Melia Wealth Advisory Group LLC (Tulsa)

Name: Melia Wealth Advisory Group LLC
Address: 5424 S. Memorial Drive, Tulsa, OK, 74145
Telephone: 918-794-9290

Melia Wealth Advisory Group LLC is a large advisory firm based in Tulsa. It manages $153.22 million of regulatory assets for 1,115 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Oklahoma and Texas.

Melia Wealth Advisory Group provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Melia Wealth Advisory Group: assets under management

The assets under management (AUM) of Melia Wealth Advisory Group LLC is $153.22 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 52% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $153.22 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $137.42 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Melia Wealth Advisory Group LLC for their services and products based on a percentage of assets under management 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 Greg Scott Melia serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Greg Scott Melia is individuals with 816 clients and $111.87 million of assets under management. Among the 9 most similar advisory firms, Melia Wealth Advisory Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $153.22 million for 840 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.

Melia Wealth Advisory Group doesn't advise any private funds.

Careers at Melia Wealth Advisory Group LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Greg Scott Melia	President/cco	1 Aug 2007	75% - 100%	2717159

Based in Tulsa

The principal office where Melia Wealth Advisory Group LLC performs its advisory services is located at 5424 S. Memorial Drive, Tulsa, OK 74145, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 918-794-9290 or by fax 866-414-0136. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at meliaadvisorygroup.com.