Mcgowan & Co Llp
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Overview
Mcgowan & Co Llp operates as a financial advisory company that has its headquarters in Bryn Mawr, Pennsylvania. The firm has $414.5 million in assets across 235 accounts, making it one of the bigger firms in the country by assets under management (AUM). Mcgowan & Co Llp has a small group, including 3 financial advisors. Mcgowan & Co Llp is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial assets like bonds, options and equities.
Mcgowan & Co Llp manages seven of the firm's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell decisions for the client's account without needing to seek the customer's approval. The company also administers 228 non-discretionary accounts with a total of $410.4 million in assets. The advisory firm's typical account size is $1.8 million. The average financial advisor at Mcgowan & Co Llp manages about 78 client accounts.
The company's main office is located at 937 Glenbrook Ave, Bryn Mawr, Pennsylvania 19010. The firm is legally registered to provide services to customers across a few states, including Delaware, Florida, Georgia, Maryland, New Hampshire, New Jersey, Pennsylvania, Texas and Virginia.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Mcgowan & Co Llp by the Numbers
$414.5 million
3
235
$1.8 million
Fee Structure
Financial advisory fees largely vary depending on the type of services offered. Fees billed by the firm typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.
Available
-
Offered by 69% of firms
Percentage of Assets
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
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
-
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
The company works with retail investors and high net worth investors. Out of its 235 accounts, Mcgowan & Co Llp's biggest client by number of accounts is high net worth investors, but it also serves 165 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are from outside of the U.S.
- High-Net-Worth Individuals* - 70.21%
- Other Individuals - 29.79%
- Corporations - 0%
- 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
Mcgowan & Co Llp does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Mcgowan & Co Llp
Bryn Mawr, PA
Bryn Mawr, PA
Bryn Mawr, PA
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