First Trust Advisors Lp

CRD#107027
Investment Advisor Firm

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Learn more about First Trust Advisors Lp

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

    • Overview

    First Trust Advisors Lp is located at 120 E. Liberty Drive, Wheaton, IL. The firm employs 95 financial advisors to manage client portfolios and provide financial guidance. First Trust Advisors Lp is not a registered broker-dealer.

    First Trust Advisors Lp oversees $210.9 billion in assets under management across 2,926 accounts, of which 1,401 are discretionary and 1,525 are non-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, selection of other advisers, and publication of newsletters. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, and corporations, with investment companies being the largest client type by accounts. The fee structure at First Trust Advisors Lp includes asset-based and other fees. The firm has 4 high net worth clients and maintains affiliations with a broker-dealer or securities dealer and a commodity pool advisor.

    First Trust Advisors Lp 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

    $210.9 billion

    Number of Advisors

    95

    Disclosures

    No

    Office Location

    120 E. Liberty Drive
    Wheaton, IL 60187

    First Trust Advisors Lp by the Numbers

    Total Assets Under Management

    $210.9 billion

    National Average: $8.6 billion
    Total Number of Employees

    426

    National Average: 64
    Total Number of Accounts

    2,926

    National Average: 375,227
    Average Account Size

    $72.1 million

    National Average: $23.0 thousand
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    Products and Services

    First Trust Advisors Lp offers a number of financial services, which can include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, and publication of newsletters. However, First Trust Advisors Lp did not provide any of its customers with financial planning services in the previous fiscal year. The Company is not involved in selling products or offering services other than investment advice 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.

    • Offered by 3% of firms

      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 management fees usually vary depending on which services are provided. Fees charged by First Trust Advisors Lp may include any combination of the following fee types: asset-based or other. The firm does participate in a wrap fee program, in which the company offers a service bundle 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.

    • Offered by 10% of firms

      Other

      Show Explanation

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

    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.

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    Types of Clients

    The firm works with a number of different investors. It works with retail investors, high net worth investors, investment companies, pooled investment vehicles, and corporations. Out of its 5 clients, First Trust Advisors Lp's biggest client type by number of accounts is investment companies, though it also caters to 4 high-net-worth individuals. The SEC defines a high-net-worth individual as a person 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).

    • High-Net-Worth Individuals* - 0.14%
    • Other Individuals - 37.32%
    • Corporations - 62.54%
    • Charitable Organizations - 0%

    * 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

    First Trust Advisors Lp does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at First Trust Advisors Lp

    David Tokar
    Wheaton, IL
    Xhordi Xhokola
    Wheaton, IL
    Jordan Roberts
    Wheaton, IL
    Thomas Giobbi
    Wheaton, IL
    Theodore Selvaggio
    Wheaton, IL
    Tyler Pearse
    Wheaton, IL
    Alexander Tarnow
    Austin, TX
    Trey Widner
    Wheaton, IL
    Samantha Glaz
    Wheaton, IL

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