Primerica Advisors

CRD#10111
Investment Advisor Firm

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Learn more about Primerica Advisors

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

    • Overview

    Primerica Advisors is located at 1 Primerica Parkway, Duluth, GA. The firm employs 3,560 financial advisors to manage client portfolios and provide financial guidance. Primerica Advisors is a registered broker-dealer.

    Primerica Advisors oversees $8.5 billion in assets under management across 59,808 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses. The firm caters to retail investors, high net worth investors, charitable organizations, and corporations, with retail investors being the largest client type by accounts. The fee structure at Primerica Advisors is asset-based. The firm has 791 high net worth clients and maintains affiliations with a broker-dealer or securities dealer and an insurance company or agency.

    Primerica Advisors is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $8.5 billion

    Number of Advisors

    3,560

    Disclosures

    No

    Office Location

    1 Primerica Parkway
    Duluth, GA 30099-0001

    Primerica Advisors by the Numbers

    Total Assets Under Management

    $8.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    3,590

    National Average: 64
    Total Number of Accounts

    59,808

    National Average: 375,227
    Average Account Size

    $141.5 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial management typically depend on the services provided. Fees charged by Primerica Advisors typically consist of the following fee type: asset-based.The company 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.

    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.

    • 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

    The firm works with retail investors, high net worth investors, charitable organizations, and corporations. Out of its 4 clients, Primerica Advisors's biggest client group by number of accounts is retail investors, though it also manages money for 791 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 1.69%
    • Other Individuals - 98%
    • Corporations - 0.25%
    • Charitable Organizations - 0.07%

    * 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

    Primerica Advisors does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Primerica Advisors

    Heather Horan
    Duluth, GA
    Eugenia Ritvin
    Doylestown, PA
    Clay Schweitzer
    Gillette, WY
    Andrew Arthur
    Urbandale, IA
    Janelle Pruett
    Belfair, WA
    Michael Giordano
    Hialeah, FL
    Alden Small
    Horn Lake, MS
    Jillian Cavanaugh
    Manchester, NH
    Keith Cline
    Duluth, GA

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