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Cincinnati Asset Management Review

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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.

Cincinnati Asset Management, Inc. (CAM) is a large financial advisor firm that boasts nearly $3 billion in assets under management (AUM). As you can likely infer from the firm's name, it's headquartered in Cincinnati, Ohio. CAM does not provide financial planning services, as it instead only offers portfolio management. The firm works with a wide range of clients, both on the institutional and individual level.

CAM is a fee-only firm, which means all of its compensation comes from client-paid fees.

Cincinnati Asset Management Background

Cincinnati Asset Management was founded in the city of Cincinnati in 1989. It has been in business providing portfolio management services ever since. William S. Sloneker, the firm's chairman and managing director, is its principal owner. He, along with two family members, own nearly half of the firm.

Of the portfolio managers at the firm, several hold financial certifications, such as chartered financial analyst (CFA), certified investment management analyst (CIMA) and chartered alternative investment analyst (CAIA)

Cincinnati Asset Management Client Types and Minimum Account Sizes

Cincinnati Asset Management's client base includes both institutional and individual clients. When it comes to individuals, however, the firm only works with high-net-worth individuals. Institutional clients that currently work with the firm include pension and profit-sharing plans, charitable organizations, state and municipal governments, a handful of insurance companies and corporations.

The minimum account size at CAM varies based on the type of account you open. They go as follows:

  • Investment-Grade, Investment-Grade Corporate Bond ESG Aware, ESG Leaders and High Yield Strategies: $100,000
  • Broad Market Strategy: $300,000
  • Short Duration Strategies: $250,000
  • Combined Strategies: $200,000
  • Enhanced High-Yield Strategy: $500,000

Certain wrap fee programs may require other minimums.

Services Offered by Cincinnati Asset Management

Cincinnati Asset Management provides its clients with portfolio and asset management services. It notably does not provide financial planning and financial consulting services to its clients, though. All assets are managed on a discretionary basis, and the firm offers some wrap fee programs if clients are interested in such an arrangement. For reference, a wrap fee program combines all advisory, custodial and transactional fees into a single rate.

Portfolios managed by CAM tend to consist mainly of fix-income securities and bonds. Clients can also utilize a number of specific investment strategies and model portfolios, such as:

  • Investment Grade
  • High-Yield
  • Enhanced High-Yield
  • Short Duration
  • Broad Market
  • Combined
  • Short Duration Investment-Grade
  • Short Duration High-Yield Only
  • Investment Grade Corporate Bond
  • ESG Aware and ESG Leaders

Cincinnati Asset Management Investment Philosophy

Cincinnati Asset Management works with clients to determine their investment objectives so that portfolio managers can create plans that reflect the needs of each client. The firm develops an advisory agreement with new clients that details the extent of their services. This may also include information about the sepcific types of management styles or model portfolios that will be used. Clients may also impose restrictions on how their assets are managed.

Different strategies and models are comprised of varying types of investments and allocation percentages. Capital preservation is a key, overarching goal of every strategy, though.

Fees Under Cincinnati Asset Management

Fees for asset management services at Cincinnati Asset Management are charged based on a percentage of each client's total AUM. Specific fee schedules vary based on the specific model portfolio or strategy the firm uses to manage a client's assets.

High-Yield Corporate Bond Fee Schedule
Portfolio Value Base Fee
Under $250K 0.75%
$250K - $500K 0.75%
$500K - $1MM 0.60%
$1MM - $5MM 0.55%
$5MM - $10MM 0.50%

 

High-Yield Enhanced Fee Schedule
Portfolio Value Base Fee
$500K - $1MM 0.60%
$1MM - $5MM 0.55%
$5MM - $10MM 0.50%

 

Investment-Grade Corporate Bond Fee Schedule
Portfolio Value Base Fee
Under $1MM 0.30%
$1MM - $10MM 0.275%
$10MM - $25MM 0.20%

 

Broad Market Corporate Bond Fee Schedule
Portfolio Value Base Fee
$300K - $500K 0.45%
$500K - $1MM 0.45%
$1MM - $5MM 0.425%
$5MM - $10MM 0.35%

 

Short Duration Strategy Fee Schedule
Portfolio Value Base Fee
$250K - $500K 0.30%
$500K - $1MM 0.30%
$1MM - $5MM 0.27%
$5MM - $10MM 0.24%

 

Short Duration High-Yield Only Fee Schedule
Portfolio Value Base Fee
$250K - $500K 0.45%
$500K - $1MM 0.45%
$1MM - $5MM 0.425%
$5MM - $10MM 0.40%

 

Short Duration Investment-Grade Fee Schedule
Portfolio Value Base Fee
First $1MM 0.25%
Next $9MM 0.20%

The Investment Grade Corporate Bond – ESG Aware strategy carries a flat 0.25% annual fee, and the ESG Leaders strategy carries a flat 0.27% annual fee. When strategies are blended, the firm charges an annual fee based on the weighted fees for the blend.

What to Watch Out For

Cincinnati Asset Management has a clean legal and regulatory record in the eyes of the U.S. Securities and Exchange Commission (SEC).

Note that this firm does not offer financial planning services. So if you need help planning for retirement, building out an estate plan or prepping your taxes, you'll need to look elsewhere.

Opening an Account With Cincinnati Asset Management

If you're interested in becoming a client of Cincinnati Asset Management, go to the firm's website and submit a contact form. You can also visit the firm in person at its Cincinnati office or call (513) 554-8500 if you prefer working over the phone.

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

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How Long $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 We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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 metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. 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.