Droms Strauss Wealth Management logo

Droms Strauss Wealth Management

Updated today

Client AUM

$792,723,133

Clients

412

Advisors

5

across 2 offices

About

Droms Strauss Wealth Management provides customized investment management and financial planning advice to high-net-worth individuals, associated trusts and estates, pension and profit-sharing plans, charitable organizations, businesses and other legal entities. The firm manages roughly $806 million across discretionary and non-discretionary accounts and generally invests client assets in institutional mutual funds, ETFs and structured notes, occasionally engaging unaffiliated independent managers for portions of client portfolios.

The firm works with each client to establish an Investment Policy Statement that guides ongoing portfolio management, and an internal Investment Committee conducts fundamental analysis of securities and funds. Droms Strauss’ investment process is grounded in modern portfolio theory with an emphasis on asset allocation as a driver of long-term performance, and it typically maintains multi-year investment horizons while retaining flexibility to react to market developments.

Droms Strauss is notable for its accounting affiliation: a principal is a certified public accountant who continues to practice accounting on a limited basis, and the firm historically operated a now‑inactive risk management subsidiary, with referrals to outside accountants and attorneys disclosed to clients. The firm is also subject to certain custody practices (including fee debiting and use of standing letters of authorization) that require an annual surprise examination, and it disclosed a settled SEC enforcement matter in 2024 related to marketing disclosures, for which it removed the inconsistent language and paid a fine.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers Estate & tax planning

Expertise

General retirement planning Income planning General tax planning Charitable giving & philanthropy Life insurance needs analysis

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Fee options

Percentage

$0 - $500,000: 1.00% $500,001 - $1,000,000: 0.90% $1,000,001 - $2,000,000: 0.75% $2,000,001 - $5,000,000: 0.60% $5,000,001 - $10,000,000: 0.40% $10,000,001+: 0.25%

Other

Account minimum: $500,000 Minimum fee: $4,000 annual minimum fee, which may be waived or reduced at the firm's sole discretion Fee-only: Investment management fees based on assets under management; no commissions charged.

Main office

See office

501 N Lindbergh Boulevard

St. Louis MO 63141-7844

Advisors at this office

4

Most active in

California · Florida · Georgia · Illinois · Maryland · Missouri · New York · North Carolina · Ohio · South Carolina · Texas · Virginia · Washington · Wisconsin

Also doing business as

Droms Strauss Advisors Inc · Droms Strauss Advisors, Inc. · Droms Strauss Wealth Management · Steven N. Strauss, Cpa Pres. Of Strauss & Company (Accounting Firm) · William G. Droms, Professor Of Finance, Georgetown University

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Robert H

CFP®

St. Louis, MO

Droms Strauss Wealth Management

Robert Hines is a CFP® at Droms Strauss Wealth Management in St. Louis, MO, with 19 years of experience at the firm. He is part of a six-advisor team serving a range of clients including high-net-worth individuals, trusts, and charitable organizations. Droms Strauss Wealth Management manages approximately $730 million and provides customized investment management and financial planning services. The firm emphasizes asset allocation within a modern portfolio theory framework and integrates investment advice with accounting services through a founding principal who is a practicing CPA.

General retirement planning Income planning General tax planning Charitable giving & philanthropy Life insurance needs analysis
user avatar

Anthony G

CFP®, Series 63, Series 65

St. Louis, MO

Droms Strauss Wealth Management

Anthony Gennaoui is a CFP® professional with 11 years of experience in financial advising. He has been with Droms Strauss Wealth Management since 2013. The firm is a six-advisor team based in St. Louis, managing approximately $730 million for high-net-worth individuals, trusts, estates, pension and profit-sharing plans, charitable organizations, and businesses. Droms Strauss Wealth Management offers customized investment management and integrated financial planning, utilizing an internal Investment Committee that applies fundamental analysis and modern portfolio theory to guide investment decisions.

General retirement planning Income planning General tax planning Charitable giving & philanthropy Life insurance needs analysis
user avatar

Steven S

PFS™, Series 65

Estero, FL

Droms Strauss Wealth Management

Steven Strauss is a financial advisor with Droms Strauss Wealth Management, holding the PFS™ designation and Series 65 license, and has 27 years of industry experience. He has worked at Droms Strauss Advisors, Inc. since 1995 and was previously with ELIAS STRAUSS CPAs, LLC. In addition to his advisory role, he prepares tax returns through his CPA practice at S & S Strauss LLC. Droms Strauss Wealth Management serves high-net-worth individuals, trusts, estates, pension and profit-sharing plans, charitable organizations, and businesses. The firm employs a modern portfolio theory-based approach focused on asset allocation, using institutional mutual funds, ETFs, and structured notes, with client portfolios guided by customized Investment Policy Statements and overseen by an internal Investment Committee.

General retirement planning Income planning General tax planning Charitable giving & philanthropy Life insurance needs analysis
user avatar

Jason N

CFA®, Series 63, Series 65

St. Louis, MO

Droms Strauss Wealth Management

Jason Niemann is a CFA® charterholder with 20 years of industry experience. He has worked at Droms Strauss Wealth Management since 2019 and previously held positions at Busey Capital Management and Fifth Third Securities. Jason is based in St. Louis, MO, and holds Series 63 and Series 65 licenses. Droms Strauss Wealth Management is a six-advisor registered investment adviser managing approximately $730 million for high-net-worth individuals, trusts, estates, pension and profit-sharing plans, charitable organizations, and businesses. The firm provides customized investment management and integrated financial planning, utilizing a fundamental analysis and modern portfolio theory approach with an emphasis on asset allocation.

General retirement planning Income planning General tax planning Charitable giving & philanthropy Life insurance needs analysis
user avatar

Michael M

Series 63, Series 65, Series 66

St. Louis, MO

Droms Strauss Wealth Management

Michael Murphy is a financial advisor at Droms Strauss Wealth Management in St. Louis, MO, holding Series 63, 65, and 66 licenses with 17 years of industry experience. He has been with Droms Strauss Wealth Management since 2009 and previously worked at Polaris Capital Advisors, Walnut Street Securities, LPL Financial, and WS Griffith Securities. Droms Strauss Wealth Management provides customized investment management and financial planning services to high-net-worth individuals, trusts and estates, pension plans, charitable organizations, and businesses. The firm employs a disciplined investment process focused on asset allocation and modern portfolio theory, managing approximately $806 million in client assets across various investment vehicles.

General retirement planning Income planning General tax planning Charitable giving & philanthropy Life insurance needs analysis
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