Terry Mcdaniel & Company
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Overview
Terry Mcdaniel & Company operates as a financial advisory firm based in Austin, Texas. Terry Mcdaniel & Company handles $1.4 billion in assets under management throughout 355 accounts, making it one of the largest firms in the country by assets under management (AUM). It has a small team, including 7 financial advisors. Terry Mcdaniel & Company is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are tradable financial assets like options, stocks and bonds.
Terry Mcdaniel & Company oversees more than half of its accounts on a discretionary basis. Discretionary management means that a portfolio manager makes transaction decisions without needing client permission. Terry Mcdaniel & Company also manages four non-discretionary accounts totaling $147.2 million in assets under management. The company administers roughly $3.9 million for each customer account. The average financial advisor at Terry Mcdaniel & Company oversees about 51 client accounts, placing it towards the middle in terms of personalization.
Terry Mcdaniel & Company's headquarters is at 2630 Exposition Blvd Ste 300, Austin, Texas 78703. It is allowed to serve customers across 3 states, including California, Texas and Louisiana.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Terry Mcdaniel & Company by the Numbers
$1.4 billion
13
355
$3.9 million
Fee Structure
Financial advisory fees largely are based on which services the firm provides the client. Fees billed by the company typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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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
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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
Terry Mcdaniel & Company provides services to retail investors, high net worth investors and charitable organizations. Out of its 355 customers, Terry Mcdaniel & Company's largest client group by number of accounts is high net worth investors, but it also serves 227 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 deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 63.94%
- Other Individuals - 33.52%
- Corporations - 0%
- Charitable Organizations - 2.54%
* 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
Terry Mcdaniel & Company does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Terry Mcdaniel & Company
Austin, TX
Austin, TX
Austin, TX
Austin, TX
Austin, TX
Austin, TX
Austin, TX
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