Precision Wealth Strategies, LLC (St. Louis)

Precision Wealth Strategies, LLC is a large advisory firm based in St. Louis. It manages $100.6 million of regulatory assets for 540 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Illinois, Louisiana, Missouri, and Texas.

Precision Wealth Strategies 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 doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Precision Wealth Strategies: assets under management

The assets under management (AUM) of Precision Wealth Strategies, LLC is $100.6 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $11.2 million in discretionary accounts and $89.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $861.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $169.64 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 45% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Precision Wealth Strategies, 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 Precision Wealth Strategies serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Precision Wealth Strategies is high net worth individuals with 100 clients and $69.1 million of assets under management. Among the 9 most similar advisory firms, Precision Wealth Strategies has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $100.6 million for 248 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.

Precision Wealth Strategies doesn't advise any private funds.

Careers at Precision Wealth Strategies, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Darin Jerome Robinson	Managing member & chief compliance officer	1 Dec 2018	75% - 100%	4594551

Based in St. Louis

The principal office where Precision Wealth Strategies, LLC performs its advisory services is located at 4622 Macklind Ave, St. Louis, MO 63109, 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 314-994-6460. The normal business hours are 9am - 5pm on Monday - Friday.