Mcmill Wealth Inc (Norfolk)

Name: Mcmill Wealth Inc
Address: 125 South 4 Th Street, Norfolk, NE, 68701
Telephone: 402-371-1160

Mcmill Wealth Inc is a large advisory firm based in Norfolk. It manages $302.39 million of regulatory assets for 3,317 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Colorado, and 7 other states.

Mcmill Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mcmill Wealth: assets under management

The assets under management (AUM) of Mcmill Wealth Inc is $302.39 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 $302.39 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $91.17 thousand each.

Investments

The firm invests in pooled investment vehicles the most. They account for 95% 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 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mcmill Wealth Inc 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 Jared Matthew Faltys serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Jared Matthew Faltys is high net worth individuals with 847 clients and $175.96 million of assets under management. Among the 6 most similar advisory firms, Mcmill Wealth has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $302.39 million for 3,117 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.

Mcmill Wealth doesn't advise any private funds.

Careers at Mcmill Wealth Inc

The company employs 50 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. 15 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.

Jared Matthew Faltys has been acting as President since 1 Jan 2009. Clint Andrew Weeder joined the executive team most recently as the Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jared Matthew Faltys	President	1 Jan 2009	50% - 75%	4725174
Nancy Jo Brozek	Vice president	1 Jan 2009	50% - 75%	4722913
Nathan Aubrey Raabe	Chief compliance officer	1 Jan 2017	Other	5562130
Clint Andrew Weeder	Partner	1 Jan 2018	Other	6596555

Based in Norfolk

The principal office where Mcmill Wealth Inc performs its advisory services is located at 125 South 4 Th Street, Norfolk, NE 68701 The mailing address of the firm is P.O. Box 1264, Norfolk, NE 68702 1264. An additional office of the firm is in Omaha, NE. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 402-371-1160 or by fax 402-379-3818. 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 wealthfirm.info.