Cleveland, Ohio September 4, 2018 —Elios Financial Group, Inc. (EFG) announces it has entered into an agreement with TD Ameritrade Institutional to serve as Custodian, effective immediately. The new relationship was the result of a thorough evaluation and a careful search process for a partner who would support Elios Financials’ growth goals and align with their fiduciary RIA business model.
Elios Financial Group, an independent wealth management firm located in suburban Cleveland specializing in retirement/financial planning and fee-based investment management. Additional services include 529 College Savings accounts, insurance and annuities. For these solutions, a new partnership is being established with Private Client Services (PCS) a full-service broker-deal, member FINRA, SIPC., effective October 2018. Jim Elios, founder of EFG, has been affiliated with current custodian and broker-dealer LPL Financial since 1998. Since then, the firm has grown to manage over $140,000,000 in client assets under management and advisement. The firm recently became registered with the SEC as RIA. Elios Financial serves over 200 households mostly in the Greater Cleveland area as well as Florida and the Carolinas and 10 other states.
“We have enjoyed a successful and rewarding relationship with LPL over the last two decades and value all the friendships we have made over the years. We considered staying with LPL and looked at other leading custodians, Schwab and Fidelity, but felt TD Ameritrade was the best fit. We have found exciting new technology and investment tools available with TD Ameritrade that will benefit our clients at Elios Financial” says Jim Elios, founder and CEO “These new partnerships with TD Ameritrade and PCS have the firm well-positioned to enter the next evolution of our business growth and truly embrace the role of our company as a fiduciary looking after our clients’ best interest.”
“The industry is in a state of transition as clients look for conflict-free advice, retirement planning services, low cost investing, and transparency that true fiduciaries can provide” Elios continued. “With the significant enhancements we’re implementing in technology, compliance and operational efficiencies, we are looking to attract clients who may want to align with an independent fiduciary with the vast resources and strength of a company like TD Ameritrade.”
Ryan Dobroka, Associate Wealth Advisor and Director of Portfolio Management, explains, “Our goal at Elios Financial has always been to provide our clients with an exceptional level of service. Now with new business relationships that are aligned with our objectives, values, and the needs of our clients, we see the potential to enhance the client/advisor relationship even further. The technology and software we have invested in recent years at Elios Financial coupled with TD Ameritrade Institutional’s advanced technology platform enables seamless third-party integrations and efficiencies.”
“TD Ameritrade Institutional welcomes the opportunity to support Elios Financial Group, their clients, and the firm’s continued growth goals,” said Angela Flowers, Vice President of Institutional Sales for TD Ameritrade. “With our integrated technology platform and dedicated service, Elios’ clients and advisors alike will enjoy many new benefits and we are proud to bring them aboard as a new partner firm!”
About Elios Financial Group
Elios Financial Group is a fee-based financial planning and SEC- Registered Investment Advisor (RIA) dedicated to serving the unique needs of pre-retirees and retirees in the evaluation, analysis and implementation of a well-conceived financial, retirement and investment plan using the latest technology and unconstrained in its’ independence and flexibility of investment and financial choices. For more information, please visit EliosFinancial.com
About TD Ameritrade Institutional
TD Ameritrade Institutional is a leading provider of comprehensive brokerage and custody services to more than 6,000 fee-based, independent RIAs and their clients. Offering an advanced technology platform, coupled with personal support from dedicated service teams, allows investment advisors to run their practices more efficiently and effectively while optimizing time with clients. TD Ameritrade Institutional is a division of TD Ameritrade, Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation. Brokerage services provided by TD Ameritrade, Inc., member FINRA/SIPC tdainstitutional.com
About Private Client Services (PCS)
PCS is a full-service broker-dealer founded in 2001, with more than 100 branches across the U.S. and serving hybrid Registered Investment Advisors and dually-registered IARs with personalized level of service. PCS partners with Pershing, LLC, the industry’s largest clearing firm, to clear transactions and custody assets Private Client Services’ home office is located at 2225 Lexington Road, Louisville, KY 40206. Member FINRA/SIPC
For more information or interview requests contact Jim Elios at:
30700 Center Ridge Road | Westlake, OH 44145
Advisory Services Offered Through Elios Financial Group, Inc., a Securities Exchange Commission Registered Investment Advisor (RIA). Securities offered through Private Client Services, Member FINRA/SIPC. Elios Financial Group, Inc. and Private Client Services are unaffiliated entities.