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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, government entities, charitable organizations, corporations and an investment club.

The firm’s account minimums range from $10,000 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

The firm says on its website that its mission is to empower financial advisors with the freedom to deliver personalized investment advice. Benjamin F. Edwards’ core values are based on the golden rule, independence, accessibility, having fun and striving for excellence. 

Portfolio managers generally employ long-term investment strategies that utilize charting, technical and fundamental analysis

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 0.85% to 2.75%, depending on the program or portfolio selected.

What to Watch Out For

The firm listed eight disclosures in its firm brochure. Of them, one of the most recent infractions involved the U.S. Securities and Exchange Commission's finding that the firm was responsible for breaches of fiduciary duty and inadequate disclosures that were related to its mutual fund share class selection practices. The case was resolved through censure and disgorgement. 

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 over the phone.

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

Tips for Investing

  • SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Whether you’re a passive or active investor, online brokerage services and mobile investing apps allow you to take investing into your own hands. If you prefer the DIY route, our asset allocation calculator can give you a better idea of how to organize your assets. 

How Long $1 Million 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.

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

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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 metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. 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.