Stratos Wealth Advisors LLC
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Learn more about Stratos Wealth Advisors LLC
Stratos Wealth Advisors LLC is a financial advisory firm headquartered in Beachwood, Ohio. Stratos Wealth Advisors LLC manages $3.5 billion in assets under management over 12,212 customer accounts, placing it among the largest investment advisory firms in the nation by assets under management (AUM). Stratos Wealth Advisors LLC has a large group, including 60 financial advisors. Stratos Wealth Advisors LLC is not a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments such as bonds, equities and options.
Stratos Wealth Advisors LLC oversees the majority of the firm's client assets on a discretionary basis. Discretionary management signifies that buy and sell choices are made by an investment advisor without needing the client's consent. It also oversees 97 non-discretionary accounts totaling $14.1 million in assets under management. The firm's average account size is $290,650. An average advisor at Stratos Wealth Advisors LLC oversees around 204 client accounts.
Stratos Wealth Advisors LLC's central office is at 3750 Park East Drive, Beachwood, Ohio 44122. The company is registered to serve customers across 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Stratos Wealth Advisors LLC by the Numbers
Products and Services
Stratos Wealth Advisors LLC provides a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the prior financial year, Stratos Wealth Advisors LLC provided 101-250 of its accounts with financial planning services. The firm does not sell products or offer services aside from investment advice to its investment advisory customers. It is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer.
Core Advisor Services
Offered by 31% 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 46% of firms
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
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.
Offered by 6% of firms
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees for financial advice largely vary depending on the services provided. Fee types charged by Stratos Wealth Advisors LLC most likely consist of any combination of the following fee structures: asset-based, hourly, fixed or other. Stratos Wealth Advisors LLC participates in a wrap fee program, in which the company offers a service bundle for a single fee.
Offered by 69% of firms
Percentage of AssetsShow 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 21% of firms
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.
Offered by 32% of firms
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
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Find one of the 1% of firms that offer this fee type
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
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
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.
Types of Clients
The firm does business with a number of different investors. Stratos Wealth Advisors LLC works with retail investors, high net worth investors, pension plans, charitable organizations, insurance companies and corporations. Out of its 12,212 customers, Stratos Wealth Advisors LLC's largest client by number of accounts is retail investors, although it also serves 591 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 is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 11.94%
- Other Individuals - 86.62%
- Corporations - 1.17%
- Charitable Organizations - 0.26%
* 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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Stratos Wealth Advisors LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Stratos Wealth Advisors LLC
San Diego, CA
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