Cambridge Investment Research Advisors, Inc

CRD#134139
Investment Advisor Firm

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Learn more about Cambridge Investment Research Advisors, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Cambridge Investment Research Advisors, Inc operates as a financial advisor firm based in Fairfield, Iowa. The company handles $82.4 billion in assets over 461,370 client accounts, making it one of the largest financial advisory firms in the country by assets under management (AUM). The company has a very large team, including 3,313 financial advisors. Cambridge Investment Research Advisors, Inc is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as equities, options and bonds.

    Cambridge Investment Research Advisors, Inc oversees 417,620 of the company's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager makes transaction choices without needing to seek client consent. It also manages 43,750 non-discretionary accounts with a total of $10.6 billion in assets under management. The advisory firm administers an average of $178,659 in assets for every client account. The typical financial advisor at Cambridge Investment Research Advisors, Inc manages about 139 client accounts.

    Cambridge Investment Research Advisors, Inc's headquarters is located at 1776 Pleasant Plain Rd., Fairfield, Iowa 52556-8757. It is allowed to serve clients throughout 51 U.S. states and territories.

    Assets Under Management

    $82.4 billion

    Number of Advisors

    3,313

    Disclosures

    No

    Office Location

    1776 Pleasant Plain Rd.
    Fairfield, IA 52556-8757

    Cambridge Investment Research Advisors, Inc by the Numbers

    Total Assets Under Management

    $82.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    3,352

    National Average: 64
    Total Number of Accounts

    461,370

    National Average: 375,227
    Average Account Size

    $178.7 thousand

    National Average: $23.0 thousand
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    Products and Services

    Cambridge Investment Research Advisors, Inc provides multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, market timing services and educational seminars. In the prior fiscal year, the company provided 44000 of its customers with financial planning services. The firm does not sell products or offer services apart from investment advisory services to its investment advisory accounts. The company is also affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer, accountant or accounting firm, lawyer or law firm, insurance company or agency, pension consultant and real estate broker or dealer.

    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 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Offered by 0% of firms

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • 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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial advice depend on which service is offered. Fee types billed by the company likely include the following fee types: asset-based, hourly, fixed, commission-based or other. Cambridge Investment Research Advisors, Inc does participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show 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

      Hourly

      Show Explanation

      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 1% of firms

      Commissions

      Show Explanation

      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.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      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.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      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

      Subscription

      Show Explanation

      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.

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    Types of Clients

    Cambridge Investment Research Advisors, Inc does business with a number of different investors. It provides services to retail investors, high net worth investors, pension plans, charitable organizations and state or municipal government entities. Out of its 461,370 accounts, Cambridge Investment Research Advisors, Inc's largest client type by number of accounts is retail investors, but it also caters to 31,200 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 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 its clients are non-U.S. persons.

    • High-Net-Worth Individuals* - 9.91%
    • Other Individuals - 88.85%
    • Corporations - 1.25%
    • 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

    Cambridge Investment Research Advisors, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Cambridge Investment Research Advisors, Inc

    Herbert Modrak
    Glen Allen, VA
    Tomas Cern
    Tolland, CT
    Ryan Bouchard
    Kennesaw, GA
    John Ladick
    Fairfield, IA
    Andrew Wittich
    Houston, TX
    Enrico Bawar
    Staten Island, NY
    Crescencio Alvarez
    Fairfield, IA
    Laurie Taylor
    Ormond Beach, FL
    Richard Habel
    Salt Lake City, UT

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