Myles Wealth Management, LLC (Florida)

Myles Wealth Management, LLC is a mid-sized advisory firm based in Florida. It manages $73.88 million of regulatory assets for 422 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida, New Jersey, New York, Texas, and Virginia.

Myles Wealth Management provides financial planning services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Myles Wealth Management: assets under management

The assets under management (AUM) of Myles Wealth Management, LLC is $73.88 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $73.88 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $175.06 thousand each.

Myles Wealth Management has custody of $18.02 million in cash and securities for 42 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 31% of the total AUM. The second-largest asset type is government bonds, which make up 30% of the firm’s portfolio. Investments in investment and business development companies form 24% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Myles Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Myles Vincent Mezzetti serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Myles Vincent Mezzetti is individuals with 407 clients and $62.58 million of assets under management. Among the 6 most similar advisory firms, Myles Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $70.13 million for 412 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.

Myles Wealth Management doesn't advise any private funds.

Careers at Myles Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 100 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.

Myles Vincent Mezzetti has been acting as President since 1 Dec 2013. James Mezzetti joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Myles Vincent Mezzetti	President	1 Dec 2013	75% - 100%	842596
Patricia Josephine Hoover	Chief compliance officer	1 Dec 2013	Other	1802802
Myles Vincent Mezzetti	Ceo and managing partner	1 Oct 2017	75% - 100%	842596
James Mezzetti	President	1 Oct 2018	25% - 50%	2837967

Based in Florida

The principal office where Myles Wealth Management, LLC performs its advisory services is located at 59 North Main Street, Florida, NY 10921, 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 845-651-3070 or by fax 845-651-2170. The normal business hours are by appointment on Monday - Friday.