Level Four Advisory Services

Investment decisions sit with individual affiliated advisors, not a central investment committee. Level Four provides approved model portfolios, third-party manager access, and platform due diligence, but the ultimate allocation and security selection for each client account rests with the advisor serving that client. CEO John Williams and President Phil Hickman oversee the platform and corporate strategy, not day-to-day portfolio management.

Level Four operates as a hybrid independent advisor platform that includes both a broker-dealer and a corporate registered investment advisor (RIA). Affiliated advisors can conduct commission-based business through the broker-dealer and fee-based advisory business through the RIA. The firm is not a family office and does not manage a single-family balance sheet.

Neither in the traditional sense. Level Four does not operate a fund-of-funds or make direct private equity or venture capital commitments as a firm. Client access to alternatives typically comes through third-party managed products such as interval funds, non-traded REITs, and structured notes that are vetted by the platform and then distributed by advisors.

Level Four does not engage in co-investments as a platform. Because the firm is not deploying proprietary capital or managing a pooled investment vehicle, it has no co-investment program. Advisors who source private deals for their clients do so outside the Level Four platform, typically through independent sponsor relationships or custodian-approved alternative custody structures.

Level Four does not source proprietary deal flow in the venture capital, private equity, or direct lending sense. The platform's investment team curates and conducts due diligence on a menu of third-party asset managers, model portfolios, and insurance solutions that advisors can use, but these are open-architecture products available to any advisor with similar custodial relationships.

As a platform rather than a fund, Level Four does not have a firm-level sector exclusion policy. However, its due diligence process tends to screen out illiquid, non-traded products with capital-call structures that are difficult for its mass-affluent client base to fund, effectively limiting advisor access to hedge funds and drawdown-style private equity. The platform also does not support direct crypto custody or spot crypto products.

Level Four does not maintain a separate philanthropic foundation, charity, or donor-advised fund program at the firm level. Individual advisors may manage charitable giving strategies for their clients using donor-advised funds from custodians like Fidelity Charitable or Schwab Charitable, but these accounts sit outside Level Four's corporate structure.