Soltis Investment Advisors, LLC is a large advisory firm based in St. George. It manages $1.18 billion of regulatory assets for 1,238 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Colorado, and 11 other states.
Soltis Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Soltis Investment Advisors, LLC is $1.18 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 26% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Soltis Investment Advisors, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Soltis Investment Advisors is high net worth individuals with 304 clients and $564.92 million of assets under management. Among the 11 most similar advisory firms, Soltis Investment Advisors has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.18 billion for 1,238 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Soltis Investment Advisors also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $10,000 for each fund.
The company employs 26 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 17 employees are registered as investment adviser representatives with the state securities authorities.
There are 7 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Soltis Investment Advisors, LLC performs its advisory services is located at 20 North Main, St. George, UT 84770, 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 435-674-1600 or by fax 435-674-1616. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at soltisadvisors.com and its LinkedIn profile.