Step Change Advisors, LLC
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Overview
Step Change Advisors, LLC is a financial advisor company based in Saint Louis, Missouri. Step Change Advisors, LLC controls $105.8 million in total assets throughout 53 accounts, making it a mid-tier financial advisory firm in the United States by assets under management (AUM). Step Change Advisors, LLC has a small group, including 1 financial advisor. Step Change Advisors, LLC is not a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are tradable financial assets such as options, equities and bonds.
Step Change Advisors, LLC manages more than half of its client assets in a discretionary manner. Discretionary management means that a portfolio manager has the discretion to make transaction decisions without requiring client authorization. The firm also oversees nine non-discretionary accounts totaling $50.8 million in AUM. The firm oversees about $2.0 million for each customer account. The typical advisor at Step Change Advisors, LLC manages about 53 client accounts, placing it towards the middle in terms of personalization.
Step Change Advisors, LLC's headquarters is at 22 Upper Ladue Road, Saint Louis, Missouri 63124. The firm is registered to serve investors in the state of Missouri.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Step Change Advisors, LLC by the Numbers
$105.8 million
1
53
$2.0 million
Fee Structure
Fees for financial advisory services largely vary depending on which services the firm provides the client. Fees billed by the firm typically consist of the following fee type: asset-based. The firm does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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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
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It works with retail investors and high net worth investors. Out of its 53 clients, Step Change Advisors, LLC's biggest client is high net worth investors, although it also caters to 12 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor 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). None of its accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 75%
- Other Individuals - 25%
- Corporations - 0%
- 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
Step Change Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Step Change Advisors, LLC
Saint Louis, MO
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