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.
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 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.
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.
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.
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.