Level Four Advisory Services
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Learn more about Level Four Advisory Services
Level Four Advisory Services operates as an advisory company headquartered in Dallas, Texas. The company administers $3.7 billion in assets across 10,918 client accounts, placing it among the biggest investment advisory firms in the United States by assets under management (AUM). Level Four Advisory Services has a large group, including 109 financial advisors. Level Four Advisory Services does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal investments like stocks, bonds and options.
Level Four Advisory Services manages the majority of the company's client assets in a discretionary manner. Discretionary management is a structure in which buy and sell choices for the client's account are made by a portfolio manager without needing client permission. Level Four Advisory Services also manages 2,213 non-discretionary accounts totaling $722.6 million in assets. The company's average account size is $341,011. The average advisor at Level Four Advisory Services manages around 100 client accounts.
Level Four Advisory Services's central office is located at 12400 Coit Road, Dallas, Texas 75251. The company is permitted to provide services to customers throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Level Four Advisory Services by the Numbers
Products and Services
Level Four Advisory Services offers a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the last fiscal year, the company provided 101-250 of its accounts with financial planning services. The firm does not sell products or offer services other than investment advice to its investment advisory clients. The company also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, accountant or accounting firm and insurance company or agency.
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
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.
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.
Offered by 6% of firms
This is the hosting of seminars or workshops to educate investors on financial concepts.
A financial advisor's fees largely depend on which services the firm provides the client. Fee types charged by the firm may include any combination of the following fee structures: asset-based, hourly, fixed or other. The company participates in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Offered by 69% of firms
Percentage of AssetsShow 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 21% of firms
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.
Offered by 32% of firms
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.
Offered by 10% of firms
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Find one of the 1% of firms that offer this fee type
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
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
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.
Types of Clients
The firm manages money for a broad range of customers. Level Four Advisory Services works with retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 10,918 clients, Level Four Advisory Services's biggest client is retail investors, but it also caters to 567 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 8.76%
- Other Individuals - 85.51%
- Corporations - 5.39%
- Charitable Organizations - 0.34%
* 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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Level Four Advisory Services does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Level Four Advisory Services
Little Rock, AR
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