Wealthquest Corporation (Cincinnati)

Name: Wealthquest Corporation
Address: 50 E Business Way, Cincinnati, OH, 45241
Telephone: 513-530-9700

Wealthquest Corporation is a large advisory firm based in Cincinnati. It manages $1.05 billion of regulatory assets for 3,680 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, Colorado, and 21 other states.

Wealthquest Corporation provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and tax return prep. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealthquest Corporation: assets under management

The assets under management (AUM) of Wealthquest Corporation is $1.05 billion. The firm's AUM has grown by 1513% since the beginning of its operation, and $428.88 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1.04 billion in discretionary accounts and $3.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $284.89 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $284.64 thousand.

Wealthquest Corporation has custody of $103.58 million in cash and securities for 191 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 53% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in investment grade corporate bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealthquest Corporation for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James M. Lenhoff serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of James M. Lenhoff is high net worth individuals with 273 clients and $721.38 million of assets under management. Among the 11 most similar advisory firms, Wealthquest Corporation has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.04 billion for 1,200 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Wealthquest Corporation doesn't advise any private funds.

Careers at Wealthquest Corporation

The company employs 24 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

James M. Lenhoff has been acting as President since 1 Mar 2012. Mark A Bates joined the executive team most recently as the Director Of Financial Planning.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wade Keith Daniel	President and chief compliance officer	1 Jul 2006	75% - 100%	4348288
James M. Lenhoff	Vice president and chief compliance officer	1 Jan 2007	Other	4335437
Joseph Robert Richmond	Senior advisor	1 Aug 2007	Other	1014262
Stephen Paul King	Director of financial planning	1 Aug 2007	Other	4146263
Wade Keith Daniel	Ceo	1 Mar 2012	50% - 75%	4348288
James M. Lenhoff	President	1 Mar 2012	Other	4335437
Stephen Paul King	Vice president and chief compliance officer	1 Mar 2012	Other	4146263
Mark A Bates	Director of financial planning	1 Oct 2012	Other	4606121

Based in Cincinnati

The principal office where Wealthquest Corporation performs its advisory services is located at 50 E Business Way, Cincinnati, OH 45241 The mailing address of the firm is 50 E Business Way, Cincinnati, OH 45241. An additional office of the firm is in Oak Brook, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 513-530-9700 or by fax 513-530-9776. The normal business hours are m-th 8-5pm f 8-12pm on Monday - Friday. You can find more information about the New York firm at wqcorp.com.