Ritter Daniher Financial Advisory, LLC (Cincinnati)

Name: Ritter Daniher Financial Advisory, LLC
Address: 7661 Beechmont Avenue, Cincinnati, OH, 45255
Telephone: 513.233.0715

Ritter Daniher Financial Advisory, LLC is a large advisory firm based in Cincinnati. It manages $398.99 million of regulatory assets for 1,105 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Florida, Indiana, and 6 other states.

Ritter Daniher Financial Advisory provides financial planning services, portfolio management for individuals and small businesses, and consulting. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ritter Daniher Financial Advisory: assets under management

The assets under management (AUM) of Ritter Daniher Financial Advisory, LLC is $398.99 million. The firm's AUM has grown by 987% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $351.5 million in discretionary accounts and $47.49 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $319.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.91 million.

Ritter Daniher Financial Advisory has custody of $50.96 million in cash and securities for 47 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in government bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ritter Daniher Financial Advisory, 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 Ritter Daniher Financial Advisory 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 Ritter Daniher Financial Advisory is high net worth individuals with 108 clients and $257.87 million of assets under management. Among the 8 most similar advisory firms, Ritter Daniher Financial Advisory has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $398.99 million for 360 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.

Ritter Daniher Financial Advisory doesn't advise any private funds.

Careers at Ritter Daniher Financial Advisory, LLC

The company employs 10 people that are either part- or full-time employees. 40 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
Jeffrey Earl Daniher	Member	1 Jul 1999	50% - 75%	3101418
John Kenneth Ritter	Member, chief compliance officer	1 Jul 1999	50% - 75%	2540787
Matthew Albert Yerkes	Shareholder	1 Oct 2012	Other	4547403

Based in Cincinnati

The principal office where Ritter Daniher Financial Advisory, LLC performs its advisory services is located at 7661 Beechmont Avenue, Cincinnati, OH 45255, 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 513.233.0715 or by fax 513.233.0718. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at ritterdaniher.com.