Meyers Wealth Management, LLC (Columbus)

Meyers Wealth Management, LLC is a large advisory firm based in Columbus. It manages $682.5 million of regulatory assets for 548 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Ohio, South Carolina, and Texas.

Meyers Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Meyers Wealth Management: assets under management

The assets under management (AUM) of Meyers Wealth Management, LLC is $682.5 million. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $653.8 million in discretionary accounts and $28.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.24 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.3 million.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is government bonds, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Meyers Wealth Management, 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.

What kind of clients Meyers Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Meyers Wealth Management is high net worth individuals with 118 clients and $365.2 million of assets under management. Among the 5 most similar advisory firms, Meyers Wealth Management has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $682.5 million for 548 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.

Meyers Wealth Management doesn't advise any private funds.

Careers at Meyers Wealth Management, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 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.

Meyers Wealth Management, LLC is owned by Matthew David Meyers. Martin Matthew Meyers joined the executive team most recently as the Owner/Cfp/Investment Advisor Representative.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert David Meyers	Owner and investment advisor representative and cima	1 Jul 2017	75% - 100%	1409245
Matthew David Meyers	Owner/chief compliance officer/investment advisor representative	1 Jul 2017	Other	6582758
Martin Matthew Meyers	Owner/cfp/investment advisor representative	1 Jul 2017	Other	2975408
Martin Matthew Meyers	Owner/cfp/investment advisor representative	1 Jan 2018	Other	2975408

Based in Columbus

The principal office where Meyers Wealth Management, LLC performs its advisory services is located at 4100 Horizons Drive, Columbus, OH 43220, which is also the mailing address of the firm. An additional office of the firm is in Kiawah Island, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 614-442-6787 or by fax NONE. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.