Ark Invest

CRD#169525
Investment Advisor Firm

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Overview

Ark Invest is a financial advisor company located in Saint Petersburg, Florida. Ark Invest administers $13.9 billion in total assets across 3,001 client accounts, making it one of the biggest firms in the nation by assets under management (AUM). The company has an average-sized group, including 22 financial advisors. Ark Invest is not a registered broker-dealer, signifying that 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 company to do so. Securities are tradable fiscal assets like stocks, bonds and options.

Ark Invest administers all of the company's client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes buy and sell decisions without requiring the customer's approval. Ark Invest oversees about $4.6 million in assets for each client account. An average advisor at Ark Invest administers about 136 client accounts.

The company's headquarters is at 200 Central Avenue, Saint Petersburg, Florida 33701. Ark Invest is legally registered to serve customers throughout 51 U.S. states and territories.

Assets Under Management

$13.9 billion

Number of Advisors

22

Disclosures

No

Office Location

200 Central Avenue
Saint Petersburg, FL 33701

Ark Invest by the Numbers

Total Assets Under Management

$13.9 billion

National Average: $8.6 billion
Total Number of Employees

46

National Average: 64
Total Number of Accounts

3,001

National Average: 375,227
Average Account Size

$4.6 million

National Average: $23.0 thousand
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Products and Services

Ark Invest offers a variety of services, which can include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients and publication of newsletters. The company does not sell products or offer services aside from investment advisory services 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.

  • 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.

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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

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    Selection of Other Advisors

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

  • Offered by 3% of firms

    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 management largely vary depending on which services the firm provides the client. Fees billed by the firm likely are comprised of the following fee structures: asset-based or performance-based. The firm participates in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

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 26% of firms

    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.

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

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    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 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.

  • Find one of the 10% 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.

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Types of Clients

Ark Invest provides services to retail investors, investment companies, pooled investment vehicles and other investment advisers. Out of its 3,001 clients, Ark Invest's biggest client type is retail investors. Just 1% of the firm's customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 86.46%
  • Corporations - 13.54%
  • 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

Ark Invest does not have any disclosures.

Please visit its Form ADV for more details.

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