Horan Securities, Inc. is a large advisory firm based in Cincinnati. It manages $194.83 million of regulatory assets for 1,104 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Colorado, Florida, Illinois, and 5 other states.
Horan Securities provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Horan Securities, Inc. is $194.83 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 74% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Horan Securities, Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Terence Lee Horan is individuals with 680 clients and $152.96 million of assets under management. Among the 6 most similar advisory firms, Horan Securities has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $194.83 million for 712 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.
Horan Securities doesn't advise any private funds.
The company employs 16 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 8 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Terence Lee Horan has been acting as President since 1 Jul 1997. Timothy Glenn Powell joined the executive team most recently as the Vice President/ Reg Rep.
The principal office where Horan Securities, Inc. performs its advisory services is located at 4990 East Galbraith Road, Cincinnati, OH 45236, 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 513-745-0707 or by fax 513-745-9731. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at horanassoc.com.