Franklin Mcelroy
Franklin Mcelroy is a registered investment advisor at Kestra Advisory Services, LLC, based in Cornelius, NC, with 33 years of industry experience. Franklin operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management, Retirement Planning. Their firm serves 97,702 clients with $60B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Kestra Advisory Services' (Kestra AS) fees for managing your investments are a percentage of the value of your portfolio, up to a maximum of 2.5% per year. The exact percentage is determined by your advisor based on factors like the size of your account, the type of account (e.g., retirement), the services you receive, and the platform you choose. These fees are negotiable.
Kestra AS offers different advisory platforms with varying program fees that are deducted from the client fee you negotiate with your advisor. These platforms include AdvisorEnterprise, Horizon, and AdvisorChoice. Each platform has different features, costs, and minimum account sizes.
There are also third-party managed solutions available through platforms like Focus Partners Advisor Solutions, Symmetry Partners, SEI and AssetMark.
Location
19109 W. Catawba Avenue, Suite 200, Cornelius, NC, 28031
Get directionsHistory
Regulatory History (9)
Judgment / Lien
October 2025Financial
April 2022Judgment / Lien
July 2021Judgment / Lien
December 2019Judgment / Lien
November 2018Judgment / Lien
October 2016Judgment / Lien
May 2016Judgment / Lien
June 2015Judgment / Lien
February 2015Other Business ActivitiesSells Insurance
Franklin is an agent for multiple insurance companies, including Financial Independence Group, 3Mark Financial, Berkshire Advisor Resources, and The Christensen Agency, spending minimal time on each. He is also a co-owner of BMH Investment Group, LLC, where he dedicates nearly full-time hours, and an Investment Advisor Representative with Kestra Advisory Services, LLC, also dedicating nearly full-time hours. Finally, he is a board member for Beers & Burpees Charity, spending a few hours per week.
Employment History
Current Registrations
Kestra Advisory Services, LLC
Kestra Investment Services, LLC
Kestra Investment Services, LLCBroker
Previous Registrations
NFP Advisor Services, LLC
Ameritas Investment CORP
Ameritas Investment CORP.Broker
Gunnallen Financial, INC
Gunnallen Financial, INCBroker
Birchtree Financial Services, INC.Broker
Robert Thomas Securities, INCBroker
F.N. Wolf & CO., INC.Broker
State Registrations8 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.