Maxele Advisors provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 51–100 clients last fiscal year.
Maxele Advisors reports 234 clients. They include 161 individual clients and 73 high-net-worth individuals. Of its assets, 100.0% ($202M across 624 accounts) are managed with discretion. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 69% | 19% |
| High-net-worth individuals | 31% | 80% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 161 | $38.8M | 19.3% | $241K |
| High-net-worth individuals | 73 | $160M | 79.6% | $2.2M |
| Pension and profit-sharing plans | Fewer than 5 | $1.12M | 0.6% | — |
| Charitable organizations | Fewer than 5 | $1.27M | 0.6% | — |
| Total | 234 | $202M | 100% | — |
- Clients
- 161
- Regulatory AUM
- $38.8M
- AUM share
- 19.3%
- Avg. per client
- $241K
- Clients
- 73
- Regulatory AUM
- $160M
- AUM share
- 79.6%
- Avg. per client
- $2.2M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.12M
- AUM share
- 0.6%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.27M
- AUM share
- 0.6%
- Avg. per client
- —
Total
- Clients
- 234
- Regulatory AUM
- $202M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Maxele Advisors is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Financial planning is charged hourly at $150 to $250 by adviser experience, or as a fixed fee; ongoing planning is a retainer of $500 to $2,500 a year, charged quarterly.
Stephen Erken owns 75% or more of Maxele Advisors. The leadership team of Maxele Advisors includes Chief Compliance Officer Stephen Erken. It has 4 employees, 2 of them in advisory roles.
Leadership
Stephen ErkenManaging Member / Chief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Maxele Advisors, LLC
Stephen Erken
Control person · since February 2013
Maxele Advisors’ regulatory assets grew 1.7× from $121M (July 2021) to $202M (September 2026); clients fell from 247 to 234 and employees rose from 2 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $202M | 234 | 4 | 1 |
| March 2025 | $165M | 210 | 2 | 1 |
| March 2024 | $154M | 196 | 2 | 1 |
| March 2023 | $123M | 217 | 2 | 1 |
| July 2022 | $131M | 217 | 2 | 1 |
| July 2021 | $121M | 247 | 2 | 1 |
Besides its headquarters, Maxele Advisors has 0 offices, with 1 listed address in Missouri.
Missouri · 1 listed address
- 20 Allen Avenue, Suite 330, Webster GrovesHQ
Contact and registration details
- Legal name
- Maxele Advisors, LLC
- Headquarters
- 20 Allen Avenue, Suite 330, Webster Groves, MO 63119
- Website
- maxeleadvisors.com
- Phone
- 314-961-1850
- SEC file
- 801-121992
- Structure
- Missouri LLC
- Fiscal year end
- December
Maxele Advisors uses Fidelity ($123M) as custodian for its separately managed accounts. Maxele Advisors does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Boston, MA · $123M100%
At year end, Maxele Advisors’ separately managed accounts were mostly in funds (63%) and stocks (18%). Its reported 13F holdings for the quarter ended 30 June 2026 total $143M across 98 positions; the largest are First TR Exchange-traded FD (6.8%), iShares TR (4.9%) and Nvidia Corporation (4.8%).
What the accounts hold
- Stocks18%
- Funds63%
- Cash17%
- Other2%
- Variable annuity2%
Reported 13F holdings
- $143M
- Reported 13F value
- 98
- Positions
- 40.0%
- In the 10 largest
- —
- Value vs. prior quarter
- First TR Exchange-traded FD6.8%
- iShares TR · iShares Semicdtr4.9%
- Nvidia Corporation4.8%
- Vanguard Index Fds · S&P 500 ETF Shs4.1%
- Fidelity Covington Trust · MSCI Info Tech I3.9%
- Vanguard Index Fds · Value ETF3.8%
- Select Sector SPDR TR · ST Str Indl ETF3.6%
- iShares TR · Core S&P500 ETF3.1%
- Select Sector SPDR TR · ST Str Finl ETF2.5%
- Select Sector SPDR TR · ST Str Care ETF2.5%
Together, the ten largest are 40.0% of reported value.
How many clients does Maxele Advisors have?
Maxele Advisors has 234 clients and manages $202 million for them, as of September 2026. They include 161 individual clients and 73 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 8 September 2026
What services does Maxele Advisors offer?
Maxele Advisors provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Maxele Advisors use?
Maxele Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Boston, MA), with $123M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 8 September 2026
How many financial advisors does Maxele Advisors have?
Maxele Advisors has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Maxele Advisors invest in?
At the end of its last fiscal year, Maxele Advisors’ separately managed accounts held 63% registered funds (mutual funds, ETFs, BDCs), 18% exchange-traded equities, 17% cash and equivalents and 2% other. The 2% other category is described as: Variable Annuity.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Maxele Advisors?
Maxele Advisors’ direct owner is Stephen Erken (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 8 September 2026
How does Maxele Advisors get paid?
Maxele Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Maxele Advisors?
Maxele Advisors’ main office is at 20 Allen Avenue, Suite 330, Webster Groves, MO 63119. Its phone number is 314-961-1850. Its website is maxeleadvisors.com.