Commerce Brokerage Services, Inc
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Overview
Commerce Brokerage Services, Inc is a financial advisor company located in Saint Louis, Missouri. It administers $650.4 million in assets under management throughout 3,570 client accounts, placing it among the bigger firms in the nation by assets under management (AUM). Commerce Brokerage Services, Inc has a small group, including 28 financial advisors. Commerce Brokerage Services, Inc does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets such as equities, bonds and options.
Commerce Brokerage Services, Inc manages zero of its client assets on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make transaction decisions without needing client consent. The company also manages 3,570 non-discretionary accounts with a total of $650.4 million in AUM. The advisory firm's average account size is $182,175. The average advisor at Commerce Brokerage Services, Inc oversees around 128 client accounts.
Commerce Brokerage Services, Inc's main office is at 8000 Forsyth, Saint Louis, Missouri 63105-1707. The firm is allowed to serve investors across 15 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Commerce Brokerage Services, Inc by the Numbers
$650.4 million
37
3,570
$182.2 thousand
Products and Services
Commerce Brokerage Services, Inc provides a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses and portfolio management for institutional clients. In the last financial year, it provided financial planning services to 101-250 of its customers. The firm is involved in selling products or offering services apart from investment advice to its customers. The company is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company and insurance company or agency.
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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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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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees usually vary depending on which services are offered. However, fees billed by Commerce Brokerage Services, Inc typically consist of the following fee structure: asset-based. The firm participates in a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm manages money for a number of different customers. The company caters to retail investors, high net worth investors, charitable organizations, state or municipal government entities, insurance companies and corporations. Out of its 3,570 accounts, Commerce Brokerage Services, Inc's biggest client type by number of accounts is retail investors, but it also manages money for 76 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 2.13%
- Other Individuals - 97.09%
- Corporations - 0.53%
- Charitable Organizations - 0.25%
* 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
Commerce Brokerage Services, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Commerce Brokerage Services, Inc
Springfield, MO
Kansas City, MO
Saint Louis, MO
Kansas City, MO
Saint Louis, MO
Saint Louis, MO
Saint Louis, MO
Saint Louis, MO
Saint Louis, MO
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