The FIRST TRUST ADVISORS GROUP is a privately held investment adviser that advises $391.63Bn in regulatory assets under management held in 6 SEC fund types across 8 investment strategies. FIRST TRUST ADVISORS GROUP is a Public Fund A public fund manager is a manager whose >=75% of total assets under management are in public funds (broadly accessible, exchange-listed investment vehicles available to retail investors with typically low minimums and clear, widely available information) Manager. Assets increased by 104.94% over the last 5-years.
The Group has been registered with the SEC for 34.85 years and is comprised of 7 filing and 1 relying advisers. They operate out of 13 office locations with their Headquarters at 120 E. LIBERTY DRIVE SUITE 400, WHEATON, ILLINOIS. The Group has been subject to regulatory enforcement actions. They are regulated by 13 US and Non-US bodies.
They have 732 employees comprised of 206 investment and 526 non-investment staff. The total number of Employees increased by 12.1% over the last 5-years.
Their $391.63Bn in assets advised are owned by 124 private funds, 2,143 public funds and BDCs and 209 other accounts. Assets of Investment Companies (IC) clients own $372.27Bn or 95.06% of Total Assets and Pooled Investment Vehicles (Not IC or BDC) own $10.38Bn or 2.65% of Total Assets.
The Group's top investment strategies include Long/Short Equity, Multi Strat and FI/Credit - Diverse, representing 61.62%, 23.07% and 13.38% of total assets, respectively.
They advise 9 types of clients, top clients are Investment Companies (IC) and Pooled Investment Vehicles (Not IC or BDC).
The Group uses 9 Fund Administrators, 6 Fund Auditors, 5 Prime Brokers, 18 Custodians and 12 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses advisory fees, fixed fees, management fees and performance-based fees.
FIRST TRUST ADVISORS GROUP names 5 sub-advisers AARON WEALTH ADVISORS, CHICAGO PARTNERS INVESTMENT GROUP LLC, DESTINY WEALTH PARTNERS, LLC, PARK SHORE PARTNERS LLC, REHMANN WEALTH to 5 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.