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Meeder Investment Management Review

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Meeder Investment Management

Managing nearly $2.8 billion in assets, Meeder Investment Management, Inc. is the parent company to three wholly owned subsidiary advisories: Meeder Asset Management, Inc. (MAM), Meeder Advisory Services, Inc. (MAS) and Meeder Public Funds, Inc. (MPF). MAM is the arm of the firm that works with individual clients.

The combined staff of 89 employees includes 26 advisors, 35 registered representatives of broker-dealers and two licensed insurance agents (some people may have more than one role). The firm is located in Dublin, Ohio, and has regional investment consultants across the country.

Meeder Investment Management Background

Robert Meeder, Sr. founded the firm in 1974, specializing in tactical investing, or what he called back then “Defensive Equity Strategy.” He still owns part of the company, along with his son Bob Meeder, who has been serving as president and CEO since 1995. Another Meeder - Susan - joined the company in 2009 and serves as chief administrative officer. Six other members of the executive team have small stakes.

What Types of Clients Does Meeder Investment Management Accept?

MAM, which advises Meeder Funds, works with individuals, families, businesses, institutions, registered investment companies, local government investment pools and qualified retirement plans who manage investments for their shareholders and participants.

Meeder Investment Management Minimum Account Sizes

The firm does not publish its minimums, but generally they depend on the investment program and platform. Terms and conditions are provided in the company’s agreements. 

Services Offered by Meeder Investment Management

MAM offers discretionary investment management services through a wrap fee program (where management, custodian and brokerage costs are bundled into one fee), Meeder Investment Portfolios (which contain Meeder Funds), Meeder Select Portfolios (which contain non-Meeder mutual or exchange-traded funds) and platforms sponsored by other financial institutions and possibly using sub-advisors. 

The firm also offers financial planning on a non-discretionary basis to individuals. Additionally, it provides retirement plan services to plan sponsors and their participants, advisory and administrative services to the Ohio local government investment pool and investment consulting services to corporations, charitable organizations, investment advisors, and state and municipal government entities. 

Meeder Investment Management Investing Philosophy

As mentioned earlier, the firm practised tactical investing before it was called that. It is still foundational to the firm’s approach. In utilizing this strategy for separately managed accounts and the Meeder Funds, MAM says that it “invests more heavily in equities when our investment models indicate that the risk/reward relationship of the stock market is positive. When the relationship turns negative, we invest defensively in fixed income securities, fixed income funds or cash products until the market turns more favorable for investors.”

Fees Under Meeder Investment Management

Like most firms, MAM collects management fees based on a percentage of the client’s assets under management (AUM). They vary, depending on the program and platform - though there is no annual management fee for Meeder Investment Portfolios (which contain Meeder Funds). Meeder Select Portfolios (MSPs) follow this tiered schedule:

AUM Annual Fee for MSPs
First $500,000 1.25%
Next $500,000 1.00%
Next $1.5 million 0.75%
Next $2.5 million 0.50%
Assets more than $5 million 0.40%

Meeder Investment Management Awards and Recognition

Most recently, U.S. News ranked Meeder Muirfield Fund (FLMFX) as No. 1 in its tactical allocation category.

In 2017, Meeder Quantex Fund (FLCGX) won the Lipper Fund Award for the third time and was called a “Best Performer” among mid-cap funds by Money magazine. 

What to Watch Out For

Some of the firm’s advisors may also be registered representatives of broker-dealers and/or insurance agents. This means they may receive commissions from third parties, which presents a conflict of interest. That said, the Securities and Exchange Commission (SEC) requires them to act as fiduciaries, which means they must put client interests before their own or their firm’s. 

Disclosures

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

Opening an Account With Meeder Investment Management

To contact Meeder Investment, call 866.633.3371 or send an email to contact@meederinvestment.com. Alternately, you can send a message via its site at http://www.meederinvestment.com/About/Advisor-Consulting. 

Where Is Meeder Investment Management Located?

The firm is located at 6125 Memorial Drive, Dublin, Ohio 43017.

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

Tips for Hiring a Financial Advisor 

  • Use SmartAsset’s five-minute matching tool to find a financial advisor who specializes in your needs. Simply answer questions about your financial situation and preferences, and the program will connect you with up to three suitable advisors in your area.
  • Ask advisor candidates to explain in plain English what their conflicts of interest are. If they are fiduciaries, they are required to provide this, but often they do this in legalese language or bury it in their printed materials. 

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