M. Kulyk & Associates provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, tax planning, and tax preparation. Financial planning was provided to 251–500 clients last fiscal year. The firm advises 1 private fund.
M. Kulyk & Associates reports 549 clients. They include 314 individual clients, 225 high-net-worth individuals and 7 charitable organizations. Of its assets, 99.7% ($838M across 2,197 accounts) are managed with discretion; $2.54M across 11 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 57% | 24% |
| High-net-worth individuals | 41% | 75% |
| Pooled investment vehicles | <1% | <1% |
| Charitable organizations | 1% | 1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 314 | $198M | 23.5% | $629K |
| High-net-worth individuals | 225 | $632M | 75.2% | $2.81M |
| Pooled investment vehicles | 1 | $93.1K | 0.0% | $93.1K |
| Charitable organizations | 7 | $10.2M | 1.2% | $1.46M |
| Corporations and other businesses | Fewer than 5 | $644K | 0.1% | $322K |
| Total | 549 | $840M | 100% | — |
- Clients
- 314
- Regulatory AUM
- $198M
- AUM share
- 23.5%
- Avg. per client
- $629K
- Clients
- 225
- Regulatory AUM
- $632M
- AUM share
- 75.2%
- Avg. per client
- $2.81M
- Clients
- 1
- Regulatory AUM
- $93.1K
- AUM share
- 0.0%
- Avg. per client
- $93.1K
- Clients
- 7
- Regulatory AUM
- $10.2M
- AUM share
- 1.2%
- Avg. per client
- $1.46M
- Clients
- Fewer than 5
- Regulatory AUM
- $644K
- AUM share
- 0.1%
- Avg. per client
- $322K
Total
- Clients
- 549
- Regulatory AUM
- $840M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 251–500
M. Kulyk & Associates charges 0.50%–1.00% a year for its Financial Life Planning or Portfolio Management Services. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $10,000 annual minimum. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$5M | 1.00% |
| $5M–$15M | 0.75% |
| $15M and above | 0.50% |
Fee details and sources
Other fees
- Estate Planning Services
- Estate planning fees are set by complexity under a separate agreement, with a minimum of $1,000 and a maximum of $5,000.
- Tax Preparation Services
- Tax return preparation is billed as an additional fee under a separate Tax Services Agreement; no rate is stated.
Farley Kulyk Family Living Trust owns 75% or more of M. Kulyk & Associates. The leadership team of M. Kulyk & Associates includes Chief Compliance Officer James Hadaway. It has 23 employees, 12 of them in advisory roles.
Leadership
- James HadawayChief Compliance Officer
Max KulykCEO/Founder
Mary ShaltisOwner/Executive/Senior/Financial Planner
Jacob NewcomerFinancial Advisor
Daniel McNabbPortfolio Manager- Daniel KirslisFinancial Advisor
Investment adviser representatives
16 representatives listed in the SEC register as of 9 October 2026.
Staff
- 23 employees
- 12 in advisory functions
- 12 state-registered reps
- 2 soliciting firms
- Owns 75% or more of M. Kulyk & Associates, LLC
Farley Kulyk Family Living Trust
Control person · since December 2017
Max Kulyk
Trustee · Control person · since December 2017
- Owns 10% to 25% of M. Kulyk & Associates, LLC
Mary Shaltis
Control person · since September 2018
- Owns 5% to 10% of M. Kulyk & Associates, LLC
Jacob Newcomer
since July 2020
- Owns 5% to 10% of M. Kulyk & Associates, LLC
Daniel McNabb
since July 2020
- Owns 5% to 10% of M. Kulyk & Associates, LLC
Daniel Kirslis
since July 2020
M. Kulyk & Associates’ regulatory assets grew 2.3× from $371M (April 2021) to $840M (July 2026); clients rose from 366 to 549 and employees from 11 to 23.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $840M | 549 | 23 | 11 |
| March 2025 | $683M | 487 | 18 | 11 |
| March 2024 | $632M | 472 | 18 | 9 |
| March 2023 | $510M | 449 | 17 | 10 |
| May 2022 | $531M | 412 | 15 | 10 |
| April 2021 | $371M | 366 | 11 | 8 |
Besides its headquarters, M. Kulyk & Associates has 10 offices (10 private residences, listed without an address), with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- M. Kulyk & Associates, LLC
- Headquarters
- Not reported
- Website
- chicorywealth.com
- Phone
- 404-294-5917
- @18413386
- SEC file
- 801-112089
- Founded
- 2017
- Structure
- Georgia LLC
- Fiscal year end
- December
M. Kulyk & Associates uses Fidelity ($812M) as custodian for its separately managed accounts. M. Kulyk & Associates has custody of $201M in client assets for 163 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $812M100%
At year end, M. Kulyk & Associates’ separately managed accounts were mostly in stocks (59%) and funds (37%). Its reported 13F holdings for the quarter ended 30 June 2026 total $613M across 113 positions; the largest are iShares TR (12.9%), iShares TR (4.7%) and Alphabet Inc. (4.6%).
What the accounts hold
- Stocks59%
- Exchange-traded equities58%
- Non-exchange-traded equities1%
- Funds37%
- Bonds1%
- Cash3%
Reported 13F holdings
- $613M
- Reported 13F value
- 113
- Positions
- 46.3%
- In the 10 largest
- +14.4%
- Value vs. prior quarter
- iShares TR · 0-5 YR Tips ETF12.9%
- iShares TR · 0-3 Mth Treasury4.7%
- Alphabet Inc. · Cap Stk CL A4.6%
- Nvidia Corporation4.4%
- Apple Inc.4.0%
- Taiwan Semiconductor Manufac · Sponsored ADS3.4%
- iShares TR · Trust Ishare 0-13.3%
- Microsoft Corp.3.2%
- Cisco Sys Inc.3.0%
- Visa Inc. · Com CL A2.9%
Together, the ten largest are 46.3% of reported value.
How many clients does M. Kulyk & Associates have?
M. Kulyk & Associates has 549 clients and manages $840 million for them, as of July 2026. They include 314 individual clients, 225 high-net-worth individuals and 7 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 July 2026
What services does M. Kulyk & Associates offer?
M. Kulyk & Associates provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does M. Kulyk & Associates charge?
M. Kulyk & Associates charges 0.50%–1.00% a year for its Financial Life Planning or Portfolio Management Services. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $10,000 annual minimum.
Source: M. KULYK & ASSOCIATES, LLC DBA CHICORY WEALTH ADV PART 2A BROCHURE, filed 13 July 2026
Which custodians does M. Kulyk & Associates use?
M. Kulyk & Associates’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $812M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 July 2026
How many financial advisors does M. Kulyk & Associates have?
M. Kulyk & Associates has 12 investment adviser representatives registered with state securities authorities, out of 23 employees, and 12 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does M. Kulyk & Associates invest in?
At the end of its last fiscal year, M. Kulyk & Associates’ separately managed accounts held 58% exchange-traded equities, 37% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents, 1% non-exchange-traded equities and 1% state and local bonds. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns M. Kulyk & Associates?
M. Kulyk & Associates’ direct owners are Farley Kulyk Family Living Trust (75% or more), Mary Shaltis (10% to 25%), Jacob Newcomer (5% to 10%), Daniel McNabb (5% to 10%) and Daniel Kirslis (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 13 July 2026
How does M. Kulyk & Associates get paid?
M. Kulyk & Associates is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact M. Kulyk & Associates?
Its phone number is 404-294-5917. Its website is chicorywealth.com.