Rounding out its typical clientele are retirement funds, endowments, foundations and operating funds for both nonprofit and for-profit organizations, insurance companies and healthcare institutions. Meeder Asset Management primarily offers investment management through wrap fee programs and its portfolio program, which provides direct access to the company's investment funds. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. All information is accurate as of the writing of this article. However, the fee-only firm’s client base is made up of mass affluent and high-net-worth individuals. The firm’s stated areas of expertise are retirement and healthcare management for institutions and family financial management for private clients. How BBB Processes Complaints and Reviews. Our team’s singular objective is to provide you with personalized guidance that helps you reach your financial goals. The firm says that it specializes in quantitative investment analysis, which is a method of evaluating securities that uses large amounts of data and quantitative models. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional adviser of his/her choosing, including a tax adviser and/or attorney. The firm is currently employee-owned. You can also fill out the contact form on the firm's website. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. Project various retirement income scenarios. Cincinnati is home for this firm that is in the fourth spot on SmartAsset’s list of the top financial advisor firms in the city. The private client team includes four certified financial planners (CFPs), three chartered financial analysts (CFAs) and two chartered alternative investment analysts (CAIAs). Review of Allworth Financial. MAI offers general investment management for investors who don’t have a specific objective in mind. This is a potential conflict of interest, but advisors are bound by their fiduciary duty to act in the best interest of the client. Business Details This is a multi-location business. As noted earlier, Meeder Asset Management is a long-time practitioner of defensive or tactical investing, which is the foundation of its investing approach. 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. According to the advisory, it pioneered what it calls Defensive Equity strategy but is more commonly known as tactical investing. These fees are usually deducted directly from your account's balance. These range from active to passive strategies, along with options for both the risk-averse and risk-tolerant. The Cincinnati-based operation is on SmartAsset’s list of the top financial advisor firms in Cincinnati. Worried about what will happen in the market once the presidential election is decided? Bartlett Wealth Management has been in business since 1898, making it one of the oldest financial advisor firms in the U.S. Focus Operating, LLC mostly owns the firms, while some employees have small stakes. That represents a potential conflict of interest, and is why Allworth is considered a fee-based firm. Giving to charity is, of course, one way to lower your taxes. Advisors do not earn commissions for selling insurance or financial products to clients. Question: Sandy in Green Township: Open enrollment just started where I work. The advisory generally constructs client portfolios using some combination of mutual funds and exchange-traded funds (ETFs). The fee-only firm recommends that new clients open accounts with at least $500,000, though some investment strategies require only a $250,000 minimum. They're listed here, starting with the largest. This firm builds unique investment and financial plans for each of its clients as opposed to pairing clients with previously created solutions. While this might sound like a blessing, it could make the decision process that much more difficult and confusing for prospective clients. As a matter of policy, BBB does not endorse any product, service or business. BBB is here to help. Other clients of the firm include retirement plans, charitable organizations and businesses. The firm also serves businesses, institutions, retirement plan sponsors and participants and the Ohio local government investment pool. Throughout the years I have had … Though Truepoint, Inc. has just 26 advisors on staff, its team holds a total of nearly 50 certifications. So, be sure to look at your plan options closely. The exact rate you'll pay will be laid out in your initial advisory agreement, but it will never exceed 1.85%. Its team of financial planners, investment managers and wealth advisors has a wide range of experience levels, from newbies to industry veterans. The minimum account size depends on the investment strategy, ranging from $500,000 to $50 million. Over the years, he's won a number of awards, including being named to Barron's "America’s Top 1,200 Financial Advisors" and Mutual Funds magazine's "100 Great Financial Planners." Financial advisors in Cincinnati protect the value of your assets and your future investments. Allworth also dabbles with variable life insurance and variable annuities. A: For this answer, it’s helpful to think of common types of retirement accounts as separate buckets: IRAs (such as traditional IRAs, Rollover IRAs, SEP IRAs, etc. However, the fee-only … … This fee-only Cleveland firm works with roughly three times as many high-net-worth individuals as non-high-net-worth individuals. The Cincinnati-based operation is on SmartAsset’s list of the top financial advisor firms in Cincinnati. Across this group, you’ll find 27 chartered financial analysts (CFAs), 20 certified financial planners (CFPs), two certified trust and financial advisors (CTFAs), two chartered alternative investment analysts (CAIAs), one certified public accountant (CPA), one accredited investment fiduciary (AIF), one chartered life underwriter (CLU), one chartered financial consultant (ChFC)and one certified investment management analyst (CIMA). Financial planning services at the firm can meet a multitude of needs. While this isn’t necessarily a novel idea, this emphasis helps to reduce a portfolio's market volatility, making it more stable over the long term. Barron's© magazine is a trademark of Dow Jones L.P. 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. Same goes for firms that don't offer financial planning or whose clients aren't at least half individuals. Its financial planning services each focus on more specific needs and include: Diversification is important to most firms in today’s financial advising world, and Bartlett Wealth Management is no exception. Scott Hanson (2011, 2012, 2013, 2014, 2015 & 2016) and Pat McClain (2012, 2013, 2014, 2015 & 2016). Fees for investment management are based on a percentage of assets under management. In total, Allworth Financial works with over 11,000 clients. Tax ramifications for taking money out of a 401(k) with the CARES Act. If your employer offers free life insurance coverage, feel free to take it. The Allworth team at our main Cincinnati office has been helping the Tri-State retire with confidence for more than 25 years. Aside from individuals, the firm also works with trusts, estates, investment companies, businesses, government entities, pension and profit-sharing plans and charitable organizations.