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 located at 1450 American Lane, Schaumburg, IL. The firm employs 5,928 financial advisors to manage client portfolios and provide financial guidance. Cetera Investment Advisers LLC is not a registered broker-dealer.

    Cetera Investment Advisers LLC oversees $104.5 billion in assets under management across 423,554 accounts, of which 339,316 are discretionary and 84,238 are non-discretionary. Over the past year, the firm has provided financial planning services to 12,789 clients. The services offered 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. The firm caters to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, and corporations, with retail investors being the largest client type by accounts. The fee structure at Cetera Investment Advisers LLC includes asset-based, hourly, and fixed fees. The firm has 81,261 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, trust company, insurance company or agency, and pension consultant.

    Cetera Investment Advisers LLC 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

    $104.5 billion

    Number of Advisors

    5,928

    Disclosures

    No

    Office Location

    1450 American Lane
    Schaumburg, IL 60173-2096

    Cetera Investment Advisers LLC by the Numbers

    Total Assets Under Management

    $104.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    6,648

    National Average: 64
    Total Number of Accounts

    423,554

    National Average: 375,227
    Average Account Size

    $246.6 thousand

    National Average: $23.0 thousand
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    Products and Services

    Cetera Investment Advisers LLC offers 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 educational seminars. In the past financial year, Cetera Investment Advisers LLC provided 12789 of its accounts with financial planning services. The Company is not engaged in selling products or offering services apart from investment advice to its investment advisory clients.

    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 management largely are based on which services the firm provides the client. Fees billed by Cetera Investment Advisers LLC may include some combination of the following fee types: asset-based, hourly, or fixed. The firm participates in a wrap fee program, in which the firm offers a service bundle 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 manages money for a broad range of customers. The firm works with retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, and corporations. Out of its 7 clients, Cetera Investment Advisers LLC's biggest client group by number of accounts is retail investors, although it also serves 81261 high-net-worth individuals. The SEC defines a high-net-worth individual as someone 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).

    • High-Net-Worth Individuals* - 19.19%
    • Other Individuals - 79.04%
    • Corporations - 1.41%
    • Charitable Organizations - 0.37%

    * 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

    Anthony Costabile
    New York, NY
    Carter Dye
    Toledo, OH
    Blake Mcginley
    San Jose, CA
    Nicholas Witte
    Saint Louis, MO
    Justin Lucas
    Indianapolis, IN
    Cameron Mcginley
    Saint Louis, MO
    Sean Mainwaring
    Tampa, FL
    Kurtis Anderson
    San Diego, CA
    Jesse Wolfe
    Midlothian, VA

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