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Strategic Wealth Designers Review

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Strategic Wealth Designers, LLC

Strategic Wealth Designers, LLC (SWD) is a financial advisory firm with $65 million in assets under management (AUM). Based in Louisville, Kentucky, the firm provides financial planning and portfolio management services to a diverse group of clients. Its team of financial advisors and retirement planners work out of offices across four different states. 

Strategic Wealth Designers Background

Though Matthew J. Dicken founded the firm in 2002, it didn’t become a registered investment advisor until 2012. He is the principal owner and serves as CEO, while Partner Dustin Stanley, Junior Partner Jordan Schwartz and Chief Compliance Officer Jason Vander Pol own small stakes.  

What Types of Clients Does Strategic Wealth Designers Accept?

SWD works with the following types of clients: 

Strategic Wealth Designers Minimum Account Size

To open an account with SWD, you generally need a minimum investment of $25,000. 

Services Offered by Strategic Wealth Designers

SWD specializes in ongoing portfolio management services. It tailors its investment strategies to the goals, risk tolerance and time horizons of its clients. 

The firm will take discretionary authority of client accounts, which means clients authorize it to sell and buy investments in their portfolios when it deems appropriate. 

In addition, the firm can create financial plans based on various topics including: 

  • Retirement planning
  • Tax management
  • Insurance policies
  • College funding through vehicles like 529 plans
  • Debt and credit management

Strategic Wealth Designers Investment Philosophy

SWD generally provides advice and recommendations around the following types of securities: 

  • Mutual funds
  • Exchange-traded funds (ETFs)
  • Real estate investment trusts (REITs)
  • Equities
  • Fixed income investments
  • Insurance products such as annuities
  • Government securities

Fees Under Strategic Wealth Designers

Like most firms, SWD charges investment advisory fees based on a percentage of your assets under management (AUM). That rate is based on the following current fee schedule: 

Total Assets Under Management Annual Fee
First $1,000,000 1.50%
$1,000,001 – 2,499,999 1.00%
$2,500,000 - $4,999,999 0.75%
$5,000,000 And Up 0.50%

These fees are paid quarterly in arrears.

What to Watch Out For

Some SWD employees are licensed insurance agents who earn commissions, which can present a conflict of interest if they are also financial advisors recommending these products. However, as a registered investment advisor with the Securities and Exchange Commission (SEC), SWD must uphold a fiduciary duty and always work in clients’ best interests. 

Disclosures

As of the time of this writing, SWD had no disciplinary or criminal matters in the past 10 years to report in its SEC filings. For the latest disclosures, you can find the firm’s Form ADV on the SEC’s Investment Adviser Public Disclosure website.

Opening an Account With Strategic Wealth Designers

You can schedule a visit with an SWD representative at  https://swdgroup.com/schedule-a-visit/. Alternately, you can speak to an advisor by calling (877) 934-7687. 

Where Is Strategic Wealth Designers Located?

You can find SWD at the following locations. 

Kentucky 

500 North  Hurstbourne Parkway, Suite 120, Louisville, KY 40222

2716 Od Rosebud Rd, Suite 180, Lexington, KY 40509

Indiana

9850 Westpoint Drive, Suite 500, Indianapolis, IN 46256

2680 E. Main Street, Plainfield, IN 46168

Ohio 

5181 Natorp Boulevard, Suite 100, Mason, OH 45040

Colorado 

4600 S Syracuse St, Suite 100, Denver, CO 80237

Tips for Finding the Right Financial Advisor 

  • Talk to at least three advisors before deciding on one. This should give you enough context to compare and contrast crucial points like services offered and fee structures. To find suitable candidates, use SmartAsset’s financial advisor matching tool. Just answer some questions about your current goals, and the tool recommends up to three advisors or firms in your area. The entire process takes just a few minutes. 
  • Ask advisors about their certifications. They’re not required, so people who have them have sought out extra training and likely hold themselves to higher standards. For example, the Certified Financial Planner (CFP) Board requires members to provide financial planning advice in the best interests of the client at all times. 

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