Stratos Wealth Advisors LLC
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Learn more about Stratos Wealth Advisors LLC
Overview
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
Disclosures
Office Location
Stratos Wealth Advisors LLC by the Numbers

$3.5 billion

102

12,212

$290.6 thousand
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
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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.
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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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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.
Other Services
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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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Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
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.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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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Disclosures
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
Beachwood, OH
Pittsburgh, PA
Dublin, OH
San Diego, CA
Dublin, OH
Canton, OH
Rochester, NY
Rockland, MA
Mars, PA
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