Renaissance Investment Management
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Learn more about Renaissance Investment Management
Overview
Renaissance Investment Management operates as a financial advisory firm that has its headquarters in Covington, Kentucky. The firm has $2.2 billion in total assets over 1,099 accounts, making it one of the biggest financial advisory firms in the nation by assets under management (AUM). It has a small team, including 7 financial advisors. Renaissance Investment Management is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial investments such as bonds, options and stocks.
Renaissance Investment Management manages all of the firm's client assets in a discretionary manner. Discretionary management signifies that buy and sell decisions for the client's account are made by a portfolio manager without requiring client authorization. The investment advisory firm manages an average of $2.0 million for each customer account. The average advisor at Renaissance Investment Management administers about 157 client accounts.
The company's central office is at 50 E. Rivercenter Blvd., Covington, Kentucky 41011. It is allowed to serve investors throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Renaissance Investment Management by the Numbers
$2.2 billion
17
1,099
$2.0 million
Fee Structure
Fees for financial management usually are based on which services the firm provides the client. However, fees charged by the company typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Renaissance Investment Management.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company manages money for a broad range of clients. Renaissance Investment Management works with retail investors, high net worth investors, banking institutions, investment companies, pension plans, charitable organizations, state or municipal government entities, corporations and other. Out of its 1,099 customers, Renaissance Investment Management's biggest client type by number of accounts is other, though it also caters to 45 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 4.53%
- Other Individuals - 32.6%
- Corporations - 62.37%
- Charitable Organizations - 0.5%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Renaissance Investment Management does not have any disclosures.
Please visit its Form ADV for more details.
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