Fifth Third Wealth Advisors, a wholly owned subsidiary of Fifth Third Bank launched in 2022, manages $7.8 billion mainly for ultra-high-net-worth clients with about $9 million in average household assets. CIO Chris Osmond says the firm sets strategic allocations over three to five years and tactical shifts over six to 12 months, using a four-quadrant framework based on growth and inflation. In today's rising growth and rising inflation regime, it favors real assets, passive management in large caps and active management in emerging markets and fixed income. A moderate growth model holds 60% equities, 37% fixed income and around 3% cash, with liquid alternatives like REITs, commodities and infrastructure as diversifiers. Osmond is very bullish on infrastructure and sees rising yields as the biggest risk.
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