Guggenheim Funds Distributors, LLC

CRD#39805
Investment Advisor Firm

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Learn more about Guggenheim Funds Distributors, LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Guggenheim Funds Distributors, LLC operates as a financial advisory firm headquartered in Chicago, Illinois. Guggenheim Funds Distributors, LLC controls $5.6 billion in assets throughout 281 accounts, placing it among the biggest firms in the country by assets under management (AUM). Guggenheim Funds Distributors, LLC has a large team, including 9 financial advisors. Guggenheim Funds Distributors, LLC does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal assets such as equities, bonds and options.

    Guggenheim Funds Distributors, LLC administers all of the firm's client assets on a discretionary basis. Discretionary management signifies that buy and sell choices are made by a portfolio manager without needing client approval. The firm's typical account size is $19.9 million. An average advisor at Guggenheim Funds Distributors, LLC oversees around 31 client accounts, making it about average in terms of personalization.

    Guggenheim Funds Distributors, LLC's headquarters is at 227 West Monroe Street, Chicago, Illinois 60606. The company is legally registered to provide services to customers throughout a few states, including Illinois and New York.

    Assets Under Management

    $5.6 billion

    Number of Advisors

    9

    Disclosures

    No

    Office Location

    227 West Monroe Street
    Chicago, IL 60606

    Guggenheim Funds Distributors, LLC by the Numbers

    Total Assets Under Management

    $5.6 billion

    National Average: $8.6 billion
    Total Number of Employees

    227

    National Average: 64
    Total Number of Accounts

    281

    National Average: 375,227
    Average Account Size

    $19.9 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors typically depend on which services the firm provides the client. However, fees charged by Guggenheim Funds Distributors, LLC can be comprised of the following fee structures: asset-based or other. Guggenheim Funds Distributors, LLC does not provide a wrap fee program, in which the firm offers a service bundle 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 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 investment companies. Out of its 281 customers, Guggenheim Funds Distributors, LLC's largest client group is investment companies. None of its customers are non-U.S. persons.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • 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

    Guggenheim Funds Distributors, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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