Private Advisor Group, LLC is a large advisory firm based in Morristown. It manages $19.4 billion of regulatory assets for 81,355 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Private Advisor Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, educational seminars and workshops, and solicitation/referral. It prepares financial plans for approximately 4,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Private Advisor Group, LLC is $19.4 billion. The firm's AUM has grown by 70399% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Private Advisor Group, LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. 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, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Private Advisor Group is individuals with 55,518 clients and $13.77 billion of assets under management. Among the 13 most similar advisory firms, Private Advisor Group has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $19.4 billion for 58,400 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Private Advisor Group doesn't advise any private funds.
The company employs 680 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 655 employees are registered as investment adviser representatives with the state securities authorities.
There are 25 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Private Advisor Group, LLC performs its advisory services is located at 65 Madison Avenue, Suite 300, Morristown, NJ 07960, which is also the mailing address of the firm. An additional office of the firm is in East Lansing, MI. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 973-538-7010 or by fax 973-490-6420. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at crnafinancialplanning.com.