Fort Washington Investment Advisors, Inc.
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 one of the few major firms to be led by a woman. With more than $62.4 billion in assets under management (AUM), it ranks No. 1 in SmartAsset’s top financial advisor lists for Cincinnati and Ohio. It also has offices in New York and California.
Fort Washington Investment Advisors Background
Maribeth Rahe serves as president and CEO. Before joining Fort Washington Investment, 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 - and nearly 90 advisors.
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 bank and thrift institutions, charitable institutions, corporations and other business entities, corporate pension and profit-sharing plans, defined contribution plans (investment only), family offices, foundations, endowments, high-net-worth individuals and their families, insurance companies, investment companies (including mutual funds), other 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.
Fort Washington Investment Advisors Fees
Like most investment advisors, Fort Washington Investment collects management fees based on a percentage of the client’s AUM. According to a 2018 study of 1,500 firms by RIA in a Box, the average financial advisor fee is 0.95% of AUM. Below, we explore the fee schedule for Fort Washington's discretionary accounts.
|First $1 million||1.00%|
|Next $4 million||0.75%|
|More than $5 million||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.
|*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 Firm Name*|
|Your Assets||Firm Name Fee Amount|
What to Watch Out For
Fort Washington Investment had no legal or disciplinary actions in the past 10 years to disclose in its most recent SEC filings. As a subsidiary of Western & Southern Financial Group, Fort Washington Investment is affiliated with a number of insurance companies, broker-dealers, other investment advisors and other financial services companies that provide a wide range of insurance, investment and other financial service products.
Some employees may have dual roles, which can present a conflict of interest. Similarly, the firm’s role as sub-advisor to or manager of various investment vehicles may also present a conflict of interest. But the firm is bound by a 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 888-244-8167. Alternately, you can send an email via its website.
Tips for Finding the Right Financial Advisor
- Interview advisor candidates in person. It’s the best way to get a sense of how comfortable he or she makes you feel. After all, few things are more personal than your finances and you don’t want to feel self-conscious talking about your goals and dreams to the person who is helping you realize them.
- To find a local advisor, use SmartAsset’s advisor matching tool.
All information is accurate as of the writing of this article.