Wealthtrust Fairport, LLC (Cleveland)

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

Wealthtrust Fairport: assets under management

The assets under management (AUM) of Wealthtrust Fairport, LLC is $1.77 billion. The firm's AUM has grown by 68% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.35 billion in discretionary accounts and $427.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $882.67 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2 million.

Wealthtrust Fairport has custody of $42.77 million in cash and securities for 20 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealthtrust Fairport, LLC for their services and products based on a percentage of assets under management 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 Marvin Rush Benton serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Marvin Rush Benton is high net worth individuals with 375 clients and $1.55 billion of assets under management. Among the 9 most similar advisory firms, Wealthtrust Fairport has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.77 billion for 705 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

Wealthtrust Fairport doesn't advise any private funds.

Careers at Wealthtrust Fairport, LLC

The company employs 27 people that are either part- or full-time employees. 19 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Marvin Rush Benton has been acting as President since 1 Sep 2007. Llc Thl Equity Fund Vii Investors (Ht) joined the executive team most recently as the Owner.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 39 indirect owners.

Based in Cleveland

The principal office where Wealthtrust Fairport, LLC performs its advisory services is located at 1350 Euclid Avenue, Cleveland, OH 44115 1833, 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 216-431-3000 or by fax 216-431-4057. 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 fairportasset.com.

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