Lord, Abbett & Co. LLC
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Overview
Lord, Abbett & Co. LLC operates as a financial advisory firm that has its headquarters in Jersey City, New Jersey. The company administers $211.2 billion in assets throughout 18,447 client accounts, making it one of the biggest investment advisory firms in the nation by assets under management (AUM). It has a large group, including 252 financial advisors. Lord, Abbett & Co. LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial assets like options, stocks and bonds.
Lord, Abbett & Co. LLC administers 18,440 of the company's accounts on a discretionary basis. Discretionary management is a structure in which an investment advisor has the discretion to make transaction choices for the client's account without needing to seek the customer's approval. The company also oversees seven non-discretionary accounts totaling $1.0 billion in assets. The investment advisory firm's average account size is $11.4 million. An average advisor at Lord, Abbett & Co. LLC oversees about 73 client accounts, making it about average in terms of personalization.
Lord, Abbett & Co. LLC's central office is located at 90 Hudson Street, Jersey City, New Jersey 07302-3973. It is legally registered to serve investors across 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Lord, Abbett & Co. LLC by the Numbers
$211.2 billion
730
18,447
$11.4 million
Fee Structure
Fees charged by financial advisors typically are based on which services the firm provides the client. Fees billed by Lord, Abbett & Co. LLC most likely are comprised of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
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 0% of firms that offer this fee type
Subscription
-
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 company manages money for a broad range of customers. The firm works with retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies and corporations. Out of its 18,447 accounts, Lord, Abbett & Co. LLC's largest client by number of accounts is retail investors, although it also caters to 2,935 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 more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 15.92%
- Other Individuals - 80.78%
- Corporations - 3.1%
- Charitable Organizations - 0.2%
* 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
Lord, Abbett & Co. LLC does not have any disclosures.
Please visit its Form ADV for more details.
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