Larson Financial Group, LLC
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Overview
Larson Financial Group, LLC operates as an advisory company located in Saint Louis, Missouri. The company administers $2.3 billion in assets under management across 20,802 accounts, placing it among the biggest financial advisory firms in the nation by assets under management (AUM). The firm has a large group, including 59 financial advisors. Larson Financial Group, LLC does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are defined as tradable financial assets such as options, bonds and equities.
Larson Financial Group, LLC oversees most of the company's client assets in a discretionary manner. Discretionary management means that buy and sell choices are made by a portfolio manager without needing client authorization. The company also has 2,780 non-discretionary accounts with a total of $399.0 million in assets. Larson Financial Group, LLC supervises roughly $112,287 in assets for each customer account. The average advisor at Larson Financial Group, LLC administers about 353 client accounts.
Larson Financial Group, LLC's headquarters is located at 100 N Broadway, Saint Louis, Missouri 63102. It is registered to serve investors throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Larson Financial Group, LLC by the Numbers
$2.3 billion
160
20,802
$112.3 thousand
Products and Services
Larson Financial Group, LLC offers a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the last financial year, the firm provided 1500 of its customers with financial planning services. It is engaged in selling products or offering services other than investment advice to its clients. The company is also 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, insurance company or agency, pension consultant and real estate broker or dealer.
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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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
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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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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees largely depend on which service is provided. Fee types charged by the firm likely are comprised of the following fee structures: asset-based, hourly or fixed. Larson Financial Group, LLC does participate in a wrap fee program, in which the firm offers a service bundle for a single 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 provides services to retail investors, high net worth investors, pension plans and corporations. Out of its 20,802 accounts, Larson Financial Group, LLC's biggest client type is retail investors, though it also caters to 683 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM 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). Just 1% of the company's accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 17.33%
- Other Individuals - 80.99%
- Corporations - 1.67%
- 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
Larson Financial Group, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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