Stringer Asset Management, LLC

CRD#166133
Investment Advisor Firm

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Learn more about Stringer Asset Management, LLC

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

    • Overview

    Stringer Asset Management, LLC operates as a financial advisory firm headquartered in Memphis, Tennessee. Stringer Asset Management, LLC handles $43.8 million in assets over 45 accounts. It has a small team, including 3 financial advisors. Stringer Asset Management, LLC is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are tradable financial investments like options, bonds and equities.

    Stringer Asset Management, LLC administers all of the firm's accounts on a discretionary basis. Discretionary management is a structure in which buy and sell choices for the client's account are made by a portfolio manager without needing client approval. The company administers about $972,757 in assets for each customer account. An average advisor at Stringer Asset Management, LLC manages about 15 client accounts, placing it among the more personalized advisor firms in the country.

    The firm's central office is located at 5050 Poplar Avenue, Memphis, Tennessee 38157. Stringer Asset Management, LLC is registered to provide services to investors throughout a few states, including Kentucky, Louisiana, Pennsylvania, Tennessee and Texas.

    Assets Under Management

    $43.8 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    5050 Poplar Avenue
    Memphis, TN 38157

    Stringer Asset Management, LLC by the Numbers

    Total Assets Under Management

    $43.8 million

    National Average: $8.6 billion
    Total Number of Employees

    6

    National Average: 64
    Total Number of Accounts

    45

    National Average: 375,227
    Average Account Size

    $972.8 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors largely vary depending on the type of financial services provided. Fees billed by the firm typically consist of the following fee structure: asset-based. The company does participate in a wrap fee program, in which the firm offers a service bundle for a single 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

    It works with retail investors and investment companies. Out of its 45 clients, Stringer Asset Management, LLC's biggest client type is retail investors. None of its accounts reside abroad.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 97.73%
    • Corporations - 2.27%
    • 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

    Stringer Asset Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Stringer Asset Management, LLC

    Kimberly Escue
    Memphis, TN
    Chad Keller
    Memphis, TN
    Jonathan Bernstein
    Memphis, TN
    Gary Stringer
    Memphis, TN
    Kaitlyn Dowling
    Philadelphia, PA
    Thomas Farrell
    Olathe, KS

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