Davis Wealth Advisors Llc
- Regulatory AUM
- $197M
- Discretionary
- $186M
- Clients
- 92
- Avg AUM / client
- $2.1M
- Accounts
- 557
- Employees
- 6
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Jul 06, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 15 | $4.3M | 2.17% |
| High net worth individuals | 72 | $184M | 93.3% |
| Pension and profit sharing plans | 3 | $7.6M | 3.87% |
| Corporations and other businesses | 2 | $1.3M | 0.68% |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Melinda Kay Davis | Managing Member/Chief Compliance Officer | CFP | Feb 2017 (10y) | 75% or more |
| Stephanie Castonguay Griebel | Registered representative | CFP | Jul 2022 (4y) | |
| Zachary Scott Gibbons | Registered representative | Jan 2024 (3y) | ||
| Patrick Joseph Xavier | Registered representative | Jun 2026 (0y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/06/2026 | 1.03 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: DURING THE TIME PERIOD OF MARCH 5, 2020 TO AUGUST 14, 2021, DAVIS WEALTH ADVISORS RECEIVED INVESTMENT ADVISORY FEES FROM MASSACHUSETTS CLIENTS WITHOUT BEING REGISTERED IN MASSACHUSETTS AS AN INVESTMENT ADVISER. THE CONDUCT OF DAVIS WEALTH ADVISORS CONSTITUTES VIOLATIONS OF MASS. GEN. LAWS CH. 110A, 201(C) AND 201(D). Status: Final Sanction Detail: DAVIS WEALTH ADVISORS PAID $25,000 TO THE COMMONWEALTH OF MASSACHUSETTS ON 12/20/2021. DAVIS WEALTH ADVISORS TO PERMANENTLY CEASE AND DESIST FROM VIOLATIONS OF SECTIONS 201(C) AND 201(D) OF THE ACT IN THE COMMONWEALTH. Summary: ON DECEMBER 16, 2021, THE MASSACHUSETTS SECURITIES DIVISION (THE "DIVISION") ENTERED A CONSENT ORDER FINDING THAT DAVIS WEALTH ADVISORS ("DWA") VIOLATED THE MASSACHUSETTS UNIFORM SECURITIES ACT ("ACT") BY RECEIVING INVESTMENT ADVISORY FEES FROM MASSACHUSETTS CLIENTS WITHOUT BEING REGISTERED IN MASSACHUSETTS AS AN INVESTMENT ADVISER. THE DIVISION ALSO FOUND THAT DWA VIOLATED THE ACT BY EMPLOYING TWO INVESTMENT ADVISER REPRESENTATIVES WHO PROVIDED SERVICES TO MASSACHUSETTS CLIENTS WHEN THOSE INDIVIDUALS WERE NOT REGISTERED WITH THE DIVISION. DWA AGREED TO PERMANENTLY CEASE AND DESIST FROM VIOLATIONS OF SECTIONS 201(C) AND 201(D) OF THE ACT AND TO PAY AN ADMINISTRATIVE FINE OF $25,000. ON DECEMBER 20, 2021, DWA PAID THE ADMINISTRATIVE FINE. ON DECEMBER 16, 2021, THE DIVISION LICENSED DWA AND THE TWO INVESTMENT ADVISER REPRESENTATIVES IN THE STATE OF MASSACHUSETTS.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Pension consulting services
- • Selection of other advisers
- • Educational seminars/workshops
- • Other services
Custody
Reported custodians
- Fidelity Brokerage Services $190M (97% of AUM) Jul 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 06, 2026.
View current Form ADV (SEC/IAPD) ↗