Avada theme missing text edit options on new install

Greetings,
I recently installed avada on a subdomain and I am missing the options to change text color, bold, underline, etc. It’s like the whole row is missing. Is some setting not on in avada or at a wordpress level?

Example:

What I want:

Hi

Please contact theme Author Avada Author Support and let them know. Theme Author will be happy to assist you.

Thanks