Mcguire Investment Group, LLC (Charlestown)

Name: Mcguire Investment Group, LLC
Address: 4435 Old Post Road, Charlestown, RI, 02813
Telephone: 401-364-5000

Mcguire Investment Group, LLC is a large advisory firm based in Charlestown. It manages $318.55 million of regulatory assets for 616 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Delaware, Florida, Louisiana, and 3 other states.

Mcguire Investment Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mcguire Investment Group: assets under management

The assets under management (AUM) of Mcguire Investment Group, LLC is $318.55 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $318.55 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $517.13 thousand each.

Mcguire Investment Group has custody of $3.08 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mcguire Investment Group, LLC 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 Mcguire Investment Group serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Mcguire Investment Group is high net worth individuals with 92 clients and $261.71 million of assets under management. Among the 9 most similar advisory firms, Mcguire Investment Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $307.56 million for 233 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.

Mcguire Investment Group doesn't advise any private funds.

Careers at Mcguire Investment Group, LLC

The company employs 4 people that are either part- or full-time employees. 75 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dennis Patrick Mcguire	Managing member / cco	1 Aug 2009	50% - 75%	4336544
Sean Michael Mcguire	Member	1 Aug 2016	25% - 50%	5636671
Sean Michael Mcguire	Member	1 Jul 2018	25% - 50%	5636671
Dennis Patrick Mcguire	Managing member / cco	1 Sep 2018	50% - 75%	4336544

Based in Charlestown

The principal office where Mcguire Investment Group, LLC performs its advisory services is located at 4435 Old Post Road, Charlestown, RI 02813, 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 401-364-5000. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at mcguirewealth.com.