Meld Financial is pleased to formally announce an exciting change to our current structure. This will in no way affect your relationship with Meld Financial as your advisory firm.
In addition, we want to emphasize that no client action is needed at this time.
As many of you are aware, Meld has made the strategic decision to end our relationship with our current broker-dealer, Triad Advisors. Moreover, we have decided to no longer be affiliated with any broker-dealer, finalizing our transition into a completely independent Registered Investment Advisory (RIA) firm.
After thorough analysis, we have decided to custody client assets directly with Fidelity Investments.
It is important to note this change will have no impact on any holdings within your accounts, nor will it change our investment philosophy or portfolio building process. The dedicated team at Meld will not change. Additionally, we will still maintain the same regulatory oversight of the Securities and Exchange Commission (SEC). This is an extremely positive development for the firm, and one we feel is necessary for Meld to continue its growth as an independent wealth management practice.
There are a myriad of reasons why we ultimately decided to make this change, but one factor was consistent – it was to the benefit of our clients. Our firm’s culture is geared toward providing the best experience possible to our clients in every facet of our business. This philosophy began with our firm’s founder, Mark McGarvey, and it will continue to be the guiding light in which all firm decisions are made.
Through the years, Meld has grown substantially, both in clients and in personnel. Because of this growth, many of the functions and support systems once provided by Triad can now be handled in-house without the need of broker-dealer oversight. This allows us to move in a positive direction, away from the broker-dealer model.
By transitioning our clients’ assets to Fidelity, we will gain access to the most robust client service platform in the industry. This technology will greatly strengthen our ability to open, manage and service client accounts in the most effective and efficient manner possible.
Additionally, the transition will offer our clients a more modern online experience, including a highly improved client portal. This portal will be a welcome upgrade to our current platform and provide you with improved account details in a cleaner user interface.
In a few weeks, you will receive additional communication detailing the anticipated steps that will be required to complete the transition. For reference, we expect this transition and any necessary client actions to occur throughout Q1 of 2022.
We are ecstatic to have you on board as we make this exciting transition. If you have any questions or concerns, please do not hesitate to reach out at any time to your dedicated advisor or any member of our staff.
