Advice And Planning Services
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Overview
Advice And Planning Services operates as an advisory firm located in New York, New York. It administers $39.3 billion in assets across 79,757 accounts, making it one of the largest investment advisory firms in the United States by assets under management (AUM). The company has a very large group, including 926 financial advisors. Advice And Planning Services is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are tradable financial investments such as bonds, equities and options.
Advice And Planning Services manages all of its accounts on a discretionary basis. Discretionary management signifies that a portfolio manager makes buy and sell decisions without requiring the customer's authorization. The investment advisory firm oversees roughly $492,518 in assets for every account. The typical financial advisor at Advice And Planning Services administers about 86 client accounts.
The company's central office is at 730 Third Avenue, New York, New York 10017-3206. It is registered to serve investors throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Advice And Planning Services by the Numbers
$39.3 billion
1,221
79,757
$492.5 thousand
Products and Services
Advice And Planning Services provides multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior fiscal year, the firm provided 87000 of its clients with financial planning services. The firm does not sell products or offer services other than investment advice to its investment advisory customers. The company 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, real estate broker or dealer 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 47% 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 21% 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
Financial management fees depend on which services the firm provides the client. However, fees charged by the company most likely include some blend of the following fee structures: 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 70% 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 33% of firms that offer this fee type
Fixed
Types of Clients
It works with retail investors, high net worth investors, charitable organizations and corporations. Out of its 79,757 clients, Advice And Planning Services's largest client type is high net worth investors, though it also serves 49,403 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM 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). None of its accounts reside abroad.
- High-Net-Worth Individuals* - 61.94%
- Other Individuals - 37.98%
- Corporations - 0.05%
- 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
New York, NY
Dublin, OH
Rockville, MD
State College, PA
Wheaton, IL
Buffalo, NY
Charlotte, NC
Richmond, VA
Metairie, LA
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