Elevation Wealth Management

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Client assets under management

$259,218,573

Clients

179

52% high-net worth

Advisors

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

Typical

Average account size

$1,448,148

About

Elevation Wealth Management advises individuals, high‑net‑worth households, charitable organizations, and employer-sponsored retirement plans, offering discretionary investment management, financial planning (hourly, project, and ongoing), and employee benefit plan consulting under both ERISA 3(21) and 3(38) arrangements. The firm reports roughly $259 million in discretionary assets under management across about 179 client accounts and also assists clients with implemented outside managers and held‑away account services.

The firm primarily practices passive investment management based on modern portfolio theory, using index mutual funds and ETFs for low‑cost, tax‑efficient asset allocation, while also employing fundamental and technical analysis and recommending unaffiliated outside managers for certain mandates. Elevation Wealth serves as the ongoing relationship manager and oversees third‑party managers, and it uses a major custody and platform provider that supplies trading, reporting, and practice‑management support.

Noteworthy distinctions disclosed in the brochure include a material insurance affiliation: several advisors are licensed insurance producers and the firm acknowledges that some advisor compensation may include insurance or annuity commissions, a potential conflict it discloses and seeks to manage. The firm also discloses a family‑linked private investment funded in part by loans from clients and states it will not provide advice on that specific deal; additionally, the adviser team includes multiple CFP certificants and manages a relatively large AUM for a three‑advisor firm founded in 2021.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers

Expertise

General estate planning guidance Charitable giving & philanthropy General retirement planning Cash flow / budgeting

Fee options

Fixed

Project-based financial planning fees ranging from $500 to $5,000

Percentage

$0 - $250,000: 1.50% $250,001 - $500,000: 1.25% $500,001 - $1,000,000: 1.00% $1,000,001 - $3,000,000: 0.85% $3,000,001 - $5,000,000: 0.75% $5,000,001+: 0.65%

Project-based

$250 per hour for financial planning services

Subscriptions

Ongoing financial planning services charged an annual fee ranging from $5,000 to $15,000, billed quarterly in advance

Other

Fee-only: Financial planning services charged hourly at $250/hour; project-based fees range from $500 to $5,000; ongoing financial planning fees range from $5,000 to $15,000 annually

Main office location

Elevation Wealth Management

Eden Prairie MN, United States

Number of offices

Most active in

Massachusetts · Minnesota · Nebraska · Texas

Disclosures

Business activities & affiliations

Is active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Is not active or affiliated with:

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Facebook Website 952-905-3042

Advisors at this firm

Darin B

CFP®, Series 66

Eden Prairie, MN

Elevation Wealth Management

Darin Beckering is a CFP® with 22 years of industry experience, currently serving as an advisor at Elevation Wealth Management. His career includes roles at Halo Investing Insurance Services, Wingman Strategic Partners, Crest Risk Management, and TD Ameritrade. He is also a board member of Avail Academy, a nonprofit organization. Elevation Wealth Management provides investment management and financial planning to individuals, charitable organizations, pension and profit-sharing plans, and businesses. The firm employs a passive investment approach based on Modern Portfolio Theory, supplemented by fundamental and technical analysis, and offers discretionary portfolio management along with employee benefit plan consulting.

General estate planning guidance Charitable giving & philanthropy General retirement planning Cash flow / budgeting

Derek B

Series 65, Series 66

Eden Prairie, MN

Elevation Wealth Management

Derek Beiningen is a financial advisor at Elevation Wealth Management with 16 years of industry experience. He holds Series 65 and Series 66 credentials and previously worked for TD Ameritrade Inc. He is also a member of the Mound Fire Department. Elevation Wealth Management provides investment management and financial planning services to individuals, charitable organizations, pension and profit-sharing plans, and businesses. The firm primarily employs a passive investment approach based on Modern Portfolio Theory, using low-cost index funds and ETFs while incorporating fundamental and technical analysis as needed.

General estate planning guidance Charitable giving & philanthropy General retirement planning Cash flow / budgeting

Walid E

CFP®, Series 63, Series 66

Eden Prairie, MN

Elevation Wealth Management

Walid Elkhoury is a CFP®-certified financial advisor with 10 years of industry experience. He is currently with Elevation Wealth Management and has prior experience at Charles Schwab, TD Ameritrade, and Merrill. Outside of finance, he serves as President and Vice President of Abington Auto Sales Inc. and Abington Gas Inc. Elevation Wealth Management provides investment management and financial planning services to individuals, charitable organizations, pension and profit-sharing plans, and businesses. The firm primarily employs a passive investment approach based on Modern Portfolio Theory, supplemented by fundamental and technical analysis, and offers specialized ERISA plan services.

General estate planning guidance Charitable giving & philanthropy General retirement planning Cash flow / budgeting

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