Russell Investments

CRD#105734
Investment Advisor Firm

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Overview

Russell Investments is located at 1301 Second Avenue, Seattle, WA. The firm employs 115 financial advisors to manage client portfolios and provide financial guidance. Russell Investments is not a registered broker-dealer.

Russell Investments oversees $52.5 billion in assets under management across 70,944 accounts, of which 70,941 are discretionary and 3 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, and selection of other advisers. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, other investment advisers, and corporations, with retail investors being the largest client type by accounts. The fee structure at Russell Investments includes asset-based, fixed, performance-based, and other fees. The firm has 262 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, banking or thrift institution, trust company, pension consultant, and commodity pool advisor.

Russell Investments is registered in the states of Alabama, California, Colorado, Connecticut, Delaware, Alaska, Arizona, Arkansas, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Assets Under Management

$52.5 billion

Number of Advisors

115

Disclosures

No

Office Location

1301 Second Avenue
Seattle, WA 98101

Russell Investments by the Numbers

Total Assets Under Management

$52.5 billion

National Average: $8.6 billion
Total Number of Employees

653

National Average: 64
Total Number of Accounts

70,944

National Average: 375,227
Average Account Size

$739.7 thousand

National Average: $23.0 thousand
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Products and Services

Russell Investments offers a variety of services, which can consist of portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, and selection of other advisers. However, Russell Investments did not provide financial planning services to any of its accounts in the prior fiscal year. It does not sell products or offer services other than investment advisory services to its investment advisory accounts.

Core Advisor Services

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    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.

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    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.

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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.

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Fee Structure

Financial advisory fees typically vary depending on the services offered. Fees billed by Russell Investments can include any combination of the following fee types: asset-based, fixed, performance-based, or other. The company participates 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 26% of firms

    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.

  • 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 21% of firms that offer this fee type

    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.

  • Find one of the 1% of firms that offer this fee type

    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.

  • 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

The company manages money for a broad range of customers. It caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, other investment advisers, and corporations. Out of its 8 clients, Russell Investments's biggest client group by number of accounts is investment companies, although it also serves 262 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management 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).

  • High-Net-Worth Individuals* - 0.37%
  • Other Individuals - 98.87%
  • Corporations - 0.6%
  • Charitable Organizations - 0.16%

* 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

Russell Investments does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Russell Investments

Alexander Russo
Seattle, WA
Benjamin L'Empereur
Milwaukee, WI
Kevin Mcauliffe
Milwaukee, WI
Jack Swingle
West Des Moines, IA
Gregory Grocholski
Milwaukee, WI
Derek Hart
Seattle, WA
Michael Montemayor
Grapevine, TX
Martin Roche
Milwaukee, WI
Jeffrey Christiansen
Milwaukee, WI

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The content in this profile was updated by SmartAsset on 6/19/2024. 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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