Mccartney Wealth Management LLC (Saint Louis)

Name: Mccartney Wealth Management LLC
Address: 8777 Big Bend Blvd, Saint Louis, MO, 63119 3778
Telephone: 314-246-0595

Mccartney Wealth Management LLC is a large advisory firm based in Saint Louis. It manages $97.12 million of regulatory assets for 287 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California and Missouri.

Mccartney Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and publication of newsletters. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mccartney Wealth Management: assets under management

The assets under management (AUM) of Mccartney Wealth Management LLC is $97.12 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $97.12 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $338.41 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 94% of the total AUM. The second-largest asset type is exchange traded securities, which make up 3% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mccartney Wealth Management LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Michael Patrick Mccartney serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Michael Patrick Mccartney is high net worth individuals with 53 clients and $82.08 million of assets under management. Among the 8 most similar advisory firms, Mccartney Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $97.12 million for 105 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.

Mccartney Wealth Management doesn't advise any private funds.

Careers at Mccartney Wealth Management LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate 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
Michael Patrick Mccartney	President	1 Jul 2010	75% - 100%	5626907

Based in Saint Louis

The principal office where Mccartney Wealth Management LLC performs its advisory services is located at 8777 Big Bend Blvd, Saint Louis, MO 63119 3778, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 314-246-0595 or by fax 866-241-0595. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at mccwm.com.