Melfa Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and education planning.
Melfa Wealth Management reports 491 clients. They include 388 individual clients and 103 high-net-worth individuals. Of its assets, 100.0% ($349M across 894 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 79% | 17% |
| High-net-worth individuals | 21% | 82% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 388 | $59.9M | 17.2% | $154K |
| High-net-worth individuals | 103 | $286M | 82.0% | $2.78M |
| Pension and profit-sharing plans | Fewer than 5 | $1.54M | 0.4% | — |
| Charitable organizations | Fewer than 5 | $1.38M | 0.4% | — |
| Total | 491 | $349M | 100% | — |
- Clients
- 388
- Regulatory AUM
- $59.9M
- AUM share
- 17.2%
- Avg. per client
- $154K
- Clients
- 103
- Regulatory AUM
- $286M
- AUM share
- 82.0%
- Avg. per client
- $2.78M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.54M
- AUM share
- 0.4%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.38M
- AUM share
- 0.4%
- Avg. per client
- —
Total
- Clients
- 491
- Regulatory AUM
- $349M
- 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
- 0
Melfa Wealth Management charges up to 1.30% a year for its Wealth management fees. The fee is billed in advance and is negotiable.
Fee details and sources
Victor Melfa owns 50% to 75% of Melfa Wealth Management. The leadership team of Melfa Wealth Management includes President Victor Melfa. It has 6 employees, 4 of them in advisory roles.
Leadership
- Victor MelfaPresident, Treasurer and Director / Chief Compliance Officer
- Karen MelfaOwner
- Victor MelfaSecretary and Lead Portfolio Manager
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
- Christopher Ren-Da Chang
- Victor Joseph Melfa JR
- Victor Joseph Melfa III
- Kendra Renee Rasner
Staff
- 6 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 50% to 75% of Melfa Wealth Management, Inc.
Victor Melfa
Control person · since June 2021
- Owns 25% to 50% of Melfa Wealth Management, Inc.
Karen Melfa
since June 2021
Melfa Wealth Management’s regulatory assets grew Infinity× from $0 (July 2021) to $349M (July 2026); employees rose from 5 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $349M | 491 | 6 | 4 |
| March 2025 | $310M | 505 | 6 | 4 |
| June 2024 | $228M | 453 | 5 | 4 |
| June 2023 | $214M | 438 | 6 | 3 |
| March 2022 | $231M | 398 | 5 | 3 |
| July 2021 | $0 | 0 | 5 | 1 |
Besides its headquarters, Melfa Wealth Management has 3 offices, with 4 listed addresses in Massachusetts, Michigan and Rhode Island.
Massachusetts · 2 listed addresses
- 8 Lyman Street, Suite 204, WestboroughHQ
- 1 Lincoln St, Boston
Michigan · 1 listed address
- 309 Cass St, Traverse City
Rhode Island · 1 listed address
- 100 Bellevue Ave, Newport
Contact and registration details
- Legal name
- Melfa Wealth Management, Inc.
- Headquarters
- 8 Lyman Street, Suite 204, Westborough, MA 01581
- Website
- factorinvestinggroup.com
- Phone
- 508-366-6040
- @melfa-wealth-management
- SEC file
- 801-121821
- Founded
- 2009
- Structure
- Massachusetts corporation
- Fiscal year end
- December
Melfa Wealth Management uses Fidelity ($349M) as custodian for its separately managed accounts. Melfa Wealth Management has custody of $79.6M in client assets for 73 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $349M100%
At year end, Melfa Wealth Management’s separately managed accounts were mostly in stocks (54%) and funds (37%). Its reported 13F holdings for the quarter ended 30 June 2026 total $185M across 196 positions; the largest are Vanguard Index Fds (7.9%), Dimensional ETF Trust (6.8%) and Dimensional ETF Trust (3.2%).
What the accounts hold
- Stocks54%
- Funds37%
- Bonds2%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash7%
Reported 13F holdings
- $185M
- Reported 13F value
- 196
- Positions
- 34.3%
- In the 10 largest
- +6.5%
- Value vs. prior quarter
- Vanguard Index Fds · Total Stk Mkt7.9%
- Dimensional ETF Trust · US Cor Equ 2 ETF6.8%
- Dimensional ETF Trust · US Small Cap ETF3.2%
- Apple Inc.2.9%
- Putnam Mun Opportunities TR · SH Ben Int2.6%
- Blackrock Muniholdings FD IN2.3%
- Blackrock Muniyield Quality2.3%
- Eaton Vance Mun Income TR · SH Ben Int2.2%
- Blackrock Income TR Inc.2.1%
- Dimensional ETF Trust · US Core EQT Mkt1.9%
Together, the ten largest are 34.3% of reported value.
How many clients does Melfa Wealth Management have?
Melfa Wealth Management has 491 clients and manages $349 million for them, as of July 2026. They include 388 individual clients and 103 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 July 2026
What services does Melfa Wealth Management offer?
Melfa Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and education planning.
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 Melfa Wealth Management charge?
Melfa Wealth Management charges up to 1.30% a year for its Wealth management fees. The fee is billed in advance and is negotiable.
Source: FIG DISCLOSURE BROCHURE AND BROCHURE SUPPLEMENTS, filed 24 July 2026
Which custodians does Melfa Wealth Management use?
Melfa Wealth Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $349M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 July 2026
How many financial advisors does Melfa Wealth Management have?
Melfa Wealth Management has 4 investment adviser representatives registered with state securities authorities, out of 6 employees, and 4 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 Melfa Wealth Management invest in?
At the end of its last fiscal year, Melfa Wealth Management’s separately managed accounts held 54% exchange-traded equities, 37% registered funds (mutual funds, ETFs, BDCs), 7% cash and equivalents, 1% state and local bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Melfa Wealth Management?
Melfa Wealth Management’s direct owners are Victor Melfa (50% to 75%) and Karen Melfa (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 July 2026
How does Melfa Wealth Management get paid?
Melfa Wealth Management is paid through a percentage of assets under management. 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
Is Melfa Wealth Management registered with the SEC?
Yes, Melfa Wealth Management has been registered with the SEC as an investment adviser since 22 July 2021. Its CRD number is 315131 and its SEC file number is 801-121821.
Source: Form ADV Part 1A, Item 1, filed 24 July 2026; IAPD firm record
How do I contact Melfa Wealth Management?
Melfa Wealth Management’s main office is at 8 Lyman Street, Suite 204, Westborough, MA 01581. Its phone number is 508-366-6040. Its website is factorinvestinggroup.com.