TrueAdvisor
TrueAdvisor
MD
ChFC
MD
ChFC

Melina Degelsmith

Park Avenue Securities LLC
23 Years of Experience
Hollywood, FL
BrokerSells Insurance
View SEC Summary
View SEC Summary

Melina Degelsmith is a ChFC-designated registered investment advisor at Park Avenue Securities LLC, based in Hollywood, FL, with 23 years of industry experience. Melina is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 7 more. Their firm serves 82,118 clients with $20B in assets under management.

Park Avenue Securities LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1904 advisors
Number of Clients
82,118 clients
Average Client Portfolio
$238K average
Assets Under Management
$19.6B

Fee Structure

Minimum Investment:$5K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $500K2.05%
$500K - $1000K2.00%
$1.0M - $2.0M1.95%
$2M+1.90%

Schedule reflects the maximum client fee for the Park Avenue Portfolio Select program. Other wrap fee and third-party programs have varying fee schedules with advisor fees ranging from 0.50% to 1.75% plus platform and manager fees.

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

Location

4000 Hollywood Blvd, 310 N, Hollywood, FL, 33021

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

Learn about disclosures →
Other Business ActivitiesSells Insurance

Melina sells insurance through Innovative Underwriters, Art Jetter & Source Brokerage since 2015, and has a P&C license with eAdvisors since 2022. These activities take minimal time.

Employment History
Current Registrations
Park Avenue Securities LLC
October 2015 - Present · 11 yrs
Park Avenue Securities LLC
October 2008 - Present · 18 yrs
Park Avenue Securities LLCBroker
October 2008 - Present · 18 yrs
Previous Registrations
State Farm Vp Management CORP.Broker
February 2003 - October 2008 · 5 yrs 8 mos
State Registrations1 state
FL
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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