NEWS AND INSIGHTS FROM FINTRX
With an estimated 35,000+ entities and 405,000+ contacts in operation today, the registered investment advisor (RIA) landscape continues to experience growth in just about every metric. High-net-worth families and individuals are turning to RIAs for their self-governing nature, fiduciary value, and sophisticated financial expertise. To shine a light on the RIA space, FINTRX explores three of the largest registered investment advisors (RIAs) based in Ohio.
Established in 1963 by Larry S. Rybka, Valmark Advisers Inc. (part of Valmark Financial Group) is an Akron, Ohio-based registered investment advisor with approximately $5.7 billion in assets under management. In the company’s early days, it was the leading general agency for the Minnesota Mutual Life Insurance Company. Most notably, in 1996, Valmark merged a high-end life insurance 'producer group' with all-encompassing securities and investment advisory services in order to better serve its clients. The group specializes in providing life insurance, equity, investment advisory, risk management, and retirement plan products and support services for the industry’s top tier of financial advisors.
Over the course of half a century and three generations, Valmark has been at the forefront of the financial services industry, working with successful entrepreneurial wealth transfer and wealth management firms to meet the ever-changing needs of its clients. With dedicated RIA specialists and an extensive offering of third-party asset managers to assist advisors engaged in fee-based planning, Valmark Advisers has become our fastest-growing entity and the largest source of income for many.
- Founded: 1963
- Headquarters: Akron, OH
- Discretionary Assets: ~$5.7B+
- Non-Discretionary Assets: $0
- Total AUM: ~$5.7B+
- Specialties: Broker/dealer, B/D, RIA, insurance, investment management, estate planning, retirement planning, and long-term care
Established in December 2005 by Landon R. Jones, LRJ Wealth Management, LLC is a Solon, Ohio-based registered investment advisor with approximately $458 million in assets under management. The team at LRJ Wealth Management works with affluent families (& other families through our Autism Treatment Funding program) across the country who have family members with special needs. The Founder of LRJ has a child with Autism Spectrum Disorder, which makes special needs planning a very passionate focus for the organization.
The professionals at LRJ provide multi-generational planning for these families to ensure all financial needs are met. Financial security, the continuance of government assistance programs, custodianship, and the continuation of any medical-related therapies are common goals. LRJ helps get the needed items in place to ensure the child always has adequate monetary resources and continuous care. LRJ Wealth Management also serves widows, divorcees, physicians, retirees, entrepreneurs, and company executives, offering financial advice through integrated services at significantly lower costs.
- Founded: 2005
- Headquarters: Solon, OH
- Discretionary Assets: ~$458M+
- Non-Discretionary Assets: $0
- Total AUM: ~$458M+
- Specialties: Income planning, asset management, wealth transfer, risk management, tax planning, employee benefits, and buy-sell agreements; specialty services vary depending on the type of client
Founded in 2015, Walden Wealth Partners is a woman-owned, fiduciary wealth management firm serving individuals and families nationally. As thinking partners, strategists, coaches, and advocates, clients can expect a commitment to integrity, meaningful conversations, and a unique personal financial roadmap. Whether it’s navigating significant life changes or formalizing a vision for a secure financial future, Walden Wealth Partners considers every detail to create on-point plans that make your goals achievable. Without commissions or referral fees, the firm's recommendations are transparent and conflict-free. Walden’s investment approach is evidence-based, low cost, and tax-efficient.
Investment strategy results from a rigorous analysis of your life goals, financial risk capacity, emotional risk tolerance, preferences and experiences, and financial strengths and risks. Walden recommends investments in low-cost mutual funds and Exchange-Traded Funds (ETFs). The group can also integrate long-held individual stocks and other legacy investments, especially to minimize capital gain taxes. Most often, clients pre-approve the investment strategy and give Walden the discretion to manage the strategy without client pre-approval of each investment purchase or sale. In a few relationships, Walden seeks client pre-approval for each investment purchase or sale. Walden is wholly independent and does not have a biased or conflicted interest in any type of financial or insurance product.
- Founded: 2015
- Headquarters: Solon, OH
- Discretionary Assets: ~$188M+
- Non-Discretionary Assets: ~$7.9M+
- Total AUM: ~$196M+
- Specialties: Financial planning services, investment services, fee-only, and wealth management
A registered investment advisor (RIA) is any firm advising or managing the wealth of high-net-worth individuals or institutions. Directly regulated by the Securities Exchange Commission (SEC), RIAs offer a wide range of financial services — from wealth and investment management to direct lending and personal finance education, etc. An important distinction regarding RIAs is the fiduciary obligation to always act in the best interest of their clients.
With complete coverage of over 3,090+ family offices, 15,800+ family office contacts, and 19,600+ tracked investments, FINTRX ensures direct access to accredited investor intelligence. The FINTRX platform is an essential tool in understanding the family office landscape in the U.S. and abroad, while also empowering users to uncover commonalities with these family offices for effective, personal outreach.
For an in-depth exploration of the FINTRX family office platform, request a demo below.
May 13, 2021
Renae Hatcher is a member of the marketing team at FINTRX - focused on delivering targeted & relevant family office and registered investment advisor content to our subscribers.