Mwm Advisory Services LLC (Louisville)

Name: Mwm Advisory Services LLC
Address: 2600 Meidinger Tower, Louisville, KY, 40202
Telephone: 502-882-4600

Mwm Advisory Services LLC is an adviser based in Louisville. It manages $70.91 million of regulatory assets for 450 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Florida, Indiana, Kentucky, and Ohio.

Mwm Advisory Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mwm Advisory Services: assets under management

The assets under management (AUM) of Mwm Advisory Services LLC is $70.91 million. The firm's AUM has gone down by -40% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $62.22 million in discretionary accounts and $8.69 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $171.89 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $98.71 thousand.

Mwm Advisory Services has custody of $2.71 million in cash and securities for 30 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 38% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in other assets form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mwm Advisory Services 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 Mwm Advisory Services serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mwm Advisory Services is individuals with 238 clients and $27.33 million of assets under management. Among the 3 most similar advisory firms, Mwm Advisory Services has the lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $70.91 million for 316 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.

Mwm Advisory Services doesn't advise any private funds.

Careers at Mwm Advisory Services LLC

The company employs 16 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Thomas Patrick Furlong	Member	1 Jan 2005	Other	2091577
Frank Phillip Hill	Member	1 Jan 2009	Other	2208115
Marcia Johnson Cammack	Member	1 Jan 2009	Other	4039202
Meritrust Holdings Llc	Domestic entity	1 Feb 2010	50% - 75%	61-1350711
John George Kallis	Chief compliance officer	1 Feb 2010	Other	4366410
Jay Gordon Conner	Chief compliance officer	1 Jul 2018	Other	4558898

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Diane Bennett Medley	Partner	1 Mar 2010	25% - 50%	4016244
Stephen Michael Lukinovich	Partner	1 Mar 2010	25% - 50%	4010240

Based in Louisville

The principal office where Mwm Advisory Services LLC performs its advisory services is located at 2600 Meidinger Tower, Louisville, KY 40202, which is also the mailing address of the firm. An additional office of the firm is in Jeffersonville, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 502-882-4600 or by fax 502-882-4601. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at meritrustwm.com.