Meritage Portfolio Management, Inc. (Overland Park)

Name: Meritage Portfolio Management, Inc.
Address: 7500 College Blvd, Overland Park, KS, 66210
Telephone: 913-345-7000

Meritage Portfolio Management, Inc. is a large advisory firm based in Overland Park. It manages $1.53 billion of regulatory assets for 1,228 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, California, Florida, and 12 other states.

Meritage Portfolio Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Meritage Portfolio Management: assets under management

The assets under management (AUM) of Meritage Portfolio Management, Inc. is $1.53 billion. The firm's AUM has grown by 131% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.48 billion in discretionary accounts and $54.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.28 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $750.79 thousand.

Meritage Portfolio Management has custody of $285.19 million in cash and securities for 204 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is state and local bonds, which make up 13% of the firm’s portfolio. Investments in investment and business development companies form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Meritage Portfolio Management, Inc. for their services and products based on a percentage of assets under management. 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 Meritage Portfolio Management serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Meritage Portfolio Management is high net worth individuals with 340 clients and $1.02 billion of assets under management. Among the 11 most similar advisory firms, Meritage Portfolio Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.53 billion for 495 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.

Meritage Portfolio Management doesn't advise any private funds.

Careers at Meritage Portfolio Management, Inc.

The company employs 17 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Meritage Portfolio Management, Inc. is owned by Bradley Anthony Bergman. Sharon Lee Divine joined the executive team most recently as the Principal & Sr. Portfolio Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Everett Eveans	President, director & chief investment officer	1 Jul 1991	50% - 75%	4332728
James Milgram Klein	Director, principal & senior portfolio manager	1 Jul 1991	25% - 50%	4332747
Thomas Joseph Bash	Consultant	1 Jul 1991	Other	14281
Bradley Anthony Bergman	Owner	1 Sep 2003	Other	4356580
Thomas Joseph Bash	Consultant	1 Oct 2003	Other	14281
Deborah Kay Eveans	Vp of finance & chief compliance officer	1 Sep 2004	50% - 75%	5036026
Sharon Lee Divine	Principal & sr. portfolio manager	1 Jan 2008	Other	4540380
Leonard Curtis Mitchell	Principal and sr. portfolio mgr	1 Jan 2008	Other	2113744
Sharon Lee Scrogham	Principal & sr. portfolio manager	1 Jan 2008	Other	4540380

Based in Overland Park

The principal office where Meritage Portfolio Management, Inc. performs its advisory services is located at 7500 College Blvd, Overland Park, KS 66210, 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 913-345-7000 or by fax 913-345-2213. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at meritageportfolio.com/.