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Benjamin F Edwards & Company Review

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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 just over 28,000 clients, with about 351 advisors managing more than $6.6 billion in assets under management (AUM).

Benjamin F. Edwards & Company, Inc. 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, chief executive officer (CEO) and firm president Tad Edwards. Benjamin F. Edwards also has more than 70 offices in 30 states.

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

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

Benjamin F. Edwards serves an extensive 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 used. 

Services Offered by Benjamin F. Edwards & Company, Inc.

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, Inc. 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, Inc.

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. 

What to Watch Out For

Advisors can earn additional compensation through certain investment products and services. This can incentivize them to recommend products and services that earn them such compensation, even if such products don’t serve a client’s best interest. However, the firm’s fiduciary duty ensures that advisors prioritize client needs over their own.

Disclosures

The firm has six disclosures listed on its firm brochure. Most recently, the U.S. Securities and Exchange Commission (SEC) found the firm 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. 

Opening an Account With Benjamin F. Edwards & Company, Inc.

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

Tips for Investing

  • You don’t necessarily need the help of a professional when it comes to investing. Whether you’re a passive or active investor, online brokerage services and mobile investing apps offer a few ways 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 suitable to your needs.

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

How Many Years $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
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Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

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%. This reflects the typical return on a conservative investment portfolio. 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