Wealthmd Corporation (Louisville)

Name: Wealthmd Corporation
Address: 1706 Bardstown Road, Louisville, KY, 40205
Telephone: 502-413-6893, 877-548-0541

Wealthmd Corporation is a large advisory firm based in Louisville. It manages $138.32 million of regulatory assets for 2,221 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Indiana, Kentucky, Louisiana, and Texas.

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

Wealthmd Corporation: assets under management

The assets under management (AUM) of Wealthmd Corporation is $138.32 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 361% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $138.32 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $62.28 thousand each.

Wealthmd Corporation has custody of $579.93 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 71% of the total AUM. The second-largest asset type is other assets, which make up 29% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wealthmd Corporation for their services and products based on a percentage of assets under management. 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 Wealthmd Corporation serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wealthmd Corporation is individuals with 862 clients and $109.27 million of assets under management. Among the 10 most similar advisory firms, Wealthmd Corporation has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $138.32 million for 878 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.

Wealthmd Corporation doesn't advise any private funds.

Careers at Wealthmd Corporation

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Philip Parrish Sallee	Chief investment officer & secretary	1 Jun 2006	75% - 100%	4120662
Nicole Marie Tice	Chief compliance officer & president	1 Jun 2013	Other	6394190
Nicole Tice Haines	Chief compliance officer & president	1 Jun 2013	Other	6394190

Based in Louisville

The principal office where Wealthmd Corporation performs its advisory services is located at 1706 Bardstown Road, Louisville, KY 40205, 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 502-413-6893, 877-548-0541 or by fax 502-410-0468. The normal business hours are 8:30 am - 5 pm on Monday - Friday. You can find more information about the New York firm at wealthmd.net.