Wealthcor LLC (Cincinnati)

Name: Wealthcor LLC
Address: 9428 Kenwood Road, Cincinnati, OH, 45242
Telephone: (513) 421-0800

Wealthcor LLC is a large advisory firm based in Cincinnati. It manages $104.04 million of regulatory assets for 430 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Florida, Illinois, and 4 other states.

Wealth provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealth: assets under management

The assets under management (AUM) of Wealthcor LLC is $104.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 56% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $104.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $241.95 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealthcor LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wealth is high net worth individuals with 69 clients and $81.74 million of assets under management. Among the 10 most similar advisory firms, Wealth has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $104.04 million for 284 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.

Wealth doesn't advise any private funds.

Careers at Wealthcor LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin James Egan	Managing member / chief compliance officer	1 Jan 2016	Other	6015670
Callahan And Associates Inc.	Owner	1 Jan 2016	75% - 100%	00-0000000

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Patrick Callahan	Managing member / ceo	1 Jan 2016	75% - 100%	1817853

Based in Cincinnati

The principal office where Wealthcor LLC performs its advisory services is located at 9428 Kenwood Road, Cincinnati, OH 45242, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (513) 421-0800 or by fax (513) 421-0811. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at callahancincy.com.