Meld Financial, Inc. (Birmingham)

Name: Meld Financial, Inc.
Address: 3008 Pump House Rd., Birmingham, AL, 35243
Telephone: 205-967-4200

Meld Financial, Inc. is a large advisory firm based in Birmingham. It manages $346.83 million of regulatory assets for 1,255 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 7 other states.

Meld Financial provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and social security and medicare consulting, individual consulting and financial wellness educational programs. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Meld Financial: assets under management

The assets under management (AUM) of Meld Financial, Inc. is $346.83 million. The firm's AUM has grown by 744% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $255.07 million in discretionary accounts and $91.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $321.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $199.04 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Meld Financial, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mark Alan Mcgarvey serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Mark Alan Mcgarvey is high net worth individuals with 118 clients and $197.27 million of assets under management. Among the 8 most similar advisory firms, Meld Financial has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $346.83 million for 554 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Meld Financial doesn't advise any private funds.

Careers at Meld Financial, Inc.

The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Mark Alan Mcgarvey has been acting as President since 1 Apr 1986. William Drake Connor joined the executive team most recently as the Vice President, Planning.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Alan Mcgarvey	President	1 Apr 1986	75% - 100%	853065
Patricia Lynn Burris	Vice president and general manager	1 Jul 1997	Other	2924167
Mark Alan Mcgarvey	Chief compliance officer	1 Oct 2004	75% - 100%	853065
Patricia Lynn Burris	Chief operations officer	1 Sep 2005	Other	2924167
Mark Alan Mcgarvey	Chief compliance officer	1 Sep 2005	75% - 100%	853065
Kyle B Whittington	Partner, vice president, client advisory services	1 Jan 2007	Other	5295189
William Drake Connor	Vice president, planning	1 Jul 2017	Other	5364354

Based in Birmingham

The principal office where Meld Financial, Inc. performs its advisory services is located at 3008 Pump House Rd., Birmingham, AL 35243 The mailing address of the firm is P.O. Box 43626, Birmingham, AL 35243. An additional office of the firm is in Columbus, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 205-967-4200 or by fax 205-967-9724. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at meldfinancial.com.