Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right
Tap on the profile icon to edit
your financial details.

Bahl & Gaynor Investment Counsel Review

Your Details Done
by Updated

This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Functioning as an entirely employee-owned and independent registered investment advisor (RIA), Bahl & Gaynor Investment Counsel is a fee-only financial advisor firm. The Cincinnati-based firm has a large team of financial advisors on staff. Although it works with a few different client types, Bahl & Gaynor mostly serves high-net-worth individuals. It generally requires a $750,000 account minimum.

The firm also appears on SmartAsset's lists of the top financial advisors in Cincinnati and top financial advisors in Ohio.

Bahl & Gaynor Investment Counsel Background

Bahl & Gaynor Investment Counsel’s co-chairmen and presidents William Bahl and Vere Gaynor opened the firm in 1990. The duo has spent an average of nearly 50 years in the financial services industry. Although Bahl and Gaynor remain the firm’s principal shareholders, several other principals at the firm now also own shares, making this a largely employee-owned business.

Bahl & Gaynor boasts such advisory certifications as a chartered financial analyst (CFA), chartered investment counselor (CIC), certified financial planner (CFP) and certified public accountant (CPA).

Bahl & Gaynor Investment Counsel Client Types and Minimum Account Sizes

Most of Bahl & Gaynor Investment Counsel’s client base is made up of high-net-worth individuals, meaning the firm deals almost exclusively with wealthy individuals and their families. However, the firm also has advisory relationships with non-high-net-worth individuals, businesses, charitable organizations, pension plans, profit-sharing plans, investment companies, insurance companies and state/municipal government entities.

In order to begin an advisory relationship with Bahl & Gaynor Investment Counsel, you must have at least $750,000 in investable assets. However, in certain situations, the firm may work with clients with lower levels of investable assets.

Services Offered by Bahl & Gaynor Investment Counsel

Bahl & Gaynor Investment Counsel combines aspects of investment management and financial planning in regard to all portfolio decisions. Here is a full list of the firm’s service offerings:

  • Investment portfolio management
    • Socially responsible investing considerations
    • Tax considerations
    • Investment goal determination
    • Time horizon, risk tolerance and liquidity needs
    • Asset allocation
    • Wealth management
    • Investment restrictions (if necessary)
  • Financial planning
    • Cash flow planning
    • Retirement planning
    • Trust services
    • Tax planning
    • Debt management
    • Education funding strategies
    • Insurance evaluation
    • Net worth statement
    • Financial goal development
    • Current investment analysis

Bahl & Gaynor Investment Counsel Investment Philosophy

Bahl & Gaynor Investment Counsel uses two overarching investment strategies depending on clients’ needs: a fixed income strategy and an equity strategy. In either case, the firm adheres to a long-term time horizon, which it specifically defines as two to five years. This is done not only because the firm believes in its investment choices, but also because it wants to keep turnover, and therefore trading costs, to a minimum.

For its equity strategy, Bahl & Gaynor aims to identify and ultimately invest in high-quality, dividend-growth companies. In its Form ADV (SEC-filed paperwork), the firm defines high-quality companies as companies that have “consistent earnings growth, low debt levels, pay and grow dividends and are market leaders.” The same general principles apply to the firm’s fixed-income strategy, only to bonds and other related investments.

Bahl & Gaynor Investment Counsel Fees

Bahl & Gaynor Investment Counsel bases its fees on a percentage of assets under management. The firm’s rates vary somewhat depending on which strategy is used in a client’s portfolio. The tables below list all potential rates with the exception of Bahl & Gaynor’s Total Return Bond strategy. This is because the firm separately negotiates fees for this strategy.

Fees for Quality Growth, Income Growth, Mid-Cap, Global Dividend Growth and Non-Strategy Specific Accounts
Portfolio Value Annual Fee
First $1,000,000 0.90%
Next $1,000,000 0.80%
Next $2,000,000 0.70%
Next $1,000,000 0.60%
Above $5,000,000 0.50%


Fees for Small-Cap and Smig-Cap Strategy Accounts
Portfolio Value Annual Fee
First $5,000,000 0.90%
Next $5,000,000 0.70%
Above $10,000,000 0.65%

The firm charges clients quarterly in arrears, and fees are based on the value of the client’s portfolio on the final day of the last quarter. The above fees do not take into account brokerage and trading costs, which clients will be responsible for.

What to Watch Out For

Bahl & Gaynor Investment Counsel has a clean legal and regulatory record, with no disclosures listed in its Form ADV.

Opening an Account With Bahl & Gaynor Investment Counsel

If you’re interested in working with Bahl & Gaynor Investment Counsel, you can contact the firm by email or over the phone at (513) 287-6100.

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

 Tips for Becoming an Investor

  • Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • If you diversify your portfolio, your chances at investing success will be brighter. This all-important investing principle calls for spreading your assets throughout completely different areas of the market so that the success of your portfolio isn’t dependent on any one investment.

How Long $1mm 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.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

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%. 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