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Strategic Wealth Advisors 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.

Strategic Wealth Advisors Group, which conducts business as The Financial Services Network, is unique in that the firm relies upon a network of independent advisors with expertise in both investment advisory and brokerage services. The firm provides these outside advisors with back office services, as well as wealth management offerings to afford their clients.

Strategic Wealth has many in-network advisors managing approximately 25,000 individual and institutional client accounts. The fee-based firm currently oversees billions of dollars in assets under management (AUM). Strategic Wealth’s compensation arrangements consist of asset-based fees, hourly fees and fixed fees.

Strategic Wealth Advisors Background

Strategic Wealth was established in 2016. The firm specializes in an array of investment and wealth management solutions, and it uses a decentralized network of investment advisor representatives (IARs) to manage portfolios, according to its brochure.

Strategic Wealth is wholly owned by Honor Bound Partners, LLC (HBP). HBP’s owners are chief risk officer Daxs Stadjuhar, chief investment strategist Christopher Mercado and chief investment officer (CIO) Jeremy Olen.

Strategic Wealth Advisors Client Types and Minimum Account Sizes

Strategic Wealth advises individuals with and without a high net worth, pension and profit-sharing plans, estates, charitable organizations and businesses.

The firm’s account minimums vary by program, but generally range from no minimum at all up to $25,000.

Services Offered by Strategic Wealth Advisors 

Through its network of independent advisors, Strategic Wealth offers the following advisory services: 

  • Portfolio management
  • Financial planning
    • Estate planning
    • Charitable gift planning
    • Retirement planning
    • Insurance planning
    • Business succession planning
    • Stock option planning
    • Asset protection
  • Pension consulting
  • Selection of other advisors

Strategic Wealth Advisors Investment Philosophy 

Strategic Wealth’s IARs utilize several methods when conducting investment research. These include fundamental analysis, technical analysis, quantitative analysis and qualitative analysis. The firm’s investment strategies also consist of long-term purchases, short-term purchases, trading, short sales, margin transactions, option purchases and option writing. 

Strategic Wealth primarily invests in exchange-traded funds (ETFs), mutual funds, stocks, options, bonds, alternative investments, complex products, and/or fee-based variable annuity contracts.

Strategic Wealth Advisors Fees

Strategic Wealth’s financial planning and consulting services come with fixed fees ranging from $2,500 to $50,000. Hourly rates for those services range from $100 to $400.

Transaction-based fee rates for investment advisory services range from 0.40% to 2.55%. For asset-based investment advisory fee rates, clients will pay anywhere from 0.40% to 2.75% when clients only pay for advisory fees.

What to Watch Out For

Strategic Wealth’s SEC record is clear of any legal or regulatory disclosures.

The firm’s fee-based fee structure allows some advisors to generate commissions from the sale of investment products. This can create a potential conflict of interest. However, Strategic Wealth mitigates this risk by acting under a fiduciary duty to put clients' best interests first. 

Opening an Account With Strategic Wealth Advisors

You can set up an account with Strategic Wealth by visiting any of the firm’s offices, or you can contact an advisor at (650) 571-1934.

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

Tips for Finding a Financial Advisor 

  • Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • If you’re looking for professional assistance with your finances, you’ll want to consider a number of factors before choosing a financial advisor. Things like account minimums, fee schedules and disclosures are all important. Consider our list of 10 questions to ask a financial advisor.

How Long $1mm 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.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

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%. 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