Cbiz Financial Solutions, Inc. is a large advisory firm based in Cleveland. It manages $17.82 billion of regulatory assets for 1,080 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, Arkansas, California, and 32 other states.
Cbiz Financial Solutions provides portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cbiz Financial Solutions, Inc. is $17.82 billion. The firm's AUM has grown by 3206% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Cbiz Financial Solutions, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to charitable organizations, banking or thrift institutions, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Luke Flagg Baum is pension and profit sharing plans with 857 clients and $15.83 billion of assets under management. Among the 7 most similar advisory firms, Cbiz Financial Solutions has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $16.08 billion for 881 clients. None of the firm’s clients are foreign persons or businesses.
Cbiz Financial Solutions doesn't advise any private funds.
The company employs 61 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 46 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people 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 receive compensation from other entities for client referrals.
Luke Flagg Baum has been acting as President since 1 Aug 2005. Kathryn Hale Louttit joined the executive team most recently as the Executive Representative And Chief Compliance Officer.
The principal office where Cbiz Financial Solutions, Inc. performs its advisory services is located at 6050 Oak Tree Blvd, Cleveland, OH 44131, which is also the mailing address of the firm. An additional office of the firm is in Maitland, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 216-447-9000 or by fax 216-447-9007. The normal business hours are 9:30 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at smartplan.com.