Foster & Motley, Inc. (Cincinnati)
Foster & Motley, Inc. Is a Large Advisory Firm Based in Cincinnati. It Manages $1.3 Billion of Regulatory Assets for 633 Client Accounts. It Has Been...
Foster & Motley, Inc. is a large advisory firm based in Cincinnati. It manages $1.3 billion of regulatory assets for 633 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Colorado, Florida, and 12 other states.
Foster & Motley provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.
Foster & Motley: assets under management
The assets under management (AUM) of Foster & Motley, Inc. is $1.3 billion. The firm's AUM has grown by 29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $1.27 billion in discretionary accounts and $34.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.12 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1 million.
Foster & Motley has custody of $1.3 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.
Investments
The firm invests in investment and business development companies the most. They account for 45% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio. Investments in state and local bonds form 7% of the total invested assets.
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