Great American Advisors, Inc

CRD#36451
Investment Advisor Firm

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Learn more about Great American Advisors, Inc

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Great American Advisors, Inc is an advisory company that has its headquarters in Cincinnati, Ohio. The company handles $32.1 million in assets over 950 accounts. The firm has a small group of 10 employees, including two financial advisors. Great American Advisors, Inc does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial assets such as bonds, stocks and options.

    Great American Advisors, Inc oversees all of its client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make buy and sell decisions without needing to seek client approval. The firm's average account size is $33,839. The typical financial advisor at Great American Advisors, Inc oversees around 475 client accounts.

    The company's main office is at Great American Insurance Tower, Cincinnati, Ohio 45202. Great American Advisors, Inc is legally permitted to serve investors throughout 9 states, including Arizona, Georgia, Michigan, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina and Utah.

    Assets Under Management

    $32.1 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    Great American Insurance Tower
    Cincinnati, OH 45202

    Great American Advisors, Inc by the Numbers

    Total Assets Under Management

    $32.1 million

    National Average: $9.0 billion
    Total Number of Employees

    10

    National Average: 71,771
    Total Number of Accounts

    950

    National Average: 4,329
    Average Account Size

    $33.8 thousand

    National Average: $2.1 million
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    Fee Structure

    Financial management fees depend on the services provided. Fees charged by Great American Advisors, Inc may include any blend of the following fee types: asset-based or fixed. The firm does not supply a wrap fee program, in which the firm offers a bundle of services for a single fee. Great American Advisors, Inc can withdraw its expenses directly from customer funds.

    Available

    • Offered by 70% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 33% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    Great American Advisors, Inc caters to retail investors. Out of its 950 accounts, Great American Advisors, Inc's largest client by number of accounts is retail investors. None of the firm's clients are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 100%
    • Corporations - 0%
    • Charitable Organizations - 0%

    * 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

    Great American Advisors, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Great American Advisors, Inc

    Stephen Van Dyke
    Cincinnati, OH
    Skylar Brown
    Cincinnati, OH
    Matthew Schmitz
    Cincinnati, OH
    William Consolino
    Paoli, PA
    Philip Poonoosamy
    Cincinnati, OH
    Brian Goldberg
    Cincinnati, OH
    Matthew Rich
    Cincinnati, OH
    Steven Koecheler
    Denver, CO
    Scott Kramer
    Cincinnati, OH

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