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Eagle Strategies Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Eagle Strategies, LLC

Headquartered in New York, Eagle Strategies offers financial planning and investment management in all 50 states and the District of Columbia. It’s a wholly owned subsidiary of New York Life Insurance Company, and many of its advisors are licensed agents or representatives of the insurance company and its subsidiaries, New York Life Insurance and Annuity Corporation and NYLIFE Securities.

With billions in assets under management, Eagle Strategies serves almost entirely both high-net-worth and non-high-net-worth individuals. It also works with pension and profit-sharing plans; traditional, Roth, SEP and SIMPLE IRAs; trusts; estates; charitable organizations; donor-advised funds; and businesses. Generally, its financial planning clients have a net worth or income greater than $50,000.

Eagle Strategies Background

Eagle Strategies started as NYLIFE Advisors in 1988. It changed its name to Eagle Strategies, Corp. in 1994 and re-formed as an LLC in 2007.

Greg Webster, the president and CEO of Eagle Strategies, is also a vice president at New York Life Insurance Company. Previously, he held leadership roles at Financial Services Industry Advisory and Consulting, Headwaters SC Group, HSBC Brokerage and Park Avenue Securities.

Eagle Strategies Client Types and Minimum Account Sizes

The bulk of the firm’s business is with individual clients. Roughly one-quarter of them are high net worth, while the rest are not. As mentioned earlier, the firm also serves pension and profit-sharing plans; traditional, Roth, SEP and SIMPLE IRAs; trusts; estates; charitable organizations; donor-advised funds; corporations and other business entities.

Eagle Strategies offers many different advisory programs with optional features, and account minimums vary, depending on the program and features.

Services Offered by Eagle Strategies

Eagle Strategies’ primary business is providing financial planning and investment management services. It offers many different programs and variations of them. Generally, though, they fall into three categories: wrap fee, non wrap fee and solicitor. It’s also possible to have a brokerage, mutual fund or other securities product account. Additionally, all investment accounts are on a non-discretionary basis, meaning advisors will not make trades without getting a client’s approval first.

Under the wrap fee program, there are four programs, collectively called the Lifetime Wealth Portfolio Programs: 

  1. Fund Advisory
  2. Separately Managed Account
  3. Representative Directed 
  4. Unified Managed Account

The Lifetime Wealth Portfolio Programs, in turn, get support from Envestnet Asset Management, Inc. (for platform managerial services), National Financial Services (for custody, clearing and administrative services) and NYLIFE Securities (for brokerage services).

Under the non wrap fee program, Eagle Strategies offers what it calls financial plans, limited financial planning services, financial seminars and fee-based hourly advice.

Finally, with the solicitor program, where Eagle Strategies will connect clients to unaffiliated third-party advisors to provide investment advisory services, there are two programs: one with Brinker Capital Inc. and one with Frontier Asset Management, LLC

Eagle Strategies Investing Philosophy

Eagle Strategies has no single, overarching investing philosophy, as one of its selling points is access to its diverse network of investment services professionals.

Fees Under Eagle Strategies

Fees vary, depending on the program. Generally, the wrap fee programs base their fees on a percentage of billable assets under management, which roughly amount to the value of securities and cash. On top of the Eagle Strategies’ fee, there is the fee of the investment program sponsor. Here is a breakdown of how much a wrap fee program participant could pay at most:

Eagle Strategies Fee Schedule
Programs Advisor Fee Sponsor Fee Total Client Fee
FA Program 1.50% 0.27% to 0.62% 1.77% to 2.12% 
SMA Program (Fixed-Income Strategies) 1.50% 0.42% to 0.62% 1.92% to 2.12% 
SMA Program (Equity and Balanced Strategies)  1.50% 0.58% to 0.82% 2.08% to 2.32%
Representative Directed Programs  1.50% 0.15% 1.65% 
UMA Programs  1.50% 0.27% to 0.80% 1.77% to 2.30%

What to Watch Out For

According to Eagle Strategies’ most recent SEC-filed Form ADV, it has 33 disclosures on its record. All but three of these apply to advisory affiliates of the firm, with the final one being attributed to the firm directly.

As mentioned earlier, many Eagle Strategies advisors are also broker-dealer representatives or licensed insurance agents who receive commissions. However, they are bound by their fiduciary duty to work in your best interest.

Opening an Account With Eagle Strategies

To contact Eagle Strategies, send an email to Eagle_Strategies_Marketing@newyorklife.com. Alternately, you can go to their website and find an advisor near you by typing in your zip code.

All information is accurate as of the writing of this article.

Tips for Finding the Right Financial Advisor

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  • Make sure any prospective advisors are fiduciaries. They must put their clients’ best interests before their own, while advisors who are not bound by the fiduciary duty are simply required to make suitable recommendations to their clients.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.