Fifth Third Wealth Advisors LLC

CRD#313015
Investment Advisor Firm

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Learn more about Fifth Third Wealth Advisors LLC

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

    • Overview

    Fifth Third Wealth Advisors LLC is located at 38 Fountain Square Plaza, Cincinnati, OH. The firm employs 37 financial advisors to manage client portfolios and provide financial guidance. Fifth Third Wealth Advisors LLC is not a registered broker-dealer.

    Fifth Third Wealth Advisors LLC oversees $571.7 million in assets under management across 389 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to between 11 and 25 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, and selection of other advisers. The firm caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at Fifth Third Wealth Advisors LLC includes asset-based and fixed fees. The firm has 196 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, and commodity pool advisor.

    Fifth Third Wealth Advisors LLC is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $571.7 million

    Number of Advisors

    37

    Disclosures

    No

    Office Location

    38 Fountain Square Plaza
    Cincinnati, OH 45263

    Fifth Third Wealth Advisors LLC by the Numbers

    Total Assets Under Management

    $571.7 million

    National Average: $8.6 billion
    Total Number of Employees

    47

    National Average: 64
    Total Number of Accounts

    389

    National Average: 375,227
    Average Account Size

    $1.5 million

    National Average: $23.0 thousand
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    Products and Services

    Fifth Third Wealth Advisors LLC provides a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, and selection of other advisers. In the last financial year, Fifth Third Wealth Advisors LLC provided financial planning services to 45621 of its accounts. The Firm is not engaged in selling products or offering services other than investment advice to its investment advisory accounts.

    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 largely depend on the type of services provided. Fees charged by Fifth Third Wealth Advisors LLC likely consist of any blend of the following fee structures: asset-based or fixed.

    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 manages money for a broad range of clients. The company provides services to retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations, and corporations. Out of its 6 clients, Fifth Third Wealth Advisors LLC's largest client type by number of accounts is high net worth investors, but it also manages money for 196 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 is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 75.38%
    • Other Individuals - 18.08%
    • Corporations - 5.77%
    • Charitable Organizations - 0.77%

    * 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

    Fifth Third Wealth Advisors LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Fifth Third Wealth Advisors LLC

    Tucker Veenis
    Pittsburgh, PA
    Carolyn Balzano
    Cincinnati, OH
    Kari Baer
    Tampa, FL
    Samuel Thomas
    Atlanta, GA
    Luis Fernandes
    Putnam Valley, NY
    Justin Bensema
    Pittsburgh, PA
    Heather Borelli
    Naples, FL
    Mary Robbins
    Cincinnati, OH
    Nathan Weidner
    Cincinnati, OH

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