Cetera Investment Advisers LLC
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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
Number of Advisors
Disclosures
Office Location
Cetera Investment Advisers LLC by the Numbers
$33.4 billion
3,094
176,986
$188.5 thousand
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
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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.
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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.
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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.
Other Services
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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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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
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
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
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
Anaheim, CA
Yonkers, NY
Philadelphia, PA
San Marino, CA
Oklahoma City, OK
Knoxville, TN
Pittsburgh, PA
Freehold, NJ
Fort Lauderdale, FL
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