Michael Murphy is a registered investment advisor at Droms Strauss Wealth Management, based in St. Louis, MO, with 17 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Charitable Giving, Estate Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 409 clients with $730M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.00% |
| $500K - $1.0M | 0.90% |
| $1.0M - $2.0M | 0.75% |
| $2.0M - $5.0M | 0.60% |
| $5.0M - $10.0M | 0.40% |
| $10M+ | 0.25% |
Fee schedule is negotiated on a client-by-client basis. Employees, family members, and others with relationships with Droms Strauss’ associated persons may be charged lower fees or no fees, at Droms Strauss’ sole discretion.
Fee Estimator
Location
501 N Lindbergh Boulevard, St. Louis, MO, 63141-7844
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Employment History
Current Registrations
Droms Strauss Wealth Management
Previous Registrations
Polaris Capital Advisors INC
Walnut Street Securities, INC.
Linsco/private Ledger CORP.
Ws Griffith Securities, INC.
State Registrations1 state
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