9258 Wealth Management, LLC (Blue Ash)

Name: 9258 Wealth Management, LLC
Address: 4420 Cooper Road, Blue Ash, OH, 45242
Telephone: 513-791-9258

9258 Wealth Management, LLC is a large advisory firm based in Blue Ash. It manages $369.73 million of regulatory assets for 1,767 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, Indiana, and 5 other states.

9258 Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

9258 Wealth Management: assets under management

The assets under management (AUM) of 9258 Wealth Management, LLC is $369.73 million. The firm's AUM has grown by 8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $360.09 million in discretionary accounts and $9.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $207.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $283.45 thousand.

9258 Wealth Management has custody of $3.89 million in cash and securities for 8 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 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay 9258 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 9258 Wealth Management 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 9258 Wealth Management is high net worth individuals with 65 clients and $185 million of assets under management. Among the 11 most similar advisory firms, 9258 Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $341.31 million for 758 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.

9258 Wealth Management doesn't advise any private funds.

Careers at 9258 Wealth Management, LLC

The company employs 10 people that are either part- or full-time employees. 90 percent of the employees work as investment advisers or researchers. 9 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.

Shawn Luther Fishbaugh has served as the Chief Investment Officer since 1 Jan 2019. Andy John Armstrong joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Walter Bishop Lunsford	President, ceo, and managing partner	1 Nov 2017	75% - 100%	1070860
Matthew Ryan Tranquilli	Evp, director of retail and qualified plan operations	1 Nov 2017	Other	4623477
Andy John Armstrong	Chief compliance officer	1 Dec 2017	Other	4448534
Shawn Luther Fishbaugh	Chief investment officer	1 Jan 2019	Other	2296562

Based in Blue Ash

The principal office where 9258 Wealth Management, LLC performs its advisory services is located at 4420 Cooper Road, Blue Ash, OH 45242, 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 513-791-9258. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at 9258wealth.com.