Soltis Investment Advisors, LLC (St. George)

Name: Soltis Investment Advisors, LLC
Address: 20 North Main, St. George, UT, 84770
Telephone: 435-674-1600

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.

Soltis Investment Advisors: assets under management

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 firm manages $1.18 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $950.66 thousand each.

Soltis Investment Advisors has custody of $254.76 million in cash and securities for 144 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in pooled investment vehicles form 7% of the total invested assets.

Fees & Commissions

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. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Soltis Investment Advisors serves?

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.

Careers at Soltis Investment Advisors, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kim Dean Anderson	Member, vice president,retirement plan services	1 Aug 2010	Other	1885428
Inc. Soltis Investment Advisors	Entity	1 Aug 2010	50% - 75%	106134
Tyler Kay Wilkinson	Vice president, wealth management services	1 Aug 2010	Other	2768116
Clark Valantine Taylor	Registered investment advisor	1 Aug 2010	Other	4261299
Tyler Kay Wilkinson	Member, cco and cfo	1 Jul 2013	Other	2768116
Lon Edgar Henderson	Member	1 Jul 2013	Other	1075600
Hal Gary Anderson	Managing member, ceo	1 Jul 2013	Other	2432623
Clark Valantine Taylor	Member, vice president, wealth management services	1 Jul 2013	Other	4261299
Tyler Jon Finlinson	Director, business development	1 Jul 2013	Other	4502449
Brent David Moore	Managing partner, senior advisor	1 Oct 2013	Other	5929200
Kim Dean Anderson	Managing partner, coo, vice president, retirement plan services	1 Jul 2017	Other	1885428
Lon Edgar Henderson	Managing partner, chairman	1 Jul 2017	Other	1075600
Hal Gary Anderson	Partner	1 Jul 2017	Other	2432623

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lon Edgar Henderson	Partner ceo	1 Aug 2010	25% - 50%	1075600
Hal Gary Anderson	Partner, cfo	1 Aug 2010	25% - 50%	2432623

Based in St. George

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.