Strata Wealth Advisors, LLC (Dallas)

Name: Strata Wealth Advisors, LLC
Address: 8750 N. Central Expressway, Suite 1875, Dallas, TX, 75231
Telephone: (214) 420-7020

Strata Wealth Advisors, LLC is a large advisory firm based in Dallas. It manages $208.21 million of regulatory assets for 388 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Texas.

Strata Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Strata Wealth Advisors: assets under management

The assets under management (AUM) of Strata Wealth Advisors, LLC is $208.21 million. The firm's AUM has grown by 107% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $182.86 million in discretionary accounts and $25.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $547.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $469.42 thousand.

Strata Wealth Advisors has custody of $102.38 million in cash and securities for 31 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 96% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Strata Wealth Advisors, LLC for their services and products based on a percentage of assets under management 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 Strata Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Strata Wealth Advisors is high net worth individuals with 48 clients and $198.18 million of assets under management. Among the 10 most similar advisory firms, Strata Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $207.01 million for 86 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.

Strata Wealth Advisors doesn't advise any private funds.

Careers at Strata Wealth Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Vyoma Vipul Patel	Chief compliance officer	1 Feb 2017	Other	5732264
Llc Krp Holdings	Member	1 Apr 2017	75% - 100%	81-5471836
Llc Cumbaco	Member	1 Apr 2017	Other	82-0732776

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Roy Painter	Managing member	1 Feb 2017	75% - 100%	4362164
Brandon Keith Cumba	Managing member	1 Feb 2017	75% - 100%	6147073

Based in Dallas

The principal office where Strata Wealth Advisors, LLC performs its advisory services is located at 8750 N. Central Expressway, Suite 1875, Dallas, TX 75231, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (214) 420-7020 or by fax (214) 420-7030. The normal business hours are monday -thursday: 8:00 a.m. - 5:00 p.m. | friday: 8:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at stratawealth.com.