Total Wealth Planning, LLC (Cincinnati)

Name: Total Wealth Planning, LLC
Address: 4665 Cornell Rd., Cincinnati, OH, 45241
Telephone: 513-984-6696

Total Wealth Planning, LLC is a large advisory firm based in Cincinnati. It manages $444.67 million of regulatory assets for 1,585 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Florida, Illinois, and 5 other states.

Total Wealth Planning provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Total Wealth Planning: assets under management

The assets under management (AUM) of Total Wealth Planning, LLC is $444.67 million. The firm's AUM has grown by 24% since the beginning of its operation, and $2.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $395.17 million in discretionary accounts and $49.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $267 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $471.47 thousand.

Total Wealth Planning has custody of $38 million in cash and securities for 70 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 64% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Total Wealth Planning, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Total Wealth Planning serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Total Wealth Planning is high net worth individuals with 165 clients and $336.56 million of assets under management. Among the 9 most similar advisory firms, Total Wealth Planning has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $426.05 million for 406 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.

Total Wealth Planning doesn't advise any private funds.

Careers at Total Wealth Planning, LLC

The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 6 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
Robert Norman Siegmann	Cco and member	1 Jan 2015	25% - 50%	3061599
Robert Joseph Lemmons	Member	1 Jan 2015	25% - 50%	4105906
David Dean Wilder	Member	1 Jan 2015	25% - 50%	2063597

Based in Cincinnati

The principal office where Total Wealth Planning, LLC performs its advisory services is located at 4665 Cornell Rd., Cincinnati, OH 45241, 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 513-984-6696 or by fax 513-984-9270. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at twpteam.com/.