First Trust Advisors LP (Wheaton)

Name: First Trust Advisors LP
Address: 120 E. Liberty Drive, Wheaton, IL, 60187
Telephone: 630-765-8000

First Trust Advisors LP is a large advisory firm based in Wheaton. It manages $113.41 billion of regulatory assets for 3,593 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

First Trust Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and security ratings or pricing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

First Trust Advisors: assets under management

The assets under management (AUM) of First Trust Advisors LP is $113.41 billion. The firm's AUM has grown by 743% since the beginning of its operation, and $931 million of the total AUM is attributable to clients outside of the United States.

The firm manages $67.38 billion in discretionary accounts and $46.03 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $37 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $25.98 million.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay First Trust Advisors LP for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Andrew Scott Roggensack serves?

The firm provides services to individuals, investment companies, and pooled investment vehicles. The largest group of clients of Andrew Scott Roggensack is investment companies with 1,970 clients and $112.92 billion of assets under management. Among the 10 most similar advisory firms, First Trust Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $113.4 billion for 3,587 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

First Trust Advisors doesn't advise any private funds.

Careers at First Trust Advisors LP

The company employs 495 people that are either part- or full-time employees. 15 percent of the employees work as investment advisers or researchers. 324 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Andrew Scott Roggensack has been acting as President since 1 Dec 2010. David Gerard Mcgarel has served as the Chief Investment Officer since 1 Jul 2012 and James Allen Bowen is the Chief Executive Officer of First Trust Advisors LP family office. James Martin Dykas joined the executive team most recently as the Chief Financial Officer / Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Grace Partners Of Dupage L.P.	Limited partner	1 Aug 1991	75% - 100%	36-3789110
The Charger Corporation	General partner	1 Aug 1991	Other	36-3772451
Nike Securities Corporation	General partner	1 Aug 1991	Other	36-3772451
James Allen Bowen	President	1 Aug 1991	Other	1123316
The Charger Corporation (Formerly Nike Securities Corporation)	General partner	1 Aug 1991	Other	36-3772451
David Brooks Field	Chief investment officer/senior vice president	1 Apr 1992	Other	207222
William Scott Jardine	General counsel	1 Mar 1995	Other	2609233
Ronald Dean Mcalister	Managing director	1 Apr 1995	Other	865667
Mark Raymond Bradley	Managing director/chief financial officer	1 Jan 1999	Other	1141683
Robert William Bredemeier	Managing director/chief operating officer	1 Jan 1999	Other	1045272
William D Webb	Chief compliance officer	1 Nov 1999	Other	1256777
Mitchell Eugene Mohr	Chief compliance officer	1 Jun 2001	Other	4420480
Robert Scott Hall	Managing director	1 Jan 2002	Other	722085
Robert Franklin Carey	Chief investment officer	1 Jan 2003	Other	1526435
Joseph Daniel Mcdermott	Chief compliance officer	1 Jul 2006	Other	4146135
William Scott Jardine	Chief compliance officer	1 Dec 2007	Other	2609233
Kathleen Wieland Brown	Chief compliance officer	1 Feb 2008	Other	2000718
Mark Raymond Bradley	Chief operating officer	1 Dec 2010	Other	1141683
Andrew Scott Roggensack	President	1 Dec 2010	Other	1582059
James Allen Bowen	Chief executive officer	1 Dec 2010	Other	1123316
David Gerard Mcgarel	Managing director/chief investment officer	1 Jul 2012	Other	2945880
Daniel Joel Lindquist	Managing director	1 Jul 2012	Other	2236812
James Martin Dykas	Chief financial officer / managing director	1 Jan 2016	Other	2264809
David Gerard Mcgarel	Chief operating officer	1 Jan 2016	Other	2945880

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Karla Marlee Vankampenpierre	Shareholder	1 Aug 1991	25% - 50%	2183957
Kristen Joy Wisen	Shareholder	1 Aug 1991	25% - 50%	2183951
Karla Marlee Vankampen Pierre	Shareholder	1 Aug 1991	25% - 50%	2183957
Judith Marlee Vankampen	Voting agreement	1 Oct 1999	75% - 100%	1976595
The Judith M.Vankampen Intangibles Trust	Shareholder	1 Dec 2000	50% - 75%	xxx-xx-xxxx
James Allen Bowen	Sole shareholder	1 Oct 2010	75% - 100%	1123316
Ajm Ventures Llc	Shareholder	1 Oct 2010	75% - 100%	80-0647858

Based in Wheaton

The principal office where First Trust Advisors LP performs its advisory services is located at 120 E. Liberty Drive, Wheaton, IL 60187, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-765-8000 or by fax 630-765-8610. The normal business hours are 7:45am - 4:15pm on Monday - Friday. You can find more information about the New York firm at ftportfolios.com.