Specialized Advisors, LLC (Dallas)

Specialized Advisors, LLC is a multi-state adviser based in Dallas. It manages $3.09 million of regulatory assets for 33 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, California, Colorado, and 29 other states.

Specialized Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Specialized Advisors: assets under management

The assets under management (AUM) of Specialized Advisors, LLC is $3.09 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.09 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $93.72 thousand each.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Specialized Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Michael Allen Young serves?

The only and largest group of clients of Michael Allen Young is individuals with 33 clients and $3.09 million of assets under management. Among the 2 most similar advisory firms, Specialized Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $3.09 million for 33 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.

Specialized Advisors doesn't advise any private funds.

Careers at Specialized Advisors, LLC

The company employs 23 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 21 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.

Michael Allen Young has been acting as President since 1 Oct 2018. Llc Financial Institution Group joined the executive team most recently as the Active.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Phillips & Wyler Llc Spark	Member	1 Aug 2018	50% - 75%	xxx-xx-xxxx
Jeffrey James Groves	Ceo	1 Oct 2018	Other	2252184
Michael Allen Young	President	1 Oct 2018	Other	2408324

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Phillips & Wyler Llc Spark	Active	1 Jul 2003	50% - 75%	xxx-xx-xxxx
Michael Allen Young	Member	1 Jul 2003	50% - 75%	2408324
Jeffrey James Groves	Member	1 Aug 2017	50% - 75%	2252184
Llc Financial Institution Group	Active	1 Oct 2018	25% - 50%	83-2216604
Lisa Kim Estrada	Member	1 Oct 2018	25% - 50%	4572064

Based in Dallas

The principal office where Specialized Advisors, LLC performs its advisory services is located at 5956 Sherry Lane, Dallas, TX 75225 The mailing address of the firm is P.O. Box 25523, Dallas, TX 75225. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-674-7758. The normal business hours are by appointment on Other.