Guggenheim Investments

CRD#105477
Investment Advisor Firm

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Learn more about Guggenheim Investments

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

    • Overview

    Guggenheim Investments is located at 330 Madison Avenue, New York, NY. The firm employs 34 financial advisors to manage client portfolios and provide financial guidance. Guggenheim Investments is not a registered broker-dealer.

    Guggenheim Investments oversees $11.3 billion in assets under management across 138 accounts, all of which are 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, and selection of other advisers. The firm caters to investment companies, pooled investment vehicles, and charitable organizations, with investment companies being the largest client type by accounts. The fee structure at Guggenheim Investments is asset-based. The firm maintains affiliations with a broker-dealer or securities dealer, an insurance company or agency, a pension consultant, a real estate broker or dealer, and a commodity pool advisor.

    Guggenheim Investments is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, 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

    $11.3 billion

    Number of Advisors

    34

    Disclosures

    No

    Office Location

    330 Madison Avenue
    New York, NY 10017

    Guggenheim Investments by the Numbers

    Total Assets Under Management

    $11.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    40

    National Average: 64
    Total Number of Accounts

    138

    National Average: 375,227
    Average Account Size

    $81.6 million

    National Average: $23.0 thousand
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    Products and Services

    Guggenheim 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, and selection of other advisers. However, Guggenheim Investments did not provide any of its clients with financial planning services in the previous fiscal year. It is not involved in selling products or offering services apart from investment advisory services to its investment advisory clients.

    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

    Fees for financial management largely depend on the services offered. Fees charged by Guggenheim Investments typically consist of the following fee type: asset-based.

    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.

    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 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.

    • Find one of the 32% of firms that offer this fee type

      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.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

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

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    Types of Clients

    It works with investment companies, pooled investment vehicles, and charitable organizations. Out of its 3 clients, Guggenheim Investments's biggest client group by number of accounts is investment companies.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 99.28%
    • Charitable Organizations - 0.72%

    * 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

    Guggenheim Investments does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Guggenheim Investments

    Kurt Petricek
    Pheonix, AZ
    Adam Sall
    New York, NY
    William Costigan
    New York, NY
    Ryan Shedd
    New York, NY
    Joseph Direnzo
    New York, NY
    Rachel Jowdy
    Seal Beach, CA
    Mark Skelton
    Chicago, IL
    Lauren Anderson
    New York, NY
    Dru Girard
    New York, NY

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