- 21 May 2022
- Bonds
- Precious Metals
- Comments: 0
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Kirk Elliot PHD is another overarching name for Sovereign Advisors. This is the company's URL, named after the founder and his PhD status. The company is a financial advisory and wealth management firm with a focus on precious metals. The advisors have a strong level of expertise, setting this apart from basic precious metals dealers.
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About Sovereign Advisors
Sovereign Advisors, otherwise known as Kirk Elliot PhD Private Advisors, functions as a consulting agency that helps with wealth management. Like all wealth management companies, their goal is to diversify your assets and create a plan for long term stability and growth.
According to the website, the company's main priorities are people above profit. This goes for both an employee and client basis. The company tries to honor employees and create the best work environment for them, so they're encouraged to stay. They also try to make the best choices for their clients' wellbeing, even if that means sacrificing short term profit.
One important note is that the company does not function in every state in the US. They only serve a small number:
Most of the states they serve are in the Deep South. If you're not in this region, then you won't be able to use the wealth advisory services. You'll be better off looking for a precious metals dealer that simply ships gold and silver to all 50 states.
What the Company Does
According to the company website, the team of advisors aims to help you increase your financial influence and strategy by using strategic tools. These processes implement your creative ideas and goals so that you can grow your wealth while living the exact life you've always dreamed of.
The company states that they will help with the following:
The focus on precious metals is somewhat unusual. But the company states that they want to create strategies that allow your portfolio to grow while remaining secure. Every client is given a customized management plan, since every client comes from different circumstances.
The Process
The first step in the process is education. In order to create a plan that works for you, the company needs to know more about you. They need to know your goals and dreams. Then they can help create a specific plan to grow your wealth for generations, ensuring that your family will never be without.
While creating the plan, the advisors will use current economic trends as helpful guides. Instead of trying to fight the tide of the economy, they will analyze the global economy and make the best choices for the moment.
The next step is about empowerment. You should be confident that you're making the right decisions for your future. You should feel like you know how to act. According to the company, bad investments don't actually exist. But badly timed investments do. Since there's a time for everything, the advisors try to gauge when that time for you will be.
The advisors promise that they will pass on their analysis of the economy and any other knowledge they have. This will make it easier for you to make prudent decisions.
There are a huge number of different strategies that can be implemented, depending on your goals. Things like your life stage, family future, debt, or long-term goals can all complicate the picture. The advisors want to take all of that into account when creating your ideal plan.
Some of the options that might feature in your plan include:
The company's key focus is on integrating precious metals into a regular portfolio to add a more dynamic layer of diversity.
After the plan is created and implemented, the team will continue to work with you. They will keep you abreast of analysis of various economic events. They will help you with the management of your wealth, and they will prepare the next generation to inherit the legacy you've created.
According to the company, their ultimate goal is to create partnerships that will turn into legacies lasting for generations.
Is Kirk Elliot PHD a Scam?
Kirk Elliot PHD is not a scam. This is a legitimate group of advisors that was founded by Kirk Elliot. There's no question that he has a PhD and other incredible economic qualifications. Everyone who gives financial advice at the company is certified and has a background in economics.
There are a few potential drawbacks, though. One is that it's difficult to find reviews from past customers online. There aren't any reviews or complaints with the BBB, though the company does have an A+ rating. The only place to find reviews is on the Sovereign Advisors Facebook page.
The Facebook page does contain several testimonials. People say that the company prioritizes people over profits. However, many of these individuals also mention that they have known the owner of the company for years. So their reviews should be taken with a grain of salt.
It seems like most people reviewing the company have a long professional and personal history with the owner. That makes sense -- many people turn to those they already trust for wealth advice. But it doesn't necessarily tell us much about how strangers feel about the quality of the services provided.
Pros & Cons of Kirk Elliot PHD
Pros
Cons
Final Thoughts
Kirk Elliot PHD is the founder and head advisor of Sovereign Advisors. He has studied economics extensively and has decades of experience in the finance industry. His wealth advisory group focuses chiefly on helping people diversify into precious metals to protect their assets.
This is a slightly unusual perspective for a wealth advisory group. Most focus on more than one area of diversification. But Kirk Elliot has decided to specialize due to his specific knowledge of the economy.
There are very few online reviews from past customers. On the company Facebook page, feedback has been largely positive, but almost all of it comes from old friends and colleagues. This makes it hard to evaluate the objectivity. We don't know whether strangers are as satisfied with the company's services.
Overall, the company seems pretty solid. But there's just not enough information about them for us to wholeheartedly recommend them. The website explains that they're a wealth advisory firm that focuses on precious metals, but doesn't go into much detail beyond that. Detail is important!
In addition, this company does not appear to sell precious metals. They may be able to use their connections to buy you precious metals at lower prices than the mainstream. But that's not a guarantee. If you're looking for a precious metals dealer to do a simple transaction with, then this is not the ideal company for you.
Although we do think that Kirk Elliot PHD is a decent company, we believe that there are better companies out there to make your investment with.
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