Stride Consumer

CRD#311501
Investment Advisor Firm

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Learn more about Stride Consumer

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Stride Consumer operates as a financial advisor firm based in Boston, Massachusetts. Stride Consumer oversees $470.1 million in assets under management over four customer accounts, making it one of the bigger firms in the country by assets under management (AUM). Stride Consumer has a small group, including 14 financial advisors. Stride Consumer is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets like stocks, options and bonds.

    Stride Consumer manages all of its accounts in a discretionary manner. Discretionary management means that a portfolio manager makes transaction decisions for the client's account without requiring the customer's consent. The advisory firm manages about $117.5 million in assets for every account. The typical financial advisor at Stride Consumer manages fewer than one client account, making it one of the most individualized firms in the country.

    The company's headquarters is located at 332 Congress Street, Boston, Massachusetts 2210. The company is permitted to provide services to customers in the state of Massachusetts.

    Assets Under Management

    $470.1 million

    Number of Advisors

    14

    Disclosures

    No

    Office Location

    332 Congress Street
    Boston, MA 02210

    Stride Consumer by the Numbers

    Total Assets Under Management

    $470.1 million

    National Average: $8.6 billion
    Total Number of Employees

    15

    National Average: 64
    Total Number of Accounts

    4

    National Average: 375,227
    Average Account Size

    $117.5 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees largely are based on which services are provided. However, fees charged by the firm most likely are comprised of the following fee types: asset-based or performance-based. The firm does not participate in a wrap fee program, in which the firm offers a service bundle for a single fee.

    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 26% of firms

      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.

    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 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.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

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

    Back to Overview

    Types of Clients

    Stride Consumer works with pooled investment vehicles. Out of its four accounts, Stride Consumer's biggest client by number of accounts is pooled investment vehicles. None of the company's customers are non-U.S. persons.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • 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

    Stride Consumer does not have any disclosures.

    Please visit its Form ADV for more details.

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