Thor Investment Management Inc (Cincinnati)

Name: Thor Investment Management Inc
Address: 7346 Beechmont Ave., Cincinnati, OH, 45230
Telephone: 513-271-6777

Thor Investment Management Inc is a large advisory firm based in Cincinnati. It manages $337.84 million of regulatory assets for 1,437 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Colorado, Florida, Indiana, and 5 other states.

Thor Investment Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and tax planning, retirement planning, estate planning. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Thor Investment Management: assets under management

The assets under management (AUM) of Thor Investment Management Inc is $337.84 million. The firm's AUM has grown by 595% since the beginning of its operation, and $1.96 million of the total AUM is attributable to clients outside of the United States.

The firm manages $326.08 million in discretionary accounts and $11.75 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $231.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $435.34 thousand.

Thor Investment Management has custody of $4.04 million in cash and securities for 4 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 82% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Thor Investment Management Inc 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 Mark Frederick Kleespies serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mark Frederick Kleespies is high net worth individuals with 89 clients and $183.79 million of assets under management. Among the 9 most similar advisory firms, Thor Investment Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $336.45 million for 439 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Thor Investment Management doesn't advise any private funds.

Careers at Thor Investment Management Inc

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Mark Frederick Kleespies has been acting as President since 1 Jan 1997. James Edward Gore has served as the Chief Investment Officer since 1 Apr 1992. Jenna Kimberly Kaiser joined the executive team most recently as the Chief Operations Officer/Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Edward Gore	Chief investment officer/vice-president/shareholder	1 Apr 1992	25% - 50%	1527100
Mark Frederick Kleespies	President/shareholder	1 Jan 1997	25% - 50%	4362949
Gregory Charles Luke	Chief compliance officer/vice-president/shareholder	1 Jul 2002	25% - 50%	4583257
Jenna Kimberly Kaiser	Chief operations officer/shareholder	1 Jan 2005	Other	5117851

Based in Cincinnati

The principal office where Thor Investment Management Inc performs its advisory services is located at 7346 Beechmont Ave., Cincinnati, OH 45230, 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 513-271-6777 or by fax 513-271-5401. The normal business hours are 8:30 a.m to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at thorinvestment.com.