Cetera Investment Advisers LLC

CRD#105644
Investment Advisor Firm

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Learn more about Cetera Investment Advisers LLC

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

    • Overview

    Cetera Investment Advisers LLC is a financial advisory firm headquartered in Schaumburg, Illinois. Cetera Investment Advisers LLC handles $33.4 billion in assets throughout 176,986 client accounts, placing it among the biggest investment advisory firms in the nation by assets under management (AUM). The company has a very large team, including 2,788 financial advisors. Cetera Investment Advisers LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are tradable fiscal assets like stocks, bonds and options.

    Cetera Investment Advisers LLC manages the majority of the company's client assets on a discretionary basis. Discretionary management is a structure in which transaction decisions for the client's account are made by an investment advisor without needing to seek the customer's permission. It also oversees 12,990 non-discretionary accounts totaling $3.0 billion in assets under management. Cetera Investment Advisers LLC's typical account size is $188,469. The average financial advisor at Cetera Investment Advisers LLC oversees around 63 client accounts, placing it towards the middle in terms of personalization.

    Cetera Investment Advisers LLC's main office is located at 1450 American Lane, Schaumburg, Illinois 60173-2096. It is permitted to serve investors across 51 U.S. states and territories.

    Assets Under Management

    $33.4 billion

    Number of Advisors

    2,788

    Disclosures

    No

    Office Location

    1450 American Lane
    Schaumburg, IL 60173-2096

    Cetera Investment Advisers LLC by the Numbers

    Total Assets Under Management

    $33.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    3,094

    National Average: 64
    Total Number of Accounts

    176,986

    National Average: 375,227
    Average Account Size

    $188.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Cetera Investment Advisers LLC provides multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the past financial year, the company provided financial planning services to 4523 of its customers. It does not sell products or offer services aside from investment advisory services to its investment advisory clients. Cetera Investment Advisers LLC also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, trust company, 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

      Portfolio Management

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

    • Find a firm that offers this service

      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 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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% 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 advice typically vary depending on the financial services offered. However, fees charged by Cetera Investment Advisers LLC most likely include any combination of the following fee structures: asset-based, hourly or fixed. Cetera Investment Advisers LLC does participate 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.

    • Offered by 21% 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 32% 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.

    Unavailable

    • 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 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 company does business with a number of different investors. It provides services to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 176,986 clients, Cetera Investment Advisers LLC's largest client by number of accounts is retail investors, though it also caters to 40,641 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 22.96%
    • Other Individuals - 75.26%
    • Corporations - 1.54%
    • Charitable Organizations - 0.24%

    * 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

    Cetera Investment Advisers LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Cetera Investment Advisers LLC

    Michael Nelson
    Anaheim, CA
    Eric Siegeltuch
    Yonkers, NY
    Erin Mcclain
    Philadelphia, PA
    Michelle Yang
    San Marino, CA
    Joseph Charron
    Oklahoma City, OK
    Randall Scott
    Knoxville, TN
    Robert Bodnar
    Pittsburgh, PA
    Allan Proske
    Freehold, NJ
    Ricardo Sanchez
    Fort Lauderdale, FL

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