Firm Info
Firm Size
Services Offered
- Portfolio Management for Individuals & Small Businesses
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
Primerica Advisors Overview
Primerica Advisors is a fee-based investment advisory firm headquartered in Duluth, GA. The firm has been in business since 2011 and is registered as a broker-dealer. As an investment advisory firm, Primerica Advisors provides its clients with investment advice and portfolio management services primarily for individuals and small businesses. Primerica Advisors operates on a fee-based structure, meaning that clients will pay the firm for its advice and services. This ensures that the advisors are incentivized to act in their clients' best interests and make recommendations that are in line with their investment goals. The firm's experienced advisors use their expertise to help clients make informed investment decisions that align with their long-term financial objectives. With a focus on portfolio management, Primerica Advisors offers a suite of investment strategies and services designed to help clients grow and protect their wealth. Whether it's for retirement, college savings, or other financial goals, the firm's advisors work closely with clients to create tailored investment plans that meet their unique needs. Overall, Primerica Advisors is a reputable and reliable investment advisory firm that provides clients with the tools, resources, and guidance they need to achieve their financial goals.
PRIMERICA ADVISORS serves a diverse range of clients, including individuals, high net worth individuals, charitable organizations, and other types of corporations. They prioritize delivering tailored financial solutions to meet each client's unique needs and goals. The firm's fee structure varies depending on the scope and complexity of the services provided. They offer the percentage of assets under management (AUM) fee structure, which is common in the financial planning industry. This fee structure charges a percentage of the total assets managed as compensation for the advisory services provided. PRIMERICA ADVISORS views fee transparency as crucial, ensuring that clients fully understand the value and cost of the services provided. They strive to build long-term relationships with their clients, providing comprehensive financial planning and investment management services.
Typical Clients, Fee Structures & Investment Minimum
According to PRIMERICA ADVISORS' Part 2 Brochure, the firm does not mention any specific investment minimums. Therefore, it is unclear what the minimum investment requirement is for this firm. Potential clients would need to contact PRIMERICA ADVISORS directly or look for further information from other sources to determine if they meet the minimum investment requirements.
How This Office Can Help Dania Beach, FL Residents
Primerica Advisors assists clients in Dania Beach, FL by providing a range of financial services and solutions. With years of industry experience, the team of financial advisors at Primerica Advisors is well-equipped to help clients navigate the complexities of the financial world, offering guidance on everything from retirement planning and life insurance to debt consolidation and investment strategies. Residents of Dania Beach, FL may face a variety of financial challenges, including navigating large amounts of debt, planning for retirement, and ensuring that they have adequate insurance coverage. Primerica Advisors works closely with clients to create a personalized financial plan that addresses their unique needs and goals. By taking a holistic approach to financial planning, the team at Primerica Advisors helps clients achieve financial stability and peace of mind.
Services Offered by Primerica Advisors
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Primerica Advisors most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Primerica Advisors is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Virgin Islands
Disciplinary History
Primerica Advisors does not have any disclosures. Please visit it's Form ADV for more details.