SM
Firm Information
Compensation
Fee-Only (AUM)
Number of Advisors
8 advisors
Number of Clients
743 clients
Average Client Portfolio
$1.3M average
Assets Under Management
$996.7M
Fee Structure
Minimum Investment:$1M
Financial Planning:Investment management only
The firm's annual fee for continuous portfolio management ranges from 0.59% to 1.50%, negotiated based on client needs. Discounted rates are available for consolidated assets: 0.99% for over $1MM, 0.88% for over $3MM, and 0.83% for over $10MM. Fees are billed quarterly in advance. A minimum consolidation of $1,000,000 is required within the first calendar year.
Areas of Practice
Investment ManagementHigh Net Worth
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Advisor Information
Office location
200 Crescent Court, #657, Dallas, TX, 75201
Get directionsRegulatory History (2)
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Customer Dispute
November 2013Award / Judgment
Customer Dispute
March 2008Settled
Other Business Activities
Spencer is the president and primary shareholder of McGowan Publishing Company, Inc., which owns the International Bond Exchange website and NetworthRadio. He is also the president of McGowan Group Asset Management, an unaffiliated SEC registered RIA.
Employment History
Current Registrations
Mcgowan Group Asset Management, INC.
August 2010 - Present · 15 yrs 5 mos
Previous Registrations
Wells Fargo Advisors Financial Network, LLC
October 2009 - August 2010 · 10 mos
Wells Fargo Advisors, LLC
February 2001 - October 2009 · 8 yrs 8 mos
State Registrations2 states
FLTX
Advisor
Exams
No exam information available for this advisor.