Benjamin F. Edwards & Company, Inc

CRD#146936
Investment Advisor Firm

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Learn more about Benjamin F. Edwards & Company, Inc

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

    • Overview

    Benjamin F. Edwards & Company, Inc is a financial advisor firm located in Saint Louis, Missouri. The firm oversees $11.3 billion in assets over 42,128 customer accounts, making it one of the biggest firms in the country by assets under management (AUM). Benjamin F. Edwards & Company, Inc has a large team, including 423 financial advisors. Benjamin F. Edwards & Company, Inc is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are tradable financial investments like options, bonds and stocks.

    Benjamin F. Edwards & Company, Inc oversees more than half of the firm's client assets in a discretionary manner. Discretionary management means that a portfolio manager has the discretion to make buy and sell judgments for the client's account without requiring the customer's consent. It also has 17,409 non-discretionary accounts with a total of $6.0 billion in assets. The firm's average account size is $267,339. The average financial advisor at Benjamin F. Edwards & Company, Inc administers about 100 client accounts.

    The company's main office is located at One North Brentwood Boulevard, Saint Louis, Missouri 63105. It is allowed to serve clients throughout 51 U.S. states and territories.

    Assets Under Management

    $11.3 billion

    Number of Advisors

    423

    Disclosures

    No

    Office Location

    One North Brentwood Boulevard
    Saint Louis, MO 63105

    Benjamin F. Edwards & Company, Inc by the Numbers

    Total Assets Under Management

    $11.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    702

    National Average: 64
    Total Number of Accounts

    42,128

    National Average: 375,227
    Average Account Size

    $267.3 thousand

    National Average: $23.0 thousand
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    Products and Services

    Benjamin F. Edwards & Company, Inc offers a number of financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the last financial year, Benjamin F. Edwards & Company, Inc provided financial planning services to 1-10 of its accounts. The firm is engaged in selling products or offering services apart from investment advisory services to its customers. It is also affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer and insurance company or agency.

    Core Advisor Services

    • 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.

    • 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.

    • 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

    • 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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      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 typically vary depending on which services are offered. However, fees charged by the firm can include the following fee structures: asset-based, hourly or fixed. The company does participate in 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.

    • Offered by 21% of firms

      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.

    • Offered by 32% of firms

      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.

    Unavailable

    • 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 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 does business with a number of different investors. It provides services to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 42,128 clients, Benjamin F. Edwards & Company, Inc's biggest client group is retail investors, though it also manages money for 102 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers reside abroad.

    • High-Net-Worth Individuals* - 0.39%
    • Other Individuals - 97.72%
    • Corporations - 1.56%
    • Charitable Organizations - 0.33%

    * 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

    Benjamin F. Edwards & Company, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Benjamin F. Edwards & Company, Inc

    Nicole Avery-Young
    Springfield, MO
    Jo-Ann La Pan
    Saint Louis, MO
    Arthur Laine
    Peoria, IL
    Louis Howell
    Saint Louis, MO
    Michelle Boyum
    Minneapolis, MN
    James Dombrowski
    Saint Louis, MO
    Scott Critchfield
    Saint Louis, MO
    Aaron Mabley
    Saint Louis, MO
    Dawn Dickson
    Saint Louis, MO

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    The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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