Data / Investment advisers / Illinois / First Trust Advisors LP
First Trust Advisors LP, Wheaton, IL: $309 billion AUM, SEC registered investment adviser
First Trust Advisors LP is an SEC registered investment adviser with its main office in Wheaton, Illinois and reports $309 billion in regulatory assets under management in its Form ADV filed April 30, 2026. Its clients include investment companies, pooled investment vehicles and high net worth individuals. It is paid through a percentage of assets under management, performance based fees and other fees. It advises 1 private fund.
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- Registration
- SEC registered investment adviser
- CRD number
- 107027
- SEC file number
- 801-39950
- SEC status
- Approved, effective October 4, 1991
- Main office
- 120 E. Liberty Drive Suite 400, Wheaton, IL 60187
- Phone
- (630) 765-8000
- Website
- ftsma.com
- Regulatory AUM
- $309,241,000,000 in the Form ADV filed April 30, 2026
- Discretionary AUM
- $232,689,000,000
- Non discretionary AUM
- $76,552,000,000
- Accounts
- 6,316
- Employees
- 542, of which 143 give investment advice
- Form of organization
- Limited Partnership
- Paid through
- a percentage of assets under management, performance based fees, other fees
- Private funds
- 1: 1 hedge fund
- Gross assets of private funds
- $53,000,000
- Other offices
- 4
- Form ADV Item 11 disclosures
- Reported: SEC or CFTC regulatory actions, self-regulatory organization actions
- Latest Form ADV filing
- April 30, 2026
- SEC record
- Investment Adviser Public Disclosure
Clients
Client types the adviser reports in Form ADV item 5.D, with the AUM it attributes to each.
| Client type | Clients | AUM |
|---|---|---|
| Investment companies | 1,954 | $297.51 billion |
| Pooled investment vehicles | 80 | $5.05 billion |
| High net worth individuals | 2,593 | $4.66 billion |
| Charitable organizations | 52 | $1.12 billion |
| Corporations or other businesses | 118 | $594 million |
| Individuals (other than high net worth individuals) | 934 | $317 million |
AUM in the SEC's monthly files
Each change in the AUM the adviser reported across the monthly SEC files held here, with the first file that shows the new value.
| First in the file of | AUM | Form ADV filed |
|---|---|---|
| April 1, 2026 | $309.24 billion | March 31, 2026 |
| December 1, 2025 | $256.33 billion | April 22, 2025 |
Other advisers in Illinois
| Adviser | City | AUM | Private funds | Source |
|---|---|---|---|---|
| Northern Trust Investments, Incorporated | Chicago | $1.25 trillion | 9 | adviserinfo.sec.gov |
| Invesco Capital Management LLC | Downers Grove | $941.02 billion | Not listed | adviserinfo.sec.gov |
| Nuveen Asset Management, LLC | Chicago | $280.48 billion | 28 | adviserinfo.sec.gov |
| L&G, Asset Management, America | Chicago | $267.16 billion | 20 | adviserinfo.sec.gov |
| Cetera Investment Advisers LLC | Schaumburg | $256.81 billion | Not listed | adviserinfo.sec.gov |
| Balyasny Asset Management L.P. | Chicago | $248.14 billion | 43 | adviserinfo.sec.gov |
| Hightower Advisors, LLC | Chicago | $198.58 billion | 1 | adviserinfo.sec.gov |
Also on SpecStream
- Investment advisers in Illinois
- Advisers with Over $100 billion in AUM
- Advisers serving investment companies
- Advisers serving pooled investment vehicles
- Advisers that manage private funds
- First Trust Advisors LP on the SEC's adviser search
Updated November 7, 2026. Read from the SEC's Form ADV data files for investment advisers. Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.