Acorns Advisers, LLC (Irvine)
Acorns Advisers, LLC is a large advisory firm based in Irvine. It manages $1.15 billion of regulatory assets for 2,058,343 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Acorns Advisers provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Acorns Advisers: assets under management
The assets under management (AUM) of Acorns Advisers, LLC is $1.15 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 23831% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in exchange traded securities the most. They account for 100% of the total AUM.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Acorns Advisers, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Acorns Advisers serves?
The firm provides services to individuals and high net worth individuals. The largest group of clients of Acorns Advisers is individuals with 1,871,756 clients and $896.69 million of assets under management. Among the 9 most similar advisory firms, Acorns Advisers has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.15 billion for 2,058,343 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.
Acorns Advisers doesn't advise any private funds.
Careers at Acorns Advisers, LLC
The company employs 12 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 12 employees are registered as investment adviser representatives with the state securities authorities.
There are 1,376 people 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 receive compensation from other entities for client referrals.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 1 indirect owner.Based in Irvine
The principal office where Acorns Advisers, LLC performs its advisory services is located at 5300 California Avenue, Irvine, CA 92617, which is also the mailing address of the firm. An additional office of the firm is in Portland, OR. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 9495292488 or by fax 949-209-5813. The normal business hours are 6:30-5:30 on Monday - Friday. You can find more information about the New York firm at acornsadvisers.com.
Registered investment advisers similar to Acorns Advisers, LLC
- Gabelli Securities
- Stratton Management Company
- Summit Financial Strategies
- Hms Adviser
- Msc Adviser I
- Baml Capital Access Funds Management
- Glynn Capital Management
- Ashen Investment Management
- Row Asset Management
- Prince Street Capital Management
- Morrison Fiduciary Advisors
- Ansonborough Capital Management
- Sjp Financial Services
- Monomoy Capital Management
- Cornerstone Advisors