Overview
Who we are
Strait & Sound Wealth Management LLC dba Strait & Sound (referred to as “we,” “our,” or “us”), was
formed in March 2020 has been registered as an investment advisor with the SEC since June 2020. Strait
& Sound is owned by Todd Sixt, Chief Executive Officer, through Hamilton Advisors LLC, Mel Lee,
Chief Compliance Officer, through Hamilton Advisors LLC, Daniel Barnes, Chief Investment Officer
through Uncommon Counsel, LLC, and Cory Baer, Chief Business Development Officer through Three
Baer's Holding LLC.
Investment Management Services
We offer wealth management on a discretionary and non-discretionary basis. Most services are on a
discretionary basis. However, due to the complex nature of many clients’ lives, we inherently consider
non-discretionary assets in crafting, guiding and creating strategies for management and planning.
We often conduct discovery process in the beginning of a client relationship. We document their profiles
and preferences so that we may align their expectations with our strategies and planning to achieve their
financial and life goals.
Clients may impose reasonable restrictions on investments in certain securities or types of securities. Any
investment restrictions will be confirmed in writing with the client.
We do not provide portfolio management services to a wrap fee program.
Investment Consulting Services
Investment Management derives its
mandate from the discovery of client information. It is this
information which includes the values, goals, relationships, assets, experiences, and interests which
informs the investment policy statement and investment action plan of the Investment Management at
Strait & Sound. The scope of this includes financial planning, retirement planning, financial analysis of
assets and liabilities, portfolio design, goals assessment, cash flow analysis, historical assessments,
charitable planning strategies, tax optimization strategies, asset protection strategies, and review of other
aspects relevant to the investment decision making process which stewards of wealth need to make good
decisions.
Most clients agree to an investment management agreement whereby they pay a percentage of their assets
under management to our firm quarterly. Upon occasion and as an exception to our standard business
practice we maintain the discretion to accept clients on an hourly consulting basis.
The scope of the hourly work we perform for such clients can be wide ranging. In essence, we are
providing the appropriate due diligence and discovery necessary to advise and guide and make
recommendations and provide investment strategy and guidance, similar to our investment management
clients.
Assets under management
As of February 27, 2024, we manage assets of $241.9 million on a discretionary basis and $6.4 million on
a non-discretionary basis.