Mcgowan Group Asset Management, INC.
Assets Under Management
$996.7M
Number of Clients
743
Number of Advisors
8
Average Client AUM
$1.3M
AUM per Advisor
$124.6M
Compensation
Fee-Only (AUM)
About This Firm
MGAM offers wrap fee programs and manages accounts based on client's objectives, financial goals, and risk tolerance, using multiple asset class, cash flow-based model portfolios. They gather client information to assist with allocation strategy. Clients are expected to notify MGAM of any changes in their financial situation or investment objectives.
Fee Structure
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
Location
300 Crescent Court, #1776, Dallas, TX, 75201