Stratos Wealth Partners, LTD

CRD#153184
Investment Advisor Firm

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Learn more about Stratos Wealth Partners, LTD

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

    • Overview

    Stratos Wealth Partners, LTD is located at 3750 Park East Dr, Beachwood, OH. The firm employs 325 financial advisors. Stratos Wealth Partners, LTD is not a registered broker-dealer.

    The firm manages $14.5 billion in assets under management across 39,538 accounts, with 37,314 discretionary accounts and 2,224 non-discretionary accounts. Over the past year, the firm has provided financial planning services to 1,000 clients. Services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, and educational seminars. The firm serves retail investors, high net worth investors, pension plans, charitable organizations, and corporations, with retail investors representing the largest client type by accounts. The fee structure includes asset-based, hourly, fixed, and other fees. The firm has 3,253 high net worth clients and maintains an affiliation with a broker-dealer or securities dealer.

    Stratos Wealth Partners, LTD is registered in 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, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, Wisconsin, Wyoming, Missouri, Washington, Texas, and New Hampshire.

    Assets Under Management

    $14.5 billion

    Number of Advisors

    325

    Disclosures

    No

    Office Location

    3750 Park East Dr
    Beachwood, OH 44122

    Stratos Wealth Partners, LTD by the Numbers

    Total Assets Under Management

    $14.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    555

    National Average: 64
    Total Number of Accounts

    39,538

    National Average: 375,227
    Average Account Size

    $366.0 thousand

    National Average: $23.0 thousand
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    Products and Services

    Financial services that Stratos Wealth Partners, LTD provides can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, and educational seminars. In the prior fiscal year, Stratos Wealth Partners, LTD provided 1000 of its accounts with financial planning servcies. The company does sell products or offer services apart from investment advisory services to its clients. Stratos Wealth Partners, LTD is affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer.

    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

    • Offered by 20% of firms

      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

    Fiancial advisory fees typically depend on the type of services offered. Fees billed by Stratos Wealth Partners, LTD can include some combination of the following fee types: asset-based, hourly, fixed, and other. The company does participate in a wrap fee program, in which the company offers a service bundle for a single fee.The firm has the ability to withdraw its fees directly from client accounts.

    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.

    • Offered by 21% of firms

      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.

    • 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.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • 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.

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    Types of Clients

    The company does business with a number of different investors. The firm provides services to retail investors, high net worth investors, pension plans, charitable organizations, and corporations. Out of its 39,538 clients, Stratos Wealth Partners, LTD's biggest client group by number of accounts is retail investors, though it also serves 3,253 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 14.99%
    • Other Individuals - 83.43%
    • Corporations - 1.26%
    • Charitable Organizations - 0.32%

    * 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

    Stratos Wealth Partners, LTD does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Stratos Wealth Partners, LTD

    Colin Domonoske
    San Diego, CA
    Austin Green
    Baton Rouge, LA
    Richard Gallacher
    Salt Lake City, UT
    Mark Obrock
    Columbus, OH
    Justin Porco
    Sewickley, PA
    Dylan Dewitt
    Fostoria, OH
    John Nilson
    Scottsdale, AZ
    Maryjo Morello
    Westlake, OH
    Christopher Zapata
    Darien, CT

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