Macdougall Financial Counseling (Delmont)

Name: Macdougall Financial Counseling
Address: 2364 Route 66, Delmont, PA, 15626
Telephone: 724-468-1300

Macdougall Financial Counseling is a large advisory firm based in Delmont. It manages $312.07 million of regulatory assets for 398 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona and Pennsylvania.

Macdougall Financial Counseling provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Macdougall Financial Counseling: assets under management

The assets under management (AUM) of Macdougall Financial Counseling is $312.07 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $312.07 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $784.11 thousand each.

Macdougall Financial Counseling has custody of $73.41 million in cash and securities for 38 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Macdougall Financial Counseling for their services and products based on a percentage of assets under management, 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.

What kind of clients Macdougall Financial Counseling serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Macdougall Financial Counseling is high net worth individuals with 42 clients and $241.16 million of assets under management. Among the 8 most similar advisory firms, Macdougall Financial Counseling has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $312.07 million for 168 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.

Macdougall Financial Counseling doesn't advise any private funds.

Careers at Macdougall Financial Counseling

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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
Allan Macdougall	Sole proprietor, president,chief compliance officer	1 Dec 2008	75% - 100%	5259130

Based in Delmont

The principal office where Macdougall Financial Counseling performs its advisory services is located at 2364 Route 66, Delmont, PA 15626 The mailing address of the firm is 2364 Route 66, Delmont, PA 15626. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 724-468-1300 or by fax 724-468-1301. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at macdougallfinancial.com.