Strait & Sound
Assets Under Management
$303.9M
Number of Clients
277
Number of Advisors
8
Average Client AUM
$1.1M
AUM per Advisor
$38.0M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Strait & Sound offers wealth management on a discretionary and non-discretionary basis. They conduct a discovery process to align client expectations with strategies and planning to achieve financial and life goals. They also offer investment consulting services, including financial planning, retirement planning, and tax optimization strategies. They may recommend private funds to clients who voiced an interest in these types of investments.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $300K | 1.50% |
| $300K - $600K | 1.30% |
| $600K - $1.2M | 1.10% |
| $1.2M - $2.4M | 1.00% |
| $2.4M - $5.0M | 0.90% |
| $5.0M - $10.0M | 0.80% |
| $10M+ | 0.80% |
Assets over $10,000,000 negotiable. Using the previous tier's fee percentage for the negotiable tier.
Fee Estimator
Investment management fees range from 0.5% to 1.5% per year of assets under management. Fees are billed quarterly, based on the assets under management as of the last day of the previous calendar quarter. Lower fees may be negotiated for friends, family, and clients beneficial to the business, or for reduced scope of services. Investment consulting services are provided for no additional fee to investment management clients. For clients who opt not to engage for asset management, the hourly fee is $500.
Areas of Practice
Location
DE, United States