Allstate Financial Advisors, LLC can include selection of other advisers. However, Allstate Financial Advisors, LLC did not provide any of its clients with financial planning services in the prior fiscal year. It is not involved in selling products or offering services apart from investment advice to its investment advisory clients.

    Core Advisor Services

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      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.

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      Portfolio Management

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

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      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 20% of firms

      Selection of Other Advisors

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

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

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

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    Fee Structure

    Fees for financial advice largely are based on which services the firm provides the client. Fees billed by Allstate Financial Advisors, LLC typically consist of non-traditional fee structures.

    Available

    • Offered by 10% of firms

      Other

      Show Explanation

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

    Unavailable

    • Find one of the 69% of firms that offer this fee type

      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.

    • Find one of the 21% of firms that offer this fee type

      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.

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

      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.

    • Find one of the 26% 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 0% 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 32% of firms that offer this fee type

      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.

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    Types of Clients

    The firm works with retail investors. Allstate Financial Advisors, LLC's largest client group by number of accounts is retail investors.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 100%
    • Corporations - 0%
    • Charitable Organizations - 0%

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

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    Disclosures

    Allstate Financial Advisors, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Allstate Financial Advisors, LLC

    Stephen Demaio
    Bethpage, NY
    James Makal
    Bloomsburg, PA
    Ryan Paris
    Englewood, CO
    Kevin Klipp
    Jacksonville, FL
    Marlen Osadchy
    Brooklyn, NY
    Matthew Walsh
    Lincoln, NE
    Travis Work
    Omaha, NE
    Joseph Volpi
    Nashville, TN
    Dana Wheeler
    Lincoln, NE

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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