First Trust Advisors LP
Registered investment adviser · Wheaton, IL · CRD #107027
Form ADV data as of 2026-09-01Regulatory assets
$309.24 billion
Total accounts
6,316
Employees
542
Disclosure events
4
Firm details
- Website: https://www.ftsma.com
- Telephone: 630-765-8000
- SEC file number: 801-39950
- Most recent Form ADV filing: 2026-04-30
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 3 disclosure questions answered Yes, covering 4 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- SEC or CFTC found a violation of its regulations or statutes
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
- A self-regulatory organization found a violation of its rules
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $232.69 billion |
| Non-discretionary regulatory assets under management | $76.55 billion |
| Total regulatory assets under management | $309.24 billion |
| Discretionary accounts | 4,682 |
| Non-discretionary accounts | 1,634 |
| Total accounts | 6,316 |
| Regulatory assets under management attributable to non-U.S. persons | $5.00 billion |
People
| Total employees (excluding clerical) | 542 |
| Employees performing investment advisory functions (including research) | 143 |
| Employees who are registered representatives of a broker-dealer | 152 |
| Employees registered as investment adviser representatives with a state | 96 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 0 |
Custody
| Has custody of client cash or bank accounts | No |
| Has custody of client securities | No |
| A related person has custody of client cash or bank accounts | Yes |
| A related person has custody of client securities | Yes |
| Client funds and securities held in a related person's custody | $53.0 million |
| Clients for whom a related person has custody | 64 |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 1 |
How the firm is compensated
Advisory services offered
Other business activities
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys securities from or sells securities to advisory clients (principal transactions)
- Buys or sells for itself securities it also recommends to clients
- Recommends securities in which it has another proprietary interest
- Recommends securities in which it has another sales interest
- Recommends brokers or dealers to clients
- Provides employee compensation specifically for obtaining clients
- Receives compensation from others for client referrals
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 934 | $317.0 million |
| High net worth individuals | 2,593 | $4.66 billion |
| Investment companies | 1,954 | $297.51 billion |
| Pooled investment vehicles (other than investment companies and BDCs) | 80 | $5.05 billion |
| Charitable organizations | 52 | $1.11 billion |
| Corporations or other businesses not listed above | 118 | $594.0 million |