Mcmorgan & Company LLC (San Francisco)

Name: Mcmorgan & Company LLC
Address: One Front Street, San Francisco, CA, 94111
Telephone: 415-788-9300

Mcmorgan & Company LLC is a large advisory firm based in San Francisco. It manages $6.33 billion of regulatory assets for 131 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.

Mcmorgan & Company provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mcmorgan & Company: assets under management

The assets under management (AUM) of Mcmorgan & Company LLC is $6.33 billion. The firm's AUM has gone down by -76% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $6.3 billion in discretionary accounts and $29.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $50.81 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.15 million.

Mcmorgan & Company has custody of $77.36 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 36% of the total AUM. The second-largest asset type is government bonds, which make up 31% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mcmorgan & Company LLC for their services and products based on a percentage of assets under management and performance-based 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 Gary Edward Wendlandt serves?

The firm provides services to pooled investment vehicles and pension and profit sharing plans. The largest group of clients of Gary Edward Wendlandt is pension and profit sharing plans with 30 clients and $2.19 billion of assets under management. Among the 8 most similar advisory firms, Mcmorgan & Company has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $3.83 billion for 34 clients. None of the firm’s clients are foreign persons or businesses.

Mcmorgan & Company also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $10,000,000.

Careers at Mcmorgan & Company LLC

The company employs 26 people that are either part- or full-time employees. 54 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Gary Edward Wendlandt has been acting as President since 1 May 2001. Carmen Racy Choy has served as the Chief Investment Officer since 1 Aug 2012. Llc Mcm Holdings Gp joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
New York Life Investment Management Holdings Llc	Member	1 May 2001	75% - 100%	55-2206682
Gary Edward Wendlandt	Chairman	1 May 2001	Other	4323233
Robert Anthony Anselmi	Vp/secretary	1 May 2001	Other	6268
New York Life Investments	Member	1 May 2001	75% - 100%	55-2206682
Thomas Allan Morton	Chairman emeritus	1 Sep 2001	Other	4345751
Terry Allen O'toole	President & ceo & director	1 Sep 2001	Other	4345753
Paul Francis Morton	Exec vp & coo & director	1 Sep 2001	Other	4345758
Brian Thomas Morton	Exec vp & director	1 Sep 2001	Other	1760028
Melvin William Petersen	Chief investment officer	1 Sep 2001	Other	4345757
Robert Ree Barron	Executive vp	1 Sep 2001	Other	2466878
Michael Paul Graydon	Executive vp	1 Sep 2001	Other	2466856
Robert Mallin Hirsch	General counsel	1 Sep 2001	Other	4345761
Ravi Akhoury	Director	1 Sep 2001	Other	4340834
Stephen Craig Roussin	Director	1 Sep 2001	Other	1441872
Ravindranath Akhoury	Director	1 Sep 2001	Other	823252
Daniel Mark Szente	Chief investment officer	1 Dec 2001	Other	4518081
Michael Edward Sproule	Director	1 Jun 2002	Other	1842826
Brian Thomas Morton	President, board of managers, member	1 Sep 2002	Other	1760028
Gary Edward Wendlandt	Vice chairmain	1 Sep 2002	Other	4323233
Terry Allen O'toole	Chairman	1 Sep 2002	Other	4345753
Robert Ree Barron	Ceo & director	1 Sep 2002	Other	2466878
Mary Modesta Bersot	Chief investment officer	1 Feb 2003	Other	4648363
Terry Allen O'toole	Chairman emeritus	1 Jun 2004	Other	4345753
Vincent James Bencivenga	Chief compliance officer	1 Jun 2004	Other	2683674
Mark Robert Taylor	Managing director, member	1 Jul 2004	Other	2466412
Gary Edward Wendlandt	Chairman	1 Jul 2004	Other	4323233
James Marshal Moss	Ceo, coo & director	1 Dec 2004	Other	2466902
Eliose Cowles	Svp, operations & technology	1 Feb 2005	Other	5512742
Eloise Cowles	Managing director, operations & technology	1 Feb 2005	Other	5512742
David Michael Steele	Chief investment officer	1 Jun 2005	Other	1710472
Anjeannette Marie Schnetz	Associate general counsel/asst secretary	1 Oct 2005	Other	5123320
Brian Andrew Murdock	Manager	1 Jan 2007	Other	1029254
Barry A Schub	Manager	1 Jan 2007	Other	4223404
Maya Naomi Solo	Vp, counsel & secretary	1 Aug 2007	Other	5512409
Mark Edward Flanagan	Chief financial officer	1 Oct 2007	Other	5512408
John F. Scott Santaguida	Ceo & board of managers	1 Jan 2008	Other	5004531
Robert Anthony Anselmi	Manager	1 Jan 2008	Other	6268
Alison Hiers Micucci	Chief compliance officer	1 Mar 2008	Other	2709298
John Yong Kim	Chairman	1 Apr 2008	Other	2010539
John Carmine Siciliano	Manager	1 Jan 2009	Other	1022427
Robert Alan Hills	Chief compliance officer	1 Nov 2009	Other	2389726
Cathy Jean Sabo	Chief compliance officer	1 Aug 2010	Other	2389726
Tony Li Wei Chen	Controller	1 Nov 2010	Other	4769267
Drew Edward Lawton	Member of board of managers	1 Nov 2010	Other	1173631
Christian Mceldowney	Managing director, head of real estate	1 Jan 2011	Other	xxx-xx-xxxx
John Michael Grady	Board of managers	1 Apr 2011	Other	4380203
Yie Hsin Hung	Chairman-board of managers	1 Jan 2012	Other	1586401
Ronald Joseph Bucci	Managing director, member	1 Jul 2012	Other	2849864
Brian Keith Jackson	Managing director, member	1 Jul 2012	Other	2511723
Mark Sig Johnson	Managing director, member	1 Jul 2012	Other	2466907
Andrew S Josef	General counsel and chief compliance officer	1 Jul 2012	Other	4789945
Carmen Racy Choy	Chief investment officer	1 Aug 2012	Other	6179698
Llc Mcm Holdings Gp	Owner	1 Apr 2017	Other	82-0750356
Lp Mcm Holdings	Owner	1 Apr 2017	75% - 100%	82-1297174

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
New York Life Insurance Company	Indirect interest holder	1 Dec 1999	75% - 100%	13-5582869

Based in San Francisco

The principal office where Mcmorgan & Company LLC performs its advisory services is located at One Front Street, San Francisco, CA 94111, which is also the mailing address of the firm. An additional office of the firm is in Burbank, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-788-9300 or by fax 415-616-9398. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at mcmorgan.com.