Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions

CRD#105674
Investment Advisor Firm

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Learn more about Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions

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

    • Overview

    Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions is located at 1100 Superior Ave East, Cleveland, OH. The firm employs 80 financial advisors to manage client portfolios and provide financial guidance. Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions is not a registered broker-dealer.

    Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions oversees $15.3 billion in assets under management across 5,903 accounts, of which 4,493 are discretionary and 1,410 are non-discretionary. Over the past year, the firm has provided financial planning services to 1,000 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and other services. The firm caters to retail investors, high net worth investors, pension plans, corporations, and other types of investors, with high net worth investors being the largest client type by accounts. The fee structure at Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions includes asset-based, hourly, fixed, and other fees. The firm has 717 high net worth clients and maintains affiliations with a trust company.

    Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions is registered in the states of Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nebraska, Nevada, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, and Wisconsin.

    Assets Under Management

    $15.3 billion

    Number of Advisors

    80

    Disclosures

    No

    Office Location

    1100 Superior Ave East
    Cleveland, OH 44114

    Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions by the Numbers

    Total Assets Under Management

    $15.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    190

    National Average: 64
    Total Number of Accounts

    5,903

    National Average: 375,227
    Average Account Size

    $2.6 million

    National Average: $23.0 thousand
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    Products and Services

    Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions offers 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, publication of newsletters, and other services. In the prior fiscal year, Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions provided financial planning services to 1000 of its customers. The Company is engaged in selling products or offering services apart from investment advisory services to its customers.

    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.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

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

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    Fee Structure

    Fees charged by financial advisors usually depend on the services provided. Fees billed by Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions can include some blend of the following fee structures: asset-based, hourly, fixed, or other. The company does participate in a wrap fee program, in which the company offers a service bundle 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.

    • 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 company does business with a broad range of clients. It works with retail investors, high net worth investors, pension plans, corporations, and other. Out of its 5 clients, Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions's largest client type by number of accounts is corporations, but it also caters to 717 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 considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 48.02%
    • Other Individuals - 20.76%
    • Corporations - 31.21%
    • 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

    Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Clearstead; Hartland & Co., LLC; Clearstead Advisory Solutions

    Daniel Powell
    Cleveland, OH
    Allen Dengler
    Cleveland, OH
    Kurt Evertz
    Norfolk, VA
    Luke Scanlan
    Norfolk, VA
    David Rubis
    Cleveland, OH
    Wayne House
    Cleveland, OH
    Caroline Wilkes
    Norfolk, VA
    Sophia Ivancich
    Cleveland, OH
    Timothy Mcdaniel
    Cleveland, OH

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