Elefant Advisors LLC (Salt Lake City)

Elefant Advisors LLC is a mid-sized advisory firm based in Salt Lake City. It manages $81.45 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Utah.

Elefant Advisors provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Elefant Advisors: assets under management

The assets under management (AUM) of Elefant Advisors LLC is $81.45 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $81.45 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $81.45 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Elefant Advisors LLC for their services and products based on 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 Elefant Advisors serves?

The only and largest group of clients of Elefant Advisors is pooled investment vehicles with 1 clients and $81.45 million of assets under management. Among the 3 most similar advisory firms, Elefant Advisors has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $81.45 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Elefant Advisors also advises several private funds.

Careers at Elefant Advisors LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 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
Elefant Holdings Llc	Sole owner	1 Feb 2018	75% - 100%	66-0850408
Zelma Desiree Collazo	Chief compliance officer	1 Mar 2018	Other	3161348
Mehra Cactus Raazi	Ceo, president	1 Mar 2018	Other	3102814
Elefant Inc.	Sole owner	1 Jun 2018	75% - 100%	82-5376155

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mehra Cactus Raazi	Member	1 Nov 2015	75% - 100%	3102814
Mehra Cactus Raazi	Class a voting shareholder	1 Jun 2018	25% - 50%	3102814

Based in Salt Lake City

The principal office where Elefant Advisors LLC performs its advisory services is located at 255 North 400 West,, Salt Lake City, UT 84103, 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 833-ELE-FANT. The normal business hours are 9:00 am. - 5:00 p.m. on Monday - Friday.