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. The fee-based financial advisor serves more than 29,000 clients, with about 368 advisors managing more than $8.3 billion in assets under management (AUM).
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. Benjamin F. Edwards has more than 70 offices in 30 states.
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, trusts, estates, charitable organizations, corporations, business entities, educational institutions, governmental organizations, investment clubs, foundations and other charitable organizations.
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
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 0.75% to 2.75%, depending on the program or portfolio selected. For comparison's sake, the average fee for investment management is 0.95%, according to a 2018 study by RIA in a Box. Learn more about what advisors typically cost here.
What to Watch Out For
The firm listed six disclosures in its firm brochure. Of them, the most recent 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, disgorgement of $3,151,205.81 and pre-judgment interest of $294,058.93.
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.
Tips for Investing
- 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.
- If you’d rather use a financial advisor, SmartAsset’s free financial advisor matching service connects you with up to three local advisors.
All information was accurate as of the writing of this article.