Benjamin F. Edwards &: AUM & Ownership

Clients

Benjamin F. Edwards & serves 33,057 clients, 32,288 of them other individuals. The average client has about $572,000 with the firm, and high-net-worth clients hold 13% of its $18.9 billion in assets.

Regulatory assets by client type

Individuals32,288 clients82%
High-net-worth individuals244 clients13%
Corporations and other businesses226 clients3%
OtherPension and profit-sharing plans, Charitable organizations, Other2%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Individuals (other than HNW)	32,288	$15,548,600,940	82.2%	$482K
High-net-worth individuals	244	$2,458,766,402	13.0%	$10.1M
Pension and profit-sharing plans	203	$149,684,406	0.8%	$737K
Charitable organizations	96	$187,337,009	1.0%	$1.95M
Corporations and other businesses	226	$570,127,495	3.0%	$2.52M
Other	0	$690,058	0.0%	—
Total	33,057	$18,915,206,310	100%	$572K

Individuals (other than HNW)

Clients: 32,288
Regulatory AUM: $15,548,600,940
Share: 82.2%
Avg. per client: $482K

High-net-worth individuals

Clients: 244
Regulatory AUM: $2,458,766,402
Share: 13.0%
Avg. per client: $10.1M

Pension and profit-sharing plans

Clients: 203
Regulatory AUM: $149,684,406
Share: 0.8%
Avg. per client: $737K

Charitable organizations

Clients: 96
Regulatory AUM: $187,337,009
Share: 1.0%
Avg. per client: $1.95M

Corporations and other businesses

Clients: 226
Regulatory AUM: $570,127,495
Share: 3.0%
Avg. per client: $2.52M

Other

Clients: 0
Regulatory AUM: $690,058
Share: 0.0%
Avg. per client: —

Total

Clients: 33,057
Regulatory AUM: $18,915,206,310
Share: 100%
Avg. per client: $572K

What it does

Benjamin F. Edwards & provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers and educational seminars. It is paid through a percentage of assets, hourly charges and fixed fees.

Benjamin F. Edwards & provided financial planning to 1–10 clients last fiscal year and advises no private funds.

67.5% of assets ($12.77B across 43,163 accounts) are managed with discretion; $6.15B across 12,260 accounts are not. $18.92B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 23 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks43%
- Exchange-traded equities42%
- Non-exchange-traded equities1%
Funds49%
Bonds4%
- State and local bonds3%
- U.S. government and agency bonds1%
Cash4%

Custodians

Benjamin F. Edwards &’s client accounts are held mainly at Pershing, with 100% of managed assets. Benjamin F. Edwards & has custody of $10.06B for 21,073 clients.

Managed account assets by custodian

PershingPershing LLC · Jersey City, NJ · $18.90B100%
All other custodians$10.5M0%

Ownership and leadership

Benjamin Edwards, Inc. owns 75% or more of Benjamin F. Edwards &, and Benjamin Franklin IV Edwards is its CEO.

Who owns the firm

Benjamin F. Edwards & Company, Incorporated· the adviser

Benjamin Edwards, Inc.
Control person · since October 2008
Owns 75% or more of Benjamin F. Edwards & Company, Incorporated

Leadership

Benjamin Franklin IV Edwards
Chairman/Chief Executive Officer, President
Thomas Hayden JR Martin
Director/Chief Financial Officer
Matthew Paul Muckler
Chief Compliance Officer, Advisory
Katelyn Clare Stevens
Chief Compliance Officer, Brokerage
Todd Heinrich Brandstadt
Director/Director of Branches
Benjamin Franklin Edwards
Director/Assistant Director of Branches
Brooke Danielle Eggleston
Director/Chief Human Resource Officer
Christopher M Keller
Director/Director of Business Services
Douglas David Rubenstein
Director/Senior Advisor to the Chairman
Gwendolyn Taylor
Director/Chief Legal Counsel
Christopher Mark Whiting
Director of Financial Strategies Group
Billy Joe Wisdom
Director/Director of Regulatory & Oversight Services

Staff

755 employees
450 in advisory functions
450 state-registered reps
545 broker-dealer reps
376 insurance agents
1 soliciting firm

Fees

Benjamin F. Edwards & is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).

Benjamin F. Edwards &’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Benjamin F. Edwards & has 100 offices, with 26 listed addresses across 15 states.

Listed office addresses by state

Missouri · 2 listed addresses

One North Brentwood Boulevard, Suite 850, ST. LouisHQ
One North Brenbtwood BLVD, Clayton

Other business names

Benjamin F. Edwards & has reported 1 other business name to the SEC.

Benjamin F. Edwards

Registration details

Legal name: Benjamin F. Edwards & Company, Incorporated
Headquarters: One North Brentwood Boulevard, Suite 850, ST. Louis, MO 63105
Phone: 314-726-1600
Website: www.benjaminfedwards.com
SEC file: 801-71421
Structure: Missouri corporation
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Benjamin F. Edwards & have?

Benjamin F. Edwards & has 33,057 clients and manages $18.9 billion for them, as of September 2026. They include 32,288 other individuals, 244 high-net-worth individuals and 226 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 September 2026

What services does Benjamin F. Edwards & offer?

Benjamin F. Edwards & provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers and educational seminars.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Benjamin F. Edwards & use?

Benjamin F. Edwards &’s separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $18,904,727,986. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 September 2026

How many financial advisors does Benjamin F. Edwards & have?

Benjamin F. Edwards & has 450 investment adviser representatives registered with state securities authorities, out of 755 employees, and 450 perform investment advisory functions. 545 are registered representatives of a broker-dealer and 376 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Benjamin F. Edwards & invest in?

At the end of its last fiscal year, Benjamin F. Edwards &’s separately managed accounts held 49% registered funds (mutual funds, ETFs, BDCs), 42% exchange-traded equities, 4% cash and equivalents, 3% state and local bonds, 1% non-exchange-traded equities and 1% U.S. government and agency bonds. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Benjamin F. Edwards &?

Benjamin F. Edwards &’s direct owner is Benjamin Edwards, Inc. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 21 September 2026

How does Benjamin F. Edwards & get paid?

Benjamin F. Edwards & is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file