Insight Strategic Wealth LLC

CRD#147290
Investment Advisor Firm

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Learn more about Insight Strategic Wealth LLC

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

    • Overview

    Insight Strategic Wealth LLC operates as a financial advisory company that has its headquarters in Knoxville, Tennessee. Insight Strategic Wealth LLC administers $179.5 million in total assets throughout 461 client accounts, placing it in the mid-tier of firms in the country by assets under management (AUM). Insight Strategic Wealth LLC has a small team, including 3 financial advisors. Insight Strategic Wealth LLC is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets such as bonds, options and stocks.

    Insight Strategic Wealth LLC administers 458 of the firm's client assets in a discretionary manner. Discretionary management means that transaction choices are made by a portfolio manager without requiring client approval. The firm also manages three non-discretionary accounts totaling $2.0 million in assets under management. The advisory firm manages about $389,344 in assets for each customer account. An average advisor at Insight Strategic Wealth LLC administers about 154 client accounts.

    The company's main office is at 10107 Sherrill Blvd, Knoxville, Tennessee 37932. It is legally allowed to provide services to customers throughout a number of states, including North Carolina and Tennessee.

    Assets Under Management

    $179.5 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    10107 Sherrill Blvd
    Knoxville, TN 37932

    Insight Strategic Wealth LLC by the Numbers

    Total Assets Under Management

    $179.5 million

    National Average: $8.6 billion
    Total Number of Employees

    3

    National Average: 64
    Total Number of Accounts

    461

    National Average: 375,227
    Average Account Size

    $389.3 thousand

    National Average: $23.0 thousand
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    Products and Services

    Insight Strategic Wealth LLC offers a variety of financial services, which can include financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. Notably, it did not provide any of its customers with financial planning services in the last fiscal year. The firm is not involved in selling products or offering services other than investment advice to its investment advisory clients. The firm is affiliated with one or more other service providers in the financial services industry, including with an accountant or accounting firm.

    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.

    • 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 largely vary depending on the type of financial services provided. Fee types charged by the firm may include the following fee types: asset-based or hourly. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Insight Strategic Wealth LLC.

    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.

    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.

    • 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

    Insight Strategic Wealth LLC works with retail investors and high net worth investors. Out of its 461 customers, Insight Strategic Wealth LLC's biggest client type is retail investors, although it also serves 83 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual 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 the company's customers are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 48.82%
    • Other Individuals - 51.18%
    • 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

    Insight Strategic Wealth LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Insight Strategic Wealth LLC

    Michael Reynolds
    Knoxville, TN
    Jaime Conry
    Knoxville, TN
    Patricia Taylor
    Knoxville, TN

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