Ml&R Wealth Management LLC

CRD#109359
Investment Advisor Firm

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Learn more about Ml&R Wealth Management LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Ml&R Wealth Management LLC is a financial advisory firm based in Austin, Texas. It oversees $1.5 billion in assets across 2,213 client accounts, placing it among the biggest investment advisory firms in the United States by assets under management (AUM). The firm has a small group, including 9 financial advisors. Ml&R Wealth Management LLC does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as equities, bonds and options.

    Ml&R Wealth Management LLC manages 2,190 of the firm's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell judgments for the client's account without requiring the customer's approval. The firm also manages 23 non-discretionary accounts with a total of $9.9 million in assets. The firm manages roughly $695,030 in assets for every account. An average financial advisor at Ml&R Wealth Management LLC administers about 246 client accounts.

    Ml&R Wealth Management LLC's main office is located at 401 Congress Avenue, Austin, Texas 78701. Ml&R Wealth Management LLC is legally permitted to provide services to clients across a few states, including California, Florida, North Carolina, Texas, Virginia and Washington.

    Assets Under Management

    $1.5 billion

    Number of Advisors

    9

    Disclosures

    No

    Office Location

    401 Congress Avenue
    Austin, TX 78701

    Ml&R Wealth Management LLC by the Numbers

    Total Assets Under Management

    $1.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    25

    National Average: 64
    Total Number of Accounts

    2,213

    National Average: 375,227
    Average Account Size

    $695.0 thousand

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees typically vary depending on which service is provided. Fees billed by the firm can be comprised of some blend of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Ml&R Wealth Management LLC.

    Available

    • Offered by 69% 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 21% of firms

      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.

    • Offered by 32% of firms

      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.

    Unavailable

    • Find one of the 1% 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 26% of firms that offer this fee type

      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.

    • Find one of the 0% 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 10% 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 company works with retail investors, high net worth investors, charitable organizations and corporations. Out of its 2,213 customers, Ml&R Wealth Management LLC's biggest client group is high net worth investors, although it also serves 374 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers reside abroad.

    • High-Net-Worth Individuals* - 55.24%
    • Other Individuals - 42.69%
    • Corporations - 0.89%
    • Charitable Organizations - 1.18%

    * 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

    Ml&R Wealth Management LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Ml&R Wealth Management LLC

    Bryce Currier
    Austin, TX
    Scott Adair
    Austin, TX
    Carli Smith
    Austin, TX
    Stefany Quirico Canepa
    Austin, TX
    Joshua Clifford
    Austin, TX
    Marybeth Meyer
    Austin, TX
    Kira Scott
    Austin, TX
    Vanessa Mcelwrath
    Austin, TX
    Sarah Gordon
    Austin, TX

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