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Elevate Capital Advisors
Elevate Capital Advisors was founded in Eagle, Colorado in 2017 by Ken Armstrong and team members who had spent decades in wealth management before...
Elevate Capital Advisors
Elevate Capital Advisors was founded in Eagle, Colorado in 2017 by Ken Armstrong and team members who had spent decades in wealth management before deciding that radical transparency and a fiduciary-only model was the only acceptable structure. The firm is a Registered Investment Advisor, meaning it is legally bound to a fiduciary standard, and states plainly that it sells no proprietary products. Its client base extends across high-net-worth individuals, family offices, corporations, and charities. The firm manages public equities and fixed-income portfolios using a screener that filters the global universe for capital-efficient businesses. It then layers fundamental analysis to determine fair value and uses technical analysis for entry points, with momentum strategies available as a separate sleeve. For qualified clients, the website flags exposure to venture capital, private equity, and crypto, though no specific fund names or portfolio companies are disclosed publicly. The geographic focus is the United States, and the stated investment minimum for traditional portfolio management is $500,000. Elevate reports advising over $200 million in assets as of September 30, 2025. Its five-person team is headquartered in Eagle, Colorado, with no additional offices listed. CEO Ken Armstrong holds the CFP, RICP, ChFC, CLU, CASL, and CLTC designations. CIO Shane Fleury, CFA, and investment adviser Kyle Lottman, CFA, CMT, CPA, round out the investment team. The only media vehicle attributed to the firm is a monthly market commentary and podcast authored by Shane Fleury. The structural differentiator is Elevate’s “Family Index” framework. Instead of measuring performance against the S&P 500 or a generic 60/40 composite, the firm calculates a client-specific required rate of return — the number they genuinely need to meet their goals — and budgets risk relative to that figure. This shifts the entire portfolio construction process from relative-outperformance seeking to a goals-based loss-control mandate, which is unusual at their reported asset scale.
General information
Firm type
Private Equity
Year founded
2017
AUM
$200M (per the firm, September 2025)
Location
Region
North America
Country
United States
City
Eagle
Corporate office
Eagle, CO, United States
Principals
Ken Armstrong
Chief Executive Officer
Shane Fleury
Chief Investment Officer
Kyle Lottman
Investment Adviser
Olivia Boomhower
Operations Manager
Tom Damon
Investment Operations Specialist
Sector focus
Frequently asked questions
Who runs investment decisions at Elevate Capital Advisors?
Chief Investment Officer Shane Fleury, CFA, has the lead on portfolio strategy and authors the firm’s monthly market commentary and podcast. CEO Ken Armstrong and investment adviser Kyle Lottman, CFA, CMT, CPA, round out the team, with Armstrong bringing designation expertise in planning and Lottman adding credentials in technical analysis and accounting.
How does Elevate Capital Advisors construct client portfolios?
The firm starts by calculating a client’s “Family Index” — the minimum rate of return needed to achieve their goals — and budgets risk around that number. Portfolios are built from a screened universe of capital-efficient global stocks, with fundamental analysis used to determine fair price and technical analysis used for entry timing. Risk management relies on trailing stop-losses and position sizing dictated by downside tolerance rather than upside potential.
Is Elevate Capital Advisors a family office or a wealth manager?
Elevate is a Registered Investment Advisor, not a single-family office, though it advises family offices among its clients. It is organized as an SEC-registered fiduciary that provides portfolio management and financial planning to individuals, families, corporations, and charities. The firm does not manage a single family’s consolidated balance sheet as an integrated SFO would.
Does Elevate participate in private equity or venture capital?
The firm’s website lists venture capital, private equity, and crypto among its capabilities, but all publicly described investing centers on a disciplined public-equities process. No specific private fund commitments or direct private company holdings are disclosed. The $500,000 stated minimum applies to traditional portfolio management; it is unclear whether private allocations require a higher qualification.
Where does the firm’s name and location signal about its client base?
Elevate Capital Advisors is headquartered in Eagle, Colorado, a small mountain town in the Vail Valley. The firm leans on its local relationships, noting that its business is built entirely on referrals and that it has been trusted in the community for nearly three decades through the team’s earlier practices. This suggests a concentrated network of entrepreneurs, retirees, and second-home owners in the Rocky Mountain region.
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