Strategic Wealth Group

CRD#284430
Investment Advisor Firm

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Learn more about Strategic Wealth Group

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

    • Overview

    Strategic Wealth Group is located at 7820 Terrey Pine Ct, #200, Eden Prairie, MN. The firm employs 18 financial advisors to manage client portfolios and provide financial guidance. Strategic Wealth Group is not a registered broker-dealer.

    Strategic Wealth Group oversees $833.1 million in assets under management across 4,270 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to between 1 and 10 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, and pension consulting services. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, and corporations, with retail investors being the largest client type by accounts. The fee structure at Strategic Wealth Group includes asset-based, hourly, fixed, and other fees. The firm has 746 high net worth clients.

    Strategic Wealth Group is registered in the states of Arizona, Arkansas, California, Colorado, Florida, Georgia, Illinois, Iowa, Louisiana, Michigan, Minnesota, Missouri, Montana, Nebraska, New York, North Carolina, North Dakota, Pennsylvania, South Carolina, South Dakota, Texas, Washington, and Wisconsin.

    Assets Under Management

    $833.1 million

    Number of Advisors

    18

    Disclosures

    No

    Office Location

    7820 Terrey Pine Ct, #200
    Eden Prairie, MN 55347

    Strategic Wealth Group by the Numbers

    Total Assets Under Management

    $833.1 million

    National Average: $8.6 billion
    Total Number of Employees

    18

    National Average: 64
    Total Number of Accounts

    4,270

    National Average: 375,227
    Average Account Size

    $195.1 thousand

    National Average: $23.0 thousand
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    Products and Services

    Strategic Wealth Group offers a number of services, including financial planning services, portfolio management for individuals and small businesses, and pension consulting services. In the last fiscal year, Strategic Wealth Group provided 45301 of its accounts with financial planning services. The Company is not involved in selling products or offering services apart from investment advisory services to its investment advisory clients.

    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

      Portfolio Management

      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.

    Other Services

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    Fee Structure

    Fees for financial advisory services usually depend on the type of services provided. Fees billed by Strategic Wealth Group most likely consist of any blend of the following fee structures: asset-based, hourly, fixed, or other. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Strategic Wealth Group.

    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 21% of firms

      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.

    • Offered by 32% 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 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

    The firm works with a broad range of customers. The company works with retail investors, high net worth investors, pension plans, charitable organizations, and corporations. Out of its 5 clients, Strategic Wealth Group's largest client type by number of accounts is high net worth investors, though it also caters to 746 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 30.08%
    • Other Individuals - 68.87%
    • Corporations - 0.85%
    • Charitable Organizations - 0.2%

    * 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 Wealth Group does not have any disclosures.

    Please visit its Form ADV for more details.

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