Luke Melms
Luke Melms is a CFP-designated registered investment advisor at Newedge Advisors, based in Fort Lauderdale, FL, with 10 years of industry experience. Luke 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. Their firm serves 42,946 clients with $27B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
NewEdge Advisors manages investments through a wrap fee program. Clients pay a single annual fee, not to exceed 2.50%, which covers investment advice and custodial transaction costs. The fee is calculated based on the value of the account and is billed quarterly in advance. Fees are negotiable. Clients may pay more for the wrap fee service than they would for non-wrap services, depending on their account's trading activity.
Location
500 East Broward Boulevard, Suite 900, Fort Lauderdale, FL, 33394
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Regulatory History (1)
Customer Dispute
September 2020Other Business ActivitiesSells Insurance
Luke owns Baseball and Business, a website and podcast network, spending a few hours per week on general management. He is also an Investment Advisor Representative with NewEdge Advisors, LLC, dedicating all of his time during trading hours to this role.
Employment History
Current Registrations
Newedge Advisors
Previous Registrations
United Capital Financial Advisors
Global View Capital Management, LTD
State Registrations1 state
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.