Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Equitable Advisors, LLC Overview
Equitable Advisors, LLC is a fee-based registered investment advisory firm that has been in business since 1978. Headquartered in New York, NY, this broker-dealer provides investment advice to individuals and small businesses, as well as businesses or institutional clients. Their services include financial planning, portfolio management, pension consulting services, and selection of other advisors. They also offer educational seminars and workshops to help clients stay informed and up-to-date on investment strategies and market trends. With a focus on providing high-quality financial solutions, Equitable Advisors, LLC is dedicated to helping clients achieve their financial goals. Their team of experienced advisors works closely with clients to create customized investment strategies tailored to their unique needs and objectives. They specialize in portfolio management for individuals and small businesses, as well as large businesses and institutional clients, providing a range of pension consulting services designed to help clients secure their financial future. Equitable Advisors, LLC is committed to providing their clients with the tools and resources needed to make informed investment decisions. Whether through educational seminars and workshops or individual consultations with a trusted advisor, they strive to empower clients to achieve financial success and build a sound financial future. With more than four decades of experience in the industry, they have a proven track record of delivering exceptional results and exceeding client expectations.
EQUITABLE ADVISORS, LLC serves a broad range of clients, including individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and other corporations not listed. The firm has a wealth of experience and expertise in providing customized financial advisory and investment solutions for its clients. Equitable Advisors, LLC recognizes that each client is unique and has different financial goals and aspirations, which is why it offers a wide range of services to meet their various needs. The firm offers various fee structures depending on the service provided. These include a percentage of Assets Under Management (AUM), hourly rates, and fixed fees. The percentage of AUM structure is typically used for clients who seek ongoing investment management services. This structure allows the client to pay a percentage of their total investment assets, which goes towards their advisor's compensation. Hourly rates are usually charged for clients who require financial planning services or for one-time projects such as retirement income planning. Fixed fees are typically charged for clients who require a specific service such as estate planning or tax preparation. With the wide range of fee structures available, Equitable Advisors, LLC is committed to providing flexible and transparent options to cater to the diverse needs of its clients.
Typical Clients, Fee Structures & Investment Minimum
According to Equitable Advisors, LLC's Part 2 Brochure, their investment minimum varies depending on the program chosen through its promoter, Flexible Plan Investments. The minimum account sizes for these programs range from $5,000 to $25,000. Therefore, investors must be prepared to invest at least one of these amounts in order to participate in Equitable Advisors' investment offerings.
How This Office Can Help Erie, PA Residents
Equitable Advisors is committed to helping clients in Erie, PA navigate the often complex world of personal finance. With expertise in a wide range of financial services, Equitable Advisors offers a customized approach to financial planning that takes into account each client's unique needs and goals. Some of the financial situations that individuals living in Erie, PA might be facing include retirement planning, estate planning, college savings, and risk management. Equitable Advisors can help clients plan for retirement by analyzing their current financial situation, assessing their retirement goals, and developing a personalized plan to help them achieve their goals. This might include strategies like maximizing contributions to retirement accounts or investing in tax-advantaged savings vehicles. Similarly, Equitable Advisors can help clients plan for the cost of college by recommending savings strategies and investment vehicles that can help them meet the rising cost of education. Finally, Equitable Advisors can help clients manage risk by assessing their risk profile and recommending appropriate insurance and investment strategies to protect their financial well-being.
Services Offered by Equitable Advisors, LLC
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 Equitable Advisors, LLC 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.
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.
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.
Unavailable
Subscription (Newsletter or Periodical)
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
Equitable Advisors, LLC 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
- 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
Equitable Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.