Fort Washington Investment Advisors Investing Philosophy
The firm offers an array of investing strategies, including public equity, private equity, fixed-income and multi-strategy. Generally, it may apply fundamental, technical and quantitative methods of analysis. Also, it may use long-term purchases, short-term purchases, short sales, options and derivatives.
Fort Washington Investment Advisors Review
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A wholly-owned subsidiary of Western & Southern Financial Group, Fort Washington Investment Advisors has been in business since 1990. In addition to its size, the firm stands out for being led by a woman, president and CEO Maribeth Rahe. With tens of billions in assets under management , it ranks in the top spot on SmartAssets lists of the top financial advisors in Cincinnati and top financial advisors in Ohio. The firm has even made SmartAsset’s list of the top financial advisors in the U.S.
As a fee-based firm, certain on-staff advisors here can receive commissions from the sale of insurance products in addition to client-paid fees. A fee-only firm, on the other hand, avoids third-party compensation altogether.
Fort Washington Capital Partners Group Heritage
Western & Southern made the unit a formal subsidiary in 1990. Now formally known as Fort Washington Investment Advisors, Inc., the firm became an SEC-registered investment advisor the same year.4
In 1999, Fort Washington expanded its private equity investment program to include unaffiliated third party clients through its FW Capital division.
FW Capital formed its first fund-of-funds offering in 1999. FW Capital currently manages eight diversified fund-of-funds and three secondary funds. FW Capital also provides private equity advisory services to Western & Southern. As of September 30, 2021, these mandates included $4.5 billion5 in private equity commitments for public and private institutions. As of September 30, 2021, Fort Washington and its subsidiaries managed approximately $78.4 billion6 in affiliated and external assets in private equity, fixed income, and public equity. Of the total assets, approximately $26.5 billion is external.
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Does Fort Washington Investment Advisors Offer Products That Have Performance
When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. For instance, research has shown that mutual funds that use incentive fees take on more risk that funds that do not, and tend to double down and increase their risk following a poor performance. This could be detrimental to a client during down markets.
Is Fort Washington Investment Advisors Also A Broker
Currently Fort Washington Investment Advisors is also a Broker-Dealer or is affiliated with one. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds, cross-selling of commissioned insurance products, and the sale of proprietary investment products. All of these conflicts can negatively impact clients via hidden fees and overall higher costs.
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Fort Washington Investment Advisors Client Types And Minimum Account Sizes
Fort Washington Investment serves high-net-worth individuals and their families, charitable organizations, corporations, corporate pension and profit-sharing plans, family offices, foundations, endowments, insurance companies, investment companies, pooled investment vehicles, private investment funds, state and municipal government entities and Taft-Hartley plans.
While the minimum requirements for institutional clients range from $500,000 to $50 million, depending on the investing strategy, the minimum investment for private clients is $500,000.
Where Is Fort Washington Investment Advisors Headquartered Which States Do Its Financial Advisors Serve
Fort Washington Investment Advisors is headquartered in Cincinnati, OH and currently serves in 28 states: Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Missouri, Nebraska, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin.
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Regulatory Disclosures State That Fort Washington Investment Advisors Sells Proprietary Investments And Products Please Provide Me A List Of The Products And A Summary Of How Much Fort Washington Investment Advisors Earns From Them
Fort Washington Investment Advisors recommends proprietary investments and products that could generate larger commissions than other similar non-proprietary products. This could also limit the number and diversity of investment options available to you and may impact their transferability. Do not be afraid to ask how much they will earn from the product or what other non-proprietary options are available.
Nicholas P Sargen Phd
Chief Investment Officer, Fort Washington Investment Advisors, Inc
Investment Experience: 1971 to PresentNick joined Fort Washington in 2003 as Chief Investment Officer. On May 30, 2014, he assumed the duties of Chief Economist and Senior Investment Advisor. Nick has many years experience as an international economist and global money manager. He most recently served as Managing Director for JP Morgan Chase in New York, where he was Chief Investment Strategist for JP Morgan Private Bank. He has also served as Managing Director for Prudential Insurance Company, where he was Chief Investment Officer for Global Fixed Income Advisors. Previously Nick was Director, Bond Market Research, for Salomon Brothers. His experience includes positions with Morgan Guaranty Trust, the Federal Reserve Bank of San Francisco, and the U.S. Department of Treasury. Nick earned a BS in Economics from the University of California-Berkeley and both an MA and PhD in Economics from Stanford University.
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Services Offered By Fort Washington Investment Advisors
For its private clients, Fort Washington Investment provides wealth management, financial planning and investment advisory services. Advisors may recommend proprietary investment strategies or external, independent money managers. Select Fort Washington Investment employees who are licensed insurance agents may also offer insurance products, including those of affiliates.
For its institutional and private equity clients, the firm provides investment strategies through separately managed accounts, commingled and affiliated mutual funds or private funds. The firm may also serve as a sub-advisor to other advisors, third-party accounts, certain open-end mutual funds, model portfolios and Undertakings for the Collective Investment of Transferable Securities .
What Is The Historical Performance Of Fort Washington Investment Advisors
Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Financial plans and investment portfolios are always unique to the client’s personal financial situation.
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Fort Washington Investment Advisors Inc Buys Visa Inc Airbnb Inc Biomarin Pharmaceutical
Investment company Fort Washington Investment Advisors Inc buys Visa Inc, Airbnb Inc, Biomarin Pharmaceutical Inc, Sysco Corp, Leslies Inc, sells Trip.com Group, Signature Bank, Kimberly-Clark Corp, Jones Lang LaSalle Inc, T. Rowe Price Group Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Fort Washington Investment Advisors Inc . As of 2021Q4, Fort Washington Investment Advisors Inc owns 503 stocks with a total value of $16.5 billion. These are the details of the buys and sells.
These are the top 5 holdings of FORT WASHINGTON INVESTMENT ADVISORS INC
Microsoft Corp – 2,596,129 shares, 5.28% of the total portfolio. Shares reduced by 5.35%
Apple Inc – 3,672,021 shares, 3.95% of the total portfolio. Shares reduced by 4.61%
Alphabet Inc – 162,909 shares, 2.85% of the total portfolio. Shares reduced by 3.63%
Cintas Corp – 1,062,425 shares, 2.85% of the total portfolio.
Meta Platforms Inc – 1,331,737 shares, 2.71% of the total portfolio. Shares added by 1.69%
New Purchase: Airbnb Inc
Fort Washington Investment Advisors Inc initiated holding in Airbnb Inc. The purchase prices were between $156.38 and $207.21, with an estimated average price of $176.14. The stock is now traded at around $155.560000. The impact to a portfolio due to this purchase was 0.34%. The holding were 340,565 shares as of 2021-12-31.
New Purchase: Leslies Inc
New Purchase: LHC Group Inc
New Purchase: Regal Rexnord Corp
New Purchase: Silgan Holdings Inc
Fort Washington Investment Advisors Inc
Fort Washington Investment Advisors Inc is a large advisory firm based in Cincinnati. It manages $52.42 billion of regulatory assets for 1,592 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 22 other states.
Fort Washington Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and sub-advisory. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn’t engage in other business activities.
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Does Fort Washington Investment Advisors Recommend Securities That It Or Its Affiliates Underwrite Or In Which It Serves As General Or Managing Partner Will Any Of My Assets Be Invested In Those Products
Fort Washington Investment Advisors recommends securities that they may have recently taken public or otherwise have controlling interest over. This relationship could introduce bias where a firm and its advisors may push those products over others that may have a more favorable performance with which they are not affiliated.
What Kind Of Clients Donald Joseph Wuebbling Serves
The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Donald Joseph Wuebbling is insurance companies with 14 clients and $36.66 billion of assets under management. Among the 9 most similar advisory firms, Fort Washington Investment Advisors has the 2nd highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $52.42 billion for 555 clients that can include trusts, estates, and 401 plans and IRAs of individuals and their family members. 1% of the firms clients are foreign persons or businesses.
Fort Washington Investment Advisors also advises several private funds. Namely, two hedge funds, two other private funds, and twenty four private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $157,940,000.
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What Services Can Fort Washington Investment Advisors Provide
As a financial advisory firm, Fort Washington Investment Advisors can provide a variety of financial planning services for Americans. Financial advisors help you achieve your life goals, e.g., saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio .Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance.
Which Securities Does Fort Washington Investment Advisors Trade For Itself That It Will Also Be Recommending To Me
Fort Washington Investment Advisors has marked in their disclosures that they trade recommended securities. While this often can be seen as “eating your own cooking,” there are several inherent conflicts that can arise. For example, front running is when a financial professional buys or sell securities ahead of their client. In short, any financial professional should disclose all positions they hold that they will also be recommending to you.
Our system found no other conflict questions to ask. Checks take place monthly.
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$13 Billion Assets Under Management
As of 29th July 2022, Fort Washington Investment Advisors Inc oh/s top holding is 2,512,807 shares of Microsoft currently worth over $645 million and making up 5.0% of the portfolio value.Relative to the number of outstanding shares of Microsoft, Fort Washington Investment Advisors Inc oh/ owns more than approximately 0.1% of the company.In addition, the fund holds 3,570,727 shares of Apple Inc worth $488 million, whose value fell approximately 0.1% in the past six months.The third-largest holding is Cintas worth $397 million and the next is Alphabet Inc worth $343 million, with 156,936 shares owned.Currently, Fort Washington Investment Advisors Inc oh/’s portfolio is worth at least $13 billion. The total portfolio value may be much higher due to cashassets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Fees Under Fort Washington Investment Advisors
Like most investment advisors, Fort Washington Investment collects management fees based on a percentage of the clients AUM. Below, we explore the fee schedule for Fort Washington’s individual accounts:
|Fort Washington Investment Advisors Fee Schedule|
|More than $5,000,000||0.50%|
For non-discretionary accounts, the firm generally charges an annual $500 fee. The firm generally considers financial planning a part of its wealth management services and does not charge extra for it. Clients who are only receiving financial planning will be charged a flat or an hourly based fee. Fees are billed quarterly, in advance.
Here’s a breakdown of what you could pay in advisory fees at Fort Washington:
|*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.|
|Estimated Investment Management Fees at Fort Washington Investment Advisors*|
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Securitized Total Return Strategy
The strategy emphasizes moderate risk opportunities in non-index sectors. Management employs a fundamental, relative-value approach that seeks alpha by strategically allocating between two sources: sector allocation and security selection. A focus on non-index sectors typically provides for more stable duration and higher yield than traditional MBS-oriented strategies. Management favors longer holding periods, which can enable the realization of the yield advantage over the benchmark.
- Relative value focus emphasizing moderate risk opportunities in non-index sectors
- More stable duration and higher yield than traditional MBS-oriented strategies
- Longer holding periods enable realization of yield advantage
Securitized-Investment GradeBloomberg U.S. Mortgage Backed Securities Index
J Kevin Seagraves Cfa
Senior Credit Analyst, Fort Washington Investment Advisors, Inc.
Investment Experience: 1996 to PresentKevin joined Fort Washington in 2003 as a credit analyst. Prior to joining the firm, he was employed by Summit Investment Partners as a Senior Analyst. Kevin has also worked for National City Bank as a Credit Analyst. He earned a BS in Finance from Miami University.
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Careers At Fort Washington Investment Advisors Inc
The company employs 143 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. 21 employees are registered as investment adviser representatives with the state securities authorities.
Theres a single person 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 dont receive compensation from other entities for client referrals.
Donald Joseph Wuebbling has been acting as President since 1 Jun 1990. Steven Kenneth Kreider has served as the Chief Investment Officer since 1 May 2014. Jay Vincent Johnson joined the executive team most recently as the Treasurer.