Foster & Motley, Inc. (Cincinnati)

Name: Foster & Motley, Inc.
Address: 7755 Montgomery Road, Cincinnati, OH, 45236
Telephone: 513-561-6640

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.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Foster & Motley, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Foster & Motley 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 Foster & Motley is high net worth individuals with 354 clients and $1.1 billion of assets under management. Among the 10 most similar advisory firms, Foster & Motley has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.3 billion for 633 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.

Foster & Motley doesn't advise any private funds.

Careers at Foster & Motley, Inc.

The company employs 36 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 18 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 compensates 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
David Alan Foster	Shareholder & director	1 Jan 1997	Other	2974571
William Mark Motley	Chairman, shareholder & director	1 Jan 1997	Other	1942813
Ralph Jacob Scherer	Secretary, shareholder & director	1 Dec 2001	Other	1788840
John Akin Melville	Shareholder	1 Mar 2003	Other	1943130
Paul David Staubach	President and treasurer, shareholder & director	1 Jan 2005	Other	4657356
Elizabeth M Green	Shareholder & director	1 Jan 2006	Other	3032268
Lucas Parker Hail	Shareholder & director	1 Jan 2006	Other	2610234
Lawrence James Bernhard	Chief compliance officer	1 Jan 2011	Other	1672014
Anthony Robert Luckhardt	Shareholder	1 Jan 2012	Other	2829070
Thomas J. Guidi	Shareholder & director	1 Jan 2012	Other	4402624
David J Nienaber	Shareholder	1 Jan 2015	Other	5475768
Zachary Tyler Horn	Shareholder	1 Jan 2015	Other	5074199
Joseph Anthony Patterson	Shareholder	1 Jan 2017	Other	6350598

Based in Cincinnati

The principal office where Foster & Motley, Inc. performs its advisory services is located at 7755 Montgomery Road, Cincinnati, OH 45236, 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 513-561-6640 or by fax 513-272-7527. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at fosterandmotley.com.