Mokosak Advisory Group, LLC (Urbandale)

Name: Mokosak Advisory Group, LLC
Address: 2900 100 Th Street Suite 102, Urbandale, IA, 50322
Telephone: (515) 223-5404

Mokosak Advisory Group, LLC is a large advisory firm based in Urbandale. It manages $142.78 million of regulatory assets for 874 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Iowa, and Texas.

Mokosak Advisory Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mokosak Advisory Group: assets under management

The assets under management (AUM) of Mokosak Advisory Group, LLC is $142.78 million. The firm's AUM has grown by 37% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $141.21 million in discretionary accounts and $1.56 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $163.44 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $156.36 thousand.

Mokosak Advisory Group has custody of $64.61 million in cash and securities for 210 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mokosak Advisory Group, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Mokosak Advisory Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mokosak Advisory Group is individuals with 301 clients and $81.48 million of assets under management. Among the 8 most similar advisory firms, Mokosak Advisory Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $142.73 million for 337 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.

Mokosak Advisory Group doesn't advise any private funds.

Careers at Mokosak Advisory Group, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Frank Mokosak	Managing member & chief compliance officer	1 Sep 2008	75% - 100%	2520987

Based in Urbandale

The principal office where Mokosak Advisory Group, LLC performs its advisory services is located at 2900 100 Th Street Suite 102, Urbandale, IA 50322, 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 (515) 223-5404 or by fax (515) 223-5436. The normal business hours are 8:30 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at mokosakadvisorygroup.com.