Ewg Elevate Inc. (Roseville)

Name: Ewg Elevate Inc.
Address: 1075 Creekside Ridge Drive, Roseville, CA, 95678
Telephone: 916-367-4540

Ewg Elevate Inc. is a large advisory firm based in Roseville. It manages $270 million of regulatory assets for 700 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California and Texas.

Ewg Elevate provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ewg Elevate: assets under management

The assets under management (AUM) of Ewg Elevate Inc. is $270 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $270 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $385.71 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ewg Elevate Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Ewg Elevate serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Ewg Elevate is high net worth individuals with 148 clients and $179.74 million of assets under management. Among the 6 most similar advisory firms, Ewg Elevate has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $270 million for 359 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.

Ewg Elevate doesn't advise any private funds.

Careers at Ewg Elevate Inc.

The company employs 14 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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
Richard Lee Watson	President and chief compliance officer	1 Jul 2018	50% - 75%	2173329
Michael Jude Clarke	Vice president	1 Jul 2018	25% - 50%	2423988
Stephen Michael Holmes	Chief compliance officer	1 Jul 2018	Other	2443807

Based in Roseville

The principal office where Ewg Elevate Inc. performs its advisory services is located at 1075 Creekside Ridge Drive, Roseville, CA 95678, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 916-367-4540 or by fax 916-774-6246. The normal business hours are 8:30am- 4:30pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/generic-advisory-firm/.