Mccay Wealth Advisory LLC (Manchester)

Name: Mccay Wealth Advisory LLC
Address: 624 N Woodland Street, Manchester, TN, 37355
Telephone: 9317282130

Mccay Wealth Advisory LLC is a large advisory firm based in Manchester. It manages $107.28 million of regulatory assets for 813 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Louisiana, Missouri, Tennessee, and Texas.

Mccay Wealth Advisory provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mccay Wealth Advisory: assets under management

The assets under management (AUM) of Mccay Wealth Advisory LLC is $107.28 million. 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 $96.58 million in discretionary accounts and $10.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $136.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $102.86 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mccay Wealth Advisory LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mccay Wealth Advisory serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mccay Wealth Advisory is individuals with 434 clients and $70.45 million of assets under management. Among the 9 most similar advisory firms, Mccay Wealth Advisory has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $104.01 million for 459 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.

Mccay Wealth Advisory doesn't advise any private funds.

Careers at Mccay Wealth Advisory LLC

The company employs 6 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 2 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
Brent Alan Mccay	Managing principal	1 Dec 2016	75% - 100%	5251087
Emily Suzanne Casey	Chief compliance officer	1 Aug 2018	Other	6288399

Based in Manchester

The principal office where Mccay Wealth Advisory LLC performs its advisory services is located at 624 N Woodland Street, Manchester, TN 37355, which is also the mailing address of the firm. An additional office of the firm is in Mcminnville, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 9317282130 or by fax 9317282578. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at mccaywealth.com.