Droms Strauss Wealth Management offers investment management services to high-net-worth individuals, trusts, estates, pension and profit-sharing plans, and other legal entities. Droms Strauss invests client assets in mutual funds, exchange traded funds (ETFs), and structured notes. Droms Strauss also provides advice on personal financial planning matters, including cash management, income tax planning, education planning, retirement planning, estate planning, risk management, and charitable giving. This advice is included in the overall services provided under the Investment Advisory Agreement.
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.