Strongtower Wealth Management, Plc

CRD#292882
Investment Advisor Firm

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Overview

Strongtower Wealth Management, Plc is a financial advisory company located in Hot Springs National Park, Arkansas. It administers $56.0 million in assets under management throughout 720 accounts. Strongtower Wealth Management, Plc has a small team of six employees, of which five are financial advisors. Strongtower Wealth Management, Plc is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets such as options, bonds and equities.

Strongtower Wealth Management, Plc manages all of its client assets on a discretionary basis. Discretionary management signifies that a portfolio manager makes buy and sell choices for the client's account without requiring the client's approval. Strongtower Wealth Management, Plc oversees roughly $77,778 in assets for each customer account. Under $100,000 of their investments for financial planning services were in securities, with under $100,000 invested in non-securities. The average advisor at Strongtower Wealth Management, Plc oversees around 144 client accounts.

The company's main office is located at 450 W. Grand Ave, Hot Springs National Park, Arkansas 71901. Strongtower Wealth Management, Plc is legally allowed to provide services to clients throughout 4 states, including Arkansas, Louisiana, Mississippi and Texas.

Assets Under Management

$56.0 million

Number of Advisors

5

Disclosures

No

Office Location

450 W. Grand Ave
Hot Springs National Park, AR 71901

Strongtower Wealth Management, Plc by the Numbers

Total Assets Under Management

$56.0 million

National Average: $3.7 billion
Total Number of Employees

6

National Average: 29
Total Number of Accounts

720

National Average: 2,073
Average Account Size

$77.8 thousand

National Average: $1.8 million

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Products and Services

Services that Strongtower Wealth Management, Plc offers can include financial planning services and portfolio management for individuals and small businesses. Notably, Strongtower Wealth Management, Plc did not provide financial planning services to any of its clients in the last fiscal year. It is not involved in selling products or offering services apart from investment advice to its investment advisory accounts. Strongtower Wealth Management, Plc is affiliated with one or more other service providers in the financial services industry, including with an accountant or accounting firm.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 62% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

Fees charged by financial advisors largely depend on the financial services offered. Fees charged by the firm may include some combination of the following fee structures: asset-based or fixed. The firm participates in a wrap fee program, in which the firm offers a bundle of services for a single fee. The firm is able to withdraw the expenses directly from client accounts.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company works with retail investors and high net worth investors. Out of its 720 customers, Strongtower Wealth Management, Plc's biggest client by number of accounts is retail investors, although it also manages money for 23 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's clients are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 6.59%
  • Other Individuals - 93.41%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Strongtower Wealth Management, Plc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Strongtower Wealth Management, Plc

Austin Sowerbutts
Hot Springs National Park, AR
Terry Bewley
Hot Springs National Park, AR
Katrina Robertson
Hot Springs National Park, AR
Todd Sadowski
Hot Springs National Park, AR
Mitzie Stevens
Hot Springs National Park, AR

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This content was compiled from the SEC and FINRA

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.