Medallion Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 26–50 clients last fiscal year.
Medallion Wealth Advisors reports 2,484 clients. They include 2,416 individual clients, 51 high-net-worth individuals, and 11 corporations and other businesses. Of its assets, 95.0% ($491M across 2,466 accounts) are managed with discretion; $25.9M across 18 accounts are not. A wrap fee program the firm both sponsors and manages holds $347M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 97% | 59% |
| High-net-worth individuals | 2% | 37% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | 3% |
| 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) | 2,416 | $306M | 59.1% | $127K |
| High-net-worth individuals | 51 | $191M | 37.0% | $3.75M |
| Pension and profit-sharing plans | Fewer than 5 | $1.33M | 0.3% | $1.33M |
| Charitable organizations | 5 | $15.9M | 3.1% | $3.19M |
| Corporations and other businesses | 11 | $2.74M | 0.5% | $249K |
| Total | 2,484 | $517M | 100% | — |
- Clients
- 2,416
- Regulatory AUM
- $306M
- AUM share
- 59.1%
- Avg. per client
- $127K
- Clients
- 51
- Regulatory AUM
- $191M
- AUM share
- 37.0%
- Avg. per client
- $3.75M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.33M
- AUM share
- 0.3%
- Avg. per client
- $1.33M
- Clients
- 5
- Regulatory AUM
- $15.9M
- AUM share
- 3.1%
- Avg. per client
- $3.19M
- Clients
- 11
- Regulatory AUM
- $2.74M
- AUM share
- 0.5%
- Avg. per client
- $249K
Total
- Clients
- 2,484
- Regulatory AUM
- $517M
- 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
- 0
- Financial planning clients last fiscal year
- 26–50
Medallion Wealth Advisors is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Consulting Services
- Consulting is negotiable, generally $100 to $300 an hour, and is billed and due on completion of the service.
- Financial Planning Services
- Comprehensive financial planning is a negotiable fixed fee, generally $1,000 to $5,000; waived for clients with assets under management.
Eric Cheyne owns 75% or more of Medallion Wealth Advisors. The leadership team of Medallion Wealth Advisors includes President Eric Cheyne. It has 7 employees, 4 of them in advisory roles.
Leadership
- Eric CheynePresident/Chief Compliance Officer
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
- Eric Thorson Cheyne
- Henry J Peterson
- Scott G. Stevens
- Steven Tellar
- Christian Williams
- Matthew L Woods Weber
Staff
- 7 employees
- 4 in advisory functions
- 4 state-registered reps
- 3 broker-dealer reps
- 3 insurance agents
- Owns 75% or more of Medallion Wealth Advisors, LLC
Eric Cheyne
Control person · since December 2010
Medallion Wealth Advisors’ regulatory assets grew 2.0× from $261M (March 2021) to $517M (March 2026); clients rose from 1,396 to 2,484 and employees from 4 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $517M | 2,484 | 7 | 3 |
| March 2025 | $407M | 1,493 | 7 | 3 |
| February 2024 | $329M | 1,449 | 7 | 3 |
| March 2023 | $270M | 1,350 | 7 | 3 |
| March 2022 | $317M | 1,400 | 8 | 2 |
| March 2021 | $261M | 1,396 | 4 | 2 |
Besides its headquarters, Medallion Wealth Advisors has 2 offices (1 private residence, listed without an address), with 2 listed addresses in Connecticut.
Connecticut · 2 listed addresses
- 2 Bridgewater Road, Suite 201, FarmingtonHQ
- 1001 Farmington Avenue, Bristol
Contact and registration details
- Legal name
- Medallion Wealth Advisors, LLC
- Headquarters
- 2 Bridgewater Road, Suite 201, Farmington, CT 06032
- Website
- Not reported
- Phone
- 860-967-3032
- @medallion-wealth-advisors
- SEC file
- 801-116959
- Structure
- Connecticut LLC
- Fiscal year end
- December
Medallion Wealth Advisors uses Charles Schwab ($429M, 83%), Pershing ($61.6M, 12%) and Employee Fiduciary ($8.28M, 2%), among others, as custodians for its separately managed accounts. Medallion Wealth Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $429M83%
- PershingPershing Advisor Solutions LLC · Jersey City, NJ · $61.6M12%
- Vanguard Retirement ServicesVanguard Retirement Services · Malvern, PA · $7.5M1%
- John Hancock Retirement ServicesJohn Hancock Retirement Services · Boston, MA · $8.27M2%
- Employee FiduciaryEmployee Fiduciary Corporation · Mobile, AL · $8.28M2%
- Aspire Financial ServicesAspire Financial Services · Beaverton, OR · $1.84M0%
At year end, Medallion Wealth Advisors’ separately managed accounts were mostly in stocks (68%) and bonds (26%). Its reported 13F holdings for the quarter ended 30 June 2026 total $317M across 1,220 positions; the largest are Janus Detroit Str TR (5.1%), Schwab Strategic TR (3.0%) and Nvidia Corporation (2.8%).
What the accounts hold
- Stocks68%
- Non-exchange-traded equities63%
- Exchange-traded equities5%
- Bonds26%
- High-yield corporate bonds12%
- Investment grade corporate bonds10%
- State and local bonds4%
- Cash6%
Reported 13F holdings
- $317M
- Reported 13F value
- 1,220
- Positions
- 22.8%
- In the 10 largest
- +3.6%
- Value vs. prior quarter
- Janus Detroit Str TR · Henderson Mtg5.1%
- Schwab Strategic TR · US Lrg Cap ETF3.0%
- Nvidia Corporation2.8%
- iShares TR · Core S&P500 ETF2.1%
- First TR Exchange-traded FD · Cap Strength ETF1.8%
- SPDR Series Trust · ST Str PR Sp15001.8%
- Amazon Com Inc.1.6%
- Vanguard Index Fds · Total Stk Mkt1.6%
- Vanguard Wellington FD · US Quality1.5%
- J P Morgan Exchange Traded F · US Qualty Fctr1.5%
Together, the ten largest are 22.8% of reported value.
How many clients does Medallion Wealth Advisors have?
Medallion Wealth Advisors has 2,484 clients and manages $517 million for them, as of March 2026. They include 2,416 individual clients, 51 high-net-worth individuals, and 11 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Medallion Wealth Advisors offer?
Medallion Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Medallion Wealth Advisors use?
Medallion Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $429M, Pershing Advisor Solutions LLC (Jersey City, NJ), with $61.6M, Employee Fiduciary Corporation (Mobile, AL), with $8.28M, John Hancock Retirement Services (Boston, MA), with $8.27M, Vanguard Retirement Services (Malvern, PA), with $7.5M and Aspire Financial Services (Beaverton, OR), with $1.84M. The filing also lists Osaic Wealth, Inc. with no separately managed account assets.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Medallion Wealth Advisors have?
Medallion Wealth Advisors has 4 investment adviser representatives registered with state securities authorities, out of 7 employees, and 4 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 3 employees are 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 Medallion Wealth Advisors invest in?
At the end of its last fiscal year, Medallion Wealth Advisors’ separately managed accounts held 63% non-exchange-traded equities, 12% high-yield corporate bonds, 10% investment grade corporate bonds, 6% cash and equivalents, 5% exchange-traded equities and 4% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Medallion Wealth Advisors?
Medallion Wealth Advisors’ direct owner is Eric Cheyne (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Medallion Wealth Advisors get paid?
Medallion Wealth Advisors is paid through a percentage of assets under management, hourly charges 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 Medallion Wealth Advisors?
Medallion Wealth Advisors’ main office is at 2 Bridgewater Road, Suite 201, Farmington, CT 06032. Its phone number is 860-967-3032.