Droms Strauss Wealth Management
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$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
Expertise
Fee options
$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%
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 office501 N Lindbergh Boulevard
St. Louis MO 63141-7844
Advisors at this office
4
Offices (2)
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
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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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.
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