Finding a Top Financial Advisor Firm in Cincinnati, Ohio
For investors trying to find a top financial advisor in Cincinnati, this list of the Ohio city’s top 10 firms can help narrow the field. The list is the result of SmartAsset’s dozens of hours of research into the numerous financial advisor firms that Cincinnati has to offer. To make your search even easier, we’ve laid out what you need to know about these top 10 Cincinnati firms in tables and reviews. If you need more guidance in finding a top financial advisor, SmartAsset’s financial advisor matching tool can pair you with a financial advisor near you who suits your needs.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Johnson Investment Counsel, Inc. Find an Advisor||$9,109,763,000|| |
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|2||Bartlett Wealth Management Find an Advisor||$3,578,329,800|| |
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|3||Truepoint, Inc. Find an Advisor||$2,408,519,100|| |
No mandatory account minimum
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No mandatory account minimum
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|4||RiverPoint Capital Management, LLC Find an Advisor||$2,267,745,000|| |
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|5||Wealthquest Corporation Find an Advisor||$757,873,100|| |
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|6||Simply Money Advisors Find an Advisor||$711,616,000|| |
No set account minimum
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No set account minimum
|7||Quadrant Family Wealth Advisors Find an Advisor||$582,358,900|| |
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|8||Madison Wealth Management Find an Advisor||$465,653,200|| |
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|9||Total Wealth Planning, LLC Find an Advisor||$427,115,200|| |
Varies by account type
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Varies by account type
|10||John D. Dovich & Associates, LLC Find an Advisor||$394,022,200|| |
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How We Found the Top Financial Advisor Firms in Cincinnati, Ohio
To make this list of the top 10 financial advisor firms in Cincinnati, SmartAsset first gathered all U.S. Securities and Exchange Commission (SEC)-registered firms in the city, as these firms have a fiduciary duty to act in their clients’ best interests. We then eliminated any firms from that list that did not have clean records, did not manage individual accounts or did not have financial planners on staff. After that, we sorted the remaining firms according to assets under management (AUM). The firms on this list are ranked from highest AUM to lowest.
Johnson Investment Counsel, Inc.
Johnson Investment Counsel, Inc. ranks first on our list of the top 10 Cincinnati firms because it manages by far the most assets. The fee-only firm has $9.1 billion in assets under management (AUM), which is roughly 2.5 times the AUM of the second-ranking firm on this list, Bartlett & Co. LLC.
Johnson Investment Counsel also takes the title of the biggest firm on this list. The firm has an impressive array of experience on its sizable staff of 55 advisors, with 19 certified financial planners (CFPs), 34 chartered financial analysts (CFAs), three certified trust and financial advisors (CTFAs), two certified public accountants (CPAs), two chartered alternative investment analysts (CAIAs), one certified divorce financial analyst (CDFA), one chartered financial consultant (ChFC) and one chartered life underwriter (CLU).
To be a client of Johnson Investment Counsel, you’ll need at least $500,000. A majority of the firm's clients are individuals. Typically, the firm’s clients are corporate executives, small business owners, physicians and retirees.
In 2017, Johnson Investment Counsel ranked No. 15 on Barron's list of the top 30 independent advisory firms.
Johnson Investment Counsel, Inc. Background
Johnson Investment Counsel was founded in 1965 by Timothy E. Johnson, who wanted to bring together his interest in helping people with proven theories about security analysis and portfolio management. In its decades in business, Johnson Investment Counsel says that it has steadily grown to become Ohio's largest independent wealth management firm. The firm is completely employee-owned.
Johnson Investment Counsel's services for individuals include investment management, goal-based planning, retirement planning, estate planning, insurance analysis and income tax planning. The firm also offers family office services, which include financial and income tax planning, insurance and asset protection, charitable planning, specialized lifestyle services, investment management, debt management and banking, business succession planning and estate and wealth transfer.
Johnson Investment Counsel, Inc. Investing
Johnson Investment Counsel tailors its investment advisory services to fit client's unique financial situations, objectives, time horizons, risk tolerance and liquidity needs. The firm works as a team to formulate investment strategies and manage portfolios, which allows for a blend of expertise to go into each portfolio. Johnson Investment Counsel relies on strategic and tactical asset allocation to minimize risk, and it typically uses individual stocks and bonds in its client portfolios.
Notably, tax efficiency isn't a priority for Johnson Investment Counsel when it creates its client portfolios. The firm recommends that clients consult with tax professional regarding their investments.
Bartlett Wealth Management
Bartlett Wealth Management has been in business for more than a century. Founded in 1898, this fee-only firm has by far the most years of experience out of any firm on this list. On top of its years of experience, the firm’s staff boasts an array of certifications: There are three certified financial planners (CFPs), 14 chartered financial analysts (CFAs), one chartered alternative investment analyst (CAIA), one certified public accountant (CPA), one national social security advisor (NSSA) and one accredited domestic partnership advisor (ADPA) on staff.
To be a client, you’ll need at least $500,000. Bartlett Wealth Management primarily serves high-net-worth individuals.
Bartlett Wealth Management LLC Background
Founded in 1898, Bartlett Wealth Management is completely employee-owned. The firm takes a team approach to serving its clients. Each client has a full team - which includes advisors and a client relationship associate - dedicated to their account.
That team is backed by the firm's in-house research analysts, who are responsible for identifying, analyzing and monitoring investment opportunities. Bartlett says that it "encourages an environment of critical debate" among researchers and advisors to make sure investment decisions are thoroughly assessed.
Bartlett's services include active investment management and financial planning. Its financial planning services encompass assistance with:
- Retirement planning
- Financial impact of divorce
- Managing an inheritance
- Stock option exercise
- Planning for the birth of a child or a grandchild
- Managing a large stock position
- Coping financially with an elderly parent
- Coping financially with the death of a spouse or life partner
- Planning and funding charitable contributions
- Taking advantage of an early retirement package
Bartlett Wealth Management Investing Philosophy
Bartlett Wealth Management says that it believes that wealth preservation is "more valuable than promises of big return.” Thus, it prioritizes stability when selecting investment opportunities. The firm believes that the best way to manage risk is through portfolio diversification across uncorrelated asset classes. Its investment recommendations are based off of clients' objectives and risk tolerance.
Bartlett’s investment approaches include fixed income, equity management, alternative investments, environmental, social, governance (ESG) investing and the Bartlett Fund Advantage, the firm's roster of mutual funds and ETFs.
Truepoint, Inc.’s team has an impressive number of certifications. The fee-only firm has 23 certified financial planners (CFPs) on staff, which is the most of any firm on this list. In addition, it has 13 certified public accountants, four chartered financial analysts (CFAs), two certified trust and financial advisors (CTFAs) and one chartered alternative investment analyst (CAIA).
Unlike most firms on this list, Truepoint does not have a mandatory account minimum. However, it gives suggested account minimums for each of its services to help investors decide whether the services are suited to their needs. Truepoint suggests a minimum portfolio of $3 million for its wealth management services and a minimum of $20 million for its family office services.
Truepoint, Inc. Background
Truepoint, Inc was founded in 1990 by Michael Chasnoff, the firm's current CEO. It’s 100% employee-owned.
The firm calls its comprehensive wealth management services True Wealth Management. True Wealth Management includes:
- Investment portfolio design and tax efficient management
- Financial planning
- Budgeting and cash flow planning
- Income tax planning and preparation
- Estate planning
- Insurance analysis
- Personal action plan
In addition, Truepoint offers family office services, such as generational planning and family governance, trust administration, bill paying, expense management and reporting and external account aggregation.
Truepoint, Inc. Investing Philosophy
Truepoint, Inc. describes its approach to investing as a "buy-hold-rebalance strategy." Rather than trying to time the market and suffer the high costs of active investing, Truepoint says that it instead focuses on finding a long-term strategy built around a client's objectives, long-term financial planning, low-cost funds and disciplined rebalancing.
To do this, Truepoint first works with a client to determine his or her objectives, time horizon, cash flow needs and risk tolerance. From there, Truepoint designs what it calls an “intelligent portfolio,” which is diversified by asset class to minimize volatility. Index funds are chosen based on design and total cost. The firm primarily invests its clients in mutual funds and ETFs, though it may also advise clients on private equity investments, hedge funds and institutional grade investments.
After the portfolio is created, Truepoint rebalances as appropriate to maintain portfolio risk levels and "systematize 'sell high, buy low.'"
RiverPoint Capital Management, LLC
RiverPoint Capital Management's unique services include personalized wealth management solutions for women and extensive retirement planning, with exclusive offerings for the Procter & Gamble community. The firm primarily serves high-net-worth individuals, and it requires an account minimum of $1 million, which is one of the higher account minimums on this list.
With that cost comes an array of expertise. The fee-only firm’s staff of 23 advisors includes eight certified financial planners (CFPs), nine chartered financial analysts (CFAs), three certified public accountants (CPAs) and one chartered retirement plans specialist (CRPS).
In 2017, Barron's ranked RiverPoint Capital Management the No. 1 advisor in Ohio.
RiverPoint Capital Management, LLC Background
RiverPoint Capital Management, LLC has been in business since 1995. The firm is owned by Mariner Wealth Advisors, LLC and several firm employees, including chairman and managing director Valerie Newell, managing director and chief investment officer Jeff Krumpelman and managing directors and senior wealth advisors Anthony Roberts, Pamela Schmitt, Ryan Brown, Patrick Richter and Mindy McLaughlin.
RiverPoint’s services include customized investment management, financial planning, retirement and longevity planning, estate planning and wealth management for women. In addition, the firm, which has been advising Procter & Gamble retirees for more than 25 years, offers customized services for P&G retirees that are tailored to the company’s 401(k) plan.
RiverPoint Capital Management, LLC Investing Approach
RiverPoint Capital Management, LLC takes an active approach to investing, with the goal of minimizing risk and helping clients meet their investment objectives. The firm aims to create well-diversified investment portfolios that are made up of multiple asset classes. RiverPoint bases its investment decisions on its research professionals' independent proprietary research.
Individual portfolios are tailored to clients' risk tolerance, income needs, time horizons and tax positions, all of which is laid out in clients' investment policy statements. Typically, the firm invests its clients' assets in publicly traded equity, preferred equity, mutual funds, fixed-income securities, exchange-traded funds and exchange-traded notes.
RiverPoint avoids frequent trading, though it will rebalance client portfolios to maintain the predetermined asset allocation. It will also adjust asset allocation in response to market conditions and clients' personal circumstances.
Wealthquest Corporation recommends that its clients - which include families, individuals, pension and profit-sharing plans, charitable organizations, business entities, trusts and estates - have at least $50,000. The fee-based firm’s team includes 11 certified financial planners (CFPs), two chartered financial analysts (CFAs), two certified public accountants (CPAs), one certified divorce financial analyst (CDFA), one chartered financial consultant (ChFC) and one certified fund specialist (CFS).
Wealthquest's affiliated company, Wealthquest Insurance Advisors, LLC, is a licensed insurance agency. Certain representatives of the firm act as insurance agents and recommend products on a commission basis. However, the fee-based firm is first and foremost bound by its fiduciary duty to act in clients' best interests.
Wealthquest Corporation Background
Wealthquest Corporation was formed in 2006. The firm is completely employee owned. CEO Wade Daniel and President James Lenhoff are the principal owners.
Wealthquest's services include investment management, retirement planning, estate planning, college planning, insurance evaluation, tax prep and planning, legacy planning and advanced charitable strategies. Rather than one advisor serving a client, everyone at the firm works as a team to assess and manage investment plans.
Wealthquest Corporation Financial Paths
Wealthquest Corporation’s investment management services are broken down into three different financial paths, each of which have different account minimums:
- Ascend: For clients with less than $350,000, Ascend is described as the "base camp for your financial journey." Financial planning is offered as a separate service for these investors.
- Expeditions: For clients with at least $350,000, Expeditions is aimed at investors who are facing a life transition or who need guidance through key decisions. This service includes a financial plan, tax planning, estate planning and investment planning.
- Summit: For clients with more than $2.5 million, Summit caters to people who have achieved financial independence and who want to figure out how to manage their wealth. In addition to the offerings of Expeditions, Summit includes family legacy planning and advanced charitable strategies.
For each of these investment advisory services, Wealthquest allocates clients' assets according to their determined investment objectives. The firm primarily uses mutual funds, exchange-traded funds, structured notes, stocks, bonds, option contracts and certificates of deposit.
Simply Money Advisors
Simply Money Advisors stands out on this list because it serves a majority individuals and only a small percentage of high-net-worth individuals. The fee-based firm requires a minimum investment of $100,000 to open an account. Its team includes 11 certified financial planners (CFPs) and one accredited asset management specialist (AAMS).
Some of the firm's employees are licensed insurance agents and may recommend products. Though the firm receives additional revenue for the sale of insurance products, its financial advisors are bound by fiduciary duty to put clients' best interests first.
Simply Money Advisors Background
Simply Money Advisors has been in business as a registered investment advisory firm since 1995. The firm's principal owners are CEO Nathan Bachrach and President Edward Finke.
Simply Money Advisors describes itself as a “financial planning partner.” The firm considers a personalized financial plan the foundation to all of its services. Clients' objectives, budget and risk tolerance - all of which are out outlined in their financial plans - guide the firm's creation of client portfolios. Simply Money Advisors' independent Investment Committee and economic advisory board work together to produce market insights and make investment decisions.
Simply Money Advisors Core-Satellite Investing
Simply Money Advisors' approach to investing is called core-satellite. To achieve a strategic investment mix in its portfolio, Simply Money Advisors breaks its clients' investments into two parts. The core part is designed to protect assets and includes investments that are historically shown to be stable over the long term. The satellite portion is intended to help clients' money grow and it includes market opportunities that the firm has identified.
The firm believes that exchange-traded funds are key to achieving the goals defined in clients' financial plans, though it also uses other investments. Simply Money Advisors clients can select from an array of investment portfolios, including diversified income, balanced income, conservative income, income, conservative growth, moderate growth, growth and aggressive growth.
Quadrant Family Wealth Advisors
Quadrant Family Wealth Advisors stands apart from the other firms on this list for its notably high account minimum. To be a client of this fee-only firm, you’ll need at least $10 million. Unsurprisingly, the firm caters to high-net-worth individuals and their associated trusts, estates and other legal entities. Its clients include business owners, top executives and future generations.
With just five advisors on staff, Quadrant is the smallest firm on this list. Its staff includes three certified financial planners (CFPs) and four chartered financial analysts (CFAs).
Notably, Quadrant Family Wealth Advisors is the only firm on this list that collects performance-based fees.
Quadrant Family Wealth Advisors Background
Quadrant Family Wealth Advisors was founded in 2009. The firm is owned by Patrick A. Lafley, managing director and founding member, Patrick Rogers, chief investment strategist and John Williams, founding member and director. Quadrant owns another wealth advisor, Constellation Wealth Advisors, and the two firms share space, systems and employees.
Quadrant derived its name from a 17th-century navigational tool that was used to "measure and maintain a chartered course," the firm explains on its website. The firm says that this tool reflects "the guidance and strategy" that it gives its clients to help them grow and preserve their financial legacies.
Quadrant's primary services are customized investment management and wealth advisory services.
Quadrant Family Wealth Advisors Investing Approach
Quadrant Family Wealth Advisors works with each of its clients to create an investment profile outlining their risk tolerance and objectives. The firm gives its clients three investment strategies to choose from: growth, balanced and conservative. Clients are able to impose restrictions on the management of their account.
Typically, Quadrant invests its clients' assets in domestic and international stocks, bonds mutual funds, exchange-traded funds, separately managed accounts and alternative investments.
Madison Wealth Management
Madison Wealth Management has the second-highest account minimum on this list. To be a client of the fee-only firm, you’ll need at least $5 million.
The firm is on the smaller side, with just seven advisors on staff. Its team boasts five certified financial planners (CFPs), four chartered financial analysts (CFAs) and one chartered wealth manager (CWM).
Madison Wealth Management Background
Madison Wealth Management was founded in 2000. It's principally owned by its president, James McDermott. Four other principals at the firm - Alan Henning, Mark Hogan, Edward Kuresman and Joseph Hack - have an ownership interest.
Madison provides wealth management services, which include personal financial planning, investment management and consulting services. If requested, the firm may also advise clients on estate planning, tax planning and insurance. It says that its "specialties" include retirement planning, education planning, risk management and tax considerations.
The firm's services are customized to fit clients’ unique needs. It learns these needs through its four-step process:
- Discovery: "Listen, understand, define goals"
- Diagnosis: "Evaluate current portfolio, identify risks and opportunities"
- Proposal: "Present plan for future"
- Implement: “Establish relationship, launch custom financial plan."
Madison Wealth Management Investing Approach
Before creating an investment plan, Madison Wealth Management first strives to understand clients’ priorities, goals and aspirations. The firm devises an investment strategy for each client based on his or her objectives, income needs and tax situation.
Madison Wealth Management’s investment philosophy is grounded in asset allocation and diversification. The firm generally uses stocks, bonds, fixed-income securities, mutual funds, exchange-traded funds, closed-end funds and private partnerships.
Total Wealth Planning, LLC
Founded in 2015, Total Wealth Planning, LLC is the newest firm on this list. The firm’s team includes four certified financial planners (CFPs), one certified trust and financial advisor (CTFA), one certified public accountant (CPA), one accredited investment fiduciary (AIF) and one certified exit planning advisor (CEPA). It’s a fee-only firm.
At Total Wealth Planning, LLC, the account minimum varies by account. The lowest account minimum, for the firm's Flexible Portfolio Management, is $50,000. The highest account minimum, for its Wealth Legacy Plan, is $2 million. The firm serves both individuals and high-net-worth individuals, though individuals make up a larger percentage of the firm’s client base. The firm's clients include corporate executives, wealth-building families, retirees and business owners.
Total Wealth Planning, LLC Background
Total Wealth Planning, LLC, formerly known as DRR Partners, LLC, was formed in 2015. The firm is owned equally by Rob Siegmann, principal and chief operating officer, David Wilder, principal and chief investment officer and Rob Lemmons, principal and director of financial planning.
Total Wealth Planning tailors its services according to clients' goals and objectives. It offers its clients three levels of wealth management services:
- Wealth Foundation Plan: An investment management and goal-setting program designed to help investors accumulate and preserve wealth to achieve financial security and independence
- Wealth Advancement Plan: A comprehensive plan that goes beyond investment services to also include comprehensive financial planning, including insurance analysis, tax reduction planning and estate planning
- Wealth Legacy Plan: A plan that combines the expertise of wealth, legal and business planning professionals to maintain and preserve family assets
As for the firm’s financial planning services, Total Wealth Planning offerings include college planning, risk management, charitable giving, tax planning and estate planning. For business owners, Total Wealth Planning offers business planning, including a comprehensive plan for business owners who are planning to sell their businesses.
The firm offers a free initial conversation to potentially interested investors.
Total Wealth Planning, LLC Investing Approach
Total Wealth Planning, LLC says that its investing approach is to "win by not losing." The firm's investment philosophy is centered on modern portfolio theory, which focuses on managing risk by diversifying across multiple asset classes.
Total Wealth Planning strives to minimize volatility by investing in low cost, institutional shares of mutual funds, exchange-traded funds and, sometimes, customized structured products. The firm uses opportunistic profit taking, tax-loss harvesting and rebalancing among asset classes to create wealth. The exact structure and strategy for specific client portfolios depends on that client's individual goals, time horizon, cash flow needs and risk tolerance.
John D. Dovich & Associates, LLC
John D. Dovich & Associates, LLC, the final firm on our list of the top 10 Cincinnati firms, has the second-lowest account minimum on this list. You’ll need just $250,000 to become a client. The firm primarily serves individuals, though high-net-worth individuals do account for a small percentage of the firm’s client base.
John D. Dovich & Associates’ staff includes three certified financial planners (CFPs), three chartered financial analysts (CFAs), one certified public accountant (CPA), one chartered financial consultant (ChFC) and one chartered life underwriter (CLU).
Notably, this is one of three fee-based firms on the list. The firm's founder is a registered representative of a broker-dealer, and he may earn commissions from providing brokerage services and implementing securities transactions. Certain employees of the firm are also licensed insurance agents, and they receive additional compensation for providing insurance advice. While both of these outside affiliations have the potential to create possible conflicts of interests, the firm is bound by its fiduciary duty to first and foremost act in clients' best interests.
John D. Dovich & Associates, LLC Background
John D. Dovich & Associates, LLC was formed in 1987 on the notion that "small is good." The firm says that it's endeavored to maintain its small size over the years so it can better provide more personal service to its clients. John D. Dovich & Associates is principally owned by its founder, John D. Dovich, who is currently the firm's president.
The firm offers investment management, financial planning, business planning, education planning, retirement planning, estate planning and insurance planning.
John D. Dovich & Associates, LLC Investing
John D. Dovich & Associates, LLC practices a diversified management approach, and it takes a longer-term approach of about three to five years in the future. Though Dovich & Associates describes its approach as "conservative in nature," it will take advantage of opportunities as they arise.
Dovich & Associates crafts custom investment plans for its clients based on their financial goals, objectives and current and future financial needs, which are outlined in an Investment Policy Statement. From there, the firm's financial advisors devise a combination of mutual funds and stocks to achieve a client's goals.
Because of the firm's focus on creating diversified investment portfolios, Dovich & Associates says that it generally recommends mutual funds and stocks that are "both growth- and value-oriented as well as stocks of companies with a range of market capitalizations." For clients with less than a $1 million in assets, the firm recommends that they rely solely on mutual funds rather than individual stocks to minimize both fees and risk.