Patel Wealth Strategies, Inc.

The firm serves individual and high-net-worth clients as well as business entities, providing ongoing asset management, financial planning and consulting to about 45 client relationships with roughly $8.9 million under management and no account minimum. Services include portfolio construction and monitoring, full financial plans and targeted consulting engagements, and access to a mutual-fund-only program through American Funds.

The firm’s investment process is grounded in Modern Portfolio Theory and customized asset allocation, with monitoring and periodic rebalancing, tax-loss harvesting reviews and both long- and short-term strategies available. Although the adviser accepts discretionary authority, the majority of client assets are managed on a non-discretionary basis — the firm prepares trade recommendations but requires prior client approval for each transaction, a practice that is uncommon among peers.

Distinctive features include a single-advisor structure where the sole adviser is a CFP certificant and also maintains a small outside insurance practice (disclosed and representing a modest portion of time) that may result in separate commission-based compensation. The firm does not vote client proxies, requires clients to use its selected custodians, and provides fixed-fee financial planning alongside asset management, reflecting a mix of advisory delivery and ancillary services not always typical for firms of this size.