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.
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