# Droms Strauss Wealth Management

> 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.

- CRD: 108620
- Filed as: DROMS STRAUSS WEALTH MANAGEMENT
- Legal name: Droms Strauss Advisors, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Louis, MO
- Filing period: October 2026
- Form ADV filing dated: March 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/108620
- AdvisorCensus page: https://advisorcensus.com/firm/droms-strauss-wealth-management-st-louis-mo-108620

## Quick answers

**How is Droms Strauss Wealth Management compensated?**
On its Form ADV (Item 5.E, October 2026), Droms Strauss Wealth Management reports these compensation arrangements: a percentage of assets under its management.

**How much does Droms Strauss Wealth Management charge?**
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.

**Where is Droms Strauss Wealth Management located?**
Droms Strauss Wealth Management's principal office is in St. Louis, MO, according to its Form ADV.

**Is Droms Strauss Wealth Management registered with the SEC or a state?**
Droms Strauss Wealth Management is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 108620.

**How much does Droms Strauss Wealth Management manage?**
Droms Strauss Wealth Management reports $806,291,998 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (98% discretionary).

**How have Droms Strauss Wealth Management's assets and staff changed since 2021?**
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.

**What types of clients does Droms Strauss Wealth Management serve?**
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).

**Which custodians does Droms Strauss Wealth Management use?**
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.

**Does Droms Strauss Wealth Management report any disciplinary disclosures?**
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

**Does Droms Strauss Wealth Management state an account minimum?**
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."

**What changed in Droms Strauss Wealth Management's recent Form ADV filings?**
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%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 17, 2026)

- 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

> 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%

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> Our minimum account size requirement is $500,000, although in certain instances this minimum may be waived at our sole discretion.

- Minimum annual fee: $4,000

> The firm has a minimum annual fee of $4,000, which may be waived or reduced by Droms Strauss in its sole discretion.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $806,291,998
- Discretionary: $789,423,603
- Non-discretionary: $16,868,395

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 220 | $69,264,446 |
| High net worth individuals | 192 | $723,458,687 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $4,868,689 |
| Charitable organizations | 3 | $8,700,176 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 1998 (28 years)
- Employees: 8 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, GA, IL, MD, MO, NC, NY, OH, SC, TX, VA, WA, WI
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/108620

### Websites listed on Form ADV (Item 1.I)
- droms-strauss.com
- LinkedIn @droms-strauss-advisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $591,242,215 | 8 | September 23, 2021 |
| October 2022 | $686,983,480 | 9 | April 18, 2022 |
| October 2023 | $592,630,242 | 8 | March 16, 2023 |
| October 2024 | $676,158,376 | 9 | September 19, 2024 |
| October 2025 | $730,377,719 | 9 | March 26, 2025 |
| October 2026 | $806,291,998 | 8 | March 17, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 6 to 5.
- Regulatory assets under management went from $730,377,719 to $806,291,998 (+10%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Droms Strauss Wealth Management (CRD 108620): Form ADV filing data as of October 2026.