A. FIRM DESCRIPTION
Elevation Advisory Partners, LLC (“Elevation” or the “Firm”) is a Florida Limited Liability
Company that was founded in 2020. Elevation is an investment advisory firm registered with the
United States Securities and Exchange Commission (“SEC”). The Firm’s Corporate Office is
based in Orlando, Florida and its Regional Office is located in Leawood, KS.
Direct ownership of Elevation Advisory Partners LLC is Montham Holdings LLC, and HCM
Holding, Inc. Indirect ownership of Elevation Advisory Partners LLC is owned in equal parts by
Edith C. Lynch and John W. Harrison III.
B. TYPES OF ADVISORY SERVICES
PORTFOLIO MANAGEMENT SERVICES
We provide discretionary portfolio management services to our clients, based on the specific needs
and objectives of such persons and the suitability of products and services. Elevation shall be
granted full discretion and authority to manage the client’s account. Accordingly, we are
authorized to perform various functions without further approval from the client, such as the
determination of securities to be purchased or to be sold without permission from the client prior
to each transaction. We do not act as a custodian of client assets, and the client always maintains
control of their assets.
Prior to engaging us to provide any of the aforementioned investment advisory services, we require
a written investment management agreement (“IMA”) signed by the client prior to the engagement
of services. The IMA outlines the services and fees the clients will incur pursuant to the IMA with
Elevation.
Upon signing the IMA, we will gather the client’s financial information and work with them to
identify their risk tolerance, which will help us identify, quantify, and understand our client’s
unique risk tolerance. The information gathered in the risk tolerance questionnaire will be used to
develop the client’s investment policy statement (“IPS”). The IPS outlines the client’s investment
philosophy, identifies the appropriate investments and portfolio construction, and specifies any
restrictions or prohibitions expressed by the client for their portfolio and / or assets. The IPS is not
a contract; it is the foundational framework which will guide us in exercising discretion over the
client’s accounts.
Elevation’s portfolio management services include, but are not limited to, the following:
• Investment Strategy
• Asset Allocation
• Regular Portfolio Monitoring
• Personal Investment Policy
• Security Selection
As noted, Elevation’s asset management services are designed to offer portfolio construction and
ongoing management of accounts with defined investment strategies to meet the client’s personal
investment goals and objectives. We evaluate the current investments of each client with respect
to risk tolerance levels and time horizon. Risk tolerance levels may be documented in the IPS.
Elevation is responsible for providing ongoing re-balancing and continuous monitoring of our
clients’ securities holdings.
PENSION CONSULTING SERVICES
We offer pension consulting services to employee benefit plans and their fiduciaries based upon
the needs of the plan and the services requested by the plan sponsor or named fiduciary. In general,
these services may include an existing plan review and analysis, plan-level advice regarding fund
selection and investment options, education services to plan participants, investment performance
monitoring, and/or ongoing consulting. These pension consulting services will generally be non-
discretionary and advisory in nature. The ultimate decision to act on behalf of the plan shall remain
with the plan sponsor or other named fiduciary.
We may also assist with participant enrollment meetings and provide investment-related
educational seminars to plan participants on such topics as:
• Diversification
• Asset allocation
• Risk tolerance
• Time horizon
Our educational seminars may include other investment-related topics specific to the particular
plan. We may also provide additional types of pension consulting services to plans on an
individually negotiated basis. All services, whether discussed above or customized for the plan
based upon requirements from the plan fiduciaries (which may include additional plan-level or
participant-level services) shall be detailed in a written agreement and be consistent with the
parameters set forth in the plan documents.
Either party to the pension consulting agreement may terminate the agreement upon written notice
to the other party in accordance with the terms of the agreement for services. The pension
consulting fees will be prorated for the quarter in which the termination notice is given, and any
unearned fees will be refunded to the client.
FINANCIAL PLANNING SERVICES
We provide our clients with an in-depth analysis of their current financial situation, as well as
detailed recommendations relating to the client’s financial goals. These services are provided on a
non-discretionary basis. Financial planning services do not involve the active management of
client accounts, but instead focus on a client’s overall financial situation. Financial planning can
be described as helping individual to determine and set their long-term financial goals through
investments, tax planning, asset allocation, risk management, retirement planning, and other areas.
The role of the financial planner is to find ways to help the client understand their overall financial
situation and help the client set financial objectives.
Our financial planning service may include the following:
• Detailed Net Worth Statement
• Current Asset Allocation Analysis
• Asset Allocation Recommendation
• Investment Policy Statement
• Detailed Retirement Plan
• Monte Carlo Probability Analysis
• Detailed Emergency Fund Plan
• Detailed Disability Needs Plan
•
Summary Long-Term Care Plan
• Summary Insurance Audit Report
An inherent conflict exists between the interests of Elevation and the interests of the client. The
client is under no obligation to act upon Elevation’s recommendations. Should the client elect to
act on any recommendation made by Elevation, the client is under no obligation to affect the
transaction through the Firm.
CONSULTING SERVICES
We provide miscellaneous consulting services, which covers a broad range of services not related
to other services as outlined in this Brochure. Examples of miscellaneous consulting services may
include researching costs basis, conducting market research, advising on the purchase or sale of a
business, etc.
SELECTION OF THIRD-PARTY MONEY MANAGERS
Elevation utilizes the services of various third-party managers for the management of certain client
accounts. Investment advice and trading of securities will only be offered by or through the chosen
third party manager. Prior to utilizing a third-party money manager, the Firm will provide initial
due diligence on the money managers and ongoing reviews of their management of client accounts.
In order to select a third-party manager, Elevation will gather client information pertaining to
financial situation, investment objectives, and reasonable restrictions to be imposed upon the
management of the account.
Elevation will review third party money manager reports provided to the client at least annually.
The Firm will contact clients from time to time in order to review their financial situation and
objectives; communicate information to third party money managers as warranted; and assist the
client in understanding and evaluating the services provided by the third-party money manager.
Clients will be expected to notify the Firm of any changes to their financial situation, investment
objectives, or account restrictions that could affect their financial standing.
Some of the third-party money managers selected may participate in or sponsor a wrap fee program.
In these cases, you will receive a copy of the third-party money manager’s Form ADV, Part 2,
Appendix 1.
SEMINARS AND EDUCATION EVENTS
Elevation believes all investors should be encouraged to increase their knowledge, as education is
a key component in empowering clients to avoid behavioral mistakes that hinder a successful
investing experience. The Firm seeks opportunities to teach principles that will enhance each
client’s accumulation, protection, and enjoyment of wealth.
In addition to one-on-one discussions with individual clients, Elevation may also conduct wealth
educational events and outings (such as seminars and workshops) on various financial topics for
clients and the general public. Participants can increase their knowledge during these educational
events and have the opportunity to ask specific questions by interacting with financial
professionals and experts who will instruct such events.
Sample wealth education topics (whether addressed individually or in seminars and workshops)
might include, but are not limited to:
• Financial Plans
• Estate Planning
• Succession Planning
• Financial Risk
• Asset Allocation Models
• Modern Portfolio Theory
• Investment Strategies
• Real Estate and Real Estate Investing
• Insurance (all types)
• Medicare or Social Security Enrollment and Administration
• Navigating the Affordable Care Act (“Obamacare”) and other healthcare topics
• Tax Planning and Filing
• Financial Negotiation Skills
C. TAILORED RELATIONSHIPS
Elevation offers the same suite of services to all of its clients. When applicable, this service may
include retirement planning, investment planning, planning of major purchases, education
planning, distribution planning, income and survivor income planning, net worth analysis and
other needs such as disability, long-term care, estate planning and coordination of funding, etc.
When applicable, specific client financial plans and their implementation are dependent upon each
client’s current situation (income, tax levels, and risk tolerance levels). Recommendation
developed by your investment adviser representative are based upon his or her professional
judgement. The Firm cannot guarantee the results of any of the recommendations made.
Clients may impose restrictions in investing in certain securities or types of securities in
accordance with their values or beliefs. However, if the restrictions prevent EAP from properly
servicing the client account, or if the restrictions would require EAP to deviate from its standard
suite of services, the Firm reserves the right to end the relationship.
D. WRAP FEE PROGRAMS
Elevation does not participate in and is not a sponsor of wrap fee programs. However, certain
third-party money managers utilized by Elevation may participate in or sponsor wrap fee programs.
In such cases, the third-party money manager will provide the client with a copy of the third-party
money managers wrap fee brochure (Form ADV Part 2, Appendix 1).
Wrap Fee Programs are arrangements between broker-dealers, investment advisers, banks and
other financial institutions, and affiliated and unaffiliated investment advisers through which the
clients of such firms receive discretionary investment advisory, execution, clearing and custodial
services in a “bundled” form. In exchange for these “bundled” services, the clients pay an all-
inclusive (or “wrap”) fee determined as a percentage of the assets held in the wrap account.
E. ASSETS UNDER MANAGEMENT
When calculating regulatory assets under management, an investment adviser must include the
value of any advisory account over which it exercises continuous and regular advisory or
management services. As of March 5, 2024, Elevation reports $171,778,567.00 in client assets on
a discretionary basis and $0.00 on a non-discretionary basis.