Amerivest Investment Management LLC

Amerivest Investment Management LLC

Amerivest Investment Management LLC
Last update 2020-02-07 582 Stocks (23 new)
Value $13.02 Bil Turnover 2 %
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Amerivest Investment Management LLC Profile

Amerivest Investment Management LLC is an investment management firm based out of Omaha Nebraska. The company was established in 1997 and was previously known as PFN Investment Management LLC. Amerivest Investment Management provides a variety of products and services for TD Ameritrade and currently operates as a subsidiary of Financial Passport Inc., which owns the controlling majority in the company with the minority remaining ownership split amongst key executives. The company is currently undergoing some restructuring so its current number of employees is unknown, but Amerivest Investment Management previously had over 1,300 advisors. Amerivest Investment Management utilizes fundamental and quantitative methodologies to make its investment decisions, allocating its assets in the public equity and fixed income markets on a global scale with a strong emphasis on exchange traded funds and mutual funds. The company invests most heavily in the finance sector, which alone makes up over 90% of its total asset allocations, and also invests in the health care, information technology, consumer staples, real estate, and industrials sectors to a lesser degree, among various others, in order of decreasing sector allocation. Amerivest Investment Management’s top holdings include the iShares Trust - iShares Barclays Intermediate Government/Credit Bond Fund, Vanguard Index Funds - Vanguard Value ETF, and Vanguard Index Funds Vanguard Growth ETF, each making up approximately 10% of its total holdings. The company’s top 10 holdings together make up over two thirds of its total allocations and the firm has a turnover rate of approximately 4.7%. Amerivest Investment Management holds over $9.5 billion in total assets spread across over 84,000 accounts, all of which are discretionary. Both of its total managed assets and total accounts held have been increasing in recent years with its total assets under management growing from $230 million back in 2010 to over 30 times that amount today. Amerivest Investment Management mainly caters to individuals, which alone makes up over three quarters of its client base.

Amerivest Investment Management LLC Investing Philosophy

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