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.
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