Truepoint, Inc

CRD#105664
Investment Advisor Firm

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Learn more about Truepoint, Inc

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

    • Overview

    Truepoint, Inc is a financial advisory company that has its headquarters in Cincinnati, Ohio. Truepoint, Inc has $4.2 billion in total assets across 8,663 customer accounts, placing it among the biggest investment advisory firms in the United States by assets under management (AUM). Truepoint, Inc has an average-sized group, including 34 financial advisors. Truepoint, Inc is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like options, equities and bonds.

    Truepoint, Inc administers the majority of the firm's client assets in a discretionary manner. Discretionary management means that transaction decisions for the client's account are made by an investment advisor without requiring client approval. The company also oversees 654 non-discretionary accounts with a total of $20.5 million in assets. The company supervises an average of $486,041 for every client account. The average financial advisor at Truepoint, Inc oversees about 255 client accounts.

    Truepoint, Inc's central office is located at 9999 Carver Road, Cincinnati, Ohio 45242. It is legally permitted to provide services to investors across 30 U.S. states and territories.

    Assets Under Management

    $4.2 billion

    Number of Advisors

    34

    Disclosures

    No

    Office Location

    9999 Carver Road
    Cincinnati, OH 45242

    Truepoint, Inc by the Numbers

    Total Assets Under Management

    $4.2 billion

    National Average: $8.6 billion
    Total Number of Employees

    81

    National Average: 64
    Total Number of Accounts

    8,663

    National Average: 375,227
    Average Account Size

    $486.0 thousand

    National Average: $23.0 thousand
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    Products and Services

    Truepoint, Inc provides multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and pension consulting services. In the prior fiscal year, Truepoint, Inc provided 1000 of its customers with financial planning services. It does sell products or offer services aside from investment advisory services to its clients. The company is affiliated with a number of other service providers in the financial services industry, including with an accountant or accounting firm.

    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

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    Fee Structure

    Financial management fees largely vary depending on which service is provided. Fees charged by the company likely consist of the following fee types: asset-based or fixed. Truepoint, Inc does not participate in a wrap fee program, in which the company offers a service bundle for a single fee.

    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 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.

    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

    The firm provides services to retail investors, high net worth investors, pension plans and charitable organizations. Out of its 8,663 accounts, Truepoint, Inc's largest client group is retail investors, but it also manages money for 819 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 is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are non-U.S. persons.

    • High-Net-Worth Individuals* - 46.8%
    • Other Individuals - 49.66%
    • Corporations - 2.23%
    • Charitable Organizations - 1.31%

    * 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

    Truepoint, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Truepoint, Inc

    Kyle Dodson
    Cincinnati, OH
    Nicholas Edwards
    Cincinnati, OH
    Nathan Johnson
    Cincinnati, OH
    Nathaniel Maxson
    Cincinnati, OH
    Joshua Kommer
    Cincinnati, OH
    Conor Feldmann
    Cincinnati, OH
    Adam Lipton
    Cincinnati, OH
    August Hemmerich
    Cincinnati, OH
    Kathryn Brownstein
    Cincinnati, OH

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