L.M. Kohn & Company

CRD#27913
Investment Advisor Firm

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Learn more about L.M. Kohn & Company

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    L.M. Kohn & Company is a financial advisory firm that has its headquarters in Cincinnati, Ohio. The firm handles $1.4 billion in total assets across 5,370 client accounts, placing it among the biggest financial advisory firms in the United States by assets under management (AUM). The company has an average-sized group, including 64 financial advisors. L.M. Kohn & Company is not a registered broker-dealer, signifying that it cannot 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 defined as exchangable fiscal assets such as options, bonds and equities.

    L.M. Kohn & Company manages 2,024 of the company's accounts on a discretionary basis. Discretionary management means that a portfolio manager makes transaction choices without requiring client permission. The company also has 3,346 non-discretionary accounts with a total of $883.2 million in assets under management. The advisory firm's average account size is $257,958. The typical advisor at L.M. Kohn & Company manages around 84 client accounts.

    The company's central office is at 10151 Carver Rd., Cincinnati, Ohio 45242. The firm is legally permitted to provide services to clients throughout 40 U.S. states and territories.

    Assets Under Management

    $1.4 billion

    Number of Advisors

    64

    Disclosures

    No

    Office Location

    10151 Carver Rd.
    Cincinnati, OH 45242

    L.M. Kohn & Company by the Numbers

    Total Assets Under Management

    $1.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    86

    National Average: 64
    Total Number of Accounts

    5,370

    National Average: 375,227
    Average Account Size

    $258.0 thousand

    National Average: $23.0 thousand
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    Products and Services

    L.M. Kohn & Company offers a variety of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the last fiscal year, it provided 1-10 of its accounts with financial planning services. The firm is involved in selling products or offering services apart from investment advisory services to its clients. The company also has a number of financial industry affiliations, including with an accountant or accounting firm, lawyer or law firm, insurance company or agency and pension consultant.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial management typically are based on which service is provided. Fees billed by the company likely consist of some blend of the following fee structures: asset-based, hourly, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the firm.

    Available

    • Offered by 69% 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 21% of firms

      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.

    • Offered by 32% 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.

    • Offered by 10% of firms

      Other

      Show Explanation

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

    Unavailable

    • 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.

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    Types of Clients

    The company caters to retail investors, high net worth investors, pension plans and charitable organizations. Out of its 5,370 customers, L.M. Kohn & Company's biggest client type is retail investors, although it also serves 644 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual 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 its accounts are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 28.07%
    • Other Individuals - 67.57%
    • Corporations - 3.92%
    • Charitable Organizations - 0.44%

    * 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

    L.M. Kohn & Company does not have any disclosures.

    Please visit its Form ADV for more details.

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    The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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