Stratos Wealth Partners

Financial Advisor in Birmingham, MI

Firm Info
Address: 401 S Old Woodward Ave, Birmingham, MI 48009, USA
Phone: (248) 723-6245

Firm Size
Assets Under Management: $8.5 billion
# of Advisors: 259
# of Clients: 25,989
Client to Advisor Ratio: 100:1
Average Account Size: $326,993
# of Offices: 1

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

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Stratos Wealth Partners, Ltd Overview

Stratos Wealth Partners, Ltd is an investment advisory firm headquartered in Beachwood, Ohio. The firm has been in business since 2010 and operates under a fee-based fee arrangement. Stratos Wealth Partners is a registered investment advisory firm that focuses on providing investment advice only. The firm offers a range of services that cater to both individual and small business clients. They provide financial planning services that help clients achieve their financial goals. Additionally, Stratos offers portfolio management services for both individuals and businesses. The team is highly skilled in managing investments with the aim of delivering strong returns to their clients. Stratos Wealth Partners, Ltd also offers pension consulting services to help companies manage their retirement plans. The team provides advice on plan design, investment options and fiduciary responsibilities. Lastly, the firm provides a selection of other advisors to clients who require specialized services. Overall, Stratos Wealth Partners, LTD is a reliable, experienced and comprehensive investment advisory firm.

STRATOS WEALTH PARTNERS, LTD specializes in providing customized wealth management solutions for a diverse range of clients. The firm caters to individuals, high net worth individuals, banking institutions, pension or profit sharing plans, charitable organizations, insurance companies, and other corporate entities not listed. With a comprehensive suite of financial planning services, STRATOS WEALTH PARTNERS, LTD is committed to addressing the unique and complex needs of each client across various industries and sectors. The fee structures at STRATOS WEALTH PARTNERS, LTD are tailored to suit the specific needs of each client. Depending on the service provided, the firm offers various fee structures, including a percentage of assets under management (AUM), hourly fees, fixed fees, and other types of fees. For clients seeking investment management services, STRATOS WEALTH PARTNERS, LTD charges a percentage of AUM. This compensation model is ideal for clients who would like their fees to be directly related to the performance of their portfolio. Hourly fees are charged for consultations, financial planning, and other services that do not involve investment management. Clients who prefer a more predictable fee structure opt for fixed fees, which are charged for specific, defined services. Lastly, other types of fees may include performance-based fees, which are charged when certain investment benchmarks are met and incentive fees are earned.

Typical Clients, Fee Structures & Investment Minimum

The Part 2 Brochure note for Stratos Wealth Partners, Ltd. states that a minimum account value of $250,000 is required for the PWP (Private Wealth Program). However, in certain instances, LPL (the firm's clearing firm) will permit a lower minimum account size.

How This Office Can Help Birmingham, MI Residents

Stratos Wealth Partners is committed to helping clients in Birmingham, MI achieve their financial goals and secure their future. They provide comprehensive financial planning services that are customized to meet the specific needs of each client. They work closely with clients to understand their financial situation and develop a personalized plan that takes into account their current assets, income, liabilities, and goals. With a high cost of living in many Birmingham, MI neighborhoods, residents may be facing unique financial challenges such as saving for college education, purchasing a home and navigating through the impacts of inflation. Additionally, residents may be challenged with managing investment portfolios, retirement planning, estate planning, tax management, and unforeseen events such as disability and long-term care. Stratos Wealth Partners offers a holistic approach that addresses these challenges and helps clients achieve financial independence. They provide ongoing guidance and support to help clients stay on track and achieve their goals.

To view the Minimum Investment and Fee Schedule for Stratos Wealth Partners, Ltd, visit their Part 2 Brochure.

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)
Hourly
Fixed Fees (Other than subscription)
Other
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees

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

Firm location 401 S Old Woodward Ave, Birmingham, MI 48009, USA
Phone (248) 723-6245
Directions
Google My Business Reviews:

Other Office Locations

Firm Headquarters
Firm headquarters location 3750 PARK EAST DR, STE 200, BEACHWOOD, OH 44122, United States

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.

FREQUENTLY ASKED QUESTIONS

Fiduciary Financial Advisor FAQs