Company Overview
Market Street Wealth Management is a distinguished registered investment advisory firm headquartered at 999 West Chester Pike, Suite 202, West Chester, PA 19382. Founded in 1992, the firm has been a notable player in the financial services sector, focusing on wealth management, retirement planning, and investment advisory services. With a notable revenue stream of $5.6 million and assets under management totaling $589.2 million, Market Street Wealth Management is renowned for its fee-only wealth management solutions, which are meticulously tailored to meet the unique needs of individual clients.
Leadership Team
Kevin Holt
- Role: Co-Founder and Partner
- Contact: [khilt@marketstreetwealth.net](mailto:khilt@marketstreetwealth.net), Phone: (610) 692-3200 Ex.105
- Background: A Certified Financial Planner (CFP) with over 21 years in the financial services industry, Kevin Holt has been a pivotal part of the firm for 14 years, bringing robust expertise in investment advisory.
Jeff Leppert
- Role: Co-Founder and Partner
- Contact: [jleppert@marketstreetwealth.net](mailto:jleppert@marketstreetwealth.net), Phone: (610) 692-3200 Ex.104
- Background: Jeff Leppert, with 24 years of industry experience, has been fundamental in forming the firm's investment strategies. As a co-founder, he also plays a crucial role in operational management and client relations.
Mark Meloro
- Role: Partner
- Contact: Phone: (610) 692-3200 Ex.103
- Background: Mark Meloro has over 25 years of experience in the financial sector, starting in 1999. His extensive expertise in comprehensive financial planning is vital to the firm’s client advisory services.
Matt Eichert
- Role: Financial Advisor, ChFC
- Contact: [meichert@marketstreetwealth.net](mailto:meichert@marketstreetwealth.net), Phone: (610) 692-3200
- Background: Matt Eichert, who has served the firm for 19 years, specializes in retirement planning and investment advisory, further validated by his Chartered Financial Consultant designation.
Matt Dodge
- Role: Financial Advisor
- Background: A graduate of East Carolina University, Matt Dodge emphasizes life insurance, annuities, and long-term care, providing strategic advice for high-net-worth clients, particularly those nearing retirement.
Troy Vogt
- Role: Chief Investment Officer, CFP
- Background: With 14 years at the firm, Troy Vogt, a seasoned financial professional and Certified Financial Planner, excels in financial planning and investment strategy development.
Services Offered
Market Street Wealth Management offers an assortment of services, including:
- Wealth and Investment Management: Customized solutions that align with individual client objectives.
- Financial Planning: Encompasses retirement, tax, and estate planning.
- Insurance: Concentrates on home, auto, and Medicare-related products.
Competitor Profiling
Edward Jones
- Background: Established in 1922, Edward Jones is a reputable financial services firm with headquarters in St. Louis, Missouri. The firm employs a branch-office brokerage model comprising over 15,000 locations across North America.
- Financial Performance: In 2022, Edward Jones reported revenues of $12.3 billion with managed assets approximating $1.8 trillion, employing nearly 52,000 individuals.
- Services: Offers both commission and fee-based financial products to individual investors and business owners, featuring a new teaming program that encourages collaborative client service across multiple branches.
- Leadership: Penny Pennington leads as the managing partner since 2019, marking a historic leadership role as the first woman to lead a major U.S. brokerage firm.
- Presence: Edward Jones maintains numerous campuses in Missouri with expansive branches in the U.S. and Canada.
Fidelity Investments
- Profile: Headquartered in Boston, Massachusetts, Fidelity Investments stands as one of the largest global asset managers, founded in 1946.
- Assets Under Management: Operates with $5.8 trillion under management and $15.0 trillion under administration as of 2024.
- Services Offered: Provides investment management, retirement services, and brokerage, with innovations such as zero-expense-ratio mutual funds aimed at personal investment.
- Recent Developments: Entered the digital asset space with Fidelity Digital Asset Services, focusing on cryptocurrencies for institutional clients.
- Corporate Structure: A privately owned entity with Abigail Johnson as CEO, holding significant ownership roles.
Additional Competitors
Other key competitors include Brown Financial Advisors, Murphy Wealth Management, and Sopher Financial Group. These firms offer specialized advisory services focusing on investment strategies, tax planning, and estate management.
Strategic Insights
Market Street Wealth Management must keenly understand competitors like Edward Jones and Fidelity Investments, which set high standards in customer-centric service, asset management, and strategic leadership. Differentiating through unique competitive advantages and fostering personalized relationships will be key. Embracing technological advancements and client retention strategies akin to industry leaders can offer Market Street further opportunities to refine and enhance its service offering.
