Strategic Advisers LLC

CRD#104555
Investment Advisor Firm

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Learn more about Strategic Advisers LLC

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

    • Overview

    Strategic Advisers LLC operates as an advisory firm that has its headquarters in Boston, Massachusetts. It oversees $737.3 billion in total assets throughout 1.5 million customer accounts, placing it among the biggest investment advisory firms in the nation by assets under management (AUM). It has a large team, including 154 financial advisors. Strategic Advisers LLC is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial assets like stocks, bonds and options.

    Strategic Advisers LLC manages more than half of the company's accounts in a discretionary manner. Discretionary management is a structure in which buy and sell choices for the client's account are made by an investment advisor without needing client consent. Strategic Advisers LLC also has 26 non-discretionary accounts totaling $32.2 billion in assets. Strategic Advisers LLC oversees roughly $496,888 in assets for every account. The average financial advisor at Strategic Advisers LLC oversees around 9,631 client accounts.

    The firm's main office is located at 245 Summer Street, V10B, Boston, Massachusetts 2210. The company is legally allowed to serve clients throughout 51 U.S. states and territories.

    Assets Under Management

    $737.3 billion

    Number of Advisors

    154

    Disclosures

    No

    Office Location

    245 Summer Street, V10B
    Boston, MA 02210

    Strategic Advisers LLC by the Numbers

    Total Assets Under Management

    $737.3 billion

    National Average: $9.0 billion
    Total Number of Employees

    235

    National Average: 71,771
    Total Number of Accounts

    1,483,231

    National Average: 4,329
    Average Account Size

    $497.1 thousand

    National Average: $2.1 million

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    Products and Services

    Strategic Advisers LLC provides a number of services, including portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers and other services. However, the company did not provide financial planning services to any of its customers in the last financial year. It is not involved in selling products or offering services aside from investment advice to its investment advisory accounts. The company is also affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant and commodity pool advisor.

    Core Advisor Services

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      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 47% 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 21% 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.

    • Find a firm that offers this service

      Educational Seminars/Workshops

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

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    Fee Structure

    Fees for financial advisory services largely are based on which services the firm provides the client. Fee types charged by the company most likely consist of some blend of the following fee types: asset-based, fixed or other. The company does participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 70% 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 33% 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 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.

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    Types of Clients

    Strategic Advisers LLC does business with a broad range of customers. It caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations and corporations. Out of its 1,483,231 customers, Strategic Advisers LLC's largest client type is retail investors, although it also manages money for 410,931 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as 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* - 33.37%
    • Other Individuals - 65.99%
    • Corporations - 0.64%
    • 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

    Strategic Advisers LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Strategic Advisers LLC

    Valeria Lopez
    Denver, CO
    Aimee Degiovanni
    Boston, MA
    Alison Lynch
    Englewood, CO
    Mark Halfhill
    Denver, CO
    Michael Mccarthy
    Boston, MA
    Matthew Mitsis
    Boston, MA
    Bryan Applequist
    Englewood, CO
    Emily Desimone
    Moorpark, CA
    Peter Dow
    Boston, MA

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    The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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