Xcel Wealth Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$481,272,206
Clients
323
Advisors
3
of 4 employees
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
Expertise
Fee options
$0 - $2,000,000: 1.50% $2,000,001+: 0.75%
Main office
101 2nd Street, Suite 402
Holly Hill FL 32117
Advisors at this office
3
Most active in
Florida · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
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:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
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.
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.
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.
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