Elk River Wealth Management LLC
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Learn more about Elk River Wealth Management LLC
Overview
Elk River Wealth Management LLC operates as a financial advisor firm based in Denver, Colorado. The company oversees $830.8 million in assets across 735 customer accounts, placing it among the larger financial advisory firms in the United States by assets under management (AUM). The firm has a small group, including 10 financial advisors. Elk River Wealth Management LLC does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as options, bonds and equities.
Elk River Wealth Management LLC oversees the majority of its client assets in a discretionary manner. Discretionary management means that an investment advisor has the discretion to make buy and sell decisions for the client's account without needing the client's authorization. The firm also administers two non-discretionary accounts with a total of $14.9 million in AUM. Elk River Wealth Management LLC manages roughly $1.1 million in assets for each account. The typical advisor at Elk River Wealth Management LLC administers around 74 client accounts, making it about average in terms of personalization.
Elk River Wealth Management LLC's central office is at 1125 17Th Street, Denver, Colorado 80202. It is allowed to provide services to customers across 7 states, including Arizona, California, Colorado, Kansas, Louisiana, Nebraska and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Elk River Wealth Management LLC by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$830.8 million
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
14
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
735
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$1.1 million
Products and Services
Elk River Wealth Management LLC offers a variety of services, which can include financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior financial year, it provided 51-100 of its customers with financial planning services. It does sell products or offer services apart from investment advice to its customers.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advice depend on which services the firm provides the client. However, fees billed by the company likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Elk River Wealth Management LLC.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm does business with a number of different investors. It provides services to retail investors, high net worth investors, charitable organizations, insurance companies and corporations. Out of its 735 clients, Elk River Wealth Management LLC's largest client type by number of accounts is retail investors, though it also manages money for 119 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's customers are from outside of the U.S.
- High-Net-Worth Individuals* - 38.64%
- Other Individuals - 51.62%
- Corporations - 5.52%
- Charitable Organizations - 4.22%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Elk River Wealth Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Elk River Wealth Management LLC
Denver, CO
Denver, CO
Denver, CO
Denver, CO
Denver, CO
Denver, CO
Denver, CO
Denver, CO
Denver, CO
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