Merkkuri 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 51–100 clients last fiscal year.
Merkkuri Wealth Advisors reports 286 clients. They include 180 individual clients, 65 pension and profit-sharing plans, and 29 high-net-worth individuals. Of its assets, 98.9% ($202M across 600 accounts) are managed with discretion; $2.3M across 1 account is not. A wrap fee program the firm both sponsors and manages holds $202M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 63% | 19% |
| High-net-worth individuals | 10% | 42% |
| Pension and profit-sharing plans | 23% | 28% |
| Corporations and other businesses | 4% | 10% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 180 | $39.7M | 19.4% | $220K |
| High-net-worth individuals | 29 | $86.4M | 42.3% | $2.98M |
| Pension and profit-sharing plans | 65 | $57.5M | 28.2% | $885K |
| Corporations and other businesses | 12 | $20.5M | 10.1% | $1.71M |
| Total | 286 | $204M | 100% | $714K |
- Clients
- 180
- Regulatory AUM
- $39.7M
- AUM share
- 19.4%
- Avg. per client
- $220K
- Clients
- 29
- Regulatory AUM
- $86.4M
- AUM share
- 42.3%
- Avg. per client
- $2.98M
- Clients
- 65
- Regulatory AUM
- $57.5M
- AUM share
- 28.2%
- Avg. per client
- $885K
- Clients
- 12
- Regulatory AUM
- $20.5M
- AUM share
- 10.1%
- Avg. per client
- $1.71M
Total
- Clients
- 286
- Regulatory AUM
- $204M
- AUM share
- 100%
- Avg. per client
- $714K
- 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
- 51–100
Merkkuri Wealth Advisors charges up to 2.50% for its Investment Management Fee. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Billed on a project basis as a mutually agreed fixed fee set out in the planning agreement, negotiable and with no minimum fee; a retainer may be requested, capped at $1,200 prepaid six months ahead.
Paresh Shah owns 75% or more of Merkkuri Wealth Advisors. The leadership team of Merkkuri Wealth Advisors includes Chief Compliance Officer Christine Heroux. It has 7 employees, 3 of them in advisory roles.
Staff
- 7 employees
- 3 in advisory functions
- 3 state-registered reps
- 2 broker-dealer reps
- 7 insurance agents
- Owns 75% or more of Merkkuri Wealth Advisors LLC
Paresh Shah
Control person · since January 2024
Merkkuri Wealth Advisors’ regulatory assets grew from $156M (July 2024) to $204M (March 2026); clients were 286 in both filings and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $204M | 286 | 7 | 1 |
| May 2025May 2025 | $182M | 363 | 7 | 1 |
| Jul 2024July 2024 | $156M | 274 | 7 | 1 |
Besides its headquarters, Merkkuri Wealth Advisors has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- 333 Jericho Turnpike, Suite 211, JerichoHQ
Other business names
Merkkuri Wealth Advisors has reported 1 other business name to the SEC.
- Pareshah Partners, LLC
Contact and registration details
- Legal name
- Merkkuri Wealth Advisors LLC
- Headquarters
- 333 Jericho Turnpike, Suite 211, Jericho, NY 11753
- Website
- Not reported
- Phone
- 516-268-3446
- SEC file
- 801-129728
- Structure
- New York LLC
- Fiscal year end
- December
Merkkuri Wealth Advisors’ named custodian for separately managed accounts is Fidelity ($204M). Merkkuri Wealth Advisors has custody of $22.9M for 75 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $204M100%
At year end, Merkkuri Wealth Advisors’ separately managed accounts were mostly in funds (87%). Its reported 13F holdings for the quarter ended 31 March 2026 total $151M across 399 positions; the largest are SPDR Series Trust (11.2%), Fidelity Merrimack Str TR (5.1%) and Schwab Strategic TR (4.0%).
What the accounts hold
- Stocks6%
- Funds87%
- Registered funds82%
- Pooled vehicles5%
- Cash7%
How many clients does Merkkuri Wealth Advisors have?
Merkkuri Wealth Advisors has 286 clients and manages $204 million for them, as of March 2026. They include 180 individual clients, 65 pension and profit-sharing plans, and 29 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 March 2026
What services does Merkkuri Wealth Advisors offer?
Merkkuri 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
How much does Merkkuri Wealth Advisors charge?
Merkkuri Wealth Advisors charges up to 2.50% for its Investment Management Fee. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable.
Source: MERKKURI WEALTH ADVISORS, LLC DISCLOSURE BROCHURE, filed 18 March 2026
Which custodians does Merkkuri Wealth Advisors use?
Merkkuri Wealth Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $204M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 March 2026
How many financial advisors does Merkkuri Wealth Advisors have?
Merkkuri Wealth Advisors has 3 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 7 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 Merkkuri Wealth Advisors invest in?
At the end of its last fiscal year, Merkkuri Wealth Advisors’ separately managed accounts held 82% registered funds (mutual funds, ETFs, BDCs), 7% cash and equivalents, 6% exchange-traded equities and 5% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Merkkuri Wealth Advisors?
Merkkuri Wealth Advisors’ direct owner is Paresh Shah (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 18 March 2026
How does Merkkuri Wealth Advisors get paid?
Merkkuri Wealth Advisors 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 Merkkuri Wealth Advisors?
Merkkuri Wealth Advisors’ main office is at 333 Jericho Turnpike, Suite 211, Jericho, NY 11753. Its phone number is 516-268-3446.
