Cibc Private Wealth Advisors, Inc
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Overview
Cibc Private Wealth Advisors, Inc operates as a financial advisor company located in Chicago, Illinois. The company controls $51.1 billion in assets under management throughout 35,555 client accounts, placing it among the biggest firms in the nation by assets under management (AUM). It has a large team, including 206 financial advisors. Cibc Private Wealth Advisors, Inc is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are defined as tradable financial investments such as equities, bonds and options.
Cibc Private Wealth Advisors, Inc manages more than half of the firm's client assets on a discretionary basis. Discretionary management means that buy and sell judgments are made by an investment advisor without requiring the client's authorization. The company also has 575 non-discretionary accounts with a total of $3.2 billion in assets under management. The advisory firm manages about $1.4 million for each customer account. The average financial advisor at Cibc Private Wealth Advisors, Inc manages about 173 client accounts.
The firm's main office is at 181 West Madison Street, Chicago, Illinois 60602. It is permitted to provide services to customers across 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Cibc Private Wealth Advisors, Inc by the Numbers
$51.1 billion
455
35,555
$1.4 million
Products and Services
Cibc Private Wealth Advisors, Inc provides multiple services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers and other services. In the last financial year, it provided financial planning services to 251-500 of its clients. The firm does not sell products or offer services other than investment advice to its investment advisory clients. Cibc Private Wealth Advisors, Inc is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company and commodity pool advisor.
Core Advisor Services
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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.
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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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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.
Fee Structure
A financial advisor's fees usually depend on which services the firm provides the client. Fee types billed by Cibc Private Wealth Advisors, Inc most likely include the following fee structures: asset-based, fixed or performance-based. The company participates in a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Cibc Private Wealth Advisors, Inc manages money for a number of different customers. The firm caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations, state or municipal government entities, corporations and other. Out of its 35,555 customers, Cibc Private Wealth Advisors, Inc's biggest client group by number of accounts is retail investors, although it also serves 672 high-net-worth individuals. The SEC defines a high-net-worth individual as a person 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). Just 1% of its accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 1.89%
- Other Individuals - 89.34%
- Corporations - 5.51%
- Charitable Organizations - 3.26%
* 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
Cibc Private Wealth Advisors, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Cibc Private Wealth Advisors, Inc
Chicago, IL
Chicago, IL
New York, NY
Atlanta, GA
Chicago, IL
Chicago, IL
Chicago, IL
Washington, DC
Boca Raton, FL
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