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Learn more about Connectus Wealth
Connectus Wealth operates as an advisory company headquartered in Cockeysville, Maryland. Connectus Wealth administers $6.8 billion in assets under management over 9,139 accounts, making it one of the biggest investment advisory firms in the United States by assets under management (AUM). Connectus Wealth has an average-sized team, including 35 financial advisors. Connectus Wealth is not a registered broker-dealer, meaning it cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal assets such as options, bonds and equities.
Connectus Wealth oversees the majority of the firm's client assets on a discretionary basis. Discretionary management means that a portfolio manager makes transaction decisions without needing to seek the customer's permission. The company also has 66 non-discretionary accounts with a total of $96.3 million in assets under management. The advisory firm supervises roughly $741,196 in assets for every customer account. An average financial advisor at Connectus Wealth oversees about 261 client accounts.
The company's headquarters is at 20 Wight Ave, Cockeysville, Maryland 21030. The firm is legally registered to serve customers across 48 U.S. states and territories.
Assets Under Management
Number of Advisors
Connectus Wealth by the Numbers
Products and Services
Connectus Wealth provides a number of financial 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 other services. In the past fiscal year, Connectus Wealth provided 763 of its accounts with financial planning services. The company does sell products or offer services apart from investment advisory services to its clients. Connectus Wealth is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency, pension consultant and commodity pool advisor.
Core Advisor Services
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.
Offered by 46% of firms
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.
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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This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees charged by financial advisors typically are based on which services the firm provides the client. Fee types charged by the firm likely are comprised of some combination of the following fee structures: asset-based, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the company.
Offered by 69% of firms
Percentage of AssetsShow 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 32% of firms
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.
Offered by 10% of firms
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Find one of the 21% of firms that offer this fee type
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
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
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
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.
Types of Clients
The company manages money for a broad range of investors. It provides services to retail investors, high net worth investors, pension plans, charitable organizations, corporations and other. Out of its 9,139 customers, Connectus Wealth's biggest client group by number of accounts is retail investors, although it also serves 1,163 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual 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 the company's accounts reside abroad.
- High-Net-Worth Individuals* - 20.92%
- Other Individuals - 72.63%
- Corporations - 5.78%
- Charitable Organizations - 0.67%
* 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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Connectus Wealth does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Connectus Wealth
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