Erik Hofstrom
Erik Hofstrom is a registered investment advisor at Independent Advisor Alliance, LLC, based in Charleston, SC, with 21 years of industry experience. Erik operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 34,127 clients with $14B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
IAA offers asset management services where they manage your investments based on your goals, time horizon, and risk tolerance. The annual advisory fee is a maximum of 2.00% of the market value of your account, including cash holdings. This fee may also include financial planning and consulting services. The advisory fee is negotiable. Fees are billed quarterly in advance.
Location
77 Grove Street, Charleston, SC, 29403
Get directionsHistory
Regulatory History (1)
Criminal
August 1997Other Business ActivitiesSells Insurance
Erik operates Livswell as a DBA for his LPL and RIA businesses, dedicating significant time to these investment-related activities. He also acts as an agent for non-variable insurance through Sage Insurance Partners, spending minimal time on this.
Employment History
Current Registrations
Independent Advisor Alliance, LLC
LPL Financial LLCBroker
Previous Registrations
LPL Financial LLC
AXA Advisors, LLC
AXA Advisors, LLCBroker
State Registrations5 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.