Mmwkm Advisors, LLC (Plano)

Name: Mmwkm Advisors, LLC
Address: 2820 Dallas Parkway, Plano, TX, 75093
Telephone: 469-246-3600

Mmwkm Advisors, LLC is a large advisory firm based in Plano. It manages $4.15 billion of regulatory assets for 19,399 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 32 other states.

Mmwkm Advisors provides financial planning services, portfolio management for individuals and small businesses, and market timing services. It prepares financial plans for approximately 8,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mmwkm Advisors: assets under management

The assets under management (AUM) of Mmwkm Advisors, LLC is $4.15 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 191% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.15 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $213.96 thousand each.

Investments

The firm invests in cash and cash equivalents the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mmwkm Advisors, LLC 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 Mmwkm Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mmwkm Advisors is individuals with 7,447 clients and $2.08 billion of assets under management. Among the 10 most similar advisory firms, Mmwkm Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $4.15 billion for 8,693 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.

Mmwkm Advisors doesn't advise any private funds.

Careers at Mmwkm Advisors, LLC

The company employs 90 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. 38 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Kenneth Alfred Moraif	Managing member	1 Mar 2011	50% - 75%	1934643
Clark Christopher Hatton	Member	1 Mar 2011	Other	2894723
Charles Douglas Dyer	Member	1 Mar 2011	Other	2753350
Elias Robert Dragon	Member	1 Mar 2011	Other	2022048
Douglas Merrill Bartol	Member	1 Mar 2011	Other	1644452
William Robert Frye	Chief compliance officer/director of operations	1 Mar 2011	Other	5704930
David Joseph Cockrum	Chief operating officer	1 Nov 2016	Other	5672561
William Howard Randolph	Chief financial officer	1 Nov 2016	Other	6732356

Based in Plano

The principal office where Mmwkm Advisors, LLC performs its advisory services is located at 2820 Dallas Parkway, Plano, TX 75093, which is also the mailing address of the firm. An additional office of the firm is in Peoria, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 469-246-3600 or by fax 469-246-3696. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at moneymatters.net and its LinkedIn profile.