Strategic Advisers LLC

CRD#104555
Investment Advisor Firm

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Overview

Strategic Advisers LLC is a financial advisory firm situated at 245 Summer Street, Boston, Massachusetts, 02210. The firm is registered across numerous states, from Alabama to Wyoming, but it is not a registered broker dealer.

Strategic Advisers LLC manages a large amount of assets, specifically $659.6 billion in assets under management (AUM). These assets are distributed across 1,712,300 client accounts, which are managed by the firm's 146 financial advisors.

The firm oversees 1,712,274 accounts on a discretionary basis, which means the firm’s portfolio managers have the authority to make investment decisions without requiring prior approval from their clients. The firm also manages 26 non-discretionary accounts.

Strategic Advisers LLC provides various services, such as portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, and additional services.

The firm has affiliations with several entities in the financial industry, including broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant, and commodity pool advisor.

Strategic Advisers LLC employs asset-based and other types of fee structures and participates in a wrap fee program.

The firm caters to a variety of investors, including retail investors, high net worth investors, investment companies, pension plans, charitable organizations, state or municipal government entities, and corporations. The majority of the firm's clients are retail investors, and the firm also serves 31 high net worth clients.

Assets Under Management

$659.6 billion

Number of Advisors

146

Disclosures

No

Office Location

245 Summer Street
Boston, MA 02210

Strategic Advisers LLC by the Numbers

Total Assets Under Management

$659.6 billion

National Average: $8.6 billion
Total Number of Employees

219

National Average: 64
Total Number of Accounts

1,712,300

National Average: 375,227
Average Account Size

$385.2 thousand

National Average: $23.0 thousand
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Products and Services

Strategic Advisers LLC provides a variety of financial services, including portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers and other services. Notably, Strategic Advisers LLC did not provide any of its clients with financial planning services in the prior fiscal year. The company does not sell products or offer services apart from investment advice to its investment advisory customers. It is affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant and commodity pool advisor.

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.

  • Offered by 46% 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

  • 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 largely are based on which services the firm provides the client. Fee types billed by Strategic Advisers LLC likely consist of the following fee structures: asset-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.

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 10% of firms

    Other

    Show Explanation

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

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

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    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 26% 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 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 32% of firms that offer this fee type

    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.

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Types of Clients

Strategic Advisers LLC does business with a broad range of investors. Strategic Advisers LLC caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 1,712,300 customers, Strategic Advisers LLC's biggest client group by number of accounts is retail investors, though it also manages money for 433,897 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers reside abroad.

  • High-Net-Worth Individuals* - 30.53%
  • Other Individuals - 68.87%
  • Corporations - 0.6%
  • 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

Strategic Advisers LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Strategic Advisers LLC

Mark Halfhill
Denver, CO
Samuel Grenning
Denver, CO
James Merchant
Englewood, CO
Christopher Atwood
Boston, MA
Susan Sanderson
Boston, MA
Valeria Lopez
Denver, CO
Aimee Degiovanni
Boston, MA
Jennifer O'Brien
Boston, MA
Denzel Paige
Englewood, CO

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