Mcgee Wealth Management, Inc. (Portland)

Name: Mcgee Wealth Management, Inc.
Address: 12455 Sw 68 Th Avenue, Portland, OR, 97223
Telephone: 503-597-2222

Mcgee Wealth Management, Inc. is a large advisory firm based in Portland. It manages $430.72 million of regulatory assets for 1,316 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Oregon, Texas, and Washington.

Mcgee Wealth Management provides financial planning services, portfolio management for individuals and small businesses, 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.

Mcgee Wealth Management: assets under management

The assets under management (AUM) of Mcgee Wealth Management, Inc. is $430.72 million. The firm's AUM has grown by 101% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $430.72 million in discretionary accounts and $5.5 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $327.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.5 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mcgee Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Judith Ann Mcgee serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Judith Ann Mcgee is high net worth individuals with 118 clients and $248.69 million of assets under management. Among the 9 most similar advisory firms, Mcgee Wealth Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $406.15 million for 607 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.

Mcgee Wealth Management doesn't advise any private funds.

Careers at Mcgee Wealth Management, Inc.

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 5 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Judith Ann Mcgee has been acting as President since 1 Jan 2005. D. Linette Dobbins joined the executive team most recently as the President/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Judith Ann Mcgee	Chairman/ceo	1 Jan 2005	50% - 75%	861504
D. Linette Dobbins	President/chief compliance officer	1 Jan 2005	25% - 50%	1490054

Based in Portland

The principal office where Mcgee Wealth Management, Inc. performs its advisory services is located at 12455 Sw 68 Th Avenue, Portland, OR 97223, 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 503-597-2222 or by fax 503-598-8515. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at mcgeenet.com.