Minichmacgregor Wealth Management, LLC (Saratoga Springs)

Name: Minichmacgregor Wealth Management, LLC
Address: 21 Congress Street, Saratoga Springs, NY, 12866
Telephone: (518) 499-4565

Minichmacgregor Wealth Management, LLC is a large advisory firm based in Saratoga Springs. It manages $247.93 million of regulatory assets for 1,927 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Florida, New Hampshire, and 4 other states.

Minichmacgregor Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, educational seminars and workshops, and 401k participant advice. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Minichmacgregor Wealth Management: assets under management

The assets under management (AUM) of Minichmacgregor Wealth Management, LLC is $247.93 million. The firm's AUM has grown by 303% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $238.74 million in discretionary accounts and $9.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $123.96 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $9.19 million.

Investments

The firm invests in investment and business development companies the most. They account for 71% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 14% of the firm’s portfolio. Investments in exchange traded securities form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Minichmacgregor Wealth Management, LLC 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 Minichmacgregor Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Minichmacgregor Wealth Management is individuals with 547 clients and $171.85 million of assets under management. Among the 9 most similar advisory firms, Minichmacgregor Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $247.73 million for 619 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.

Minichmacgregor Wealth Management doesn't advise any private funds.

Careers at Minichmacgregor Wealth Management, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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
James Franklin Minich	Managing member	1 Sep 2009	50% - 75%	1708380
Jason Keith Macgregor	Managing member	1 Sep 2009	50% - 75%	2396461
Michele Anne Tellstone	Chief compliance officer	1 Jan 2016	Other	4296759

Based in Saratoga Springs

The principal office where Minichmacgregor Wealth Management, LLC performs its advisory services is located at 21 Congress Street, Saratoga Springs, NY 12866, which is also the mailing address of the firm. An additional office of the firm is in St. Augustine, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (518) 499-4565 or by fax 518-430-0090. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at mmwealth.com.