Elevation Advisory Partners LLC

CRD#312170
Investment Advisor Firm

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Learn more about Elevation Advisory Partners LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Elevation Advisory Partners LLC is a financial advisory firm headquartered in Longwood, Florida. The company manages $104.1 million in assets under management across 657 customer accounts, making it a mid-tier firm in the nation by assets under management (AUM). The firm has a small team, including 2 financial advisors. Elevation Advisory Partners LLC does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are tradable financial investments such as options, bonds and equities.

    Elevation Advisory Partners LLC oversees all of the company's accounts on a discretionary basis. Discretionary management means that transaction judgments are made by an investment advisor without requiring client approval. The company's typical account size is $158,516. The typical financial advisor at Elevation Advisory Partners LLC administers around 329 client accounts.

    The company's headquarters is at 231 W. Bay Avenue, Longwood, Florida 32750. The firm is legally allowed to serve customers throughout a number of states, including Florida, Kansas and Michigan.

    Assets Under Management

    $104.1 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    231 W. Bay Avenue
    Longwood, FL 32750

    Elevation Advisory Partners LLC by the Numbers

    Total Assets Under Management

    $104.1 million

    National Average: $8.6 billion
    Total Number of Employees

    3

    National Average: 64
    Total Number of Accounts

    657

    National Average: 375,227
    Average Account Size

    $158.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Elevation Advisory Partners LLC provides a variety of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and pension consulting services. In the past financial year, it provided 11-25 of its accounts with financial planning services. Elevation Advisory Partners LLC does not sell products or offer services aside from investment advice to its investment advisory customers.

    Core Advisor Services

    • 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.

    • 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.

    • Find a firm that offers this service

      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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    Fee Structure

    Fees charged by financial advisors largely depend on which services are provided. Fee types billed by the company likely are comprised of the following fee structures: asset-based or fixed. Elevation Advisory Partners LLC does not supply a wrap fee program, in which the company offers a bundle of services for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    Elevation Advisory Partners LLC provides services to retail investors. Out of its 657 customers, Elevation Advisory Partners LLC's biggest client type is retail investors. None of the company's accounts are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 100%
    • Corporations - 0%
    • Charitable Organizations - 0%

    * 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

    Elevation Advisory Partners LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Elevation Advisory Partners LLC

    Jeffrey Lynch
    Longwood, FL
    John Harrison
    Leawood, KS
    Brian Truxaw
    Longwood, FL

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