Souders Financial Advisors, LLC (Cincinnati)

Name: Souders Financial Advisors, LLC
Address: 5968 Bridgetown Road, Cincinnati, OH, 45248
Telephone: 513-598-2400

Souders Financial Advisors, LLC is a large advisory firm based in Cincinnati. It manages $302.68 million of regulatory assets for 1,902 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Indiana, Kentucky, Ohio, and Texas.

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

Souders Financial Advisors: assets under management

The assets under management (AUM) of Souders Financial Advisors, LLC is $302.68 million. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $281.56 million in discretionary accounts and $21.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $171.06 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $82.51 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in derivatives form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Souders Financial Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Souders Financial Advisors serves?

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 Souders Financial Advisors is individuals with 1,195 clients and $163.33 million of assets under management. Among the 8 most similar advisory firms, Souders Financial Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $302.68 million for 1,335 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.

Souders Financial Advisors doesn't advise any private funds.

Careers at Souders Financial Advisors, LLC

The company employs 13 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. 8 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
Daniel Edward Souders	Member	1 Mar 2018	25% - 50%	1999479
Ryan Pat Bonaventura	Member	1 Mar 2018	25% - 50%	5052230
Brian Patrick Schweder	Member	1 Mar 2018	25% - 50%	3063246
Patrick Daniel Hayes	Chief compliance officer	1 Apr 2018	Other	6571587

Based in Cincinnati

The principal office where Souders Financial Advisors, LLC performs its advisory services is located at 5968 Bridgetown Road, Cincinnati, OH 45248, which is also the mailing address of the firm. An additional office of the firm is in Springfield, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 513-598-2400. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at soudersfinancial.com/.