Fifth Third Securities, Inc. (Cincinnati)

Name: Fifth Third Securities, Inc.
Address: 34 Fountain Square Plaza, Cincinnati, OH, 45263
Telephone: 888-889-1025

Fifth Third Securities, Inc. is a large advisory firm based in Cincinnati. It manages $1.12 billion of regulatory assets for 6,165 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Fifth Third Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and sponsor wrap fee program. It prepares financial plans for approximately 2,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fifth Third Securities: assets under management

The assets under management (AUM) of Fifth Third Securities, Inc. is $1.12 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 199% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.12 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $182.14 thousand each.

Fifth Third Securities has custody of $4.6 billion in cash and securities for 28,716 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 38% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Fifth Third Securities, Inc. for their services and products based on a percentage of assets under management. 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 Ralph S Iii Michael 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 Ralph S Iii Michael is individuals with 5,959 clients and $988.54 million of assets under management. Among the 9 most similar advisory firms, Fifth Third Securities has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.12 billion for 6,165 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.

Fifth Third Securities doesn't advise any private funds.

Careers at Fifth Third Securities, Inc.

The company employs 1,414 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. 891 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.

Ralph S Iii Michael has been acting as President since 1 Jul 2017. Brian Daryl Lamb joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Fifth Third Bancorp	Owner	1 Jun 1998	75% - 100%	31-0854433
Fifth Third Bank	Owner	1 Jun 1998	75% - 100%	31-0676865
Jeffrey Stewart Chapman	Director	1 Oct 1998	Other	1424737
Martin Henry Vogtsberger	Director	1 Oct 1998	Other	838534
Milan Rashmikant Patel	Vice president	1 Mar 1999	Other	2320912
Elliot Bruce Spieler	Assistant cashier and senior registered options principal	1 Aug 1999	Other	1730862
John Lee Jr Mcdaniel	Assistant vice president and assistant secretary	1 Aug 1999	Other	2749946
Jordan Austin Jr Miller	Director & chief executive officer	1 Aug 2000	Other	1677718
Kevin Sean Woodard	Chief legal officer	1 Apr 2002	Other	2523425
Holli Jo Alexander	Financial and operations principal (finop)	1 Apr 2002	Other	4336279
David Andrew Loasby	Director of compliance	1 Jun 2002	Other	2581206
Mark Andrew Gregory	Aml officer	1 Jul 2002	Other	2253531
Robert Marc Cecilio	Manager of brokerage operations/cfo	1 Nov 2003	Other	1539928
Shanda Susan Gentry	Risk management officer	1 Apr 2004	Other	2183318
Richard Hwa Chiu	Cco of advisory services	1 Sep 2004	Other	1856846
John Lee Jr Mcdaniel	Chief legal officer	1 Jan 2005	Other	2749946
Timothy D Wasson	Cco fifth third securities	1 Jan 2005	Other	1719052
Mark Andrew Gregory	Aml officer	1 Feb 2005	Other	2253531
Phillip Edward Chambers	Director & chief executive officer	1 Mar 2005	Other	2279585
Todd Jeremy Wartman	Crop	1 May 2005	Other	2665350
Brian Scott Brewer	Srop	1 May 2005	Other	2973586
Christina Ann Mccarthy	Aml officer	1 Jun 2005	Other	4120141
Joseph Stephen Daft	Cco of advisory services	1 Jul 2005	Other	4213735
Brandi Cole Thompson	Aml officer	1 Aug 2005	Other	4853498
Jarrett Andrew Jacobs	Aml officer/ria chief compliance officer	1 Jun 2006	Other	3190249
Howard Hammond	Managing director	1 Jan 2007	Other	2118196
Holli Jo Alexander	Director	1 Nov 2007	Other	4336279
Ginger Michelle Kelly	Director, administrative officer - retail	1 Mar 2011	Other	2357692
Justin Michael Overmann	Director, brokerage operations	1 May 2011	Other	4419793
Robert Franklin Marcus	Head of capital markets	1 Apr 2012	Other	2512810
Jarrett Andrew Jacobs	Interim bd chief compliance officer/ria chief compliance officer	1 Oct 2012	Other	3190249
Philip Raymond Mchugh	Director	1 Dec 2012	Other	3143775
Jarrett Andrew Jacobs	Bd chief compliance officer/ria chief compliance officer	1 Mar 2013	Other	3190249
Mark Emmet Brown	Director, administrator officer - capital markets	1 Jan 2015	Other	2000435
Kristina Lynn Anderson	Chief administrative officer - capital markets	1 Dec 2015	Other	3050129
Keith Gregary Watson	Director, business controls manager	1 Jul 2017	Other	4184001
Ralph S Iii Michael	Director	1 Jul 2017	Other	1639667
Brian Daryl Lamb	Director	1 Mar 2018	Other	6918171

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Fifth Third Financial Corporation	Shareholder	1 Jun 1998	75% - 100%	31-1755886

Based in Cincinnati

The principal office where Fifth Third Securities, Inc. performs its advisory services is located at 34 Fountain Square Plaza, Cincinnati, OH 45263 The mailing address of the firm is 38 Fountain Square, Cincinnati, OH 45263. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-889-1025 or by fax 513-358-1710. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at 53.com.