Brass Tax Wealth Management, Inc. (Cincinnati)

Brass Tax Wealth Management, Inc. is a large advisory firm based in Cincinnati. It manages $323.02 million of regulatory assets for 1,335 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Indiana, Ohio, and Texas.

Brass Tax Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Brass Tax Wealth Management: assets under management

The assets under management (AUM) of Brass Tax Wealth Management, Inc. is $323.02 million. The firm's AUM has grown by 112% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $320.8 million in discretionary accounts and $2.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $241.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $369.37 thousand.

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 41% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brass Tax Wealth Management, Inc. 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 Brass Tax Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Brass Tax Wealth Management is high net worth individuals with 117 clients and $176.75 million of assets under management. Among the 8 most similar advisory firms, Brass Tax Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $323.02 million for 847 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Brass Tax Wealth Management doesn't advise any private funds.

Careers at Brass Tax Wealth Management, Inc.

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Brass Tax Wealth Management, Inc. is owned by Leah Christine Schulte. Nicholas N Schulte joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nicholas N Schulte	Chief compliance officer	1 Jul 2014	50% - 75%	5197002
Leah Christine Schulte	Owner	1 Jul 2014	50% - 75%	5946888

Based in Cincinnati

The principal office where Brass Tax Wealth Management, Inc. performs its advisory services is located at 4755 Cornell Road, Suite 102 A, Cincinnati, OH 45241, which is also the mailing address of the firm. An additional office of the firm is in Brownsburg, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 513-605-3394 or by fax 513-489-2840. The normal business hours are 8-5 on Monday - Friday.