Elevage Partners, LLC (San Diego)

Name: Elevage Partners, LLC
Address: 8880 Rio San Diego Drive, San Diego, CA, 92108
Telephone: (800) 725-1622

Elevage Partners, LLC is a large advisory firm based in San Diego. It manages $231.69 million of regulatory assets for 1,794 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Connecticut, and 16 other states.

Elevage Partners provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Elevage Partners: assets under management

The assets under management (AUM) of Elevage Partners, LLC is $231.69 million. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $231.56 million in discretionary accounts and $126.8 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $129.15 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $126.8 thousand.

Elevage Partners has custody of $6.4 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 38% of the firm’s portfolio. Investments in pooled investment vehicles form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Elevage Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Elevage Partners serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Elevage Partners is individuals with 293 clients and $122.94 million of assets under management. Among the 12 most similar advisory firms, Elevage Partners has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $231.69 million for 366 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.

Elevage Partners also advises several private funds. Namely, one private equity fund.

Careers at Elevage Partners, LLC

The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 5 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffery Deloy Powell	Cco & president	1 Jan 2011	75% - 100%	1805180
Marlin G. Miser Trustee Of Marlin Miser Family Trust	Member/passive investor	1 Feb 2011	Other	xxx-xx-xxxx
Ronald Powell	Member/passive investor	1 Feb 2011	Other	5981124

Based in San Diego

The principal office where Elevage Partners, LLC performs its advisory services is located at 8880 Rio San Diego Drive, San Diego, CA 92108 The mailing address of the firm is 3379 Solano Ave, Napa, CA 94558. An additional office of the firm is in Longmeadow, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (800) 725-1622 or by fax (888) 720-6964. The normal business hours are 9am -5pm on Other. You can find more information about the New York firm at elevagepartners.com and its LinkedIn profile.