Ardent Capital Management, Inc. (Cincinnati)

Name: Ardent Capital Management, Inc.
Address: 7864 Camargo Rd, Cincinnati, OH, 45243
Telephone: 513-831-9393

Ardent Capital Management, Inc. is a large advisory firm based in Cincinnati. It manages $174.94 million of regulatory assets for 233 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Kentucky, Louisiana, Ohio, and Texas.

Ardent Capital Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ardent Capital Management: assets under management

The assets under management (AUM) of Ardent Capital Management, Inc. is $174.94 million. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $126.71 million in discretionary accounts and $48.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $548.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $24.12 million.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is derivatives, which make up 21% of the firm’s portfolio. Investments in investment and business development companies form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ardent Capital Management, 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 Ardent Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Ardent Capital Management is high net worth individuals with 38 clients and $147.46 million of assets under management. Among the 8 most similar advisory firms, Ardent Capital Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $174.94 million for 90 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.

Ardent Capital Management doesn't advise any private funds.

Careers at Ardent Capital Management, Inc.

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 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
Christopher James Donabedian	Principal, chief compliance officer	1 Jan 2017	75% - 100%	2510720
Brian Gordon Wade	Managing director	1 Jan 2017	Other	2314108

Based in Cincinnati

The principal office where Ardent Capital Management, Inc. performs its advisory services is located at 7864 Camargo Rd, Cincinnati, OH 45243, 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 513-831-9393 or by fax 513-831-9422. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at ardentcapitalmanagement.com.