Advice And Planning Services

CRD#20472
Investment Advisor Firm

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Learn more about Advice And Planning Services

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

    • Overview

    Advice And Planning Services is located at 730 Third Avenue, New York, NY. The firm employs 1,115 financial advisors to manage client portfolios and provide financial guidance. Advice And Planning Services is a registered broker-dealer.

    Advice And Planning Services oversees $32.7 billion in assets under management across 73,602 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to 96,000 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. The firm caters to retail investors, high net worth investors, charitable organizations, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at Advice And Planning Services includes asset-based and other fees. The firm has 46,222 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, banking or thrift institution, insurance company or agency, pension consultant, and commodity pool advisor.

    Advice And Planning Services is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, 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, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $32.7 billion

    Number of Advisors

    1,115

    Disclosures

    No

    Office Location

    730 Third Avenue
    New York, NY 10017-3206

    Advice And Planning Services by the Numbers

    Total Assets Under Management

    $32.7 billion

    National Average: $8.6 billion
    Total Number of Employees

    1,519

    National Average: 64
    Total Number of Accounts

    73,602

    National Average: 375,227
    Average Account Size

    $444.0 thousand

    National Average: $23.0 thousand
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    Products and Services

    Advice And Planning Services provides multiple services, including financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. In the last fiscal year, Advice And Planning Services provided financial planning services to 96000 of its accounts. The Firm does not sell products or offer services other than investment advisory services to its investment advisory clients.

    Core Advisor Services

    • Offered by 31% 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 46% 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 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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

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

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    Fee Structure

    Financial management fees usually vary depending on which service is provided. Fees billed by Advice And Planning Services can consist of any combination of the following fee types: asset-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Advice And Planning Services.

    Available

    • Offered by 69% 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 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 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

    It caters to retail investors, high net worth investors, charitable organizations, and corporations. Out of its 4 clients, Advice And Planning Services's largest client type by number of accounts is high net worth investors, but it also manages money for 46222 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 62.8%
    • Other Individuals - 37.14%
    • Corporations - 0.03%
    • Charitable Organizations - 0.03%

    * 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

    Advice And Planning Services does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Advice And Planning Services

    Khalil Morgan
    Charlotte, NC
    Juan Amador
    Frisco, TX
    Tristan Latzel
    Denver, CO
    Haley Clanton
    Charlotte, NC
    Reece Betcher
    Milwaukie, OR
    Amandeep Somal
    Lewisville, TX
    Cameron Bristol
    Denver, CO
    Rahul Kashyap
    Charlotte, NC
    Joseph Nichols
    Charlotte, NC

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