M Wealth Management, LLC (San Diego)


M Wealth Management, LLC is a large advisory firm based in San Diego. It manages $145.27 million of regulatory assets for 1,102 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Indiana, and Texas.

M Wealth Management provides financial planning services and 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.

M Wealth Management: assets under management

The assets under management (AUM) of M Wealth Management, LLC is $145.27 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $145.27 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $131.82 thousand each.
M Wealth Management has custody of $131.58 million in cash and securities for 454 clients 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 87% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay M Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients M Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of M Wealth Management is individuals with 427 clients and $95.68 million of assets under management. Among the 11 most similar advisory firms, M Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $145.27 million for 454 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.

M Wealth Management doesn't advise any private funds.

Careers at M Wealth Management, LLC

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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Scott H Melbrod Managing member 1 Sep 2015 25% - 50% 4614202
Wesley W Melbrod Managing member and chief compliance officer 1 Sep 2015 25% - 50% 5634519
Anastasia Gene Melbrod Managing member 1 Sep 2015 25% - 50% 4914428

Based in San Diego

The principal office where M Wealth Management, LLC performs its advisory services is located at 13520 Evening Creek Dr. North, San Diego, CA 92128, 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 855-635-2763 or by fax 858-228-9824. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at mwealthllc.com.