Claris Advisors, LLC
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Overview
Claris Advisors, LLC operates as a financial advisory company headquartered in Saint Louis, Missouri. It has $581.9 million in assets across 864 client accounts, placing it among the bigger investment advisory firms in the nation by assets under management (AUM). Claris Advisors, LLC has a small group, including 4 financial advisors. Claris Advisors, LLC does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets such as equities, options and bonds.
Claris Advisors, LLC manages all of the company's client assets in a discretionary manner. Discretionary management signifies that a portfolio manager makes buy and sell choices for the client's account without needing the client's authorization. The investment advisory firm oversees roughly $673,466 in assets for each customer account. An average advisor at Claris Advisors, LLC manages about 216 client accounts.
Claris Advisors, LLC's central office is at 800 Market Street, Saint Louis, Missouri 63101-2501. The firm is legally registered to provide services to customers throughout a number of states, including California, Florida, Illinois, Louisiana, Missouri, Oregon and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Claris Advisors, LLC by the Numbers
$581.9 million
5
864
$673.5 thousand
Products and Services
Claris Advisors, LLC 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 other services. Notably, Claris Advisors, LLC did not provide financial planning services to any of its clients in the prior fiscal year. Claris Advisors, LLC does not sell products or offer services aside from investment advisory services to its investment advisory accounts. Claris Advisors, LLC is affiliated with a number of other companies in the financial services industry, including with an accountant or accounting firm.
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 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
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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.
Fee Structure
Fees for financial management usually depend on the type of services offered. Fee types charged by the firm likely include the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm caters to retail investors, high net worth investors and pension plans. Out of its 864 customers, Claris Advisors, LLC's biggest client group is retail investors, though it also manages money for 126 high-net-worth individuals. The SEC defines a high-net-worth individual as someone 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 customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 39.75%
- Other Individuals - 58.36%
- Corporations - 1.89%
- 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
Claris Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Claris Advisors, LLC
Saint Louis, MO
Saint Louis, MO
Edwardsville, IL
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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