- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Meridian Wealth Advisors, LLC Overview
Meridian Wealth Advisors, LLC is a fee-only registered investment advisory firm that specializes in offering investment advice to both individuals and small businesses. The firm was established in 2016 and has its headquarters located in Austin, Texas. Despite being a relatively new firm, the team at Meridian Wealth Advisors has already established a reputation for providing sound financial advice and portfolio management services to their clients. The firm's fee arrangement is fee-only, meaning that they do not receive any commissions or compensation from third parties for recommending investment products to their clients. This ensures that there is no conflict of interest and that their clients' best interests always come first. Meridian Wealth Advisors offers a range of services including financial planning, portfolio management, and pension consulting services. Their services are designed to help clients achieve their financial goals by providing comprehensive financial advice and investment management services. In addition to their core services, the firm also assists clients in selecting other advisors that may be better suited to their unique investment needs. This approach sets them apart from other investment advisory firms and demonstrates their commitment to providing customized solutions to each of their clients.
MERIDIAN WEALTH ADVISORS, LLC serves a diverse group of clients in the financial industry. The firm caters to individuals looking to secure their financial future, high net worth individuals seeking to maximize their wealth, pension or profit sharing plans, charitable organizations, and other corporations not classified. The firm's team of experienced professionals helps clients navigate the complexities of the financial markets and offers personalized investment strategies to meet their unique needs. In terms of fee structures, MERIDIAN WEALTH ADVISORS, LLC offers various options depending on the services provided. Clients can choose to pay a percentage of assets under management (AUM), which is calculated based on the value of their investments. This fee structure is suitable for clients who want to actively manage their investments and seek to participate in the financial markets. Alternatively, fixed fees are available, which may be more appealing to clients who prefer more passive investment strategies. The firm provides transparent fee structures with no hidden costs or fees, which is a hallmark of their commitment to transparency and professionalism. Overall, MERIDIAN WEALTH ADVISORS, LLC delivers exceptional value to clients, regardless of their financial objectives or preferences.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for MERIDIAN WEALTH ADVISORS, LLC is generally $1,000,000 with a minimum fee of $5,000 to open and maintain an advisory account, as stated in their Part 2 Brochure. However, they do mention that they may waive these minimums at their discretion.
How This Office Can Help Austin, TX Residents
Meridian Wealth Advisors is a financial advisory firm that helps clients in Austin, TX meet their financial goals and plan for a secure future. With a focus on personal financial planning, retirement planning, and investment management, Meridian Wealth Advisors offers customized solutions for individuals and families looking to secure their financial future. There are many specific financial situations that people in Austin, TX might be facing. Local clients might be concerned about planning for retirement, managing their investments, or saving for a child's education. Others might be dealing with debt, managing a small business, or navigating complex tax laws. Whatever their situation, Meridian Wealth Advisors helps clients by providing personalized advice, comprehensive financial planning, and investment management services that are designed to meet their unique needs. By taking a holistic approach to financial planning, Meridian Wealth Advisors is able to help clients achieve their goals and build a secure financial future in Austin, TX.
Services Offered by Meridian Wealth Advisors, LLC
Core Advisor Services
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Financial advisory fees usually are based on the services provided. Fee types charged by Meridian Wealth Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
Other Office Locations
Displaying 1 office locations:
Meridian Wealth Advisors, LLC is registered to service clients in the following states:
Meridian Wealth Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.