{
  "crd_number": 108620,
  "slug": "droms-strauss-wealth-management-st-louis-mo-108620",
  "primary_business_name": "DROMS STRAUSS WEALTH MANAGEMENT",
  "legal_name": "DROMS STRAUSS ADVISORS, INC.",
  "dbas": [],
  "city": "St. Louis",
  "state": "MO",
  "country": "United States",
  "cbsa_code": "41180",
  "metro": {
    "cbsa_code": "41180",
    "common_name": "St. Louis",
    "msa_name": "St. Louis, MO-IL",
    "path": "/advisors/mo/st-louis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1998-01-20",
  "years_registered": 28,
  "period": "2026-10-01",
  "filing_date": "2026-03-17",
  "carried_forward": false,
  "raum_total": 806291998.0,
  "raum_discretionary": 789423603.0,
  "raum_non_discretionary": 16868395.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 8,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 8700176.0,
      "count": 3,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 69264446.0,
      "count": 220
    },
    "pension_profit_sharing": {
      "raum": 4868689.0,
      "count": 5
    },
    "high_net_worth_individuals": {
      "raum": 723458687.0,
      "count": 192
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "CA",
    "FL",
    "GA",
    "IL",
    "MD",
    "MO",
    "NC",
    "NY",
    "OH",
    "SC",
    "TX",
    "VA",
    "WA",
    "WI"
  ],
  "websites": [
    "https://droms-strauss.com",
    "https://linkedin.com/company/droms-strauss-advisors"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108620",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    }
  ],
  "city_as_filed": "ST. LOUIS",
  "url": "https://advisorcensus.com/firm/droms-strauss-wealth-management-st-louis-mo-108620",
  "display_name": "Droms Strauss Wealth Management",
  "summary": "Droms Strauss Wealth Management is an SEC-registered investment advisory firm in St. Louis, MO, registered since 1998, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 17, 2026.",
  "citation": "AdvisorCensus. Droms Strauss Wealth Management (CRD 108620): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Droms Strauss Wealth Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Droms Strauss Wealth Management reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "What does Droms Strauss Wealth Management's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 17, 2026 states: Up to $500,000: 1% a year; $500,001 to $1,000,000: 0.9% a year; $1,000,001 to $2,000,000: 0.75% a year; $2,000,001 to $5,000,000: 0.6% a year; $5,000,001 to $10,000,000: 0.4% a year; Above $10,000,001: 0.25% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Droms Strauss Wealth Management located?",
      "a": "Droms Strauss Wealth Management's principal office is in St. Louis, MO, according to its Form ADV."
    },
    {
      "q": "Is Droms Strauss Wealth Management registered with the SEC or a state?",
      "a": "Droms Strauss Wealth Management is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 108620."
    },
    {
      "q": "How much does Droms Strauss Wealth Management manage?",
      "a": "Droms Strauss Wealth Management reports $806,291,998 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (98% discretionary)."
    },
    {
      "q": "How have Droms Strauss Wealth Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Droms Strauss Wealth Management: Regulatory assets under management: $591,242,215 in the October 2021 data and $806,291,998 in the October 2026 data, up 36%. Total employees: 8 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Droms Strauss Wealth Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (220); high net worth individuals (192); pension and profit sharing plans (but not the plan participants or government pension plans) (5)."
    },
    {
      "q": "Which custodians does Droms Strauss Wealth Management use?",
      "a": "Droms Strauss Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Droms Strauss Wealth Management report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/108620"
    },
    {
      "q": "Does Droms Strauss Wealth Management state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 17, 2026 says: \"Our minimum account size requirement is $500,000, although in certain instances this minimum may be waived at our sole discretion.\""
    },
    {
      "q": "What changed in Droms Strauss Wealth Management's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 6 to 5. Regulatory assets under management went from $730,377,719 to $806,291,998 (+10%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 591242215.0,
      "total_employees": 8,
      "filing_date": "2021-09-23"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 686983480.0,
      "total_employees": 9,
      "filing_date": "2022-04-18"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 592630242.0,
      "total_employees": 8,
      "filing_date": "2023-03-16"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 676158376.0,
      "total_employees": 9,
      "filing_date": "2024-09-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 730377719.0,
      "total_employees": 9,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 806291998.0,
      "total_employees": 8,
      "filing_date": "2026-03-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 6 to 5.",
        "Regulatory assets under management went from $730,377,719 to $806,291,998 (+10%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 17, 2026",
    "tiers": [
      {
        "band": "Up to $500,000",
        "rate": "1%"
      },
      {
        "band": "$500,001 to $1,000,000",
        "rate": "0.9%"
      },
      {
        "band": "$1,000,001 to $2,000,000",
        "rate": "0.75%"
      },
      {
        "band": "$2,000,001 to $5,000,000",
        "rate": "0.6%"
      },
      {
        "band": "$5,000,001 to $10,000,000",
        "rate": "0.4%"
      },
      {
        "band": "Above $10,000,001",
        "rate": "0.25%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": "$4,000",
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $500,000: 1% a year",
          "$500,001 to $1,000,000: 0.9% a year",
          "$1,000,001 to $2,000,000: 0.75% a year",
          "$2,000,001 to $5,000,000: 0.6% a year",
          "$5,000,001 to $10,000,000: 0.4% a year",
          "Above $10,000,001: 0.25% a year"
        ],
        "quotes": [
          "Droms Strauss charges most of its clients an annual investment management fee based on the following schedule: Assets under management Annual Fee First $500,000 1.00% From $500,001 to $1,000,000 0.90% From $1,000,001 to $2,000,000 0.75% From $2,000,001 to $5,000,000 0.60% From $5,000,001 to $10,000,000 0.40% Amounts in excess of $10 Million 0.25%"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Our minimum account size requirement is $500,000, although in certain instances this minimum may be waived at our sole discretion."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $4,000"
        ],
        "quotes": [
          "The firm has a minimum annual fee of $4,000, which may be waived or reduced by Droms Strauss in its sole discretion."
        ]
      }
    ],
    "quotes": [
      "Droms Strauss charges most of its clients an annual investment management fee based on the following schedule: Assets under management Annual Fee First $500,000 1.00% From $500,001 to $1,000,000 0.90% From $1,000,001 to $2,000,000 0.75% From $2,000,001 to $5,000,000 0.60% From $5,000,001 to $10,000,000 0.40% Amounts in excess of $10 Million 0.25%",
      "Our minimum account size requirement is $500,000, although in certain instances this minimum may be waived at our sole discretion.",
      "The firm has a minimum annual fee of $4,000, which may be waived or reduced by Droms Strauss in its sole discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/droms-strauss-wealth-management-st-louis-mo-108620.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 220,
      "fewer_than_5": false,
      "raum": 69264446.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 192,
      "fewer_than_5": false,
      "raum": 723458687.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 4868689.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3,
      "fewer_than_5": true,
      "raum": 8700176.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108620",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}