6 Meridian LLC (Wichita)

Name: 6 Meridian LLC
Address: 8301 E 21 St St. North, Wichita, KS, 67206
Telephone: 316-776-4601

6 Meridian LLC is a large advisory firm based in Wichita. It manages $1.47 billion of regulatory assets for 3,526 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.

6 Meridian provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

6 Meridian: assets under management

The assets under management (AUM) of 6 Meridian LLC is $1.47 billion. The firm's AUM has gone down by -8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.14 billion in discretionary accounts and $329.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $444.26 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $347.67 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment and business development companies, which make up 23% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay 6 Meridian LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients 6 Meridian serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of 6 Meridian is high net worth individuals with 260 clients and $1.18 billion of assets under management. Among the 8 most similar advisory firms, 6 Meridian has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.47 billion for 589 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

6 Meridian also advises several private funds.

Careers at 6 Meridian LLC

The company employs 20 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stevan Mark Bahm	Member	1 Sep 2016	Other	718141
Margaret Ann Dechant	Member	1 Sep 2016	Other	4540677
Andrew John Mies	Member	1 Sep 2016	Other	2393831
Pamela Ann Smith	Member	1 Sep 2016	Other	3111456
Bryan Scott Green	Member	1 Sep 2016	Other	2635816
Thomas Henry Kirk	Member	1 Sep 2016	25% - 50%	731290
Denice Renea Robinson	Chief compliance officer	1 Sep 2016	Other	2540597
Sarah Jean Hampton	Member	1 Sep 2016	Other	4758482

Based in Wichita

The principal office where 6 Meridian LLC performs its advisory services is located at 8301 E 21 St St. North, Wichita, KS 67206, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 316-776-4601 or by fax 316-776-4620. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at 6meridian.com.