Mcdermott Investment Advisors, LLC
Assets Under Management
$211.0M
Number of Clients
709
Number of Advisors
11
Average Client AUM
$298K
AUM per Advisor
$19.2M
Compensation
Commission-BasedFee-Only (AUM)Fixed/Hourly
About This Firm
McDermott Investment Advisors, LLC provides personalized investment advisory services including portfolio management, financial planning, and selection of other advisors. They tailor investment advice to meet client needs, objectives, and risk tolerance, monitoring portfolios and rebalancing as needed. They may use sub-advisors and third-party models.
Fee Structure
For managing your investments, you'll pay an annual fee based on the value of your account. The fee is 2.00% for assets between $25,000 and $500,000, 1.50% for assets between $500,001 and $1,000,000, and 1.00% for assets above $1,000,001. These fees include charges from sub-advisors, model providers, and custodians. Financial planning is billed hourly at $200/hour, and is negotiable. A minimum of $100,000 is generally required to open a discretionary asset management account, but this may be waived. Fees may be negotiable for accounts over $2.5 million or for related family accounts.
Areas of Practice
Location
780 Fifth Avenue South, Suite 200, Naples, FL, 34102