A. DESCRIPTION OF ADVISORY FIRM
Eltekon Advisors, LLC is an investment advisory firm established in 2000. The firm has
five advisors not including one operations and administrative employee. Of the five
advisors, all perform investment advisory functions with Eltekon Advisors, LLC.
Eltekon Advisors, LLC belongs to the parent company, Eltekon Financial, LLC.
Direct Ownership:
Indirect Ownership:
*Mark Mangum directly manages Eltekon Advisors, LLC … serving as the Managing
Principal and Chief Compliance Officer.
B. ADVISORY SERVICES
Eltekon
Financial, LLC
(Parent company)
Eltekon
Advisors, LLC
Mark Mangum*
(Member)
Eltekon Holdings,
LLC (Holding
company)
Eltekon
Financial, LLC
(Parent company)
Eltekon
Advisors, LLC
By indirect ownership, Eltekon
Holdings, LLC owns Eltekon
Advisors, LLC by way of owning
25% or more of Eltekon Financial,
LLC as its parent company:
By indirect ownership, Mark
Mangum* owns Eltekon Advisors,
LLC by way of owning 25% or
more of Eltekon Holdings, LLC as
the holding company of all
Eltekon entities.
By direct ownership, Eltekon
Financial, LLC owns 100% of
Eltekon Advisors, LLC as its parent
company:
Eltekon Advisors, LLC offers services through two general mediums, a) portfolio
management; and b) financial, business and estate planning and consultation services.
PORTFOLIO MANAGEMENT SERVICES
The Eltekon Asset Management Service (“TEAMS”)
Eltekon Advisors, LLC offers portfolio management services through one (1) customized
portfolio construction, discretionary asset management, non-wrap program - The Eltekon
Asset Management Service (“TEAMS”) – for a continual comprehensive fee assessed
quarterly based upon assets in the account in which custodial, transaction and
administrative fees are covered by the client.
Eltekon Advisors, LLC provides ongoing service and/or advice on additional client assets
held outside of Eltekon Advisors, LLC.
This may include but not be limited to:
• Recommending strategies to meet personal and/or corporate goals and objectives
or needs of a specific asset(s) and/or account(s)
• Serving as the agent or advisor on other household accounts
• Providing ongoing service and advice on alternative investments
• Providing ongoing service and advice on asset management projects
Services will be determined upon the needs of the client and may be adjusted as
necessary by the client at the initial and ongoing consultation with the advisor.
Eltekon Career Services (“CareerPro”)
Eltekon Advisors, LLC provides analysis and allocation recommendations of career
related investments that include but may not be limited to:
• Retirement plans
• Stock options
• Evaluation of self-directed retirement accounts.
Service will be determined upon the needs of the client and may be adjusted as necessary
and/or desired by the client at the initial and ongoing consultation with the advisor.
FINANCIAL PLANNING AND CONSULTING SERVICES
Eltekon Financial Planning and Consulting Services
Eltekon Advisors may also from time to time render investment advice through general
financial planning and consulting services. Services may include but not be limited to:
• Retirement Planning: may include but not be limited to analysis of current
holdings, identification of retirement timeline, lifestyle needs, education and
selection of retirement vehicles/products, and asset allocation
• Investment Planning/Asset Allocation: may include, but not be limited to, analysis
of current holdings, identification of existing asset allocation, identify risk
tolerance and personal objectives/earning potential, educate and implement
allocation plan
• Estate Planning: may include but not be limited to client’s assistance in
identification of key professional advisors (i.e. legal, tax, etc…), client’s
assistance in identifying estate members (i.e. trustees, guardians, power of
attorney, etc…), beneficiary designations reviews
• Insurance Planning: may include but not be limited to review of risk management
coverage (i.e., property/casualty, home, auto, general liability, etc.)
• College Planning: may include but not be limited to identification of college
timeline, risk tolerance, school choice, education and selection of college vehicle
accounts
• Analysis and Consultation of Retirement Accounts: individual 401(k), 403(b) or
other retirement accounts as well as provide consultation services to public and
private entities, and charitable organizations
• Risk Analysis: may include but not be limited to analysis and recommendations of
holdings, positional portfolios to assess risk tolerance via risk scores
Services will be determined upon the needs of the client and may be adjusted as
necessary by the client at the initial and ongoing consultation with the advisor.
Eltekon Family Office
Eltekon Advisors, LLC provides an analysis and recommendations on a wide scope for a
family and/or an individual that may include, but not limited to:
• Family Financial Planning
• Cash Flow Analysis (i.e. budgeting)
• Asset Allocation Analysis, Selection and Execution
• Personal Credit Report Review and Evaluation
• Alternative Investments Evaluation and Review (real estate,
business, etc.)
• Existing and Future Earnings Analysis
• Lifestyle Management and Execution
• Wealth Transfer Planning and Advice
Services are ongoing from inception until otherwise notified of client relationship and/or
service termination. Annual reviews and meetings provide for a summary of services and
discussions of current needs.
Eltekon Family Planner and/or Financial Game Plan
Eltekon Advisors, LLC compiles important documents and information provided to and
discussed during consultation with an advisor. A planner and/or financial game plan is
then created for the family and/or individual. This service can help to provide a summary
of information that may be of use in the event of life changes (i.e. relocation, starting a
new job or business, change in marital status, etc.).
This planner may include but not be limited to:
• A summary of current financial condition
• A summary of financial planning categories:
o Cash Management
o Portfolio Management
o Risk Management
o Estate Planning (will and testament, powers of attorney, etc…) inventory
o Retirement Planning
o Alternative Investments
o Business/Career
• Recommended strategies to meet personal goals and objectives
The advisor may provide advice and recommendation strategies as applicable. Annual
reviews of information can provide for ongoing strategy and recommendation and
assistance in keeping the planner up to date.
Services will be determined upon the needs of the client and may be adjusted as
necessary and/or desired by the client at the initial and ongoing consultation with the
advisor.
Eltekon Real Estate Advisory and Finance (“REAF”)
Eltekon Advisors, LLC provides ongoing advice and/or service on real estate assets held
outside Eltekon through its Real Estate Advisory and Finance (“REAF”) division. REAF
services may include but not be limited to:
• Bill Pay
o Mortgage(s)
o Line(s) of Credit
o Taxes
o Associations (Homeowners, Communities, Properties)
• Vendor Management and Communications
o Contractors
o Suppliers
o Labor
• Financial Reporting
o Cash Flow Analysis (balance sheets, budgeting)
o Valuation Tracking
o Appraisals
• Consulting
o Allocation, Selection and Execution
o Improvement and Optimization
o Exits and Execution
• Succession Planning
o Estate and Wealth Transfer Planning
Advisable assets may include but not be limited to:
• Primary Residences
• Secondary/Vacation Residences
• Investment Properties
• Ranch/Farmland Properties
• Non-Listed Outside Real Estate Investments
Advisory and Service Fees:
• Fees may be assessed on a portion of AUM (market value of asset, relevant
banking/custodial accounts), hourly services, singular projects, or any
combination of the three, depending on the asset size, type, and services
required. All fees will be agreed upon between client and advisor prior to services
rendered and fees assessed. Depending on the applicable asset and its required
management services, billing periods will be subject to change.
o AUM Fee:
▪ The Advisory Fee on AUM for the initial period will be paid on a pro
rata basis based on the number of days in the billing period for which
services under this Agreement were provided, in arrears, based on the
billing period ending value of the Client’s managed assets, in
accordance with the fee schedule listed in Schedule B attached to this
Agreement.
o Hourly Fee:
▪ The Advisory Fee on Hourly Services will be paid to reflect the
number of hours spent and rate determined by the services rendered,
on the agreed upon billing period.
o Singular Projects:
• The Advisory Fee on Singular Projects will be paid to reflect the agreed upon
price for services rendered, within 1 month of the completion of the Singular
Project.
Service will be determined upon the needs of the client and may be adjusted as necessary
and/or desired by the client at the initial and ongoing consultation with the advisor.
C. CUSTOMZING ADVISORY SERVICES
Eltekon Advisors, LLC customizes advisory and consulting services to the individual
needs of the client. Each client completes a comprehensive confidential client and risk
profile that provides pertinent financial information, including but not limited to:
• Client’s age
• Other investments
• Current financial situation and needs
• Tax status
• Investment objective
• Time horizon
• Risk tolerance
• Investment experience
• Liquidity needs
Clients are able to impose restrictions on types of investments recommended or executed
in the investment account for portfolio management services. For discretionary accounts,
such request of restriction is required in writing.
Financial planning and consultation services will be determined upon the needs of the
client and may be adjusted as necessary and/or desired by the client at the initial and
ongoing consultation with the advisor.
Eltekon Advisors, LLC seeks to manage accounts at the best execution while meeting the
client’s objectives.
D. WRAP FEE PROGRAMS
Eltekon Advisors, LLC does not participate in or sponsor a wrap fee program.
E. MANAGED ASSETS
As of December 31, 2023, Eltekon Advisors, LLC managed $135,000,000 in client assets
on a discretionary basis and $65,000,000 on a non-discretionary basis.