Strategic Wealth is a fee-based advisory firm providing investment management, financial planning and consulting services to a range of individual and institutional clients. As a fee-based firm, its advisors may receive commissions from third-parties for selling financial products.
It has a branch office in has a branch office in Milwaukee, Wisconsin.
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's team includes 11 certified financial planners (CFPs), three chartered financial advisors (CFAs) and four certified public accountants (CPAs)
Strategic Wealth Partners Client Types and Minimum Account Sizes
Strategic Wealth offers investment management and wealth management services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and business entities.
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 $10,000 for investment management services and a possibly 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
- Reporting
- 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
Investment Philosophy
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 generally 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 $10,000 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 and may waive or reduce management fees at its discretion.
Clients may also incur other costs and expenses, including custodial fees, transaction fees and brokerage commissions.
The average fee for investment management in the United States is approximately1.00%. Learn more about advisors' typical costs here.
What to Watch Out For
The firm reported no disclosures of legal or regulatory action in its latest filings with the Securities and Exchange Commission (SEC).
One thing to note: some Strategic Wealth advisors are fee-based, meaning they may earn sales commissions. This is a potential conflict of interest. That said, as an SEC-registered investment advisor, Strategic Wealth is legally bound always to act in its clients' best interests.
Opening an Account With Strategic Wealth Partners
The easiest way to contact the firm is to go to its website and submit a message that you'd like an advisor to call or email you. Alternately, you can call or send an email to set up an appointment.
Tips for Becoming a Better Investor
- Expert advice can be helpful in any area of finance. Whether it’s retirement planning, estate planning or financial planning, a financial advisor can help you meet your savings objectives. SmartAsset’s free matching tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
- Before you invest your money, you’ll want to identify factors like your time horizons and risk tolerance. These are important things to consider, as they can affect how much you spend compared to how much you earn. Whether you decide to invest actively or passively, you’ll be able to maximize your earning potential with a strategic plan. Our investment calculator can help.
All information was accurate as of the writing of this article.
