Elevated Capital Advisors, LLC (Sandy)


Elevated Capital Advisors, LLC is a large advisory firm based in Sandy. It manages $153.8 million of regulatory assets for 574 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, Idaho, Oklahoma, Texas, and Washington.

Elevated Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 600 clients. On top of advisory services, the firm doesn't engage in other business activities.

Elevated Capital Advisors: assets under management

The assets under management (AUM) of Elevated Capital Advisors, LLC is $153.8 million. The firm's AUM has grown by 53% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $149.84 million in discretionary accounts and $3.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $270.96 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $188.44 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is investment and business development companies, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Elevated Capital Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Elevated Capital Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Elevated Capital Advisors is individuals with 536 clients and $129.38 million of assets under management. Among the 10 most similar advisory firms, Elevated Capital Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $153.8 million for 553 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Elevated Capital Advisors doesn't advise any private funds.

Careers at Elevated Capital Advisors, LLC

The company employs 14 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Global Plains Advisory Group Member 1 Jan 2003 50% - 75% 26-1301278
Llc Spl Financial Member 1 Jun 2012 50% - 75% 20-0775656
Dba Elevated Retirement Group Llc Spl Financial Llc Good standing 1 Jun 2012 50% - 75% 20-0775656
Scott Michael Dougan Managing member 1 Jan 2017 Other 6291686
Elton David Wilcox Chief compliance officer 1 Oct 2017 Other 5067416
Brian Paul Hermann Chief operations officer 1 Jan 2018 Other 6514139

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Scott Michael Dougan President, managing member 1 Jan 2003 75% - 100% 6291686
Sean Patrick Lee President & founder, managing member 1 May 2015 75% - 100% 4529904

Based in Sandy

The principal office where Elevated Capital Advisors, LLC performs its advisory services is located at 9350 S. 150 E., Sandy, UT 84070, which is also the mailing address of the firm. An additional office of the firm is in Salt Lake City, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-639-0095 or by fax 801-266-2056. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at elevateyourplanning.com.