Merit Fund Advisors
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Overview
Merit Fund Advisors is an advisory firm located in Birmingham, Alabama. The company oversees $338.4 million in total assets over eight customer accounts, placing it in the mid-tier of financial advisory firms in the country by assets under management (AUM). Merit Fund Advisors has a small group, including 6 financial advisors. Merit Fund Advisors does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like stocks, bonds and options.
Merit Fund Advisors manages all of its client assets in a discretionary manner. Discretionary management is a structure in which transaction judgments for the client's account are made by a portfolio manager without requiring the customer's approval. The investment advisory firm's typical account size is $42.3 million. The typical financial advisor at Merit Fund Advisors manages about one client account, making it one of the most individualized firms in the country.
Merit Fund Advisors's headquarters is located at 2151 Highland Avenue South, Birmingham, Alabama 35205. The firm is allowed to provide services to investors in the state of Alabama.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Merit Fund Advisors by the Numbers
$338.4 million
14
8
$42.3 million
Fee Structure
Fees charged by financial advisors largely vary depending on which services are offered. Fee types charged by Merit Fund Advisors can consist of the following fee structures: performance-based or other. The company does not participate in a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
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Offered by 26% of firms
Performance-based
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Offered by 10% of firms
Other
Unavailable
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Find one of the 69% of firms that offer this fee type
Percentage of Assets
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
Types of Clients
Merit Fund Advisors caters to pooled investment vehicles. Out of its eight clients, Merit Fund Advisors's largest client group is pooled investment vehicles. None of the company's accounts reside abroad.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Merit Fund Advisors does not have any disclosures.
Please visit its Form ADV for more details.
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