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.
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 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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.
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.
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.