Penn Davis Mcfarland Inc (Dallas)

Name: Penn Davis Mcfarland Inc
Address: 2626 Cole Ave Ste 504, Dallas, TX, 75204
Telephone: 214-871-2772

Penn Davis Mcfarland Inc is a large advisory firm based in Dallas. It manages $447.87 million of regulatory assets for 196 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Texas.

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

Penn Davis Mcfarland: assets under management

The assets under management (AUM) of Penn Davis Mcfarland Inc is $447.87 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 48% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $447.87 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.29 million each.

Penn Davis Mcfarland has custody of $525 thousand in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is government bonds, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Penn Davis Mcfarland Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Samuel Mcfarland serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of John Samuel Mcfarland is high net worth individuals with 94 clients and $419.98 million of assets under management. Among the 7 most similar advisory firms, Penn Davis Mcfarland has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $431.11 million for 131 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.

Penn Davis Mcfarland doesn't advise any private funds.

Careers at Penn Davis Mcfarland Inc

The company employs 10 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No 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.

John Samuel Mcfarland has been acting as President since 1 Mar 1977. Sydney Cronenwett Sharp joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Samuel Mcfarland	President	1 Mar 1977	25% - 50%	4385144
Frederick Mckinney Penn	Sr. vice-president	1 Mar 1977	Other	4385152
John Hopkins Davis	Sr. vice-president	1 Mar 1977	25% - 50%	4385156
Nina Aliene Mcgee	Secretary-treasurer	1 Feb 1979	Other	327539
Robert Van Ogden	Vice-president	1 Sep 1986	25% - 50%	1691063
Robert Ogden	Vice-president	1 Sep 1986	Other	1691063
Sydney Cronenwett Sharp	Chief compliance officer	1 Dec 2010	Other	5231698

Based in Dallas

The principal office where Penn Davis Mcfarland Inc performs its advisory services is located at 2626 Cole Ave Ste 504, Dallas, TX 75204, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-871-2772 or by fax 214-953-0718. The normal business hours are 8:30am-4:30pm on Monday - Friday. You can find more information about the New York firm at pdavis.org.