Equitable Advisors, LLC
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Learn more about Equitable Advisors, LLC
Equitable Advisors, LLC operates as an advisory company headquartered in New York, New York. Equitable Advisors, LLC handles $24.6 billion in total assets over 75,222 customer accounts, making it one of the largest firms in the United States by assets under management (AUM). It has a very large team, including 3,678 financial advisors. Equitable Advisors, LLC is not a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets like equities, bonds and options.
Equitable Advisors, LLC oversees 21,649 of the firm's accounts on a discretionary basis. Discretionary management means that transaction decisions for the client's account are made by a portfolio manager without requiring client consent. The company also administers 53,573 non-discretionary accounts totaling $15.9 billion in AUM. The advisory firm administers about $326,438 for every account. The average financial advisor at Equitable Advisors, LLC administers around 20 client accounts, placing it among the more personalized firms in the country.
The company's main office is located at 1290 Avenue Of The Americas, New York, New York 10104. Equitable Advisors, LLC is registered to provide services to clients across 50 U.S. states and territories.
Assets Under Management
Number of Advisors
Equitable Advisors, LLC by the Numbers
Products and Services
Equitable Advisors, LLC offers multiple financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the last financial year, the company provided financial planning services to 251-500 of its accounts. The company is engaged in selling products or offering services other than investment advisory services to its clients. The company is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency and commodity pool advisor.
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
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 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
This is the hosting of seminars or workshops to educate investors on financial concepts.
Financial advisory fees vary depending on which services the firm provides the client. Fee types charged by Equitable Advisors, LLC may include the following fee types: asset-based, hourly or fixed. The firm participates in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Offered by 69% 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 32% 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
The company does business with a number of different clients. The company provides services to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 75,222 customers, Equitable Advisors, LLC's biggest client type by number of accounts is retail investors, although it also manages money for 25,451 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone 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). None of its clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 42.39%
- Other Individuals - 55.76%
- Corporations - 1.55%
- Charitable Organizations - 0.29%
* 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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Equitable Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Equitable Advisors, LLC
Mount Pleasant, SC
New York, NY
Falls Church, VA
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