First Trust Advisors LP is an SEC registered investment adviser organized as a limited partnership with a primary office location in Wheaton, IL. Its latest Form ADV filing, dated April 30, 2026, reports $309.2B in regulatory assets under management, 542 employees, 4 offices, and 6,316 accounts.
Assets Under Management
$309.2B
Employees
542
Offices
4 offices
Total Clients
5,731
Primary office
WHEATON, IL
120 E. LIBERTY DRIVE, SUITE 400, WHEATON, IL, United States
Portfolio management for individuals and small businesses
Portfolio management for investment companies
Fee models offered
3 types reported
Asset based fees
Other fee arrangements
Performance-based fees
Sources checked May 13, 2026
Client Coverage Demographics
Top client segmentHNWI represent 45.2% of total clients.
Top client categories% of clientsClients
1
HNWI
45.2%
2,593
2
Investment Cos.
34.1%
1,954
3
Individuals
16.3%
934
4
Corporations
2.1%
118
5
Pooled Investment Vehicles
1.4%
80
Regulatory Assets Under Management Breakdown
Total regulatory assets under management$309.2Bas of April 30, 2026
Discretionary75.2%
$232.7B
75% of total RAUM75.2%
Non-discretionary24.8%
$76.6B
25% of total RAUM24.8%
Regulatory assets under management are split between discretionary and non-discretionary assets.
Assets under management Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total AUM$309.2B
Total Accounts6,316
10Y AUM Change+$210.3B (+212.4%)
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Employee Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total Employees542
Clients per Employee11:1
10Y Employee Change+107 (+24.6%)
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Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.
* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.