A wholly owned subsidiary of Western & Southern Financial Group, Fort Washington Investment Advisors has been in business since 1990. In addition to its size, the firm stands out for being led by a woman, president and CEO Maribeth Rahe. With tens of billions in assets under management (AUM), it ranks in the top spot on SmartAsset’s lists of the top financial advisors in Cincinnati and top financial advisors in Ohio. The firm has even made SmartAsset's list of the top financial advisors in the U.S.
As a fee-based firm, certain on-staff advisors here can receive commissions from the sale of insurance products in addition to client-paid fees. A fee-only firm, on the other hand, avoids third-party compensation altogether.
Fort Washington Investment Advisors Background
Maribeth Rahe serves as president and CEO of Fort Washington Investment Advisors. Before joining the firm, Rahe was president and a board member of the U.S. Trust Company of New York and vice chair of the board of The Harris Bank in Chicago. At Fort Washington Investment, she oversees three business units - institutional, private equity and private client group.
The firm has four principal shareholders: Western & Southern Mutual Holding Company, Western & Southern Financial Group, The Western and Southern Life Insurance Company and Western & Southern Investment Holdings, LLC. About a dozen members of the executive team and the board have small stakes.
Fort Washington Investment Advisors Client Types and Minimum Account Sizes
Fort Washington Investment serves high-net-worth individuals and their families, charitable organizations, corporations, corporate pension and profit-sharing plans, family offices, foundations, endowments, insurance companies, investment companies, pooled investment vehicles, private investment funds, state and municipal government entities and Taft-Hartley plans.
While the minimum requirements for institutional clients range from $500,000 to $50 million, depending on the investing strategy, the minimum investment for private clients is $500,000.
Services Offered by Fort Washington Investment Advisors
For its private clients, Fort Washington Investment provides wealth management, financial planning and investment advisory services. Advisors may recommend proprietary investment strategies or external, independent money managers. Select Fort Washington Investment employees who are licensed insurance agents may also offer insurance products, including those of affiliates.
For its institutional and private equity clients, the firm provides investment strategies through separately managed accounts, commingled and affiliated mutual funds or private funds. The firm may also serve as a sub-advisor to other advisors, third-party accounts, certain open-end mutual funds, model portfolios and Undertakings for the Collective Investment of Transferable Securities (UCITS).
Fort Washington Investment Advisors Investing Philosophy
The firm offers an array of investing strategies, including public equity, private equity, fixed-income and multi-strategy. Generally, it may apply fundamental, technical and quantitative methods of analysis. Also, it may use long-term purchases, short-term purchases, short sales, options and derivatives.
Fees Under Fort Washington Investment Advisors
Like most investment advisors, Fort Washington Investment collects management fees based on a percentage of the client’s AUM. Below, we explore the fee schedule for Fort Washington's individual accounts:
|Fort Washington Investment Advisors Fee Schedule|
|More than $5,000,000||0.50%|
For non-discretionary accounts, the firm generally charges an annual $500 fee. The firm generally considers financial planning a part of its wealth management services and does not charge extra for it. Clients who are only receiving financial planning will be charged a flat or an hourly based fee. Fees are billed quarterly, in advance.
Here's a breakdown of what you could pay in advisory fees at Fort Washington:
|*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.|
|Estimated Investment Management Fees at Fort Washington Investment Advisors*|
|Your Assets||Fort Washington Investment Advisors Fee Amount|
What to Watch Out For
Fort Washington Investment Advisors has no legal or regulatory disclosures listed on its SEC-filed Form ADV.
Some employees may be able to sell insurance products for a commission, which can present a potential conflict of interest. However, the firm is bound by fiduciary duty to put clients’ interests first and can be legally held to this standard.
Opening an Account With Fort Washington Investment Advisors
To contact Fort Washington Investment, call (513) 361-7600. Alternately, you can fill out the contact form on the firm's website.
All information is accurate as of the writing of this article.
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