Family Wealth Advisory Group, LLC (Cincinnati)

Name: Family Wealth Advisory Group, LLC
Address: 7359 East Kemper Road, Cincinnati, OH, 45249
Telephone: 513-469-8100

Family Wealth Advisory Group, LLC is a large advisory firm based in Cincinnati. It manages $165.36 million of regulatory assets for 661 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Indiana, Kentucky, Louisiana, and Ohio.

Family Wealth Advisory Group provides financial planning services, portfolio management for individuals and small businesses, and matters not involving securities. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Family Wealth Advisory Group: assets under management

The assets under management (AUM) of Family Wealth Advisory Group, LLC is $165.36 million. The firm's AUM has grown by 281% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $92.65 million in discretionary accounts and $72.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $233.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $275.41 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Family Wealth Advisory Group, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Family Wealth Advisory Group serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Family Wealth Advisory Group is high net worth individuals with 59 clients and $121.83 million of assets under management. Among the 10 most similar advisory firms, Family Wealth Advisory Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $165.36 million for 161 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Family Wealth Advisory Group doesn't advise any private funds.

Careers at Family Wealth Advisory Group, LLC

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert John Grossheim	Member and chief compliance officer	1 Mar 2002	75% - 100%	2085822
Kimberly Jane Barnholtz	Member	1 Mar 2002	Other	2287865

Based in Cincinnati

The principal office where Family Wealth Advisory Group, LLC performs its advisory services is located at 7359 East Kemper Road, Cincinnati, OH 45249, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 513-469-8100 or by fax 800-295-6922. The normal business hours are 8:30 - 4:30 on Monday - Friday. You can find more information about the New York firm at fwag.com.