Mcgowan & Co LLP (Bryn Mawr)

Name: Mcgowan & Co LLP
Address: 937 Glenbrook Ave, Bryn Mawr, PA, 19010
Telephone: 610-520-2400

Mcgowan & Co LLP is a large advisory firm based in Bryn Mawr. It manages $307.8 million of regulatory assets for 228 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Maryland, New Hampshire, and 4 other states.

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

Mcgowan &: assets under management

The assets under management (AUM) of Mcgowan & Co LLP is $307.8 million. The firm's AUM has grown by 121% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.23 million in discretionary accounts and $306.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $246.65 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.37 million.

Mcgowan & has custody of $83.02 million in cash and securities for 109 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 25% of the firm’s portfolio. Investments in pooled investment vehicles form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mcgowan & Co LLP 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 Mcgowan & serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mcgowan & is high net worth individuals with 134 clients and $272.05 million of assets under management. Among the 9 most similar advisory firms, Mcgowan & has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $307.8 million for 228 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.

Mcgowan & doesn't advise any private funds.

Careers at Mcgowan & Co LLP

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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
Brian Joseph Mcgowan	Partner	1 Aug 1997	Other	4395625
Brendan Michael Mcgowan	Partner/chief compliance officer	1 Jan 1998	25% - 50%	4395628
Brian Joseph Mcgowan	Partner	1 Jan 1998	25% - 50%	4395637

Based in Bryn Mawr

The principal office where Mcgowan & Co LLP performs its advisory services is located at 937 Glenbrook Ave, Bryn Mawr, PA 19010 The mailing address of the firm is 937 Glenbrook Ave, Bryn Mawr, PA 19010. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-520-2400 or by fax 610-520-2181. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at mcgowanco.com.