Strait Direction Wealth Management
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$2,216,942
Clients
17
0% high-net-worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
17
TypicalAverage account size
$130,408
About
Strait Direction Wealth Management provides personalized financial planning and discretionary investment management primarily to middle- and high-net-worth individuals, trusts, estates, charitable organizations and small businesses. The firm delivers a range of engagement types — comprehensive plans, retainer and hourly engagements, asset management, education funding reviews, and financial coaching sessions — to a small client roster.
The firm generally implements a passive buy-and-hold approach, constructing diversified portfolios mainly with no-load mutual funds and exchange-traded funds and documenting objectives in an investment policy statement; it monitors capital market conditions and makes portfolio adjustments as client circumstances change. SDWM typically manages client accounts on a discretionary basis while allowing clients to impose reasonable restrictions and emphasizing asset allocation and diversification to manage risk.
What is distinctive about this single-advisor practice is the advisor’s dual roles in related industries: the advisor is a registered representative of a broker-dealer and is licensed to sell insurance, and also operates an affiliated tax-preparation/accounting business, which can allow more integrated tax and planning work than is typical for firms of this size. The firm’s offering of financial coaching and broader financial-planning services alongside those affiliations is an uncommon combination among independent, solo advisory practices.
Client services
Financial planning
Portfolio management
Educational seminars or workshops
Financial coaching
Expertise
General tax planning
Cash flow / budgeting
Fee options
Financial planning flat fee ranging from $500 to $6,000; Financial coaching $150 per session
$0 - $5,000,000: 1.35% $5,000,001+: Negotiable
$250 per hour for hourly planning engagements, negotiable case-by-case
Retainer fees subjectively computed, minimum first year retainer fee $2,500 to $6,000
Minimum fee: Retainer fees minimum first year ranges from $2,500 to $6,000
Main office location
Strait Direction Wealth Management
5001 Mayfield Rd., Ste. 210
Lyndhurst OH 44124, United States
Number of offices
1
Most active in
Strait Direction Wealth Management has reported serving >5 clients in these states in the last 12 months.
Ohio
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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