Investor Alert: Ellasinvest Asset Management — Red Flags Investors Should Know

FraudLighthouse Full Report

What they claim to be: Ellasinvest (ellasinvest.com) markets itself online as an AI-driven quantitative investment firm, promoting a proprietary trading system it calls "Ellas Alpha 6.0." Promotional content — including a first-person "skeptical bank executive converted" testimonial — has circulated through paid PR-newswire services (e.g., PinionNewswire, syndicated to Digital Journal), not independent financial journalism.

What the public filing actually shows: According to Articles of Incorporation filed with the Colorado Secretary of State, "

Asset Management Foundation" is registered as a nonprofit corporation under C.R.S. § 7-122-101/102 — not a for-profit investment firm, LLC, or registered investment adviser entity.

This is a critical mismatch:

• Nonprofit corporations are legally structured for exempt purposes, not for managing investor capital in exchange for investment returns.

• The filing's dissolution clause states that upon dissolution, assets must go to exempt purposes or government entities — completely incompatible with a business model promising investors profit from AI-driven trading.

• Setting up as a nonprofit is a low-cost, low-scrutiny filing route compared to registering as an investment adviser, which requires SEC or state Division of Securities registration, disclosure filings (Form ADV), and ongoing compliance oversight.

Address and structure:

• Principal office listed: 1200 17th St, Suite 1108, Denver, CO 80202 — inside One Tabor Center, a building where WeWork operates five floors of shared/flex office space. This is not inherently suspicious on its own, but it means the address does not confirm a dedicated physical operation.

• Incorporator: Paul Robert Howard Jr., listed at the same Suite 1108 address.

• Registered agent: Colorado Registered Agents Inc. (a standard third-party commercial registered-agent service, at 1500 N Grant St, Denver).

What we could not confirm (and are flagging as open questions, not conclusions):

• We found no public record connecting Paul Robert Howard Jr. to a FINRA or SEC enforcement action, and no confirmed listing (or absence) in the SEC's Investment Adviser Public Disclosure (IAPD) database — that lookup requires a live, direct search at adviserinfo.sec.gov and could not be completed via automated means.

• We have not identified individual victim reports tied specifically to Ellasinvest at the time of this writing.

Bottom line for prospective investors: Before sending any funds to Ellasinvest or any entity marketed similarly:

1. Search adviserinfo.sec.gov directly for "Ellasinvest" — if no result appears, they are not a registered investment adviser.

2. Ask the firm directly for their CRD number and registration status, and verify it independently.

3. Treat "AI quantitative trading" language combined with PR-newswire "testimonials" as a promotional pattern common in unregistered investment schemes — not proof of fraud by itself, but a reason for extra diligence.

4. Note that a nonprofit corporate structure is not a lawful vehicle for managing investor funds for profit; if a company operating this way is soliciting investment, ask why.

This report reflects publicly available filings and search results as of July 2026. It is intended to inform, not to allege criminal conduct. If you believe you have information relevant to this entity, or have had a direct interaction with Ellasinvest, please contact FraudLighthouse.