Richard W. Lowrie, Jr., AIF®
Chief Investment Officer
MBA, MS, CFP®
Director of Financial Planning
We are excited to introduce our new partners. We have evaluated 11 different affiliation options at considerable depth. We truly believe we have selected both a Registered Investment Advisor (Stratos Wealth Advisors) and a custodian (TD Ameritrade) that we consider some of the best in their respective class. Combined, they are the best fit for our practice when it comes to the support we need to best serve you.
Who is Stratos Wealth Advisors & Why We Chose Them
Stratos Wealth Advisors is a Registered Investment Advisor (RIA). Their primary role is providing third-party compliance oversight, technology integration, infrastructure, and operational and practice management support. In selecting an RIA partner, our top two criteria (among nearly 70 variables) were: 1. Would we be proud to work there? 2. Do they have the right culture?
Stratos started in 2009 with a belief that clients always come first. While every firm can say that, there are key differences that set them apart in our opinion. In terms of structure, they have an open architecture that allowed us to evaluate different custodians and select the best fit for us. Throughout the process, they were strong advocates on our behalf. All too often, the RIA and custodian are inseparable, and the only way to upgrade one is to replace both.
Stratos specializes in serving independent practices like ours and, collectively, independent business owners can sometimes be a tough bunch to please. We are proud to serve a diverse set of clients, goals, and needs, but with that comes a certain level of complexity that places heavy demands on our support partners. Their culture is aligned such that they treat our practice as a valuable client to them, the same way you are a valuable client to us. With this alignment, your success means our success, and ours means Stratos remains successful.
Confirming our assessment, the marketplace has validated Stratos’ value proposition. From its 2009 founding in Beachwood, OH, Stratos Wealth Holdings has grown to include several entities which incorporate Stratos Wealth Partners ($14.3B), Stratos Wealth Advisors ($1.1B), and Fundamentum ($505MM). Stratos also supports nearly 300 experienced independent financial advisors and financial planning practitioners, serving 15,000 clients, working across 87 offices in 24 states. Their success affords them the size and scale to provide both a breadth and depth of support unmatched by smaller firms.
Stratos Wealth Advisors is part of the Stratos Wealth Network, a family of companies focused on supporting the growth and success of advisory practices and their clients, across business models and affiliation structures. Stratos companies include Stratos Wealth Partners*, Stratos Wealth Advisors, Stratos Wealth Management, Stratos Wealth Enterprises, and Fundamentum.
*Stratos Wealth Partners, Ltd., was named to Barron's 2019 Top 50 Leading independent advisory firms.* Stratos was ranked #16 by Assets under Management (AUM), #4 by clients, #2 by advisors, #4 by offices, and #4 by states). Rankings based on qualitative and quantitative components, including assets managed, size and experience of teams, and the regulatory records of advisors and firms.
Who is TD Ameritrade & Why We Chose Them
TD Ameritrade Institutional* is a leading provider of comprehensive brokerage and custody services to over 6,000 fee-based independent Registered Investment Advisors (RIAs) and their clients. They deliver smart operational solutions, innovative technology, customized practice management and flexible investment solutions, all with one goal in mind—impeccable service. As steadfast advocates for independent advisors, TD Ameritrade Institutional continually speaks out to ensure that RIA needs and their clients' needs are always considered within the regulatory environment. Their collaborative approach and innovative technology solutions ensure that we spend less time navigating a one-size-fits-all solution and more time focused on exceeding your expectations.
*TD Ameritrade Institutional, Division of TD Ameritrade, Inc., member FINRA/SIPC.