Cetera Investment Advisers LLC

CRD#105644
Investment Advisor Firm

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Overview

Cetera Investment Advisers LLC is a financial advisory firm headquartered in Schaumburg, Illinois. Cetera Investment Advisers LLC administers $15.9 billion in assets throughout 78,591 client accounts, making it one of the biggest investment advisory firms in the United States by assets under management (AUM). The firm has a very large team of 2,358 employees, two thousand, one hundred eleven of whom are financial advisors. Cetera Investment Advisers LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments like bonds, equities and options.

Cetera Investment Advisers LLC oversees 70,273 of the firm's client assets in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell decisions for the client's account without needing client approval. The company also oversees 8,318 non-discretionary accounts totaling $2.1 billion in assets under management. The company manages roughly $201,910 in assets for every account. The average advisor at Cetera Investment Advisers LLC oversees around 37 client accounts, placing it towards the middle in terms of personalization.

The company's central office is located at 200 North Martingale Road, Schaumburg, Illinois 60173-2096. Cetera Investment Advisers LLC is registered to serve clients throughout 51 U.S. states and territories.

Assets Under Management

$15.9 billion

Number of Advisors

2,111

Disclosures

No

Office Location

200 North Martingale Road
Schaumburg, IL 60173-2096

Cetera Investment Advisers LLC by the Numbers

Total Assets Under Management

$15.9 billion

National Average: $3.7 billion
Total Number of Employees

2,358

National Average: 29
Total Number of Accounts

78,591

National Average: 2,073
Average Account Size

$201.9 thousand

National Average: $1.8 million

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Products and Services

Cetera Investment Advisers LLC provides a number of services, which can consist of 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 past financial year, Cetera Investment Advisers LLC provided financial planning services to 101-250 of its customers. It is not involved in selling products or offering services aside from investment advice to its investment advisory customers. The company also has a number of financial industry affiliations, 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 45% 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 62% 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.

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Fee Structure

Financial advisory fees typically vary depending on which services the firm provides the client. However, fee types billed by the firm most likely are comprised of some blend of the following fee structures: asset-based, hourly or fixed. The firm participates in a wrap fee program, in which the company offers a bundle of services for a single fee.

Available

  • Offered by 74% 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 40% 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 2% 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 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.

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Types of Clients

Cetera Investment Advisers LLC works with a number of different customers. The company caters to retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 78,591 accounts, Cetera Investment Advisers LLC's biggest client group by number of accounts is retail investors, but it also caters to 15,237 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 more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers reside abroad.

  • High-Net-Worth Individuals* - 19.39%
  • Other Individuals - 79.77%
  • Corporations - 0.73%
  • Charitable Organizations - 0.12%

* 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

Cetera Investment Advisers LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Cetera Investment Advisers LLC

Jess Yourkavitch
Temple, PA
Travis White
Raleigh, NC
Jeremy Davis
Valdosta, GA
Luke Yocom
Saint Charles, MI
Haiguang Yin
Arcadia, CA
Mark Keitel
Tampa, FL
Jennifer Reilly
Palmyra, PA
Roxanna Bruss
Green Bay, WI
Jeff Knox
Chattanooga, TN

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This content was compiled from the SEC and FINRA