Melvin Jacobs
Melvin Jacobs is a registered investment advisor at Sunbelt Securities, based in Houston, TX, with 40 years of industry experience. Melvin operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Investment Management, Retirement Planning, and 1 more. Their firm serves 5,355 clients with $2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Sunbelt Securities offers investment management through its Rep Directed Wrap Fee Program. The annual fee is a percentage of your portfolio, and the exact rate is negotiable. The maximum fee is 2.50% per year, charged monthly. This fee covers account management, brokerage, and clearance. Clients also pay separate annual maintenance fees, custodial fees, and termination fees charged by the custodian (National Financial Services, Fidelity, or Charles Schwab).
Location
2700 Post Oak Blvd Ste 1700, Houston, TX, 77056
Get directionsHistory
Regulatory History (2)
Employment Separation After Allegations
December 2017Customer Dispute
November 2008Other Business Activities
Melvin works as a Registered Representative under Sunbelt Securities, Inc. through Accumulus Advisors, dedicating full-time hours to this role. He also has several other business activities including real estate rentals, a holding company, and boat charter businesses, but these take minimal time.
Employment History
Current Registrations
Sunbelt Securities
Sunbelt Securities, INC.Broker
Previous Registrations
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Merrill Lynch, Pierce, Fenner & Smith Incorporated
UBS Financial Services INC.Broker
UBS Financial Services INC.
Fahnestock & CO. INC.Broker
Oppenheimer & CO., INC.Broker
Cibc World Markets CORP.Broker
Donaldson, Lufkin & Jenrette Securities CorporationBroker
The Stuart-James Company, INC.Broker
State Registrations10 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.