First Trust Advisors LP

RIASEC RegisteredEst. 1991

Total AUM

$309B

Discretionary

$233B

75% of AUM

Avg account

$49M

Accounts

6,316

Employees

542

Advisory reps

610

Firm details

Headquarters: Wheaton, Illinois
CRD number: 107027
Registered since: October 4, 1991
Website: www.ftportfolios.com
Custodians: CHARLES SCHWAB & CO., INC., NATIONAL FINANCIAL SERVICES LLC
Fee structure: Percentage of AUM, Performance Based Fees, Other
Client types: Investment Companies96.21%
Pooled Investment Vehicles1.63%
HNWI1.51%
Charitable Organizations0.36%
Corporations / Businesses0.19%
Services: Portfolio Management for IndividualsPortfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional ClientsSelection of Other AdvisersPublication of Periodicals

Firm profile

FINTRX

Overview

First Trust Advisors LP is a limited partnership that operates as a registered hedge fund adviser. The firm serves both high-net-worth individuals and institutional clients and pursues a mix of advisory activities that includes managing portfolios for individuals, pooled vehicles and investment companies, selecting other advisers, and publishing investment periodicals. It also operates as a commodity pool operator/commodity trading advisor (CPO/CTA) and reports being an active ESG investor. Organizationally, First Trust maintains affiliations typical of multi-product firms — including broker-dealer relationships and roles as sponsor or manager of pooled investment vehicles. Fee arrangements blend asset-based charges, performance fees and other structures, reflecting a mix of traditional advisory and hedge fund compensation models. The firm has been SEC-registered since 1991.