57 Stars LLC

CRD#135202
Investment Advisor Firm

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Learn more about 57 Stars LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    57 Stars LLC operates as an advisory company that has its headquarters in Washington, District of Columbia. It oversees $4.7 billion in assets throughout 16 accounts, placing it among the largest financial advisory firms in the country by assets under management (AUM). It has a small team, including 17 financial advisors. 57 Stars LLC does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are exchangable financial investments like options, bonds and stocks.

    57 Stars LLC administers the majority of its client assets in a discretionary manner. Discretionary management signifies that buy and sell judgments are made by a portfolio manager without requiring the client's authorization. The firm also has four non-discretionary accounts with a total of $177.4 million in assets under management. The advisory firm's average account size is $295.1 million. An average financial advisor at 57 Stars LLC manages fewer than one client account, placing it among the most individualized financial advisor firms in the country.

    The company's headquarters is at 616 H. Street N.W., Washington, District of Columbia 20001. 57 Stars LLC is legally registered to provide services to investors across a few states, including California and District of Columbia.

    Assets Under Management

    $4.7 billion

    Number of Advisors

    17

    Disclosures

    No

    Office Location

    616 H. Street N.W.
    Washington, DC 20001

    57 Stars LLC by the Numbers

    Total Assets Under Management

    $4.7 billion

    National Average: $8.6 billion
    Total Number of Employees

    22

    National Average: 64
    Total Number of Accounts

    16

    National Average: 375,227
    Average Account Size

    $295.1 million

    National Average: $23.0 thousand
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    Products and Services

    57 Stars LLC provides a variety of financial services, including portfolio management for pooled investment vehicles, selection of other advisers and other services. The company does not sell products or offer services other than investment advisory services to its investment advisory clients.

    Core Advisor Services

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      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.

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      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

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial advisory services depend on which services are offered. Fees billed by 57 Stars LLC likely consist of the following fee types: asset-based, fixed or performance-based. The firm does not participate in a wrap fee program, in which the firm offers a service bundle for a single fee.

    Available

    • Offered by 69% 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 26% of firms

      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.

    • Offered by 32% 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 21% 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 1% 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 0% 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 10% 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

    It caters to pooled investment vehicles. Out of its 16 accounts, 57 Stars LLC's biggest client type is pooled investment vehicles. Around 50% of the firm's customers are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • 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

    57 Stars LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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