Cambridge Investment Research Advisors, Inc

CRD#134139
Investment Advisor Firm

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Overview

Cambridge Investment Research Advisors, Inc operates as a financial advisor firm based in Fairfield, Iowa. The firm manages $44.3 billion in total assets across 276,236 customer accounts, placing it among the biggest financial advisory firms in the United States by assets under management (AUM). It has a very large team of 2,857 employees, including 2,822 financial advisors. Cambridge Investment Research Advisors, Inc is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are tradable fiscal investments like bonds, options and equities.

Cambridge Investment Research Advisors, Inc administers the majority of the company's accounts in a discretionary manner. Discretionary management is a structure in which transaction choices for the client's account are made by a portfolio manager without needing to seek client authorization. Cambridge Investment Research Advisors, Inc also has 32,414 non-discretionary accounts with a total of $6.4 billion in assets under management. The firm administers an average of $160,469 for each account. An average financial advisor at Cambridge Investment Research Advisors, Inc manages about 98 client accounts.

Cambridge Investment Research Advisors, Inc's central office is at 1776 Pleasant Plain Rd., Fairfield, Iowa 52556-8757. The company is permitted to serve customers throughout 52 U.S. states and territories.

Number of Advisors

2,822

Disclosures

No

Office Location

1776 Pleasant Plain Rd.
Fairfield, IA 52556-8757

Cambridge Investment Research Advisors, Inc by the Numbers

Total Number of Employees

2,857

National Average: 4,943
Total Number of Accounts

276,236

National Average: 2,522
Average Account Size

$160.5 thousand

National Average: $1.3 million

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Products and Services

Cambridge Investment Research Advisors, Inc offers multiple financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, market timing services and educational seminars. In the prior financial year, the company provided 23,000 of its clients with financial planning services. It does not sell products or offer services aside from investment advice to its investment advisory clients. Cambridge Investment Research Advisors, Inc is affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, accountant or accounting firm, lawyer or law firm, insurance company or agency, pension consultant and real estate broker or dealer.

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 63% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Offered by 0% of firms

    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

Fees for financial advisory services typically depend on which services are offered. However, fees charged by Cambridge Investment Research Advisors, Inc can consist of the following fee types: asset-based, hourly, fixed, commission-based or other. The company does participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

Available

  • Offered by 75% 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 37% of firms

    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.

  • Offered by 3% 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.

  • Offered by 12% 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 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.

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Types of Clients

The company does business with a number of different investors. Cambridge Investment Research Advisors, Inc caters to retail investors, high net worth investors, pension plans, charitable organizations and state or municipal government entities. Out of its 276,236 customers, Cambridge Investment Research Advisors, Inc's biggest client group by number of accounts is retail investors, although it also serves 17,081 high-net-worth individuals. A high-net-worth individual is defined by the SEC 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 the firm's customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 8.71%
  • Other Individuals - 90.14%
  • Corporations - 1.14%
  • 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

Cambridge Investment Research Advisors, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Cambridge Investment Research Advisors, Inc

Christopher Bishop
Leesburg, VA
Matthew Riordan
Evansville, IN
Joshua Rivlin
Owings Mills, MD
Joshua Beitel
Traverse City, MI
Lindsey Reyes
Fairfield, IA
Shivjinder Dhillon
Cleveland, OH
Divam Mehta
Henrico, VA
Seth Cecil
Fairfield, IA
Richard Ness
Chaska, MN

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This content was compiled from the SEC and FINRA