Miai, Inc. (Dallas)

Name: Miai, Inc.
Address: 12222 Merit Dr, Dallas, TX, 75251
Telephone: 214-739-5677

Miai, Inc. is a large advisory firm based in Dallas. It manages $323.62 million of regulatory assets for 697 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Colorado, New Mexico, and Texas.

Miai provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Miai: assets under management

The assets under management (AUM) of Miai, Inc. is $323.62 million. The firm's AUM has grown by 362% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $288.29 million in discretionary accounts and $35.32 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $487.81 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $333.25 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Miai, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Daniel Clifton Dooley serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Daniel Clifton Dooley is individuals with 668 clients and $249.42 million of assets under management. Among the 9 most similar advisory firms, Miai has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $323.62 million for 697 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Miai doesn't advise any private funds.

Careers at Miai, Inc.

The company employs 12 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Daniel Clifton Dooley has been acting as President since 1 Oct 2015. Laurie Michele Moore joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Clifton Dooley	Chairman of the board	1 Nov 2000	75% - 100%	1699483
William Bruce Robinson	President	1 Nov 2000	Other	1572652
Lucinda Veronica Fairfield	Vice president	1 Aug 2002	Other	865261
Cynthia Elizabeth Besek	Secretary	1 Aug 2002	Other	1669039
Laurie Michele Moore	Chief compliance officer	1 Jan 2009	Other	2020784
Laurie Michele Markum	Chief compliance officer	1 Jan 2009	Other	2020784
Daniel Clifton Dooley	President	1 Oct 2015	75% - 100%	1699483

Based in Dallas

The principal office where Miai, Inc. performs its advisory services is located at 12222 Merit Dr, Dallas, TX 75251, which is also the mailing address of the firm. An additional office of the firm is in Corsicana, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-739-5677 or by fax 214-739-0166. The normal business hours are 8:30 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at maplewoodinvestments.com.