Strait & Sound Wealth Management LLC operates as a registered investment advisor offering wealth management on both a discretionary basis, where the firm makes trades without prior approval, and a non-discretionary basis. The firm focuses on understanding each client's unique values, goals, assets, and life circumstances to build customized investment policy statements and action plans. Services encompass financial planning, retirement planning, asset and liability analysis, portfolio design, cash flow analysis, charitable giving strategies, tax optimization, asset protection, and insurance reviews. For clients seeking alternative solutions to meet specific goals, Strait & Sound may also recommend private funds after conducting due diligence. While the firm primarily charges fees based on a percentage of assets under management, hourly consulting is available in limited circumstances. Strait & Sound tailors its approach to accommodate reasonable investment restrictions requested by clients.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | 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% |
Fees for assets over $10,000,000 are negotiable. Lower fees may also be negotiated for friends, family, business beneficiaries, or clients with reduced service scope and complexity.