Xcel Wealth Management, LLC (Holly Hill)

Name: Xcel Wealth Management, LLC
Address: 101 2 Nd Street, Holly Hill, FL, 32117
Telephone: 386-872-3440

Xcel Wealth Management, LLC is a large advisory firm based in Holly Hill. It manages $119.96 million of regulatory assets for 298 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Florida.

Xcel Wealth Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Xcel Wealth Management: assets under management

The assets under management (AUM) of Xcel Wealth Management, LLC is $119.96 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $119.96 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $402.55 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is investment and business development companies, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Xcel Wealth Management, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Xcel Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Xcel Wealth Management is high net worth individuals with 16 clients and $85.19 million of assets under management. Among the 9 most similar advisory firms, Xcel Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $119.96 million for 164 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.

Xcel Wealth Management doesn't advise any private funds.

Careers at Xcel Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan Scott Xynidis	Managing member & chief compliance officer	1 Aug 2011	75% - 100%	4174055

Based in Holly Hill

The principal office where Xcel Wealth Management, LLC performs its advisory services is located at 101 2 Nd Street, Holly Hill, FL 32117, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 386-872-3440 or by fax 386-872-3442. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at xcelwealth.com.