Strait Direction Wealth Management
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$2,216,942
Total clients
17
0% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
17
Average account size
$130,408
About
Strait Direction Wealth Management provides personalized financial planning and discretionary investment management to individuals, small businesses, trusts, estates, and charitable organizations. The firm delivers comprehensive planning services and limited-scope engagements, and supports clients on matters such as cash flow, tax planning, retirement planning, and estate considerations.
The firm follows a largely passive, buy-and-hold investment approach implemented primarily through no-load mutual funds and exchange-traded funds, with portfolios diversified and managed under written investment policy statements. Client accounts are typically managed on a discretionary basis, with ongoing monitoring of capital markets and portfolio adjustments driven by each client’s stated risk tolerance, liquidity needs, and objectives.
Distinctive features include the firm’s principal’s registration as a representative of a broker-dealer (Independence Capital Company) and an affiliated tax-preparation/accounting business (Mitchell Financial Services), which create closer coordination between investment, brokerage access, and tax/accounting services. The adviser also offers educational-style services such as financial coaching and operates at a small scale—managing roughly $2.2 million across a limited client roster—which may affect the level of direct client interaction compared with larger peers.
Client services
Financial planning
Portfolio management
Educational seminars or workshops
Financial coaching
Expertise
General retirement planning
General tax planning
Cash flow / budgeting
Fee options
$500 to $6,000 for comprehensive financial planning; $150 per session for financial coaching
$0 - $5,000,000: 1.35% $5,000,001+: Negotiable
$250/hr for hourly planning engagements, negotiable on a case-by-case basis
Retainer fees ranging from $2,500 to $6,000 minimum first year, renewal fees may vary
Main office location
Strait Direction Wealth Management
5001 Mayfield Rd., Ste. 210
Lyndhurst OH 44124, United States
Number of offices
1
Most active in
Strait Direction Wealth Management has reported serving >5 clients in these states in the last 12 months.
Ohio
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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