Level Financial Advisors, Inc. (Amherst)

Name: Level Financial Advisors, Inc.
Address: 1412 Sweet Home Road, Amherst, NY, 14228
Telephone: 716-634-6113

Level Financial Advisors, Inc. is a large advisory firm based in Amherst. It manages $404.14 million of regulatory assets for 1,657 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Colorado, Florida, and 12 other states.

Level Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, 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.

Level Financial Advisors: assets under management

The assets under management (AUM) of Level Financial Advisors, Inc. is $404.14 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 55% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $404.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $243.9 thousand each.

Level Financial Advisors has custody of $404.14 million in cash and securities for 615 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is exchange traded securities, which make up 1% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Level Financial Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. Subscribers pay a regular fee for the advisory firm’s newsletter or periodical. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Rosanne Marie Braxton serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Rosanne Marie Braxton is high net worth individuals with 153 clients and $283.73 million of assets under management. Among the 10 most similar advisory firms, Level Financial Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $404.14 million for 646 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.

Level Financial Advisors doesn't advise any private funds.

Careers at Level Financial Advisors, Inc.

The company employs 14 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 2 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.

Rosanne Marie Braxton has been acting as President since 1 Jul 2008. Steven Mark Elwell has served as the Chief Investment Officer since 1 Jan 2019. Michael Clark Heburn joined the executive team most recently as the Chief Operating Officer/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Karl Schroeder	Executive vice president	1 Jan 2001	25% - 50%	4373693
Rosanne Marie Braxton	President	1 Jul 2008	50% - 75%	4373612
Steven Mark Elwell	Vice president	1 Jan 2012	25% - 50%	6041661
Michael Clark Heburn	Chief operating officer/chief compliance officer	1 Mar 2015	Other	6466072
Steven Mark Elwell	Chief investment officer	1 Jan 2019	25% - 50%	6041661

Based in Amherst

The principal office where Level Financial Advisors, Inc. performs its advisory services is located at 1412 Sweet Home Road, Amherst, NY 14228, which is also the mailing address of the firm. An additional office of the firm is in Wellsville, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 716-634-6113 or by fax 716-810-9445. The normal business hours are 8:30a.m.- 5p.m. on Monday - Friday. You can find more information about the New York firm at levelfa.com.