Advice And Planning Services
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Overview
Advice And Planning Services operates as a financial advisory company based in New York, New York. The firm oversees $30.9 billion in assets throughout 76,892 client accounts, making it one of the biggest firms in the United States by assets under management (AUM). Advice And Planning Services has a very large team, including 949 financial advisors. Advice And Planning Services is not a registered broker-dealer, signifying that it cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets such as options, stocks and bonds.
Advice And Planning Services administers all of its accounts on a discretionary basis. Discretionary management means that transaction decisions for the client's account are made by a portfolio manager without needing to seek the client's authorization. The firm's average account size is $401,951. An average advisor at Advice And Planning Services oversees around 81 client accounts.
The firm's central office is at 730 Third Avenue, New York, New York 10017-3206. The firm is legally allowed to serve clients throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Advice And Planning Services by the Numbers
$30.9 billion
1,235
76,892
$402.0 thousand
Products and Services
Advice And Planning Services offers a variety of financial services, including financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the past fiscal year, Advice And Planning Services provided financial planning services to 86000 of its customers. The company does not sell products or offer services other than investment advice to its investment advisory customers. It is affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant and commodity pool advisor.
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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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.
Fee Structure
Fees for financial management depend on the services provided. Fees billed by Advice And Planning Services most likely are comprised of some combination of the following fee types: asset-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Advice And Planning Services.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 10% of firms
Other
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
Types of Clients
The company provides services to retail investors, high net worth investors, charitable organizations and corporations. Out of its 76,892 clients, Advice And Planning Services's biggest client type is high net worth investors, though it also manages money for 47,319 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 61.54%
- Other Individuals - 38.39%
- Corporations - 0.04%
- Charitable Organizations - 0.03%
* 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
Advice And Planning Services does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Advice And Planning Services
Pittsburgh, PA
Grand Rapids, MI
Roseland, NJ
West Harrison, NY
Spokane, WA
Chicago, IL
Hanover, NH
New York, NY
Charlotte, NC
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