Century Securities Associates Inc

CRD#28218
Investment Advisor Firm

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Overview

Century Securities Associates Inc operates as a financial advisory firm headquartered in Saint Louis, Missouri. It administers $947.1 million in assets over 3,040 customer accounts, making it one of the larger investment advisory firms in the nation by assets under management (AUM). Century Securities Associates Inc has a large group of 119 employees, of which 77 are financial advisors. Century Securities Associates Inc does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer firm to do so. Securities are tradable fiscal assets like bonds, options and equities.

Century Securities Associates Inc manages some of the firm's accounts on a discretionary basis. Discretionary management is a structure in which buy and sell decisions for the client's account are made by an investment advisor without requiring client consent. It also administers 1,540 non-discretionary accounts totaling $461.6 million in assets. The advisory firm's typical account size is $311,562. The average financial advisor at Century Securities Associates Inc oversees about 39 client accounts, making it about average in terms of personalization.

The company's central office is located at 501 N Broadway, Saint Louis, Missouri 63102. The firm is registered to serve clients across 50 U.S. states and territories.

Assets Under Management

$947.1 million

Number of Advisors

77

Disclosures

No

Office Location

501 N Broadway
Saint Louis, MO 63102

Century Securities Associates Inc by the Numbers

Total Assets Under Management

$947.1 million

National Average: $3.7 billion
Total Number of Employees

119

National Average: 29
Total Number of Accounts

3,040

National Average: 2,073
Average Account Size

$311.6 thousand

National Average: $1.8 million

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Products and Services

Century Securities Associates Inc offers 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. However, the firm did not provide any of its customers with financial planning services in the prior financial year. Century Securities Associates Inc is involved in selling products or offering services different than investment advisory services to its clients. The company is also affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, accountant or accounting firm, lawyer or law firm, insurance company or agency 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

A financial advisor's fees usually are based on which services are provided. Fees charged by the firm likely include some combination of the following fee structures: asset-based, fixed or commission-based. Century Securities Associates Inc does participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive 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 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 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 35% 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 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

The firm works with a number of different clients. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 3,040 accounts, Century Securities Associates Inc's largest client type by number of accounts is retail investors, though it also serves 736 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $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 represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 32.68%
  • Other Individuals - 65.1%
  • Corporations - 1.87%
  • Charitable Organizations - 0.36%

* 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

Century Securities Associates Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Century Securities Associates Inc

Scott Metzner
Port Huron, MI
Christopher Howard
O Fallon, IL
Shelley Strobel-Erhardt
Saint Louis, MO
Lawrence Reitars
Center Valley, PA
Michael Sirianni
Saint Louis, MO
Richard Boehm
Saint Louis, MO
Karl Walz
Saint Louis, MO
Jonathan Daniels
O Fallon, IL
Matthew Wischmeier
O Fallon, IL

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This content was compiled from the SEC and FINRA

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.