Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Elevate Wealth Advisory, Inc. Overview
ELEVATE WEALTH ADVISORY, INC. is a registered investment advisory firm that has been in business since 2013 and is headquartered in Athens, GA. The firm works on a fee-only basis, meaning they receive compensation solely from their clients and do not receive commissions from products sold. This allows for an unbiased approach when it comes to investment advice and portfolio management. As an investment advice-focused firm, ELEVATE WEALTH ADVISORY, INC. offers a range of services including financial planning, portfolio management for individuals and small businesses, and pension consulting services. They also offer educational seminars and workshops to help clients better understand their investments and make informed decisions about their financial futures. Working with ELEVATE WEALTH ADVISORY, INC. provides clients with access to highly experienced financial advisors who can offer personalized advice and guidance on a variety of investment-related topics. Whether you are just starting to invest or looking to diversify your portfolio, the team at ELEVATE WEALTH ADVISORY, INC. can help you achieve your financial goals.
Elevate Wealth Advisory, Inc. caters to a diverse range of clients that includes individuals, high net worth individuals, pension or profit sharing plans, and charitable organizations. The firm offers tailored solutions that are unique to each client, ensuring that their investment objectives and financial goals are met. With a keen understanding of the varying needs of their clients, Elevate Wealth Advisory, Inc. provides expert advice that is both practical and efficient. Elevate Wealth Advisory, Inc. provides a range of fee structures that are designed to cater to the unique needs of their clients. Depending on the service provided, clients can opt for a percentage of assets under management (AUM) fee, hourly fee, or fixed fees. The percentage of AUM fee structure is based on the total value of assets managed by the firm. Hourly fees, on the other hand, are charged for specific services provided, such as financial planning, tax preparation, and portfolio review. The fixed fee structure is ideal for clients who require a specific set of services over a particular period of time. These fee structures are flexible and ensure clients receive the best value for their investment needs.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for ELEVATE WEALTH ADVISORY, INC. is $250,000, as stated in their Part 2 Brochure note about investment minimums. The note explains that this minimum portfolio size is a requirement for starting and maintaining an advisory relationship with the firm. Therefore, clients who wish to work with ELEVATE WEALTH ADVISORY, INC. must have at least $250,000 to invest.
How This Office Can Help Greene County, GA Residents
Elevate Wealth Advisory is committed to providing comprehensive financial planning services to individuals and families living in Greene County, GA. The company understands that no two financial situations are the same, so they tailor their services and strategies to meet the specific needs of each client. Elevate Wealth Advisory helps clients in Greene County plan for their future, whether it is saving for retirement, creating a college fund, or purchasing a home. The company provides exceptional guidance and support to help clients achieve their financial goals. Greene County, GA, is home to many farmers and small business owners who face unique financial challenges. Elevate Wealth Advisory understands the difficulties these individuals face and provides expert advice on how to effectively manage their finances. The company helps farmers plan for their future by creating a diversified portfolio of investments that can withstand market fluctuations. Elevate Wealth Advisory also assists small business owners by helping them navigate the complex world of business finance, including employee benefits, tax planning, and asset protection. With Elevate Wealth Advisory's expertise, clients in Greene County can confidently make financial decisions that will benefit their long-term financial success.
Services Offered by Elevate Wealth Advisory, Inc.
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Elevate Wealth Advisory, Inc. most 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 offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Elevate Wealth Advisory, Inc. is registered to service clients in the following states:
- Florida
- Georgia
- Louisiana
- North Carolina
- South Carolina
- Tennessee
- Texas
Disciplinary History
Elevate Wealth Advisory, Inc. does not have any disclosures. Please visit it's Form ADV for more details.