Strategic Advisory Services

CRD#287984
Investment Advisor Firm

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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

Audrey Liles
Memphis, TN
Thomas Christenbury
Memphis, TN
Staci Jackson
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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