Medallion Wealth Advisors, LLC (Farmington)

Name: Medallion Wealth Advisors, LLC
Address: 2 Bridgewater Road, Farmington, CT, 06032
Telephone: 860-967-3032

Medallion Wealth Advisors, LLC is a large advisory firm based in Farmington. It manages $131.24 million of regulatory assets for 984 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Connecticut, Massachusetts, New Hampshire, and 3 other states.

Medallion Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Medallion Wealth Advisors: assets under management

The assets under management (AUM) of Medallion Wealth Advisors, LLC is $131.24 million. The firm's AUM has grown by 410% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $122 million in discretionary accounts and $9.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $124.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.62 million.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Medallion Wealth Advisors, 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 Eric Thorson Cheyne serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Eric Thorson Cheyne is individuals with 293 clients and $100.24 million of assets under management. Among the 10 most similar advisory firms, Medallion Wealth Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $131.24 million for 303 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.

Medallion Wealth Advisors doesn't advise any private funds.

Careers at Medallion Wealth Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Eric Thorson Cheyne has been acting as President since 1 Dec 2010. David Gerard Greene joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Cdv Capital	Managing member	1 Dec 2009	25% - 50%	26-2558862
Eric Thorson Cheyne	Managing member / chief compliance officer	1 Mar 2010	25% - 50%	2931953
David Gerard Greene	Managing member	1 Mar 2010	25% - 50%	5495901
Eric Thorson Cheyne	President/chief compliance officer	1 Dec 2010	75% - 100%	2931953

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Diane Picard Campbell	Managing member	1 Aug 2009	75% - 100%	5748012

Based in Farmington

The principal office where Medallion Wealth Advisors, LLC performs its advisory services is located at 2 Bridgewater Road, Farmington, CT 06032, 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 860-967-3032 or by fax 860-255-7774. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at thorcheyne.com/.