Birmingham, AL Office

Madison Avenue Securities (MAS) provides investment advisory and brokerage services primarily to individual and high‑net‑worth clients and also offers pension consulting, college‑savings assistance, and services for charitable institutions, foundations, and trusts. The firm reports managing about $2.0 billion for roughly 14,000 clients across 91 advisors, delivering services through multiple wrap programs, an AE Wealth Management sub‑adviser option, Envestnet portfolios, and direct third‑party manager relationships.

MAS offers both discretionary and non‑discretionary portfolio management and works with clients through advisor‑managed models, third‑party managers, and model portfolios; advisors typically gather client goals and risk tolerance, then implement strategic, tactical, or style‑based allocations using stocks, bonds, mutual funds, ETFs, and alternative vehicles. Individual investment adviser representatives (IARs) are often granted discretion to trade on client accounts, may set fees within firm‑prescribed ranges, and may provide financial planning or one‑time consulting in addition to ongoing asset management.

The firm’s brochure highlights several features that differentiate it from many enterprise advisers: MAS is dually registered and conducts broker‑dealer activity, discloses that it and its IARs receive commissions and insurance‑sales compensation in addition to advisory fees, and maintains affiliated insurance marketing organizations and related entities; these arrangements (including described revenue‑sharing and custodian sweep practices) are identified as potential conflicts of interest. MAS also uses multiple custodial/platform relationships (Pershing for several wrap programs; Schwab/Fidelity for AEWM/Envestnet) and discloses recent regulatory enforcement actions in its filing, details prospective clients may wish to review.