Xcel Wealth Management, LLC

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Client assets under management

$481,272,206

Clients

323

24% high-net-worth

Advisors

of 4 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

108

Very High

Average account size

$1,490,007

About

Xcel Wealth Management serves individual and high‑net‑worth clients, providing discretionary and non‑discretionary portfolio management, asset allocation, and financial planning across equities, fixed income, mutual funds, ETFs and cash management. The firm also executes option strategies and may recommend alternative vehicles such as leveraged index funds, closed‑end funds, hedge funds and private placements when appropriate.

The adviser’s process emphasizes an initial risk assessment and tailored asset allocation, combining fundamental, quantitative, technical and cyclical analysis to guide security selection and portfolio construction. Investment approaches include value and bond investing, duration and yield management for fixed income, and income‑oriented option strategies (including covered writing and Asset Secured Options programs) intended to complement core allocations.

Noteworthy aspects include that the firm’s management personnel are licensed life and annuity insurance agents and can earn commissions from insurance product sales, a relationship the brochure identifies as a potential conflict of interest and discloses to clients. The firm custodians assets with Charles Schwab and receives various institutional services and economic benefits from that relationship, allows standing letters of authorization under specified safeguards, and reports it will not vote client proxies.

Client services

Portfolio management

Expertise

Active portfolio management Options & derivatives strategies Tax-loss harvesting

Fee options

Percentage

$0 - $2,000,000: 1.50% $2,000,001+: 0.75%

Main office location

Xcel Wealth Management, LLC

101 2 Nd Street, Suite 402

Holly Hill FL 32117, United States

Number of offices

Most active in

Florida · Texas

Disclosures

Business activities & affiliations

Is active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Is not active or affiliated with:

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Facebook Website 386-872-3440

Advisors at this firm

Jonathan X

Series 63

Holly Hill, FL

Xcel Wealth Management, LLC

Jonathan Xynidis is a financial advisor with Xcel Wealth Management, LLC in Holly Hill, FL, holding a Series 63 license and 25 years of industry experience. He has been with Xcel Wealth Management since 2011 and previously worked at Purshe Kaplan Sterling from 2011 to 2019. Outside of his advisory role, he manages a commercial property through Holly Hill Market LLC. Xcel Wealth Management primarily serves individual clients, including high-net-worth individuals, offering discretionary portfolio management and comprehensive wealth-management services. The firm uses a combination of fundamental, quantitative, technical, and cyclical analysis to build diversified portfolios tailored to client goals, risk tolerance, and time horizons.

Active portfolio management Options & derivatives strategies Tax-loss harvesting

Chay S

Series 65

Holly Hill, FL

Xcel Wealth Management, LLC

Chay Stewart is a financial advisor at Xcel Wealth Management, LLC with six years of industry experience. He holds a Series 65 designation and previously worked at AE Wealth Management, LLC for five years. In addition to his advisory role, Stewart owns Stewart Planning Group, Inc, where he is involved in insurance sales and services. Xcel Wealth Management serves individual clients, including high-net-worth individuals, providing discretionary portfolio management and comprehensive wealth-management services. The firm’s investment approach integrates multiple analytical methods to build diversified portfolios tailored to clients’ goals, risk tolerance, and income needs.

Active portfolio management Options & derivatives strategies Tax-loss harvesting

Randall B

Series 63, Series 66

Holly Hill, FL

Xcel Wealth Management, LLC

Randall Beardsley II is a financial advisor at Xcel Wealth Management, LLC with 32 years of industry experience. He holds Series 63 and Series 66 licenses and has worked at firms including Purshe Kaplan Sterling Investments and SunTrust Advisory Services. In addition to his advisory role, he is an independent insurance agent. Xcel Wealth Management primarily serves individual and high-net-worth clients, offering discretionary portfolio management and comprehensive wealth-management services. The firm uses a combination of fundamental, quantitative, technical, and cyclical analysis to build diversified portfolios tailored to client goals and risk tolerance.

Active portfolio management Options & derivatives strategies Tax-loss harvesting

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