Mcdonald Partners LLC is a large advisory firm based in Cleveland. It manages $1.11 billion of regulatory assets for 2,522 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 42 other states.
Mcdonald Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Mcdonald Partners LLC is $1.11 billion. The firm's AUM has grown by 148% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Mcdonald Partners LLC for their services and products based on a percentage of assets under management, 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Mcdonald Partners is individuals with 1,089 clients and $519.26 million of assets under management. Among the 6 most similar advisory firms, Mcdonald Partners has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.11 billion for 1,341 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.
Mcdonald Partners also advises several private funds. Namely, seven private equity funds. The minimum investment commitment required of non-related persons ranges from $10,750 to $250,000.
The company employs 53 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. 25 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 receive compensation from other entities for client referrals.
Mcdonald Partners LLC is owned by Rafat Nain Nemry. William Maurice Jr Hegarty has served as the Chief Investment Officer since 1 Sep 2010. Thomas Marion Mcdonald joined the executive team most recently as the Chief Compliance Officer Broker Dealer.
The principal office where Mcdonald Partners LLC performs its advisory services is located at 1301 East 9 Th Street, Cleveland, OH 44114, which is also the mailing address of the firm. An additional office of the firm is in Ann Arbor, MI. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 216-912-0567 or by fax 216-912-1461. The normal business hours are 8:00 til 5:00 on Monday - Friday. You can find more information about the New York firm at mcdonald-partners.com.