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 operates as an advisory company that has its headquarters in New York, New York. The firm handles $8.7 billion in total assets across 138 customer accounts, making it one of the largest financial advisory firms in the United States by assets under management (AUM). Guggenheim Investments has a small group, including 33 financial advisors. Guggenheim Investments is not a registered broker-dealer, signifying that the firm 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 tradable fiscal investments such as equities, options and bonds.

    Guggenheim Investments oversees all of the firm's client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor makes buy and sell choices without needing the client's permission. The investment advisory firm administers roughly $63.1 million for each client account. An average financial advisor at Guggenheim Investments manages about four client accounts, making it one of the most personalized advisor firms in the country.

    Guggenheim Investments's central office is located at 330 Madison Avenue, New York, New York 10017. The firm is permitted to serve investors across 51 U.S. states and territories.

    Assets Under Management

    $8.7 billion

    Number of Advisors

    33

    Disclosures

    No

    Office Location

    330 Madison Avenue
    New York, NY 10017

    Guggenheim Investments by the Numbers

    Total Assets Under Management

    $8.7 billion

    National Average: $8.6 billion
    Total Number of Employees

    39

    National Average: 64
    Total Number of Accounts

    138

    National Average: 375,227
    Average Account Size

    $63.1 million

    National Average: $23.0 thousand
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    Products and Services

    Guggenheim Investments offers a variety of financial 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. Guggenheim Investments does not sell products or offer services apart from investment advice to its investment advisory clients. Guggenheim Investments 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, pension consultant, real estate broker or dealer and commodity pool advisor.

    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 largely depend on the services provided. However, fees billed by the firm typically consist of the following fee structure: asset-based. The firm does not supply a wrap fee program, in which the firm offers a bundle of services 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.

    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

    The company caters to investment companies, pooled investment vehicles and charitable organizations. Out of its 138 clients, Guggenheim Investments's biggest client group is investment companies. Just 4% of the firm's customers are represented by people from outside of the U.S.

    • 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

    Dru Girard
    New York, NY
    Ryan Shedd
    New York, NY
    Adam Godlewski
    New York, NY
    Kurt Petricek
    Pheonix, AZ
    Matthew Buccigrosso
    New York, NY
    Rachel Jowdy
    Seal Beach, CA
    Kevin Burke
    Chicago, IL
    Erik Olson
    Frisco, TX
    Geri Herro
    Chicago, IL

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