Torch Wealth Management LLC (Cincinnati)

Name: Torch Wealth Management LLC
Address: 4500 Cooper Road, Cincinnati, OH, 45242
Telephone: 513-285-7080

Torch Wealth Management LLC is a large advisory firm based in Cincinnati. It manages $264.78 million of regulatory assets for 371 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Kentucky, New Hampshire, and Ohio.

Torch Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Torch Wealth Management: assets under management

The assets under management (AUM) of Torch Wealth Management LLC is $264.78 million. 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 $264.27 million in discretionary accounts and $511.32 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $718.12 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $170.44 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in investment and business development companies form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Torch Wealth Management LLC 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 Edward Michael Haberer serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Edward Michael Haberer is high net worth individuals with 66 clients and $225.42 million of assets under management. Among the 12 most similar advisory firms, Torch Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $264.78 million for 152 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.

Torch Wealth Management doesn't advise any private funds.

Careers at Torch Wealth Management LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Edward Michael Haberer has been acting as President since 1 Sep 2013. Elizabeth A Dayter joined the executive team most recently as the Member/Director Of Client Services.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donald Lee Keller	Member, chief investment officer	1 Aug 2013	25% - 50%	4648523
Irene Mcdonough Dake	Managing member, chief compliance officer	1 Aug 2013	25% - 50%	4369433
Edward Michael Haberer	Member/president	1 Aug 2013	25% - 50%	232823
Elizabeth A Dayter	Mamber/director of client services	1 Aug 2013	25% - 50%	6246548
Edward Michael Haberer	Member/president	1 Sep 2013	25% - 50%	232823
Elizabeth A Dayter	Member/director of client services	1 Sep 2013	25% - 50%	6246548

Based in Cincinnati

The principal office where Torch Wealth Management LLC performs its advisory services is located at 4500 Cooper Road, Cincinnati, 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 513-285-7080 or by fax 513-322-4565. The normal business hours are 8:30 to 4:30 on Monday - Friday. You can find more information about the New York firm at torchwealth.com.