Axa Advisors, LLC (New York)

Axa Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Axa Advisors: assets under management

The assets under management (AUM) of Axa Advisors, LLC is $14.67 billion. The firm's AUM has grown by 146% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.71 billion in discretionary accounts and $10.96 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $370.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $255.04 thousand.

Axa Advisors has custody of $351.22 million in cash and securities for 2,280 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Axa Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Manish Agarwal serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Manish Agarwal is high net worth individuals with 16,686 clients and $9.58 billion of assets under management. Among the 8 most similar advisory firms, Axa Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $14.67 billion for 42,855 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.

Axa Advisors doesn't advise any private funds.

Careers at Axa Advisors, LLC

The company employs 5,930 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3,522 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 receive compensation from other entities for client referrals.

Manish Agarwal has been acting as President since 1 Jul 2010. Nicholas Burritt Lane joined the executive team most recently as the Director.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 11 indirect owners.

Based in New York

The principal office where Axa Advisors, LLC performs its advisory services is located at 1290 Avenue Of The Americas, New York, NY 10104, which is also the mailing address of the firm. An additional office of the firm is in Williamsville, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-314-4600. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at axa.us.com.

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