Mcginty Road Partners, Lp

CRD#290390
Investment Advisor Firm

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Overview

Mcginty Road Partners, Lp is a financial advisor firm that has its headquarters in Minneapolis, Minnesota. It manages $74.8 million in assets throughout one account. The firm has a small group of nine employees, five of whom are financial advisors. Mcginty Road Partners, Lp does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal investments such as options, equities and bonds.

Mcginty Road Partners, Lp manages all of its client assets in a discretionary manner. Discretionary management means that an investment advisor makes buy and sell choices for the client's account without requiring client consent. The company's average account size is $74.8 million. An average financial advisor at Mcginty Road Partners, Lp administers fewer than one client account, making it one of the most personalized firms in the country.

The company's central office is at 60 S 6Th Street, Minneapolis, Minnesota 55402. It is permitted to serve investors in the state of Minnesota.

Number of Advisors

5

Disclosures

No

Office Location

60 S 6Th Street
Minneapolis, MN 55402

Mcginty Road Partners, Lp by the Numbers

Total Number of Employees

9

National Average: 4,943
Total Number of Accounts

1

National Average: 2,522
Average Account Size

$74.8 million

National Average: $1.3 million

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Fee Structure

A financial advisor's fees typically are based on which services the firm provides the client. Fee types billed by the company most likely include the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Mcginty Road Partners, Lp.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 37% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm caters to pooled investment vehicles. Mcginty Road Partners, Lp's biggest client is pooled investment vehicles. None of its accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • 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

Mcginty Road Partners, Lp does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA