Strategic Advisers LLC

CRD#104555
Investment Advisor Firm

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Learn more about Strategic Advisers LLC

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

    • Overview

    Strategic Advisers LLC is located at 245 Summer Street, Boston, MA. The firm employs 158 financial advisors to manage client portfolios and provide financial guidance. Strategic Advisers LLC is not a registered broker-dealer.

    Strategic Advisers LLC oversees $824.7 billion in assets under management across 1,965,880 accounts, of which 1,965,854 are discretionary and 26 are non-discretionary. The services offered include 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. The firm caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations, state or municipal government entities, and corporations, with retail investors being the largest client type by accounts. The fee structure at Strategic Advisers LLC includes asset-based and other fees. The firm has 520,846 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant, and commodity pool advisor.

    Strategic Advisers LLC is registered in the states of Alabama, Alaska, Arkansas, California, Colorado, District of Columbia, Florida, Georgia, Arizona, Connecticut, Delaware, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $824.7 billion

    Number of Advisors

    158

    Disclosures

    No

    Office Location

    245 Summer Street
    Boston, MA 02210

    Strategic Advisers LLC by the Numbers

    Total Assets Under Management

    $824.7 billion

    National Average: $8.6 billion
    Total Number of Employees

    269

    National Average: 64
    Total Number of Accounts

    1,965,880

    National Average: 375,227
    Average Account Size

    $419.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Strategic Advisers LLC provides multiple financial services, which can include 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 financial planning services to any of its customers in the prior financial year. It does not sell products or offer services apart from investment advisory services to its investment advisory customers.

    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

    Financial management fees typically depend on which service is provided. Fees charged by Strategic Advisers LLC can consist of any combination of the following fee types: asset-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Strategic Advisers LLC.

    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

      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.

    • 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

    The company works with a broad range of investors. The firm provides services to retail investors, high net worth investors, investment companies, pension plans, charitable organizations, state or municipal government entities, and corporations. Out of its 7 clients, Strategic Advisers LLC's biggest client type by number of accounts is investment companies, though it also caters to 520846 high-net-worth individuals. The SEC defines a high-net-worth individual as a person 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).

    • High-Net-Worth Individuals* - 31.99%
    • Other Individuals - 67.44%
    • Corporations - 0.57%
    • 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

    Karlantoine Balan
    Boston, MA
    Bryan Applequist
    Englewood, CO
    Alexander Deiko
    Boston, MA
    Samuel Grenning
    Denver, CO
    Aimee Degiovanni
    Boston, MA
    Benjamin Allen
    Boston, MA
    Mark Halfhill
    Denver, CO
    Kevin Winland
    Englewood, CO
    Arvin Shandiz
    Englewood, CO

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