Wealthmd provides portfolio management for individuals and small businesses and portfolio management for institutions.
Wealthmd reports 1,061 clients. They include 1,031 individual clients and 30 high-net-worth individuals. Of its assets, 100.0% ($251M across 1,593 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 97% | 75% |
| High-net-worth individuals | 3% | 25% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,031 | $187M | 74.5% | $181K |
| High-net-worth individuals | 30 | $63.9M | 25.5% | $2.13M |
| Total | 1,061 | $251M | 100% | $236K |
- Clients
- 1,031
- Regulatory AUM
- $187M
- AUM share
- 74.5%
- Avg. per client
- $181K
- Clients
- 30
- Regulatory AUM
- $63.9M
- AUM share
- 25.5%
- Avg. per client
- $2.13M
Total
- Clients
- 1,061
- Regulatory AUM
- $251M
- AUM share
- 100%
- Avg. per client
- $236K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Wealthmd charges 1.00%–2.00% a year for its Investment Management Services. The fee is billed in arrears and is negotiable.
Fee details and sources
Philip Sallee owns 75% or more of Wealthmd. The leadership team of Wealthmd includes President Nicole Haines and Chief Investment Officer Philip Sallee. It has 4 employees, 1 of them in advisory roles.
Staff
- 4 employees
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Wealthmd Corporation
Philip Sallee
Control person · since June 2006
Wealthmd’s regulatory assets grew from $174M (March 2021) to $251M (March 2026); clients rose from 823 to 1,061 and employees from 3 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $251M | 1,061 | 4 | 1 |
| Jul 2025July 2025 | $213M | 1,030 | 4 | 1 |
| Feb 2024February 2024 | $190M | 989 | 3 | 1 |
| Mar 2023March 2023 | $160M | 844 | 3 | 1 |
| Mar 2022March 2022 | $200M | 851 | 3 | 1 |
| Mar 2021March 2021 | $174M | 823 | 3 | 1 |
Besides its headquarters, Wealthmd has 0 offices, with 1 listed address in 1 state.
Kentucky · 1 listed address
- 1706 Bardstown Road, Second Floor, LouisvilleHQ
Contact and registration details
- Legal name
- Wealthmd Corporation
- Headquarters
- 1706 Bardstown Road, Second Floor, Louisville, KY 40205
- Website
- wealthmd.net
- Phone
- 502-413-6893
- @wealthmdretirern
- SEC file
- 801-80639
- Structure
- Nevada corporation
- Fiscal year end
- December
Wealthmd’s named custodians for separately managed accounts are Fidelity ($197M, 80%) and Tiaa-Cref Individual & Institutional Services ($50.3M, 20%). Wealthmd has custody of $2.99M for 3 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $197M80%
- Tiaa-Cref Individual & Institutional ServicesTiaa-Cref Individual & Institutional Services, LLC · New York, NY · $50.3M20%
At year end, Wealthmd’s separately managed accounts were mostly in funds (97%).
What the accounts hold
- Stocks3%
- Funds97%
How many clients does Wealthmd have?
Wealthmd has 1,061 clients and manages $251 million for them, as of March 2026. They include 1,031 individual clients and 30 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Wealthmd offer?
Wealthmd provides portfolio management for individuals and small businesses and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Wealthmd charge?
Wealthmd charges 1.00%–2.00% a year for its Investment Management Services. The fee is billed in arrears and is negotiable.
Source: WEALTHMD 2026 ANNUAL AMENDED FORM ADV PART 2A, filed 30 March 2026
Which custodians does Wealthmd use?
Wealthmd’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $197M and Tiaa-Cref Individual & Institutional Services, LLC (New York, NY), with $50.3M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Wealthmd have?
Wealthmd has 1 investment adviser representative registered with state securities authorities, out of 4 employees, and 1 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 Wealthmd invest in?
At the end of its last fiscal year, Wealthmd’s separately managed accounts held 97% registered funds (mutual funds, ETFs, BDCs) and 3% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Wealthmd?
Wealthmd’s direct owner is Philip Sallee (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Wealthmd get paid?
Wealthmd 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
How do I contact Wealthmd?
Wealthmd’s main office is at 1706 Bardstown Road, Second Floor, Louisville, KY 40205. Its phone number is 502-413-6893. Its website is wealthmd.net.