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

600

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 an SEC-registered limited partnership (est. 1991) that operates with a hedge-fund classification while also performing commodity pool operator/commodity trading advisor (CPO/CTA) functions. The firm provides a range of advisory services across vehicle types: it manages portfolios for individuals and small businesses, investment companies, pooled investment vehicles, and institutional or corporate clients. It also performs selection-of-adviser duties and publishes investment periodicals or newsletters. Clients include both individual/family and institutional investors. Its compensation arrangements extend beyond simple asset-based fees to include performance-linked fees and other fee structures. The firm identifies itself as an active ESG investor and maintains affiliations that include broker-dealer relationships, sponsorship and management roles for pooled vehicles, and other adviser functions.