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MS
CFP · ChFC
MS
CFP · ChFC

Melvin Sikes

Raymond James Financial Services Advisors, INC
25 Years of Experience
Montgomery, AL
2 DisclosuresBroker
View SEC Summary
View SEC Summary

Melvin Sikes is a CFP, ChFC-designated registered investment advisor at Raymond James Financial Services Advisors, INC, based in Montgomery, AL, with 25 years of industry experience. Melvin is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Business Owners, Education Planning, Estate Planning, Financial Planning & Coaching, and 5 more. Their firm serves 508,439 clients with $390B in assets under management.

Raymond James Financial Services Advisors, INC
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
6724 advisors
Number of Clients
508,439 clients
Average Client Portfolio
$767K average
Assets Under Management
$390.0B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.25%

Maximum annual fee percentage is 2.25% of assets under advisement. Specific fees are negotiable with your financial advisor based on time, complexity, and portfolio size.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

6925 Halcyon Park Drive, Suite B, Montgomery, AL, 36117

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History

Regulatory History (2)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
June 2012
Settled
Customer Dispute
December 2010
Settled
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Melvin owns MDS Capital, Inc., a pass-through entity for business expenses, dedicating minimal time to it. He also owns Meridiem Advisory Group, LLC, spending about half his time in this role.

Employment History
Current Registrations
Raymond James Financial Services Advisors, INC
August 2016 - Present · 10 yrs 2 mos
Raymond James Financial Services, INC.Broker
August 2016 - Present · 10 yrs 2 mos
Previous Registrations
Raymond James & Associates, INC.Broker
February 2013 - August 2016 · 3 yrs 6 mos
Raymond James & Associates, INC.
February 2013 - August 2016 · 3 yrs 6 mos
Morgan Keegan & Company, INC.
August 2004 - February 2013 · 8 yrs 6 mos
Morgan Keegan & Company, INC.Broker
April 2004 - February 2013 · 8 yrs 10 mos
Edward JonesBroker
May 2001 - April 2004 · 2 yrs 11 mos
State Registrations41 states
AKALARAZCACOCTDCFLGAIAILINKSKYLAMAMDMIMNMOMSMTNCNDNENHNJNMNYOHOKORPASCTNTXUTVAWIWY
AdvisorBrokerBoth

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.

Exams
No exam information available for this advisor.
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