J. W. Cole Advisors, Inc
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Learn more about J. W. Cole Advisors, Inc
J. W. Cole Advisors, Inc operates as a financial advisor firm based in Tampa, Florida. The firm handles $5.5 billion in total assets over 21,164 accounts, placing it among the largest firms in the nation by assets under management (AUM). The firm has a large team, including 509 financial advisors. J. W. Cole Advisors, Inc does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as 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, options and bonds.
J. W. Cole Advisors, Inc administers the majority of the company's client assets on a discretionary basis. Discretionary management signifies that transaction decisions are made by an investment advisor without requiring the customer's permission. The firm also has 6,600 non-discretionary accounts with a total of $1.8 billion in assets under management. The firm's average account size is $257,829. The typical advisor at J. W. Cole Advisors, Inc oversees about 42 client accounts, placing it towards the middle in terms of personalization.
The firm's main office is located at 4301 Anchor Plaza Parkway, Tampa, Florida 33634. J. W. Cole Advisors, Inc is legally registered to provide services to clients across 51 U.S. states and territories.
Assets Under Management
Number of Advisors
J. W. Cole Advisors, Inc by the Numbers
Products and Services
J. W. Cole Advisors, Inc provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, educational seminars and other services. In the last fiscal year, the firm provided 1000 of its clients with financial planning services. The company does not sell products or offer services apart from investment advice to its investment advisory accounts.
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 47% of firms
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.
Offered by 21% 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.
Offered by 7% of firms
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees charged by financial advisors largely are based on which services the firm provides the client. Fee types billed by the company most likely include the following fee types: asset-based, hourly or fixed. The company does participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Offered by 70% of firms
Percentage of AssetsShow 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
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 33% of firms
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.
Find one of the 1% of firms that offer this fee type
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
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
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
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
J. W. Cole Advisors, Inc works with a number of different investors. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 21,164 accounts, J. W. Cole Advisors, Inc's largest client by number of accounts is retail investors, though it also manages money for 890 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person 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). None of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 4.21%
- Other Individuals - 95.18%
- Corporations - 0.55%
- Charitable Organizations - 0.07%
* 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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J. W. Cole Advisors, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at J. W. Cole Advisors, Inc
Grand Rapids, MI
Rolling Meadows, IL
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