Greenville, SC Office

Team
Updated today
Madison Avenue Securities, LLC logo

Madison Avenue Securities, LLC

Multi-team

Firm-wide stats for Madison Avenue Securities, LLC

Total advisors

93

Across 46 offices

Clients per advisor

151 Very High

Avg AUM per client

$142,909 Very Low

HNW client ratio

4% Very Low

About

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.

Based on Madison Avenue Securities, LLC

Expertise

Annuities College savings (529s, UTMA, etc.)

Based on Madison Avenue Securities, LLC

Occupation focus

Founder/Business Owner

Based on Madison Avenue Securities, LLC

Location

158 Milestone Way

Greenville SC 29615

Advisors at this office

6

Advisors at this office

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Samuel B

CFP®, Series 66

Greenville, SC

Madison Avenue Securities, LLC

Samuel Bonikowsky is a CFP® with six years of industry experience, currently serving as an advisor at Madison Avenue Securities, LLC since 2021. He also holds a representative position in insurance sales at Phillip Allen, Inc. Prior to his advisory roles, he worked at Greenville Health System (now Prisma Health) from 2014 to 2019. Madison Avenue Securities, LLC provides investment advisory and related services to individuals, charitable institutions, foundations, trusts, and retirement plans, managing approximately $2.0 billion in assets. The firm offers portfolio management, financial planning, and pension consulting, utilizing various account platforms and investment approaches across discretionary and non-discretionary accounts.

Annuities College savings (529s, UTMA, etc.) Founder/Business Owner
user avatar

David K

Series 65

Greenville, SC

Madison Avenue Securities, LLC

David Kuzmic is a financial advisor at Madison Avenue Securities, LLC with Series 65 credentials and two years of industry experience. His prior roles include positions at Phillip Allen, Inc. and New York Life Insurance Company. Kuzmic has also been involved with several organizations outside finance, including Bob Jones University and Greenville Outdoor Living. Madison Avenue Securities provides investment advisory and brokerage services primarily to individual and high-net-worth clients, offering a range of portfolio management options, pension consulting, and college-savings assistance. The firm manages approximately $2.0 billion across multiple advisor-managed and third-party platforms.

Annuities College savings (529s, UTMA, etc.) Founder/Business Owner
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Phillip A

Series 63, Series 65

Greenville, SC

Madison Avenue Securities, LLC

Phillip Allen is a financial advisor with Madison Avenue Securities, LLC in Greenville, SC, holding Series 63 and Series 65 licenses and bringing 40 years of industry experience. He previously worked at Capital Investment Group, Inc. from 2004 to 2017. Outside of his advisory work, Allen hosts two radio shows, one focused on retirement planning and another faith-based program, and manages a farm in Greenville. Madison Avenue Securities, LLC provides investment advisory and related services to individual clients, charitable institutions, foundations, trusts, and employer-sponsored retirement plans, managing approximately $2.0 billion in assets. The firm offers a range of portfolio management and financial planning services across multiple account platforms, utilizing various investment and allocation strategies.

Annuities College savings (529s, UTMA, etc.) Founder/Business Owner
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Emil B

Series 65

Greenville, SC

Madison Avenue Securities, LLC

Emil Brost Jr. is a financial advisor with Madison Avenue Securities, LLC and holds a Series 65 designation. He has two years of industry experience, including roles at AE Wealth Management and Advisors Excel. Brost is also the host of a radio show called Common Sense Retirement Planning. Madison Avenue Securities provides investment advisory and related services to individual clients, charitable institutions, foundations, trusts, and employer-sponsored retirement plans. The firm manages approximately $2.0 billion in assets and offers portfolio management, financial planning, pension consulting, and college-savings services through a network of investment adviser representatives.

Annuities College savings (529s, UTMA, etc.) Founder/Business Owner
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Wesley P

Series 63, Series 66

Greenville, SC

Madison Avenue Securities, LLC

Wesley Palmer is a financial advisor with Madison Avenue Securities, LLC in Greenville, SC, holding Series 63 and Series 66 licenses and 11 years of industry experience. He has worked at Madison Avenue Securities since 2017 and previously at Capital Investment Group, Inc. from 2015 to 2017. Outside of his advisory role, Palmer is involved in fitness coaching and workout design through Virtual Gym, LLC and Team Kattouf Affiliate. Madison Avenue Securities serves individual clients, charitable institutions, foundations, trusts, and retirement plans, managing approximately $2.0 billion in assets. The firm offers a range of investment advisory and financial planning services across multiple account platforms, employing various analytical and allocation strategies.

Annuities College savings (529s, UTMA, etc.) Founder/Business Owner
user avatar

Bryce V

Series 65

Greenville, SC

Madison Avenue Securities, LLC

Bryce Veazey is an advisor at Madison Avenue Securities, LLC with a Series 65 credential and no prior industry experience. He previously held roles outside the financial sector, including work at Royal Alaskan Movers and SSS Offroad. Madison Avenue Securities provides investment advisory and brokerage services to individual and high-net-worth clients, as well as pension consulting and services for charitable institutions. The firm manages approximately $2.0 billion across multiple advisors, offering portfolio management through a variety of models and investment vehicles.

Annuities College savings (529s, UTMA, etc.) Founder/Business Owner
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