Strait Direction Wealth Management
Assets Under Management
$1.7M
Number of Clients
16
Number of Advisors
1
Average Client AUM
$104K
AUM per Advisor
$1.7M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Strait Direction Wealth Management, LLC offers personalized financial planning and investment management services to middle-class to high-net-worth individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and small businesses. Advice covers financial objectives, cash flow, tax planning, insurance, investment management, education funding, retirement, and estate planning.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $5.0M | 1.35% |
| $5M+ | 1.35% |
Fees negotiable for accounts over $5,000,000.
Fee Estimator
Strait Direction Wealth Management charges a flat fee for financial plans, ranging from $500 to $6,000, based on complexity. Retainer fees range from $2,500 to $6,000 for the first year. Hourly planning is available at $250/hour. Financial coaching is $150 per session. Investment management fees are billed monthly in advance, based on assets under management. The annual fee is 1.35% on assets up to $5,000,000, and negotiable for amounts above that. There is no minimum account size or minimum annual fee.
Areas of Practice
Location
5001 Mayfield Rd., Ste. 210, Lyndhurst, OH, 44124