Stratos Wealth Advisors LLC (Beachwood)

Stratos Wealth Advisors LLC is a large advisory firm based in Beachwood. It manages $494.63 million of regulatory assets for 2,033 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Stratos Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Stratos Wealth Advisors: assets under management

The assets under management (AUM) of Stratos Wealth Advisors LLC is $494.63 million. The firm's AUM has grown by 58855% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $492.42 million in discretionary accounts and $2.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $245.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $88.55 thousand.

Stratos Wealth Advisors has custody of $14.85 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stratos Wealth Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jeffrey Alan Concepcion serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Jeffrey Alan Concepcion is high net worth individuals with 172 clients and $352.64 million of assets under management. Among the 10 most similar advisory firms, Stratos Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $493.73 million for 912 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Stratos Wealth Advisors doesn't advise any private funds.

Careers at Stratos Wealth Advisors LLC

The company employs 34 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. 21 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jeffrey Alan Concepcion has been acting as President since 1 Oct 2008. Daniel Jack Jacoby has served as the Chief Investment Officer since 1 May 2010. Bryan D Meilinger joined the executive team most recently as the Director Of Advisory Compliance, Non Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Alan Concepcion	President	1 Oct 2008	75% - 100%	1899367
Nancy Eileen Andrefsky	Cfo, coo	1 Oct 2008	Other	5626963
Daniel Jack Jacoby	Chief investment officer	1 May 2010	Other	2541027
Barbara Jean Dull	Director of brokerage compliance	1 Oct 2014	Other	1036911
Matthew James Dunn	Chief compliance officer	1 Oct 2014	Other	4882331
Barbara Jean Dull Simons	Director of brokerage compliance, non-member	1 Oct 2014	Other	1036911
Eric Andrew Beahn	Director of advisory operations	1 Oct 2015	Other	4917272
Stratos Wealth Holdings Llc	Member	1 Jan 2016	75% - 100%	81-2644077
Jeffrey Alan Concepcion	Chief executive officer; elected mananger	1 May 2016	Other	1899367
Nancy Eileen Andrefsky	Chief financial officer; non-member	1 May 2016	Other	5626963
Daniel Jack Jacoby	Portfolio manager; non-member	1 May 2016	Other	2541027
Matthew James Dunn	Chief compliance officer; non-member	1 May 2016	Other	4882331
Eric Andrew Beahn	Director of advisory operations; non-member	1 May 2016	Other	4917272
Jennifer Kathryn Pieronek	Director of advisory compliance	1 Feb 2017	Other	2449551
Jennifer Kathryn Pieronek	Director of advisory operations, non-member	1 Jan 2019	Other	2449551
Bryan D Meilinger	Director of advisory compliance, non-member	1 Jul 2019	Other	5417658

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Alan Concepcion	Managing member	1 Jan 2016	75% - 100%	1899367

Based in Beachwood

The principal office where Stratos Wealth Advisors LLC performs its advisory services is located at 3750 Park East Drive, Beachwood, OH 44122, which is also the mailing address of the firm. An additional office of the firm is in Hilliard, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (440) 505-5620 or by fax (440) 505-5669. The normal business hours are 8:00 am - 5 pm on Monday - Friday.