Strategic Wealth Partners, LLC is a fee-based advisory firm providing investment management, financial planning and consulting services to a range of individual and institutional clients. Headquartered in Deerfield, Illinois, the financial advisor has more than $2 billion in assets under management (AUM). The firm currently serves around 650 clients.
Strategic Wealth Partners Background
Strategic Wealth was established in 2008 by founding principals David J. Copeland and Neal H. Price. The firm is a subsidiary of Focus Operating, LLC. Its parent company is a wholly-owned subsidiary of a financial services holding company, Focus Financial Partners, LLC.
The firm has 17 advisors, each of whom has various certifications. Its advisor base consists of 12 certified financial planners (CFPs), three certified public accountants (CPAs), three chartered financial analysts (CFA) and two certified investment management analysts (CIMAs).
What Types of Clients Does Strategic Wealth Partners Accept?
Strategic Wealth offers investment management and wealth management services to individuals, pension and profit sharing plans, trusts, estates, charitable organizations, corporations and business entities.
Strategic Wealth Partners Minimum Account Sizes
The firm generally requires a minimum account size of $1,000,000, but it may accept clients with smaller portfolio sizes. Strategic Wealth may also charge a minimum annual fee of $5,000 for investment management services and a potentially higher fee for wealth management services.
Services Offered by Strategic Wealth Partners
Strategic Wealth offers a range of investment management, wealth management services and investment strategies. These include:
- Investment management
- Portfolio management
- Selection of other advisors
- Wealth management
- Financial planning
- Pension consulting services
- Educational seminars
- Credit and cash management solutions
- Investment strategies
- Separately managed accounts
- Actively-managed mutual funds
- Exchange-traded funds (ETFs) and limited partnerships
- Individual securities
Strategic Wealth believes in creating successful investment and wealth management strategies by developing customized financial plans for each of its clients. The firm says it looks at a number of factors before determining how to allocate each client’s assets. These include risk tolerance, current assets, savings objectives and other factors. Strategic Wealth also says it strives to meet each client’s long-term investment goals by managing risk and focusing on asset allocation, diversification and alternative strategies.
The firm searches for investments that have shown consistent returns, and it analyzes investment performance in rising and falling markets to protect client capital.
Fees Under Strategic Wealth Partners
Strategic Wealth offers a fee-based fee structure, which may also include hourly and fixed fees. For investment management, the firm charges an annual fee that’s based on the market value of AUM. This fee is prorated and charged quarterly, in advance. The annual fee ranges between 0.20% and 1.25%, depending on the type of investment service and AUM. The firm may provide a different fee schedule for pre-existing clients or clients that joined from another firm. In addition, fees are waived for family members, and the firm requires a $5,000 annual minimum fee for investment management services.
Strategic Wealth provides financial and consulting services as part of its overall management fee, as long as its members meet an annual wealth management fee. The firm doesn’t specify the fee range for these services. But Strategic Wealth still retains the discretion to waive or reduce management fees.
Clients may also incur other costs and expenses, including custodial fees, transaction fees and brokerage commissions.
What to Watch Out For
Strategic Wealth’s fee structure is fee-based, meaning some advisors may earn commissions. This is a conflict of interest, as some advisors may be incentivized to sell you products with a higher commission even if it is not in your bet interest. When acting as an advisor, though, they must act in your best interest.If you prefer a firm that provides a fee-only structure, you may want to consider other advisors.
The firm doesn’t have any disclosures.
Opening an Account With Strategic Wealth Partners
Strategic Wealth offers an array of options for prospective clients who’d like to open an account. Its website provides a contact form that lets you send a message to an advisor, and clients can also contact the firm’s inquiry email. You can also visit or call any of the firm’s office locations.
Where is Strategic Wealth Partners Located?
The firm is headquartered in Deerfield, Illinois but it also has offices in Chicago, Illinois and Milwaukee, Wisconsin. The Deerfield office is located at 520 Lake Crook Road.
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All information was accurate as of the writing of this article.