MLD Investment Advisory, Inc.

MLD Investment Advisory, Inc. is a small, independent registered investment adviser that provides discretionary investment management and financial planning services to individuals, pension and profit‑sharing plans, trusts, estates, charitable organizations, and small businesses. The firm offers ongoing portfolio management, written investment strategies, and consultative planning for retirement and education funding, and also acts as a sub‑advisor in the Morningstar Managed Portfolios program.

The firm customizes portfolios using a mix of asset allocation, dollar‑cost averaging, technical analysis, and both long‑ and short‑term trading, with accounts reviewed at least quarterly and the ability for clients to impose written restrictions on investments. It operates with discretionary authority for trading (subject to client limitations), works through established custodians and managed‑account platforms, and directly debits advisory fees from client accounts in accordance with custody rules.

What is distinctive is that the firm’s sole investment professional also maintains registration as a broker‑dealer representative (affiliated with Wedbush Securities) and is a licensed insurance agent, so brokerage transactions and commissionable insurance products may be offered alongside advisory services — a dual role the brochure discloses and flags as a potential conflict of interest. The brochure also highlights the firm’s attention to operational risks that are less commonly disclosed by peers, including periodic due diligence of third‑party service providers that use artificial intelligence and machine learning, and the practice of sub‑advising within a third‑party managed program while serving a very small client base (roughly a dozen clients and under $20 million in AUM).