Mcf Advisors, LLC (Covington)

Name: Mcf Advisors, LLC
Address: 50 E. Rivercenter Blvd.,, Covington, KY, 41011
Telephone: 859-392-8600

Mcf Advisors, LLC is a large advisory firm based in Covington. It manages $1.55 billion of regulatory assets for 3,867 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, California, Florida, and 8 other states.

Mcf Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and bill-payment. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mcf Advisors: assets under management

The assets under management (AUM) of Mcf Advisors, LLC is $1.55 billion. The firm's AUM has grown by 3687% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $982.43 million in discretionary accounts and $568.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $269.68 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.54 million.

Mcf Advisors has custody of $114.18 million in cash and securities for 220 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 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 36% of the firm’s portfolio. Investments in pooled investment vehicles form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mcf Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mcf Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mcf Advisors is pension and profit sharing plans with 48 clients and $906.63 million of assets under management. Among the 9 most similar advisory firms, Mcf Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.55 billion for 2,669 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.

Mcf Advisors doesn't advise any private funds.

Careers at Mcf Advisors, LLC

The company employs 23 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 15 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.

Kristopher J Kellinghaus has served as the Chief Investment Officer since 1 Dec 2017 and David Lee Harris is the Chief Executive Officer of Mcf Advisors, LLC family office. Alyssa Ann Potter joined the executive team most recently as the Vp, Sr. Plan Consultant.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Lee Harris	Partner	1 Jan 2004	50% - 75%	1235595
Robert Bruce Sathe	Partner	1 Jan 2004	50% - 75%	411195
Inc. Mid Central Financial Advisors	Managing member	1 Jan 2004	25% - 50%	31-1066955
Christopher Thomas Cochran	Member	1 Jan 2004	25% - 50%	1034352
Andrew Roy Stout	Chief compliance officer (cco)	1 Sep 2006	Other	5225522
Timothy Andrew Gavin	Chief compliance officer (cco)	1 Jan 2013	Other	5590923
David Lee Harris	Chief executive officer	1 Jan 2017	50% - 75%	1235595
Brittany Browning Manning	Vice president, finance	1 Jan 2017	Other	6424315
Andrew D Sathe	Vice president, senior financial consultant	1 Jan 2017	Other	5781324
Rocke Dean Blair	Director, sales and strategic relationships	1 Jan 2017	Other	2203059
Kristopher J Kellinghaus	Vice president, investments	1 Jan 2017	Other	5397745
Brittany Lauren Manning	Vice president, finance	1 Jan 2017	Other	6424315
Alyssa Ann Potter	Vp, sr. plan consultant	1 Mar 2017	Other	6788492
Kristopher J Kellinghaus	Chief investment officer	1 Dec 2017	Other	5397745

Based in Covington

The principal office where Mcf Advisors, LLC performs its advisory services is located at 50 E. Rivercenter Blvd.,, Covington, KY 41011, which is also the mailing address of the firm. An additional office of the firm is in Lexington, KY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 859-392-8600 or by fax 859-392-8603. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at mcfadvisors.com and its LinkedIn profile.