Scottrade Investment Management, Inc. is a large advisory firm based in Saint Louis. It manages $2.3 billion of regulatory assets for 20,396 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Scottrade Investment Management provides portfolio management for individuals and small businesses and advisor access by scottrade investment management referral program. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Scottrade Investment Management, Inc. is $2.3 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 26142% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Scottrade Investment Management, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Erik W Merkau is individuals with 13,050 clients and $1.56 billion of assets under management. Among the 6 most similar advisory firms, Scottrade Investment Management has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $2.3 billion for 17,100 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Scottrade Investment Management doesn't advise any private funds.
The company employs 300 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 300 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Erik W Merkau has been acting as President since 1 Oct 2013. Stephen John Boyle joined the executive team most recently as the Chief Financial Officer.
The principal office where Scottrade Investment Management, Inc. performs its advisory services is located at 700 Maryville Centre Drive, Saint Louis, MO 63141, which is also the mailing address of the firm. An additional office of the firm is in Westminster, CO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 314-965-1555 or by fax 314-205-2944. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at scottradeinvestmentmanagement.com.