First Allied Advisory Services, Inc. is a large advisory firm based in San Diego. It manages $5.98 billion of regulatory assets for 30,127 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
First Allied Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
First Allied Advisory Services: assets under management
The assets under management (AUM) of First Allied Advisory Services, Inc. is $5.98 billion. The firm's AUM has grown by 558% since the beginning of its operation, and $2.53 million of the total AUM is attributable to clients outside of the United States.
The firm manages $5.9 billion in discretionary accounts and $74.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $198.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $175.89 thousand.
Investments
The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 41% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.
