Meritage Financial Solutions, LLC (Crozet)

Name: Meritage Financial Solutions, LLC
Address: 5281 Mount Juliet Farm, Crozet, VA, 22932
Telephone: 434-906-9300

Meritage Financial Solutions, LLC is a multi-state adviser based in Crozet. It manages $4.3 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alaska, Arizona, California, and 12 other states.

Meritage Financial Solutions provides portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Meritage Financial Solutions: assets under management

The assets under management (AUM) of Meritage Financial Solutions, LLC is $4.3 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.3 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.15 million each.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Meritage Financial Solutions, LLC 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.

Careers at Meritage Financial Solutions, LLC

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.

Sheldon Reynolds Barker has been acting as President since 1 May 2011. Steven F. Mccann & Alita R. Mccann Living Trust joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan Scott Alcaro	Member/chief compliance officer	1 May 2011	25% - 50%	831508
Sheldon Reynolds Barker	President	1 May 2011	25% - 50%	2134282
Steven F. Mccann & Alita R. Mccann Living Trust	Member	1 Mar 2014	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Alita Ruth Mccann	Trustee	1 Mar 2014	50% - 75%	6492803
Steven Francis Mccann	Trustee	1 Mar 2014	50% - 75%	6492809

Based in Crozet

The principal office where Meritage Financial Solutions, LLC performs its advisory services is located at 5281 Mount Juliet Farm, Crozet, VA 22932, 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 434-906-9300 or by fax 804-201-9492. The normal business hours are 9am -4:30pm on Monday - Friday. You can find more information about the New York firm at meritagefinancialsolutions.com.