Level Four Advisory Services, LLC (Plano)

Name: Level Four Advisory Services, LLC
Address: 5850 Granite Parkway, Plano, TX, 75024
Telephone: 972-665-0878

Level Four Advisory Services, LLC is a large advisory firm based in Plano. It manages $2.25 billion of regulatory assets for 8,278 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 36 other states.

Level Four Advisory Services 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, 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.

Level Four Advisory Services: assets under management

The assets under management (AUM) of Level Four Advisory Services, LLC is $2.25 billion. The firm's AUM has grown by 5371% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.16 billion in discretionary accounts and $96.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $268.93 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $376.82 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Level Four Advisory Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Level Four Advisory Services serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Level Four Advisory Services is individuals with 5,750 clients and $1.1 billion of assets under management. Among the 9 most similar advisory firms, Level Four Advisory Services has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.25 billion for 6,243 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.

Level Four Advisory Services doesn't advise any private funds.

Careers at Level Four Advisory Services, LLC

The company employs 135 people that are either part- or full-time employees. 94 percent of the employees work as investment advisers or researchers. 127 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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
Joseph Wayne Globensky	Elected manager / chief investment officer	1 Jan 2005	Other	2451496
Darryn David Pope	Elected manager / chief training officer	1 Jan 2005	Other	1986321
Edmon Jacob Tomes	Elected manager, president and chief executive officer	1 Jan 2005	Other	3181660
Llc Level Four Group	Member	1 Jan 2005	75% - 100%	52-2307118
Joseph Wayne Globensky	Chief compliance officer	1 Nov 2006	Other	2451496
Gregg Douglas Overstake	Chief compliance officer	1 Aug 2009	Other	1498739
George Brent Morton	Chief operating officer	1 Nov 2014	Other	4522132
Maryam Alyce Houston	Advisory services director	1 Apr 2016	Other	4549902
Gregg Douglas Overstake	Director of supervision	1 Jul 2019	Other	1498739
Jill Marie Zacha	Chief compliance officer	1 Jul 2019	Other	2583663

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Edmon Jacob Tomes	Partner	1 Jul 2000	Other	3181660
Darryn David Pope	Partner	1 Sep 2002	Other	1986321
Joseph Wayne Globensky	Partner	1 Oct 2002	Other	2451496
Brian Joseph Gongwer	Partner	1 Jul 2009	25% - 50%	3230070
Riggs & Ingram Capital L.L.C. Carr	Member	1 Sep 2014	75% - 100%	46-1688198
Riggs & Ingram L.L.C. Carr	Member	1 Sep 2014	75% - 100%	72-1396621
Riggs & Ingram Holdings L.L.C. Carr	Direct owner	1 Sep 2014	75% - 100%	46-1688198

Based in Plano

The principal office where Level Four Advisory Services, LLC performs its advisory services is located at 5850 Granite Parkway, Plano, TX 75024, which is also the mailing address of the firm. An additional office of the firm is in Irvine, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 972-665-0878 or by fax 972-665-0885. The normal business hours are 8:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at levelfouradvisors.com.