Fred Alger Management, LLC
Answer a few questions and
get matched with an advisor.
Learn more about Fred Alger Management, LLC
Overview
Fred Alger Management, LLC operates as a financial advisor company headquartered in New York, New York. Fred Alger Management, LLC manages $17.7 billion in total assets across 3,052 accounts, placing it among the largest investment advisory firms in the nation by assets under management (AUM). The company has a large group, including 52 financial advisors. Fred Alger Management, LLC is not a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable financial assets like stocks, bonds and options.
Fred Alger Management, LLC oversees 3,051 of its accounts in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make transaction choices for the client's account without requiring client authorization. Fred Alger Management, LLC also manages one non-discretionary accounts with a total of $670.0 million in AUM. The firm's average account size is $5.8 million. The average advisor at Fred Alger Management, LLC administers about 59 client accounts, making it about average in terms of personalization.
The company's central office is located at 100 Pearl Street, New York, New York 10004. It is legally permitted to serve customers across 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Fred Alger Management, LLC by the Numbers
$17.7 billion
127
3,052
$5.8 million
Fee Structure
A financial advisor's fees usually are based on which service is offered. Fee types charged by the firm can be comprised of any blend 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 Fred Alger Management, LLC.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
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
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with a broad range of clients. It caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations and state or municipal government entities. Out of its 3,052 customers, Fred Alger Management, LLC's biggest client group by number of accounts is retail investors, although it also manages money for four high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $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 people from outside of the U.S.
- High-Net-Worth Individuals* - 0.13%
- Other Individuals - 96.49%
- Corporations - 2.92%
- Charitable Organizations - 0.46%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
Find an advisor who will work directly with you
Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.
Disclosures
Fred Alger Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
Find a financial advisor near you
If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.
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.
The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.
This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.
This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.