Mcdonald Investments Inc. is a large advisory firm based in Cleveland. It manages $6.2 billion of regulatory assets for 12,887 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arkansas, and 44 other states.
Mcdonald Investments provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
Mcdonald Investments: assets under management
The assets under management (AUM) of Mcdonald Investments Inc. is $6.2 billion. The firm's AUM has grown by 178% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $5.55 billion in discretionary accounts and $652.05 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $545.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $239.19 thousand.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Mcdonald Investments Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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.
Careers at Mcdonald Investments Inc.
Robert G. Jones has been acting as President since 1 Mar 2001. Douglas William Preiser joined the executive team most recently as the Chief Executive Officer.
Direct owners and executive officers
Based in Cleveland
The principal office where Mcdonald Investments Inc. performs its advisory services is located at Mcdonald Investments Center, Cleveland, OH 44114, which is also the mailing address of the firm. An additional office of the firm is in Cincinnati, OH. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 216-443-2300 or by fax 216-563-2065. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at mcdinvest.com.
