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Benjamin F. Edwards & Company Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Benjamin F. Edwards & Company, Inc.

Benjamin F. Edwards & Company, Inc. is a St. Louis-based firm offering various wealth advisory services to a range of different clients. This is a fee-based financial advisor firm. It employs a large team of advisors to manage its assets under management (AUM).

As a fee-based firm, certain advisors at Benjamin F. Edwards can earn third-party compensation in addition to client-paid fees. A fee-only firm, on the other hand, focus entirely on client-paid fees.

Benjamin F. Edwards & Company Background 

Benjamin F. Edwards operates as a privately held, full-service broker-dealer and registered investment advisor (RIA). Principally owned by Benjamin Edwards Inc., the firm was established in 2008 by chairman, CEO and president Tad Edwards.

The firm’s team holds various credentials, including the certified financial planner (CFP), certified regulatory and compliance professional (CRCP) and certified public accountant (CPA) designations.

Benjamin F. Edwards & Company Client Types and Minimum Account Sizes

Benjamin F. Edwards serves a range of clients, including non-high-net-worth and high-net-worth individuals, pension and profit-sharing plans, charitable organizations, corporations and an investment club.

The firm’s account minimums range from $5,000 to $200,000, depending on the portfolio or account. 

Services Offered by Benjamin F. Edwards & Company

Clients working with Benjamin F. Edwards have access to the following services:

  • Portfolio management
  • Financial planning
  • Pension consulting
  • Selection of other advisors
  • Educational seminars/workshops

Benjamin F. Edwards & Company Investment Philosophy

Benjamin F. Edwards & Company offers both discretionary and non-discretionary portfolio management, meaning you can grant the firm full autonomy to mangage your account or you can retain a final say on individual transactions. Portfolio managers generally employ long-term investment strategies that utilize charting, technical and fundamental analysis

The firm offers a large variety of wrap fee program investment strategies:

  • Benjamin F. Edwards Mutual Fund Portfolios
  • Benjamin F. Edwards Mutual Fund Model Strategies
  • Benjamin F. Edwards Active Passive Portfolios
  • Benjamin F. Edwards Exchange Traded Fund Portfolios
  • Benjamin F. Edwards Equity Portfolios
  • Benjamin F. Edwards Private Portfolios
  • Benjamin F. Edwards Separately Managed Portfolios
  • Benjamin F. Edwards Unified Managed Account
  • Benjamin F. Edwards Tax Transition Strategies
  • Investment Management Consulting (with Execution)*
  • Benjamin F. Edwards Client Portfolios
  • Benjamin F. Edwards Custom Mutual Fund Portfolios
  • BNY Mellon Target Risk Portfolios (formerly Lockwood Asset Allocation Portfolios)

Fees Under Benjamin F. Edwards & Company

The firm offers several different fee schedules for its portfolios and investment programs. The firm’s advisory fees typically range from 0.65% to 2.75%, depending on the program or portfolio selected.

What to Watch Out For

The firm listed seven disclosures in its Form ADV. Also worth noting: certain advisors may earn commissions from third-party vendors. This can incentivize them to recommend products and services over others. That said, as a fiduciary, the firm is required to prioritize clients' needs over its own.

Opening an Account With Benjamin F. Edwards & Company

Benjamin F. Edwards offers several options for getting in touch. You can reach out to the firm through its contact form, or you can set up an appointment with an advisor by calling the firm at (314) 726-1600 or (855) 382-1600.

All information was accurate as of the writing of this article. 

Tips for Finding a Financial Advisor

  • Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • It's important to do your due diligence when you're searching for a financial advisor. Talk with at least three advisors before you choose one to work with, and ask them these questions to determine whether they're a fit for you.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research