Bartlett & Co. Wealth Management LLC (Cincinnati)

Name: Bartlett & Co. Wealth Management LLC
Address: 600 Vine Street, Cincinnati, OH, 45202 2466
Telephone: 513-621-4612

Bartlett & Co. Wealth Management LLC is a large advisory firm based in Cincinnati. It manages $6.04 billion of regulatory assets for 1,974 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 44 other states.

Bartlett & Co. Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bartlett & Co. Wealth Management: assets under management

The assets under management (AUM) of Bartlett & Co. Wealth Management LLC is $6.04 billion. The firm's AUM has grown by 50% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $5.93 billion in discretionary accounts and $112.91 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.04 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.13 million.

Bartlett & Co. Wealth Management has custody of $2.06 billion in cash and securities for 957 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bartlett & Co. Wealth Management LLC 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 Kelley Jeannette Downing serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Kelley Jeannette Downing is high net worth individuals with 1,172 clients and $4.75 billion of assets under management. Among the 8 most similar advisory firms, Bartlett & Co. Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $6.04 billion for 1,974 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.

Bartlett & Co. Wealth Management doesn't advise any private funds.

Careers at Bartlett & Co. Wealth Management LLC

The company employs 63 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 20 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people 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.

Kelley Jeannette Downing has been acting as President since 1 Feb 2018. Jared Bennett Calvert joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Formation Holdings	Member (manager)	1 Jul 2017	75% - 100%	82-2237678
Llc Focus Operating	Member (manager)	1 Jul 2017	75% - 100%	20-816191
Thomas Allen Steele	Chief compliance officer	1 Feb 2018	Other	1795984
Kelley Jeannette Downing	President/ceo	1 Feb 2018	Other	1017205
James Brian Hagerty	Director	1 Feb 2018	Other	2546633
Kyle William Pohlman	Director	1 Feb 2018	Other	4653608
Holly Hirt Mazzocca	Director	1 Feb 2018	Other	5569415
Jared Bennett Calvert	Cco	1 Aug 2019	Other	7174674

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Llc Trident Ffp Blocker	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Cincinnati

The principal office where Bartlett & Co. Wealth Management LLC performs its advisory services is located at 600 Vine Street, Cincinnati, OH 45202 2466 The mailing address of the firm is 150 South Wacker Drive, Chicago, IL 60606 4228. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 513-621-4612 or by fax 513-621-6462. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at bartlett1898.com/.