Fifth Third Securities, Inc. is a large advisory firm based in Cincinnati. It manages $1.12 billion of regulatory assets for 6,165 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Fifth Third Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and sponsor wrap fee program. It prepares financial plans for approximately 2,500 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Fifth Third Securities, Inc. is $1.12 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 199% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Fifth Third Securities, Inc. for their services and products based on a percentage of assets under management. 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Ralph S Iii Michael is individuals with 5,959 clients and $988.54 million of assets under management. Among the 9 most similar advisory firms, Fifth Third Securities has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.12 billion for 6,165 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.
Fifth Third Securities doesn't advise any private funds.
The company employs 1,414 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. 891 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Ralph S Iii Michael has been acting as President since 1 Jul 2017. Brian Daryl Lamb joined the executive team most recently as the Director.
The principal office where Fifth Third Securities, Inc. performs its advisory services is located at 34 Fountain Square Plaza, Cincinnati, OH 45263 The mailing address of the firm is 38 Fountain Square, Cincinnati, OH 45263. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 888-889-1025 or by fax 513-358-1710. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at 53.com.