Dba Stone Wealth Management

CRD#132202
Investment Advisor Firm

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Overview

Dba Stone Wealth Management operates as an advisory firm that has its headquarters in Austin, Texas. The firm controls $269.3 million in assets across 745 client accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). The firm has a small group, including 2 financial advisors. Dba Stone Wealth Management is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable financial investments like equities, options and bonds.

Dba Stone Wealth Management administers 695 of the company's client assets on a discretionary basis. Discretionary management is a structure in which buy and sell decisions for the client's account are made by an investment advisor without needing to seek client authorization. Dba Stone Wealth Management also manages 50 non-discretionary accounts totaling $10.6 million in AUM. The investment advisory firm supervises roughly $361,504 for every client account. An average financial advisor at Dba Stone Wealth Management manages around 373 client accounts.

The firm's headquarters is located at 4210 Spicewood Springs Road, Austin, Texas 78759. The firm is allowed to serve clients in the state of Texas.

Assets Under Management

$269.3 million

Number of Advisors

2

Disclosures

No

Office Location

4210 Spicewood Springs Road
Austin, TX 78759

Dba Stone Wealth Management by the Numbers

Total Assets Under Management

$269.3 million

National Average: $8.6 billion
Total Number of Employees

6

National Average: 64
Total Number of Accounts

745

National Average: 375,227
Average Account Size

$361.5 thousand

National Average: $23.0 thousand
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Products and Services

Dba Stone Wealth Management offers a number of services, which can include financial planning services, portfolio management for individuals and small businesses and educational seminars. In the last financial year, the firm provided financial planning services to 11-25 of its accounts. Dba Stone Wealth Management is not engaged in selling products or offering services apart from investment advisory services to its investment advisory clients.

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

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    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.

  • Offered by 6% of firms

    Educational Seminars/Workshops

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

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Fee Structure

Financial advisory fees usually are based on which services the firm provides the client. Fees billed by the company likely are comprised of any combination of the following fee structures: asset-based or fixed. Dba Stone Wealth Management does not participate in a wrap fee program, in which the company offers a service bundle for a single fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    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 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.

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 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

Dba Stone Wealth Management caters to retail investors and high net worth investors. Out of its 745 accounts, Dba Stone Wealth Management's biggest client type is retail investors, though it also serves 70 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person 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 reside abroad.

  • High-Net-Worth Individuals* - 35%
  • Other Individuals - 65%
  • 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

Dba Stone Wealth Management does not have any disclosures.

Please visit its Form ADV for more details.

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