Sequoia Financial Group, L.L.C
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Overview
Sequoia Financial Group, L.L.C operates as a financial advisor firm that has its headquarters in Akron, Ohio. Sequoia Financial Group, L.L.C administers $15.6 billion in total assets over 19,755 client accounts, placing it among the largest financial advisory firms in the country by assets under management (AUM). The company has a large group, including 135 financial advisors. Sequoia Financial Group, L.L.C is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are exchangable fiscal investments like bonds, options and stocks.
Sequoia Financial Group, L.L.C manages 19,230 of the company's accounts on a discretionary basis. Discretionary management signifies that transaction choices are made by an investment advisor without requiring the customer's permission. Sequoia Financial Group, L.L.C also manages 525 non-discretionary accounts totaling $3.3 billion in assets under management. The company's average account size is $788,022. An average financial advisor at Sequoia Financial Group, L.L.C manages about 146 client accounts.
Sequoia Financial Group, L.L.C's main office is located at 3500 Embassy Parkway, Akron, Ohio 44333. Sequoia Financial Group, L.L.C is allowed to serve investors throughout 45 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Sequoia Financial Group, L.L.C by the Numbers
$15.6 billion
212
19,755
$788.0 thousand
Products and Services
Sequoia Financial Group, L.L.C provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters and educational seminars. In the prior fiscal year, the firm provided 5930 of its clients with financial planning services. It is involved in selling products or offering services aside from investment advice to its clients. It also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, accountant or accounting firm, lawyer or law firm and insurance company or agency.
Core Advisor Services
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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.
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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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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.
Other Services
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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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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees typically vary depending on which services the firm provides the client. Fees billed by the firm most likely consist of the following fee types: asset-based, hourly, fixed or performance-based. Sequoia Financial Group, L.L.C does not supply a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 26% of firms
Performance-based
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Offered by 0% of firms
Subscription
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Sequoia Financial Group, L.L.C manages money for a number of different customers. The company caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations and corporations. Out of its 19,755 accounts, Sequoia Financial Group, L.L.C's largest client is retail investors, but it also caters to 2,142 high-net-worth individuals. The SEC defines a high-net-worth individual as someone 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). Just 1% of the firm's accounts reside abroad.
- High-Net-Worth Individuals* - 35.38%
- Other Individuals - 63.91%
- Corporations - 0.61%
- Charitable Organizations - 0.1%
* 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
Sequoia Financial Group, L.L.C does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Sequoia Financial Group, L.L.C
Akron, OH
Beachwood, OH
Akron, OH
Troy, MI
Akron, OH
Akron, OH
Akron, OH
Akron, OH
Cleveland, OH
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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.
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