Brown Mcleod, Inc (Fairhope)

Name: Brown Mcleod, Inc
Address: 54 S. Greeno Road, Fairhope, AL, 36532
Telephone: 251-928-9498

Brown Mcleod, Inc is a large advisory firm based in Fairhope. It manages $163.34 million of regulatory assets for 530 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Florida, Louisiana, Mississippi, and Texas.

Brown Mcleod provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Brown Mcleod: assets under management

The assets under management (AUM) of Brown Mcleod, Inc is $163.34 million. The firm's AUM has grown by 51% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $160.63 million in discretionary accounts and $2.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $309.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $246.69 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brown Mcleod, Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Daniel Scott Mcleod serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Daniel Scott Mcleod is high net worth individuals with 66 clients and $96.31 million of assets under management. Among the 5 most similar advisory firms, Brown Mcleod has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $163.34 million for 201 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.

Brown Mcleod doesn't advise any private funds.

Careers at Brown Mcleod, Inc

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.

Daniel Scott Mcleod has been acting as President since 1 Nov 2010. Joshua Wyatt Lancaster joined the executive team most recently as the Chief Compliance Officer & Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Scott Mcleod	President/chief compliance officer	1 Nov 2010	75% - 100%	2752145
Joshua Wyatt Lancaster	Chief compliance officer & chief investment officer	1 Mar 2019	Other	2424549

Based in Fairhope

The principal office where Brown Mcleod, Inc performs its advisory services is located at 54 S. Greeno Road, Fairhope, AL 36532, 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 251-928-9498. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at brownfinancialadvisory.com and its LinkedIn profile.