Wallace E. Sheely

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CRD#: 851609

Professional summary

Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.

That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.

Wallace Efford Sheely was a registered financial advisor .

Wallace is a previously registered financial advisor and started their career in finance in 1978. Wallace had worked at 7 firms and has passed the Series 65, Series 63, SIE, Series 7, Series 9, Series 10, Series 53, Series 24, Series 4 and Series 12 exams.

Question & Answer

Are you a "fiduciary"?

Aliases

None

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Past

August 29, 2013 - December 31, 2014

AMERICAN WEALTH MANAGEMENT, INC.

RIA

CRD#: 25536

Biloxi, MS

Past

December 15, 2010 - December 31, 2011

AMERICAN WEALTH MANAGEMENT, INC.

RIA

CRD#: 25536

Biloxi, MS

Past

December 6, 2010 - November 5, 2024

AMERICAN WEALTH MANAGEMENT, INC.

CRD#: 25536

Biloxi, MS

Past

February 27, 2009 - October 29, 2010

OSAIC SERVICES, INC.

RIA

CRD#: 133763

BILOXI, MS

Past

January 22, 2007 - February 27, 2009

THOMPSON, DIAZ, BAXTER AND ASSOC.

RIA

CRD#: 116518

BILOXI, MS

Past

December 13, 2006 - October 29, 2010

OSAIC SERVICES, INC.

CRD#: 133763

BILOXI, MS

Past

September 13, 2000 - December 18, 2006

STIFEL, NICOLAUS & COMPANY, INCORPORATED

RIA

CRD#: 793

JACKSON, MS

Past

August 30, 2000 - December 18, 2006

STIFEL, NICOLAUS & COMPANY, INCORPORATED

CRD#: 793

JACKSON, MS

Past

July 9, 1997 - September 12, 2000

BIRCHTREE FINANCIAL SERVICES LLC

CRD#: 15014

MINNEAPOLIS, MN

Past

September 26, 1978 - May 29, 1997

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

CRD#: 7691

NEW YORK, NY

Past

May 1, 1978 - September 26, 1978

MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.

CRD#: 572

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

AMERICAN WEALTH MANAGEMENT, INC.

CRD#: 25536 / SEC#: 801-66163, 8-41807

RIA

Registered Investment Advisory firm - SEC (1/30/2006 Approved)

Arizona

Registered Investment Advisory firm - SEC (11/28/2023 Terminated)

Florida

Registered Investment Advisory firm - SEC (2/27/2006 Terminated)

Georgia

Registered Investment Advisory firm - SEC (2/27/2006 Terminated)

Texas

Registered Investment Advisory firm - SEC (2/27/2006 Terminated)

Terminated by SEC on 12/02/2024

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.

Exams

State Security Law Exam

IAR

Series 65

Date: 11/23/1994

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 5/21/1981

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 4/15/1978

General Securities Representative Examination

Principal/Supervisory Exam

Series 9

Date: 1/2/2023

General Securities Sales Supervisor - Options Module Examination

Principal/Supervisory Exam

Series 10

Date: 1/2/2023

General Securities Sales Supervisor - General Module Examination

Principal/Supervisory Exam

Series 53

Date: 4/28/1993

Municipal Securities Principal Examination

Principal/Supervisory Exam

Series 24

Date: 10/13/1981

General Securities Principal Examination

Principal/Supervisory Exam

Series 4

Date: 8/1/1980

Registered Options Principal Examination

Principal/Supervisory Exam

Series 12

Date: 7/24/1980

NYSE Branch Manager Examination

Current Firm

AMERICAN WEALTH MANAGEMENT, INC.

CRD#: 25536 / SEC#: 801-66163, 8-41807

RIA

Registered Investment Advisory firm - SEC (1/30/2006 Approved)

Arizona

Registered Investment Advisory firm - SEC (11/28/2023 Terminated)

Florida

Registered Investment Advisory firm - SEC (2/27/2006 Terminated)

Georgia

Registered Investment Advisory firm - SEC (2/27/2006 Terminated)

Texas

Registered Investment Advisory firm - SEC (2/27/2006 Terminated)

Terminated by SEC on 12/02/2024

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Contact information

Main Address

3480 Preston Ridge Road Suite 500, Alpharetta, GA 30005

Mailing Address

Phone number

(770) 392-8741

Established

Georgia since 11/21/1989

Firm type

Corporation

Fiscal year end

December

Firm Size

Small

# of Employees

SEC notice filing (14 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

AMERICAN WEALTH MANAGEMENT, INC. (10/1/2025)

Direct owners and executive officers

Name	Position	CRD#
BORZELLO, JEROME AUGUST	CHIEF COMPLIANCE OFFICER/PRES./CFO	801913
BORZELLO, GAVIN MATTHEW	CHIEF AML OFFICER	3242246

Regulatory assets under management

Total Number of Accounts	1,219
AUM (Assets Under Management)	$ 309,865,000

Disclosures

Regulatory Event	6
Arbitration	1

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Advisor Monitoring

Firm Stability Insights

Wallace E. Sheely

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

AMERICAN WEALTH MANAGEMENT, INC.

AMERICAN WEALTH MANAGEMENT, INC.

OSAIC SERVICES, INC.

THOMPSON, DIAZ, BAXTER AND ASSOC.

OSAIC SERVICES, INC.

STIFEL, NICOLAUS & COMPANY, INCORPORATED

STIFEL, NICOLAUS & COMPANY, INCORPORATED

BIRCHTREE FINANCIAL SERVICES LLC

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.

Primary Firm SEC Registration

AMERICAN WEALTH MANAGEMENT, INC.

State Registrations and Notice Filings

Exams

Series 65

Date: 11/23/1994

Series 63

Date: 5/21/1981

SIE

Date: 10/1/2018

Series 7

Date: 4/15/1978

Series 9

Date: 1/2/2023

Series 10

Date: 1/2/2023

Series 53

Date: 4/28/1993

Series 24

Date: 10/13/1981

Series 4

Date: 8/1/1980

Series 12

Date: 7/24/1980

Current Firm

AMERICAN WEALTH MANAGEMENT, INC.

Contact information

SEC notice filing (14 States and Territories)

Documents

Part 2 Brochures

Direct owners and executive officers

Regulatory assets under management

Disclosures

Red Flags

Company Information

AMERICAN WEALTH MANAGEMENT, INC.

TRUST BUT VERIFY

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