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SA Stone Investment Advisors Review

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SA Stone Investment Advisors, Inc

SA Stone Investment Advisors, Inc.

SA Stone Investment Advisors, Inc. is a Birmingham-based firm with more than $1.4 billion in assets under management (AUM). With about 245 advisors serving nearly 6,100 clients, the registered investment advisor (RIA) offers a range of advisory services through a fee-based fee structure. 

SA Stone Investment Advisors, Inc. Background 

SA Stone specializes in investment advisory services, assisting a wide array of clients with portfolio management, pension consulting and financial planning advice since 2015. The firm is a wholly-owned subsidiary of INTL FCStone Financial Inc., and SA Stone’s affiliated registered broker-dealer, SA Stone Wealth Management Inc., also functions as a subsidiary of INTL FCStone. 

SA Stone Investment Advisors, Inc Client Types and Minimum Account Sizes 

SA Stone’s client base consists of individuals and high-net-worth individuals, pension and profit sharing plans, corporations and other business entities, estates, trusts and charitable organizations. 

Minimum account size requirements vary for different programs, accounts and investment models. Minimums generally range from $10,000 to $100,000. 

Services Offered by SA Stone Investment Advisors, Inc

SA Stone provides several different advisory services, including:

  • Portfolio management
  • Financial planning
  • Pension consulting
  • Selection of other advisors
  • Market timing services
  • Educational seminars/workshops
  • Financial consulting

SA Stone Investment Advisors, Inc Investment Philosophy

SA Stone’s website says its mission is to supply its clients with world class independent wealth management products and services. In honoring its mission, the firm utilizes a variety of sources when making investment decisions. This includes third party analysis and models, corporate rating services, meetings with portfolio managers, proprietary analysis and models and more. 

Investments utilized may include bonds, options, stocks, American Depository Receipts, open-end and closed-end funds, exchange-traded funds (ETFs), money market funds and various other securities. 

Fees Under SA Stone Investment Advisors, Inc 

Management fees for asset management programs are determined between the advisor and client, but the firm imposes a set minimum management fee of $200 per year. Unified Managed Accounts (UMAs) require a $300 minimum annual management fee. The maximum annual management fee the firm can charge is 2.50% of AUM. 

SA Stone charges fixed cost billing rates and hourly billing consulting fees for its financial planning and financial consulting services. For financial planning, the maximum fixed cost billing rate is $5,000 for clients with less than $10 million. The maximum fixed cost may be up to $10,000 for clients with more than $10 million. Financial consulting comes with a maximum fixed cost billing fee of $10,000. The maximum hourly rate for both services is $500 per hour. 

Other expenses and fees incurred include internal fees/expenses of collective investment vehicles, transaction fees, mark-ups and custodial charges.

What to Watch Out For 

Conflicts of interest may arise if advisors favor commission-based services or products over investments that may be more suitable to a client’s portfolio. Though the firm has a fiduciary duty to work in each client’s best interest, this is still important to keep in mind. 

SA Stone also has one regulatory action disclosure that we’ll discuss below. 

Disclosures

SA Stone’s Form ADV lists one disclosure that occurred in 2018. The U.S. Securities and Exchange Commission (SEC) found that the firm recommended mutual fund share classes that charged clients 12b-1 fees instead of recommending less expensive share classes of the same funds. The firm’s broker-dealer received the fees, and SA Stone failed to disclose conflicts of interest related to mutual fund share classes and the associated fees. The SEC also found the firm in violation of sections 206(2) and 207 of the Advisors Act.

The case was resolved through censure, disgorgement of $638,464.31 and interest of $48,909.70.

Opening an Account With SA Stone Investment Advisors, Inc

Interested in investing with SA Stone? The firm offers multiple options for getting in touch. Among them are its website’s contact form and the firm’s informational email. You can also set up an appointment with an advisor by calling (800) 589-2023. 

Tips for Investing

  • If you’re unsure of how much your investments could earn you over time, our investment calculator can help. You’ll just need your initial investment amount, the amount and frequency at which you’ll make additional contributions, your expected rate of return and your time horizon. 
  • SmartAsset’s free financial advisor matching tool connects you with up to three local advisors suitable to your financial goals. You’ll just need to fill out a short questionnaire about your financial situation, and you’ll be one step closer to finding your ideal advisor.

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

How Many Years $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 To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then 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 the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. 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.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research