{"url":"https://nivawealth.com/firms/wealthmd-140498","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/140498","regulatoryAum":250521809,"crd":"140498","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4120662","suffix":null,"lastName":"SALLEE","firstName":"PHILIP","middleName":"PARRISH"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-31","regulatoryAum":174068293,"clients":823,"employees":3,"offices":1},{"filedOn":"2022-03-10","regulatoryAum":200123872,"clients":851,"employees":3,"offices":1},{"filedOn":"2023-03-01","regulatoryAum":160200135,"clients":844,"employees":3,"offices":1},{"filedOn":"2024-02-28","regulatoryAum":190070876,"clients":989,"employees":3,"offices":1},{"filedOn":"2025-07-03","regulatoryAum":212874295,"clients":1030,"employees":4,"offices":1},{"filedOn":"2026-03-30","regulatoryAum":250521809,"clients":1061,"employees":4,"offices":1}],"secFileNumber":"801-80639","legalName":"Wealthmd 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Sallee","title":"Chief Investment Officer & Secretary","crd":"4120662"}],"ownership":[{"label":"Philip Sallee","detail":"Chief investment officer & secretary in the 75% or more ownership band and a control person, since June 2006."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Kentucky","offices":1,"addresses":[{"street":"1706 Bardstown Road, Second Floor","city":"Louisville","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"502-413-6893","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":3},{"label":"Securities issued by registered investment companies or business development companies","percent":97}],"privateFunds":0},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/140498/PDF/140498.pdf","brochureDate":"30 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034274","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Wealthmd have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Wealthmd offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Wealthmd charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Wealthmd use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Wealthmd have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Wealthmd invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Wealthmd?","answer":"Wealthmd’s direct owner is Philip Sallee (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Wealthmd get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Wealthmd?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}