boerum hill financial advisors

What boerum hill financial advisors does

Boerum Hill Financial Advisors is a fee-only, fiduciary Registered Investment Adviser based in Brooklyn, New York, serving individuals and families nationally. The firm delivers an integrated set of wealth management services spanning financial planning, retirement planning, investment management, and tax and estate planning, positioning itself as a single point of accountability for household-level financial decision-making rather than a product-pushing brokerage alternative.

The practice operates through a small-team delivery model — Jonathan Elks is the named financial advisor — supported by a curated vendor stack rather than proprietary technology. Custody is held at Charles Schwab, portfolio construction draws on Dimensional Fund Advisors' evidence-based investment philosophy, and Asset-Map is used for client-facing household and financial-plan visualization. The firm filed its Form CRS on March 21, 2024, consistent with SEC-registered investment adviser disclosure obligations.

Revenue mechanics follow the standard fee-only RIA model: the firm charges advisory fees on client assets under management, with compensation aligned to client outcomes rather than product commissions. No institutional, corporate, or retirement-plan clients are disclosed; the customer base is exclusively retail households, served remotely across multiple states beyond the Brooklyn home market. There are no disclosed pricing tiers, account minimums, or staff count.

Name

boerum hill financial advisors

Legal name

Boerum Hill Financial Advisors LLC

Website

https://boerumhillfa.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Boerum Hill Financial Advisors is a fee-only, fiduciary Registered Investment Adviser based in Brooklyn, NY, serving individuals and families nationally with integrated financial planning, retirement, investment management, and tax and estate planning services.

Ownership category

akta.pro rank

Product category

Financial Advisory Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Financial Planning–Led RIAs (FSAAACAB)

akta.pro secondary industries

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA), Fee-Only Advisory (FSAEAAAL), Investment Management Advisory (RIA) (FSAEAAAB)

Keywords

• Financial planning services
• Investment management
• Retirement planning
• Wealth advisory
• Estate planning

Headquarters

HQ city

Brooklyn

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Revenue model

1. Investment Advisory Fees: Fee-only registered investment advisor providing investment advisory services. The firm renders individualized responses to persons in a particular state only after complying with all regulatory requirements, or pursuant to an applicable state exemption or exclusion.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Boerum Hill Financial Advisors is a fee-only fiduciary Registered Investment Advisor (RIA) that delivers personalized financial planning, retirement planning, investment management, and tax and estate planning services to individuals and families in the Brooklyn, NY area and beyond.

Product overview

Boerum Hill Financial Advisors offers a suite of integrated financial advisory services organized around four core offerings: Comprehensive Financial Planning, Sustainable Retirement Planning, Strategic Investment Management, and Proactive Tax & Estate Planning. The firm uses Asset-Map visualization tools to consolidate client financial data and employs a collaborative planning approach that brings together retirement planning, investment guidance, and tax-aware strategies in one unified approach. Investment management provides access to institutional fund managers including Dimensional Fund Advisors.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Planning Comprehensive financial planning service for individuals and families covering budgeting, cash flow, goal setting, and overall financial strategy.

Segments1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature1 record

Partnerships

Three partnerships are on record, tiered supporting and core.

• Dimensional Fund AdvisorssupportingTechnology or IntegrationClients gain access to institutional fund managers, including Dimensional Fund Advisors, available through a select group of fee-only advisors. The firm utilizes Dimensional's investment products as part of its strategic investment management approach.
• Asset-MapcoreTechnology or IntegrationUses Asset-Map visualization tool to bring income, assets, debts, and goals into one clear picture for comprehensive financial planning.
• Charles SchwabsupportingTechnology or IntegrationProvides client account access through Schwab platform for portfolio management and custodial services.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Facet Wealth: Fee-only, planning-first RIA serving mass-affluent and HNW clients nationwide with a remote, technology-enabled delivery model — directly comparable to Boerum Hill's financial-planning-led, fee-only positioning.
• Carson Group: Partnership-based RIA platform serving independent fee-only advisors — comparable in business model (fiduciary, fee-only advisory) and target clientele, but with significantly larger scale and support infrastructure.
• XY Planning Network: Network of fee-only financial planners targeting Gen X and younger mass-affluent clients with subscription-style planning fees — directly comparable service model and target segment to Boerum Hill.
• Personal Capital (Empower Personal Dashboard): Hybrid digital-plus-advisor wealth management firm combining planning, retirement, and investment management for mass-affluent and HNW clients — directly competes for the same planning-led client profile.
• Moneta Group: Independent fee-only RIA providing comprehensive financial planning, investment management, and tax/estate services to HNW families — closely comparable integrated service stack and fiduciary model.

Broad incumbents

• Creative Planning: Large national fee-only RIA offering the same planning, investment, and retirement services as Boerum Hill, but at significantly greater scale and breadth — competes for the same mass-affluent and HNW households.
• Edelman Financial Engines: National fee-only wealth management and planning firm with broad service offerings and strong brand — a scaled incumbent that competes for the same planning-led, fee-only client relationships.
• Schwab Intelligent Portfolios: Charles Schwab's automated investment advisory product offering low-cost portfolio management — competes for entry-level mass-affluent clients who might otherwise engage a fee-only RIA like Boerum Hill.

Emerging players

• Betterment: Digital-first investment advisory platform offering low-cost portfolio management and increasingly financial planning — competes with Boerum Hill for entry-mass-affluent clients who may opt for a lower-fee, self-serve alternative.
• Wealthsimple: Digital wealth and financial planning platform combining robo-advisor managed portfolios with access to human advisors — an emerging digital competitor for Boerum Hill's planning-led, mass-affluent target.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

• Xx.com/BoerumHillFA
• Facebookfacebook.com/Boerum-Hill-Financial-Advisors-LLC-472909423079681
• LinkedInlinkedin.com/company/boerum-hill-financial-advisors-llc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about boerum hill financial advisors