Stapp Wealth Management, Pllc

CRD#116553
Investment Advisor Firm

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Overview

Stapp Wealth Management, Pllc operates as an advisory firm headquartered in Olympia, Washington. It manages $105.1 million in assets over 248 accounts, making it a mid-tier investment advisory firm in the country by assets under management (AUM). The firm has a small group, including 3 financial advisors. Stapp Wealth Management, Pllc does not act as a registered broker-dealer, meaning the firm is not able to 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 fiscal investments like options, bonds and equities.

Stapp Wealth Management, Pllc oversees all of the firm's client assets on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make buy and sell decisions for the client's account without requiring client authorization. Stapp Wealth Management, Pllc supervises an average of $423,652 in assets for every account. The typical advisor at Stapp Wealth Management, Pllc oversees around 83 client accounts.

The company's main office is at 1800 Cooper Point Road Sw, Olympia, Washington 98502-1179. The company is registered to provide services to customers throughout a few states, including California, Oregon and Washington.

Assets Under Management

$105.1 million

Number of Advisors

3

Disclosures

No

Office Location

1800 Cooper Point Road Sw
Olympia, WA 98502-1179

Stapp Wealth Management, Pllc by the Numbers

Total Assets Under Management

$105.1 million

National Average: $8.6 billion
Total Number of Employees

3

National Average: 64
Total Number of Accounts

248

National Average: 375,227
Average Account Size

$423.7 thousand

National Average: $23.0 thousand
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Products and Services

Services that Stapp Wealth Management, Pllc offers can include financial planning services and portfolio management for individuals and small businesses. In the prior fiscal year, the firm provided 26-50 of its accounts with financial planning services. The firm is not engaged in selling products or offering services aside from investment advice 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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Fee Structure

Financial advisory fees typically depend on the type of services provided. Fees charged by the company typically consist of the following fee structure: asset-based. The company does not provide 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

The firm provides services to retail investors and high net worth investors. Out of its 248 clients, Stapp Wealth Management, Pllc's largest client type is retail investors, but it also caters to 30 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 its customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 12.1%
  • Other Individuals - 87.9%
  • 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

Stapp Wealth Management, Pllc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Stapp Wealth Management, Pllc

Rebecca Stapp
Olympia, WA
Thomas Stapp
Olympia, WA
Gregory Stapp
Olympia, WA

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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