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Fort Washington Investment Advisors Review

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Fort Washington Investment Advisors Inc.

A wholly owned subsidiary of Western & Southern Financial Group, Fort Washington Investment Advisors has been in business since 1990. With more than $54.5 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.) In addition to its size, the firm stands out for being one of the few major firms to be led by a woman.

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.

What Types of Clients Does Fort Washington Investment Advisors Accept?

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.

Fort Washington Investment Advisors Minimum Account Sizes

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. This is the fee schedule for discretionary accounts.

AUM Annual Fee
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.

What to Watch Out For

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.

Disclosures

Fort Washington Investment had no legal or disciplinary actions in the past 10 years to disclose in its most recent SEC filings.

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, https://www.westernsouthern.com/fortwashington/contact/contact-form.  

Where Is Fort Washington Investment Advisors Located?

Headquarters are located at 303 Broadway, Suite 1200, Cincinnati, Ohio 45202.

The other offices are at:

  • 25825 Science Park Drive, Suite 110, Beachwood, Ohio 44122
  • The Huntington Center, Suite 1670, 41 South High Street, Columbus, Ohio 43215
  • 18 Corporate Woods Boulevard, Suite 310, Albany, New York 12211
  • 100 Pine Street, Suite 2420, San Francisco, California 94111

All information was accurate as of the writing of this article. 

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 pro matching tool. Simply answer questions about your financial situation and preferences, and the program will match you with up to three suitable advisors, vetted by us, in your area.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research