In an effort to highlight prominent RIAs, FINTRX - the leading wealth management data provider - spotlights three of the largest registered investment advisors in Ohio, each serving high-net-worth clients with expert financial guidance and a strong commitment to fiduciary standards. FINTRX explores what sets these firms apart and the impact they have on Ohio's wealth management landscape.
Founded in 1963 by Larry S. Rybka, Valmark Advisers Inc., part of Valmark Financial Group, is a registered investment advisor based in Akron, Ohio, managing approximately $5.7 billion in assets. Initially, the company made its mark as the leading general agency for the Minnesota Mutual Life Insurance Company. In 1996, Valmark took a pivotal step, merging a high-end life insurance producer group with comprehensive securities and investment advisory services to better serve its clients. Today, the firm specializes in life insurance, equity, investment advisory, risk management, and retirement planning products and services tailored for top-tier financial advisors.
With over 50 years and three generations of leadership, Valmark has been a trailblazer in the financial services industry, partnering with entrepreneurial wealth transfer and wealth management firms to meet clients' evolving needs. Supported by dedicated RIA specialists and a robust network of third-party asset managers, Valmark Advisers has become the firm’s fastest-growing entity and a primary income source for many of its advisors.
- Founded: 1963
- Headquarters: Akron, OH
- Total AUM: ~$5.7B+
- Specialties: Insurance & investment management services, estate & retirement planning, and long-term care.
Founded in December 2005 by Landon R. Jones, LRJ Wealth Management, LLC is a registered investment advisor based in Solon, Ohio, with approximately $458 million in assets under management. The team at LRJ Wealth Management serves affluent families nationwide, including those with family members with special needs through its Autism Treatment Funding program. As the founder of LRJ has a child with Autism Spectrum Disorder, special needs planning is a deeply personal and passionate focus for the organization.
LRJ's professionals provide multi-generational planning to meet the comprehensive financial needs of these families, prioritizing financial security, continuity of government assistance programs, custodianship, and ongoing access to essential therapies. LRJ ensures that vital resources and long-term care are in place for lasting support. Beyond special needs families, LRJ Wealth Management also serves widows, divorcees, physicians, retirees, entrepreneurs, and executives, delivering integrated financial services at a substantially lower cost.
- Founded: 2005
- Headquarters: Solon, OH
- Total AUM: ~$458M+
- Specialties: Income planning, asset management, wealth transfer, risk management, tax planning, employee benefits and buy-sell agreements; Specialty services vary depending on the type of client.
Wealthspire Advisors, established in 1995, is a registered investment advisor offering comprehensive financial planning and investment management services. With over 370 professionals, the firm manages approximately $28.98 billion in assets as of September 30, 2024. Wealthspire serves a diverse clientele, including individuals, families, and institutions, providing personalized strategies tailored to each client's unique financial goals. The firm operates as a fiduciary, ensuring that client interests are prioritized in all advisory relationships.
In September 2023, Wealthspire announced its largest acquisition to date, agreeing to purchase GM Advisory Group, an RIA overseeing around $6.3 billion in assets. This acquisition is expected to bring Wealthspire's total assets under management to approximately $24.4 billion, further expanding its presence and capabilities in the wealth management industry. Wealthspire's commitment to fiduciary standards, personalized service, and a broad range of financial expertise positions it as a leading firm in the wealth management sector.
- Founded: 1995
- Headquarters: Beachwood, OH
- Total AUM: ~$24.4B
- Specialties: Financial planning, investment services, retirement planning and wealth management
FINTRX is a unified data & research platform providing comprehensive data intelligence on 850,000+ financial institution & advisor records designed to help industry professionals identify, access and map the global wealth management ecosystem. FINTRX data intelligence covers over 70,000+ financial entities, including family offices, endowments, foundations, RIAs, broker dealers and advisor wealth teams as well as 750,000+ associated reps & key contacts. Data for every record within FINTRX is aggregated from various public & private sources and regularly verified by an extensive research team to ensure reliable, high-quality data.