Waterstone Investment Counsel, LLC (Cincinnati)


Waterstone Investment Counsel, LLC is a large advisory firm based in Cincinnati. It manages $103.75 million of regulatory assets for 433 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida, Kentucky, and Ohio.

Waterstone Investment Counsel 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.

Waterstone Investment Counsel: assets under management

The assets under management (AUM) of Waterstone Investment Counsel, LLC is $103.75 million. The firm's AUM has grown by 76% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $103.44 million in discretionary accounts and $306.27 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $241.12 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $76.57 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Waterstone Investment Counsel, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Waterstone Investment Counsel serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Waterstone Investment Counsel is high net worth individuals with 88 clients and $82.69 million of assets under management. Among the 12 most similar advisory firms, Waterstone Investment Counsel has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $103.75 million for 297 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.

Waterstone Investment Counsel doesn't advise any private funds.

Careers at Waterstone Investment Counsel, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Don Gayle Brosz Managing partner 1 Jul 1995 50% - 75% 714001
Mark Alan Roberts Managing partner/chief compliance officer 1 May 1996 50% - 75% 1073632

Based in Cincinnati

The principal office where Waterstone Investment Counsel, LLC performs its advisory services is located at 9435 Waterstone Boulevard, Cincinnati, OH 45249 8227, 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 513-573-0440. The normal business hours are 8:00am - 4:30pm on Monday - Friday. You can find more information about the New York firm at waterstone-ic.com.

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