Tessa Elrod is a CFP-designated registered investment advisor at Next Step Financial Transitions, based in Cypress, TX, with 14 years of industry experience. Tessa operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Divorce Planning, Education Planning, Estate Planning, Financial Planning & Coaching, and 4 more. Their firm serves 57 clients with $10M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.00% |
| $500K - $1.0M | 0.75% |
| $1.0M - $2.0M | 0.50% |
| $2.0M - $3.0M | 0.30% |
| $3.0M - $5.0M | 0.25% |
| $5M+ | 0.10% |
The annual fees are negotiable.
Fee Estimator
Contact
Tessa Elrod
Location
Cypress, TX
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Tessa owns Next Step Divorce Solutions, LLC, acting as a financial expert to help couples understand their divorce settlements, dedicating about 10-20% of her time. Tessa also owns Elrod 4 Sons LLC, a sole proprietorship designing products for sale on Amazon, dedicating a few hours per week.
Employment History
Current Registrations
Next Step Financial Transitions
Previous Registrations
Investment Advisors
Proequities, INC.Broker
United Capital Financial Advisers
Girard Securities, INC.Broker
State Registrations1 state
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.
Exams
Additional Information
I am Tessa Elrod, co-owner of Next Step Financial Transitions. I fell in love with financial planning from my first semester in the financial planning department at Texas Tech. What I discovered over the tenure of my experience is that my passion truly lies in the impact I am blessed to make in people’s lives. I love witnessing the immediate relief my clients experience when they understand their financial situation and peace of mind that comes with having clear direction. My mission is to bring that emotion to clients of all ages and transitions.