R.S. Petrell & Associates, LLC D/B/A Strategic Wealth Advisors

CRD#143462
Investment Advisor Firm

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Learn more about R.S. Petrell & Associates, LLC D/B/A Strategic Wealth Advisors

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

    • Overview

    Strategic Wealth Advisors, also known as R.S. Petrell & Associates, LLC, is a financial advisory firm situated at 5784 Widewaters Parkway, Syracuse, New York, 13214. The firm is registered in Florida and New York, but it is not a registered broker-dealer.

    The firm manages $116.5 million in assets under management (AUM), placing it in the category of a large-sized firm based on AUM. It oversees 410 accounts, all of which are non-discretionary, indicating that the firm provides advice, but the final decision on investment choices is made by the clients.

    The firm comprises a team of 5 financial advisors. In the previous fiscal year, the firm provided financial planning services to a number of clients ranging from 1 to 10. The services offered by Strategic Wealth Advisors encompass financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisors, and educational seminars.

    The firm operates on an asset-based fee structure and does not participate in a wrap fee program. The investor types that Strategic Wealth Advisors works with include retail investors, high net worth investors, and pension plans. The firm's largest client type by accounts is retail investors, and it serves 33 high net worth clients.

    Assets Under Management

    $116.5 million

    Number of Advisors

    5

    Disclosures

    No

    Office Location

    5784 Widewaters Parkway
    Syracuse, NY 13214

    R.S. Petrell & Associates, LLC D/B/A Strategic Wealth Advisors by the Numbers

    Total Assets Under Management

    $116.5 million

    National Average: $8.6 billion
    Total Number of Employees

    5

    National Average: 64
    Total Number of Accounts

    410

    National Average: 375,227
    Average Account Size

    $284.1 thousand

    National Average: $23.0 thousand
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    Products and Services

    R.S. Petrell & Associates, LLC D/B/A Strategic Wealth Advisors provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers and educational seminars. In the prior fiscal year, R.S. Petrell & Associates, LLC D/B/A Strategic Wealth Advisors provided 1-10 of its accounts with financial planning services. It is engaged in selling products or offering services other than investment advisory services to its 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

    • 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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial management fees typically vary depending on which services are provided. However, fees charged by the firm typically consist of the following fee type: asset-based. R.S. Petrell & Associates, LLC D/B/A Strategic Wealth Advisors does not supply a wrap fee program, in which the firm offers a bundle of services for a comprehensive 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.

    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 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.

    • 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.

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    Types of Clients

    The company works with retail investors, high net worth investors and pension plans. Out of its 410 customers, R.S. Petrell & Associates, LLC D/B/A Strategic Wealth Advisors's biggest client group by number of accounts is retail investors, but it also manages money for 70 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management 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 customers are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 33.33%
    • Other Individuals - 65.24%
    • Corporations - 1.43%
    • 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

    R.S. Petrell & Associates, LLC D/B/A Strategic Wealth Advisors does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at R.S. Petrell & Associates, LLC D/B/A Strategic Wealth Advisors

    Constance Hohreiter
    Syracuse, NY
    Brian Coholan
    Syracuse, NY
    Marybeth Petrell
    Syracuse, NY
    Courtney Wellar
    Syracuse, NY

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