Strategic Advisory Services

CRD#287984
Investment Advisor Firm

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Learn more about Strategic Advisory Services

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

    • Overview

    Strategic Advisory Services is a financial advisor company headquartered in Memphis, Tennessee. It controls $150.4 million in total assets across 432 customer accounts, making it a mid-tier firm in the country by assets under management (AUM). Strategic Advisory Services has a small group, including 10 financial advisors. Strategic Advisory Services is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like options, bonds and stocks.

    Strategic Advisory Services administers all of the firm's accounts in a discretionary manner. Discretionary management means that a portfolio manager makes buy and sell judgments for the client's account without requiring the customer's authorization. The advisory firm supervises about $348,200 for each account. An average advisor at Strategic Advisory Services administers around 43 client accounts, placing it towards the middle in terms of personalization.

    The company's headquarters is located at 6465 Quail Hollow Road, Memphis, Tennessee 38120. The company is legally allowed to provide services to customers across 4 states, including Arkansas, Mississippi, Tennessee and Texas.

    Assets Under Management

    $150.4 million

    Number of Advisors

    10

    Disclosures

    No

    Office Location

    6465 Quail Hollow Road
    Memphis, TN 38120

    Strategic Advisory Services by the Numbers

    Total Assets Under Management

    $150.4 million

    National Average: $8.6 billion
    Total Number of Employees

    10

    National Average: 64
    Total Number of Accounts

    432

    National Average: 375,227
    Average Account Size

    $348.2 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees are based on the services provided. However, fees charged by Strategic Advisory Services typically consist of the following fee structure: asset-based. Strategic Advisory Services does not supply a wrap fee program, in which the firm 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.

    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

    Strategic Advisory Services works with retail investors, high net worth investors and charitable organizations. Out of its 432 accounts, Strategic Advisory Services's largest client group is retail investors, although it also serves 40 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). None of its customers are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 9.26%
    • Other Individuals - 90.28%
    • Corporations - 0%
    • Charitable Organizations - 0.46%

    * 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 Advisory Services does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Strategic Advisory Services

    Staci Jackson
    Memphis, TN
    Audrey Liles
    Memphis, TN
    Thomas Christenbury
    Memphis, TN
    Charles Hardee
    Memphis, TN
    Lisa Clapper
    Memphis, TN
    James Walker
    Memphis, TN
    Kent Monypeny
    Memphis, TN
    Samuel Humphreys
    Memphis, TN
    Michael Agee
    Memphis, TN

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