Ellsworth Advisors, LLC

Ellsworth Advisors, LLC is a registered investment advisory firm headquartered in Medina, Ohio, a community situated in the greater Cleveland–Akron metropolitan corridor of northeast Ohio. The firm was founded by Keith Ellsworth, who serves as Managing Member and leads the practice's investment philosophy, strategic direction, and client advisory operations. Brian Ellsworth serves as Partner and Portfolio Manager, contributing to the firm's security selection process and portfolio construction discipline. This family-rooted, multigenerational leadership structure creates a natural alignment of interest between the firm's principals and its clients, reflecting a fiduciary culture built on personal accountability and long-term relationship stewardship. Filing with the SEC under CIK #0001843553, Ellsworth Advisors commenced its 13F reporting in the early 2020s, positioning it as a newer entrant to the 13F reporting landscape. Despite this more recent filing history, the firm has established a substantial equity portfolio footprint, demonstrating effective client acquisition and asset growth within the competitive wealth advisory market. The firm provides discretionary portfolio management, financial planning, and comprehensive wealth advisory services to high-net-worth individuals, families, and select retail clients across northeast Ohio and beyond. Mediana's location in Ohio's Western Reserve region places Ellsworth Advisors within a Midwest financial advisory ecosystem characterized by pragmatic, client-centric business models and conservative investment sensibilities. The firm's independent RIA structure affords it the flexibility to implement its investment philosophy without the product mandates or proprietary fund requirements that can constrain advisors affiliated with larger broker-dealer platforms. The firm's growing 13F History is accessible through this platform, enabling researchers and allocators to examine the formative equity allocation decisions that define Ellsworth Advisors' portfolio construction approach during its initial years of institutional development.

Ellsworth Advisors, LLC employs a dividend growth investment philosophy blended with core equity principles, constructing diversified portfolios that prioritize companies with established track records of dividend payment and growth alongside prospects for long-term capital appreciation. This dual-objective approach — seeking both current income through dividends and capital growth through equity appreciation — reflects a wealth management mandate calibrated for clients who value the tangible cash flow characteristics of dividend-paying equities as well as the long-term compounding potential of equity ownership. Examination of the firm's 13F Portfolio Composition reveals a broadly diversified equity portfolio with meaningful allocations spanning technology, healthcare, financials, industrials, and consumer staples. This multi-sector construction reflects a deliberate portfolio design that balances growth-oriented sector exposure with defensively positioned income-generating holdings. Technology allocations capture secular growth and innovation-driven value creation, though the firm's selections within this sector tend to favor established, cash-flow-generative platforms capable of sustaining and growing dividend commitments — companies like mature technology leaders with shareholder-friendly capital return policies — rather than speculative, pre-profit growth names. Healthcare holdings provide both defensive earnings stability and exposure to demographic-driven demand trends, while financial sector positions offer sensitivity to interest rate cycles and typically represent some of the most consistent dividend-paying segments of the equity market. Industrial allocations contribute cyclical growth exposure linked to manufacturing activity and infrastructure investment, sectors with long traditions of dividend commitment. Consumer staples positions anchor the portfolio's defensive characteristics, providing exposure to companies with highly predictable revenue streams, pricing power, and decades-long histories of uninterrupted dividend growth — the classic "dividend aristocrat" profile. The firm's security selection methodology appears to prioritize several interconnected quality markers: consistent and growing dividend payments, sustainable payout ratios that indicate the dividend is funded by genuine free cash flow rather than balance sheet deterioration, competitive moats that protect long-term profitability, and management teams committed to shareholder returns through disciplined capital allocation. This quality-and-income framework functions simultaneously as a return driver — dividend growth stocks have historically compounded competitively over long periods — and as a risk management filter, as the financial discipline required to maintain growing dividends naturally screens out weaker, more leveraged businesses. Portfolio turnover at Ellsworth Advisors is notably low, consistent with a patient, long-horizon ownership philosophy. Dividend growth investing inherently encourages buy-and-hold behavior, as the compounding benefit of rising dividend income over time rewards investors who maintain positions through market volatility rather than trading reactively. This low-turnover approach also minimizes tax drag from capital gains realization — a particularly valuable attribute for taxable client accounts where after-tax total return is the relevant performance measure. The firm's Sector Allocation History can be tracked through the platform's analytical tools, revealing how its sector weightings have evolved and whether the dividend growth mandate creates systematic sector biases that shift with changing market and interest rate conditions. INVESTMENT RISK PROFILE The risk profile of Ellsworth Advisors' disclosed portfolio is fundamentally shaped by its dividend growth orientation and diversified sector construction. Dividend growth portfolios carry a distinctive risk-reward signature that differs meaningfully from pure growth, pure value, or index-tracking approaches, offering specific advantages and vulnerabilities that merit careful evaluation. On the protective side, dividend-paying companies are generally characterized by greater financial maturity, stronger balance sheets, and more predictable cash flow generation than their non-dividend-paying counterparts. These characteristics provide natural downside cushioning during market corrections — dividend-paying stocks have historically experienced smaller drawdowns during bear markets, as the dividend yield creates a valuation floor and attracts income-seeking capital during periods of price weakness. The Max Drawdown Depth of Ellsworth Advisors' disclosed portfolio can be examined through the platform's risk analytics, and the dividend growth bias would be expected to produce a more moderate drawdown profile relative to pure growth or concentrated strategies during broad market selloffs. The multi-sector diversification across technology, healthcare, financials, industrials, and consumer staples provides additional structural risk management. During sector-specific stress events, the breadth of exposure reduces the portfolio's vulnerability to any single sector's decline. This cross-sector construction is particularly valuable in the dividend growth context, as different sectors face dividend sustainability pressures under different macroeconomic conditions — financials may face dividend cuts during credit crises, energy companies during commodity price collapses, and consumer cyclicals during recessions — and diversification across these dividend ecosystems reduces concentration risk in any one dividend vulnerability cluster. However, the dividend growth orientation introduces specific risk considerations. During periods of aggressive, momentum-driven market rallies led by high-growth, non-dividend-paying technology names — as witnessed during portions of 2020–2021 and the AI-driven rally of 2023–2024 — dividend-oriented portfolios can meaningfully lag market-cap-weighted benchmarks. This relative performance shortfall reflects the structural underweight to high-momentum growth names that the dividend requirement naturally creates. For clients evaluating performance against headline index returns, these periods of relative lagging can create perception challenges despite the strategy delivering on its stated total return and income generation objectives. The Volatility Profile of the firm's portfolio is best evaluated through a total return lens that incorporates dividend income alongside capital appreciation. Dividend growth portfolios typically exhibit lower realized volatility than broad equity markets, a characteristic that can enhance risk-adjusted metrics such as the Sharpe ratio when evaluated across full market cycles. The platform's Performance Backtests Online tools enable users to simulate these dynamics and assess whether the firm's specific implementation of the dividend growth philosophy has delivered the reduced volatility characteristics that the strategy theoretically provides. Interest rate sensitivity represents an additional risk dimension. Rising rate environments can create headwinds for dividend-paying equities as fixed-income alternatives become more competitive for yield-seeking capital, potentially compressing the relative attractiveness of dividend stocks and creating price pressure. Conversely, declining rate environments historically benefit dividend strategies by enhancing the relative value of equity income. Ellsworth Advisors' portfolio behavior during the 2022–2023 rate hiking cycle provides early diagnostic evidence of how its dividend growth construction navigates this rate sensitivity dynamic.

Ellsworth Advisors, LLC presents the profile of a family-led, dividend growth-oriented registered investment advisory firm establishing its institutional identity from northeast Ohio. Under Keith and Brian Ellsworth's leadership, the firm constructs broadly diversified equity portfolios emphasizing companies with established and growing dividend commitments across technology, healthcare, financials, industrials, and consumer staples — a blended approach designed to deliver total returns through the dual engines of dividend income and capital appreciation. The firm's defining attributes — multigenerational family leadership, dividend growth investment philosophy, broad sector diversification, and notably low portfolio turnover — create a cohesive investment identity oriented toward patient, income-aware wealth compounding. This approach is particularly well-suited to clients who value the tangible cash flow characteristics of dividend income, the financial discipline that dividend sustainability imposes on portfolio companies, and the reduced volatility historically associated with dividend growth strategies. The Annualized Return (CAGR) implied by historical replication of Ellsworth Advisors' disclosed holdings can be simulated through the platform's Portfolio Simulator, rescaled to a chosen starting capital. For dividend growth strategies, total return analysis that incorporates reinvested dividends is essential — the compounding of growing dividend income over extended periods can represent a substantial proportion of total wealth creation, and evaluating the strategy on a price-return-only basis significantly underestimates its wealth-building characteristics. The Sortino Ratio is a particularly instructive risk-adjusted metric for evaluating Ellsworth Advisors' approach. Because dividend growth portfolios are specifically designed to limit downside volatility while participating in upside, the Sortino ratio — which penalizes only downside deviation — may more accurately capture the strategy's risk efficiency than the standard Sharpe ratio, which treats upside and downside volatility symmetrically. The firm's filing history under CIK #0001843553, while still in its formative phase, will become increasingly analytically valuable as additional quarterly disclosures expand the dataset across varied market conditions. A critical diagnostic question for researchers and allocators evaluating this firm: As dividend growth strategies have attracted substantial capital flows and the valuations of traditional dividend aristocrat equities have become increasingly competitive, does Ellsworth Advisors' security selection process demonstrate the ability to identify emerging dividend growers — companies in the early stages of their dividend growth trajectory — that offer superior total return potential relative to mature, widely held dividend stalwarts, and does this dynamic element of the portfolio provide a differentiated compounding advantage that distinguishes the firm from passive dividend index exposure?