Meridian Asset Management provides investment management and financial planning services to individuals, high-net-worth clients, corporations, trusts, estates, and charitable institutions. Co-founders Jay M. Harris and Scott M. Heess lead the firm, utilizing their background in bank trust management. Meridian offers both discretionary and non-discretionary portfolio management, tailoring asset allocation and active portfolio management using individual securities, exchange-traded funds, and mutual funds to each client's specific risk tolerance, time horizon, and tax considerations. In addition to managing investments, Meridian offers comprehensive financial planning and consultation covering retirement, cash flow, income taxes, insurance, estate planning, education funding, and real estate. The firm emphasizes utilizing institutional mutual fund share classes to minimize costs and can apply discounts for accounts fully invested in mutual funds and exchange-traded funds.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.00% |
| $250K - $500K | 0.85% |
| $500K - $1.0M | 0.75% |
| $1.0M - $5.0M | 0.50% |
| $5M+ | 0.30% |
Clients 100% invested in mutual funds and ETFs receive at least a 15% discount (alternative schedule ranges from 0.85% down to 0.20%). Fees are negotiable.