Strategic Advisers LLC

CRD#104555
Investment Advisor Firm

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Overview

Strategic Advisers LLC operates as an advisory firm that has its headquarters in Boston, Massachusetts. It oversees $737.3 billion in total assets throughout 1.5 million customer accounts, placing it among the biggest investment advisory firms in the nation by assets under management (AUM). It has a large team, including 154 financial advisors. Strategic Advisers LLC is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial assets like stocks, bonds and options.

Strategic Advisers LLC manages more than half of the company's accounts in a discretionary manner. Discretionary management is a structure in which buy and sell choices for the client's account are made by an investment advisor without needing client consent. Strategic Advisers LLC also has 26 non-discretionary accounts totaling $32.2 billion in assets. Strategic Advisers LLC oversees roughly $496,888 in assets for every account. The average financial advisor at Strategic Advisers LLC oversees around 9,631 client accounts.

The firm's main office is located at 245 Summer Street, V10B, Boston, Massachusetts 2210. The company is legally allowed to serve clients throughout 51 U.S. states and territories.

Assets Under Management

$737.3 billion

Number of Advisors

154

Disclosures

No

Office Location

245 Summer Street, V10B
Boston, MA 02210

Strategic Advisers LLC by the Numbers

Total Assets Under Management

$737.3 billion

National Average: $9.0 billion
Total Number of Employees

235

National Average: 71,771
Total Number of Accounts

1,483,231

National Average: 4,329
Average Account Size

$497.1 thousand

National Average: $2.1 million

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Products and Services

Strategic Advisers LLC provides a number of 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. However, the company did not provide financial planning services to any of its customers in the last financial year. It is not involved in selling products or offering services aside from investment advice to its investment advisory accounts. The company is also 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 47% 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 21% 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 charged by the company most likely consist of some blend of the following fee types: asset-based, fixed or other. The company does participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

Available

  • Offered by 70% 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 33% 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.

  • 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

    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 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.

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Types of Clients

Strategic Advisers LLC does business with a broad range of customers. It caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations and corporations. Out of its 1,483,231 customers, Strategic Advisers LLC's largest client type is retail investors, although it also manages money for 410,931 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 33.37%
  • Other Individuals - 65.99%
  • Corporations - 0.64%
  • 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

Aimee Degiovanni
Boston, MA
Valeria Lopez
Denver, CO
Alison Lynch
Englewood, CO
Emily Desimone
Moorpark, CA
Matthew Mitsis
Boston, MA
Bryan Applequist
Englewood, CO
Michael Mccarthy
Boston, MA
Mark Halfhill
Denver, CO
Peter Dow
Boston, MA

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com. The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm, and financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.

This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).

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.