Mcadam LLC (Philadelphia)

Name: Mcadam LLC
Address: 1880 John F Kennedy Boulevard, Philadelphia, PA, 19103
Telephone: (888) 614-5323

Mcadam LLC is a large advisory firm based in Philadelphia. It manages $406.94 million of regulatory assets for 3,904 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Connecticut, and 26 other states.

Mcadam provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mcadam: assets under management

The assets under management (AUM) of Mcadam LLC is $406.94 million. The firm's AUM has grown by 255% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $406.46 million in discretionary accounts and $487.29 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $104.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $121.82 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is investment and business development companies, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mcadam LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mcadam serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Mcadam is individuals with 2,332 clients and $279.96 million of assets under management. Among the 10 most similar advisory firms, Mcadam has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $405.41 million for 2,436 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.

Mcadam doesn't advise any private funds.

Careers at Mcadam LLC

The company employs 145 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 121 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 Joseph Mcadam	Managing member	1 Oct 2014	75% - 100%	3247724
John Michael Mcadam	Chief compliance officer	1 Oct 2014	Other	5857629
Anthony Joseph Chirchirillo	Chief compliance officer	1 Jan 2015	Other	4439304
Edward Thomas O'brien	Chief compliance officer	1 Nov 2019	Other	5613088

Based in Philadelphia

The principal office where Mcadam LLC performs its advisory services is located at 1880 John F Kennedy Boulevard, Philadelphia, PA 19103, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (888) 614-5323 or by fax (215) 399-9351. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at mcadamfa.com.