Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Subscription (Newsletter or Periodical)
- Commissions
Elios Financial Group, Inc. Overview
Elios Financial Group, Inc. is a fee-based registered investment advisory firm that offers financial planning and portfolio management services for individuals and small businesses. With headquarters located in Westlake, OH, this firm has been in business since 2018 and is focused on providing investment advice to its clients. As a broker-dealer representative and insurance broker/agent, Elios Financial Group offers a wide range of financial services, from investment advice to advanced financial planning. With its fee-based structure, clients can feel confident that their interests come first and that the firm is driven by their success, rather than commission-based incentives. Elios Financial Group's expert portfolio management and financial planning services are designed to help clients achieve their financial goals, whether they are saving for retirement, creating a college savings plan, or building wealth for a better future. With its extensive experience in the financial industry, Elios Financial Group is a reliable partner for individuals and small businesses looking to secure their financial future.
Elios Financial Group, Inc. is a renowned financial advisory firm that caters to a diverse range of clients, from individuals to high net worth individuals. The firm is well-equipped to assist clients with their unique financial needs, offering a personalized approach to ensuring their financial stability and success. With a steadfast commitment to delivering incomparable financial solutions, Elios Financial Group, Inc. is the preferred partner for anyone seeking expert financial advice. Moreover, Elios Financial Group, Inc. offers several fee structures that clients can choose from depending on the service they acquire. The firm's fee structures include charging a percentage of assets under management (AUM) for clients who require investment management services. For clients who need financial advice on a particular issue, Elios Financial Group, Inc. provides hourly billing at a reasonable rate. Additionally, clients have the option to subscribe to the firm's newsletters or periodicals for a regular fee. Lastly, the firm charges commissions on certain transactions, meaning compensation is based on the value of the transaction. Elios Financial Group, Inc.'s flexible fee structures ensure clients receive precisely what they need based on their unique requirements.
Typical Clients, Fee Structures & Investment Minimum
According to Elios Financial Group, Inc.'s Part 2 Brochure, the firm itself does not require a minimum account balance. However, the note mentions that Third-Party Advisers may have a minimum account size, but the exact amount is not specified. Therefore, it can be inferred that Elios Financial Group, Inc. does not have an investment minimum, but potential clients should clarify with Third-Party Advisers about their investment requirements.
How This Office Can Help Lorain County, OH Residents
Elios Financial Group, Inc. is a full-service financial firm that assists clients in Lorain County, OH, in achieving their financial goals. The firm offers a range of financial services, including retirement planning, investment management, tax planning, and estate planning, to name a few. These services are tailored to suit the unique needs of each client, ensuring that their financial situation is properly addressed. Lorain County, OH, residents may face a variety of financial challenges, such as planning for retirement, saving for their children's education, or managing debt. Elios Financial Group, Inc. can assist with all of these situations and more. For individuals approaching retirement, the firm can help design a retirement plan that meets their financial needs and lifestyle goals. For families who want to save for their children's education, the firm can provide investment strategies that minimize risk and maximize returns. Elios Financial Group, Inc. is committed to helping its Lorain County clients navigate the complex financial landscape and achieve their long-term financial goals.
Services Offered by Elios Financial Group, 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 Elios Financial Group, 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.
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.
Unavailable
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.
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
- Mon 9 AM–5 PM
- Tue 9 AM–5 PM
- Wed 9 AM–5 PM
- Thu 9 AM–5 PM
- Fri 9 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Elios Financial Group, Inc. is registered to service clients in the following states:
- Ohio
Disciplinary History
Elios Financial Group, Inc. does not have any disclosures. Please visit it's Form ADV for more details.