Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Banking Institutions
- Pension & Profit Sharing Plans
- Charitable Organizations
- Insurance Companies
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Other
Stratos Wealth Partners, Ltd Overview
Stratos Wealth Partners, Ltd is a fee-based registered investment advisory firm that has been in business since 2010. Their headquarters is located in Beachwood, OH. They specialize in investment advice only, and offer a variety of services to both individuals and small businesses. These include financial planning, portfolio management, and pension consulting services. They also offer portfolio management for businesses or institutional clients and have a strong track record in selecting other advisors for their clients. As a fee-based firm, Stratos Wealth Partners charges clients a fee instead of earning commissions from the products they sell. This fee arrangement ensures that the interests of the client and the advisor are aligned, as the firm benefits only when clients benefit from their advice. This type of fee arrangement also allows for transparency and flexibility, as clients can better understand the costs they are paying and adjust their services as needed. Stratos Wealth Partners is focused on providing customized advice to their clients, tailoring their services to individual needs and goals. Their experienced team of advisors is dedicated to helping clients achieve their financial objectives and prides themselves on providing top-notch customer service. Their expertise in portfolio management and pension consulting services makes them an ideal partner for individuals and businesses looking to build, protect, and grow their wealth.
STRATOS WEALTH PARTNERS, LTD is a renowned wealth management firm catering to diverse clients. The company boasts a vast array of clientele, including individuals of all income levels, high net worth individuals, banking institutions, pension or profit sharing plans, charitable organizations, insurance firms, and non-listed corporation types. As a trusted advisory partner, STRATOS WEALTH PARTNERS, LTD offers personalized financial planning solutions to meet each client's unique needs. When it comes to fee structures, STRATOS WEALTH PARTNERS, LTD offers different options, depending on the service provided. The company charges a percentage of the assets under management for portfolio management or financial planning services. Clients may also opt for hourly or fixed fees, depending on their preference and budget. The financial advisory firm also offers other types of fees, such as performance-based fees, depending on the agreement reached between the client and the company. STRATOS WEALTH PARTNERS, LTD is committed to providing transparent and competitive fee structures that align with their clients' long-term financial goals.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for Stratos Wealth Partners, Ltd is $250,000 for their PWP (Private Wealth Program), as stated in their Part 2 Brochure note about investment minimums. However, it is mentioned that in certain instances, LPL (a partner company) may allow for a lower minimum account size.
How This Office Can Help Pawling, NY Residents
Stratos Wealth Partners, Ltd. is a comprehensive financial services firm that offers personalized guidance to clients in the Pawling, NY area. Their team of experienced financial advisors provides advice on a wide range of financial planning issues, such as retirement planning, estate planning, tax planning, and investment strategy. With a focus on building long-term relationships, they work closely with clients to develop customized financial plans that meet their unique needs and goals. Pawling, NY residents face a variety of financial challenges, including the high cost of living in the area, the need to save for retirement, and the challenge of managing debt. Stratos Wealth Partners, Ltd. helps clients to understand their financial situation and develop a plan that addresses these challenges. By focusing on a holistic approach to financial planning, they consider a wide range of factors, such as income, expenses, debt, and investments, to develop a plan that helps clients achieve their financial goals. Whether someone is just starting out in their career or planning for retirement, Stratos Wealth Partners, Ltd. has the expertise and knowledge to help them succeed.
Services Offered by Stratos Wealth Partners, Ltd
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Stratos Wealth Partners, Ltd most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Stratos Wealth Partners, Ltd is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
Disciplinary History
Stratos Wealth Partners, Ltd does not have any disclosures. Please visit it's Form ADV for more details.