L.M. Kohn & Company
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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
Number of Advisors
Disclosures
Office Location
L.M. Kohn & Company by the Numbers

$1.4 billion

86

5,370

$258.0 thousand
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
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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.
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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.
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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
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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.
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Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
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
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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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
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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