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Guggenheim Partners Investment Management Review

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Guggenheim Partners Investment Management, registered in 2006, serves 53 state(s) with a licensed staff of 8 advisors. Guggenheim Partners Investment Management manages $231.2 billion and provides investment advisory services for 235 clients (1:30 advisor/client ratio).



Firm Information


Summary Firm
Minimum Investment Ask firm
Average Client Balance $983,871,176
Total AUM $231.2 billion
Fee Range Ask firm
Advisor / Client Ratio 1:30
Languages Offered Ask firm
Specialities Ask firm
Website Visit Site
Phone Number 310-576-1270
Headquarters Santa Monica, CA
Locations See locations
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SEC Filings View SEC IAPD CRD #137432


Disciplinary Questions


After checking the disciplinary records of Guggenheim Partners Investment Management, our system has identified the following question(s) to ask. Learn more.


Guggenheim Partners Investment Management or an advisory affiliate was previously involved with violating a regulation or statute by a domestic or foreign court, the SEC, CFTC, or another regulatory body or commodities exchange.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


Guggenheim Partners Investment Management or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


The SEC, CFTC, or another regulatory agency has previously entered an order against Guggenheim Partners Investment Management or an advisory affiliate in connection with an investment-related activity.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


Our system found no other disciplinary questions to ask. Checks take place monthly.



Conflict Questions


After checking the regulatory records of Guggenheim Partners Investment Management, our system has identified the following question(s) to ask. Learn more.


Is Guggenheim Partners Investment Management also a Broker-Dealer or are they affiliated with one? What conflicts arise from this relationship? How does Guggenheim Partners Investment Management mitigate them?


Currently Guggenheim Partners Investment Management is also a Broker-Dealer or is affiliated with one. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds, cross-selling of commissioned insurance products, and the sale of proprietary investment products. All of these conflicts can negatively impact clients via hidden fees and overall higher costs.


Does Guggenheim Partners Investment Management offer mutual funds that have 12b-1 fees?


12b-1 fees increase the total annual cost of owning a mutual fund with no guarantee of higher returns. Some firms receive these fees as payments, which creates an incentive to promote them.


Regulatory disclosures state that Guggenheim Partners Investment Management sells proprietary investments and products. Please provide me a list of the products and a summary of how much Guggenheim Partners Investment Management earns from them.


Guggenheim Partners Investment Management recommends proprietary investments and products that could generate larger commissions than other similar non-proprietary products. This could also limit the number and diversity of investment options available to you and may impact their transferability. Do not be afraid to ask how much they will earn from the product or what other non-proprietary options are available.


Does Guggenheim Partners Investment Management offer products that have performance-based fees, or does it accept performance-based fees? Will any of my assets be invested in those products?


When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. For instance, research has shown that mutual funds that use incentive fees take on more risk that funds that do not, and tend to double down and increase their risk following a poor performance. This could be detrimental to a client during down markets.


Does Guggenheim Partners Investment Management perform side-by-side management? How does Guggenheim Partners Investment Management mitigate conflicts that arise from managing accounts with differing fee structures?


This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their retail clients.


Does Guggenheim Partners Investment Management recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Will any of my assets be invested in those products?


Guggenheim Partners Investment Management recommends securities that they may have recently taken public or otherwise have controlling interest over. This relationship could introduce bias where a firm and its advisors may push those products over others that may have a more favorable performance with which they are not affiliated.


Which securities does Guggenheim Partners Investment Management trade for itself that it will also be recommending to me?


Guggenheim Partners Investment Management has marked in their disclosures that they trade recommended securities. While this often can be seen as "eating your own cooking," there are several inherent conflicts that can arise. For example, front running is when a financial professional buys or sell securities ahead of their client. In short, any financial professional should disclose all positions they hold (or have sold short) that they will also be recommending to you.


Our system found no other conflict questions to ask. Checks take place monthly.



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Disciplinary History


An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). “Item 11 Disclosure Information” contains a list of valuable disclosures that are relevant for Americans.

As identified in SEC Form ADV Part 1, Item 11 “Disclosure Information”, the Trust Algorithm identified the following disciplinary disclosures for Guggenheim Partners Investment Management:




Cost


Unfortunately, there is no single, uniform pricing standard for working with a financial advisor. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response.

Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation").


View Fee Disclosures




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