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FIRST TRUST ADVISORS LP
CRD 107027File 801-39950
APPROVED
Retail clients
Custody
Disclosure events
Filing as of Apr 30, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$309.24B
Top 10% of cohort (national)
Discretionary AUM
$232.69B
Non-discretionary $76.55B
Clients
5,731
6,316 accounts
Employees
542
Top 10% of cohort in IL
Identity & registration
ADV Item 1- Organization form
- Limited Partnership
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Oct 4, 1991
- Principal office
- 120 E. LIBERTY DRIVE, SUITE 400, WHEATON, IL, 60187
- Phone
- 630-765-8000
- Website
- HTTPS://WWW.FTSMA.COM
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $309.24B
- Discretionary AUM
- $232.69B
- Non-discretionary AUM
- $76.55B
- Discretionary accounts
- 4,682
- Non-discretionary accounts
- 1,634
- Total accounts
- 6,316
- AUM per client
- $54.0M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 118 | $594.0M |
| Investment companies | 1,954 | $297.51B |
| Charitable organizations | 52 | $1.11B |
| High net worth individuals | 2,593 | $4.66B |
| Pooled investment vehicles | 80 | $5.05B |
| Individuals (other than high net worth individuals) | 934 | $317.0M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Other
- Other (described) — FIXED FEES PER UNIT (UITS) FOR PORTFOLIO SUPERVISORY SERVICES
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Publications
- Selection of other advisers
- Portfolio management for businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- No
- Related Person Custody Cash
- Yes
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11- Q11
- Q11C2
- Q11C5
- Q11E2
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 520 | 542 | increased by22 |
| Apr 1, 2026 | Clients | 5,033 | 5,731 | increased by698 |
| Apr 1, 2026 | AUM | $256,328,000,000 | $309,241,000,000 | increased by$52,913,000,000 |
| Apr 1, 2026 | Accounts | 5,033 | 6,316 | increased by1,283 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 535 | 520 | decreased by15 |
| May 1, 2025 vs Oct 1, 2022 | Disclosures | No | Yes | |
| May 1, 2025 vs Oct 1, 2022 | Custody | No | Yes | |
| May 1, 2025 vs Oct 1, 2022 | Clients | 3,363 | 5,033 | increased by1,670 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $223,555,000,000 | $256,328,000,000 | increased by$32,773,000,000 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 3,363 | 5,033 | increased by1,670 |
| Apr 1, 2022 | Employees | 560 | 535 | decreased by25 |
| Apr 1, 2022 | Clients | 3,304 | 3,363 | increased by59 |
| Apr 1, 2022 | AUM | $171,578,000,000 | $223,555,000,000 | increased by$51,977,000,000 |
| Apr 1, 2022 | Accounts | 3,306 | 3,363 | increased by57 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “FIRST TRUST” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“FIRST TRUST” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.