William Mack & Associates Inc
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Overview
William Mack & Associates Inc operates as an advisory firm headquartered in Troy, Michigan. It manages $649.4 million in total assets over 846 client accounts, making it one of the bigger firms in the country by assets under management (AUM). The firm has a small team, including 7 financial advisors. William Mack & Associates Inc does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal investments like bonds, options and equities.
William Mack & Associates Inc manages the majority of the firm's accounts in a discretionary manner. Discretionary management means that transaction decisions are made by a portfolio manager without requiring client consent. The firm also manages three non-discretionary accounts with a total of $2.0 million in AUM. The investment advisory firm oversees an average of $767,578 for every customer account. The average financial advisor at William Mack & Associates Inc manages about 121 client accounts.
The firm's main office is at 1301 W. Long Lake Rd., Suite 115, Troy, Michigan 48098. It is permitted to serve investors across 13 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
William Mack & Associates Inc by the Numbers
$649.4 million
14
846
$767.6 thousand
Products and Services
Financial services offered by William Mack & Associates Inc include financial planning services and portfolio management for individuals and small businesses. In the last financial year, the company provided financial planning services to 1000 of its clients. It is not engaged in selling products or offering services other than investment advisory services to its investment advisory accounts. It also has a number of financial industry affiliations, including with an accountant or accounting firm.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial management typically vary depending on which services the firm provides the client. However, fee types billed by the firm can include the following fee structures: asset-based or hourly. The company does not supply a wrap fee program, in which the firm offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It caters to retail investors, high net worth investors and pension plans. Out of its 846 customers, William Mack & Associates Inc's biggest client by number of accounts is retail investors, but it also serves 168 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 19.83%
- Other Individuals - 78.39%
- Corporations - 1.77%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
William Mack & Associates Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at William Mack & Associates Inc
Longwood, FL
Harbor Springs, MI
Greenville, SC
Troy, MI
Troy, MI
Troy, MI
Troy, MI
Troy, MI
Southfield, MI
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