Strid Group, LLC (King Of Prussia)

Name: Strid Group, LLC
Address: 1000 Continental Drive, King Of Prussia, PA, 19406
Telephone: (610) 994-9190

Strid Group, LLC is a large advisory firm based in King Of Prussia. It manages $477.68 million of regulatory assets for 1,722 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Florida, New Jersey, and 3 other states.

Strid Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Strid Group: assets under management

The assets under management (AUM) of Strid Group, LLC is $477.68 million. The firm's AUM has grown by 19% since the beginning of its operation, and $380 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $460.38 million in discretionary accounts and $17.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $273.71 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $432.5 thousand.

Strid Group has custody of $233.49 million in cash and securities for 394 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is investment and business development companies, which make up 27% of the firm’s portfolio. Investments in investment grade corporate bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Strid Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Strid Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Strid Group is high net worth individuals with 108 clients and $422.42 million of assets under management. Among the 10 most similar advisory firms, Strid Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $477.68 million for 235 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Strid Group doesn't advise any private funds.

Careers at Strid Group, LLC

The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 6 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
Erik Ortlieb Strid	Managing member	1 Feb 2014	50% - 75%	2332826
Paul Flick Strid	Managing partner & chief compliance officer	1 Feb 2014	50% - 75%	4718044

Based in King Of Prussia

The principal office where Strid Group, LLC performs its advisory services is located at 1000 Continental Drive, King Of Prussia, PA 19406, 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 (610) 994-9190 or by fax (610) 964-9190. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at concentuswealth.com.