Mclean Asset Management Corporation (Tysons)

Name: Mclean Asset Management Corporation
Address: 1900 Gallows Road, Tysons, VA, 22182
Telephone: 703-827-0636

Mclean Asset Management Corporation is a large advisory firm based in Tysons. It manages $743.68 million of regulatory assets for 1,792 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Arizona, California, Colorado, and 20 other states.

Mclean Asset Management Corporation provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mclean Asset Management Corporation: assets under management

The assets under management (AUM) of Mclean Asset Management Corporation is $743.68 million. The firm's AUM has grown by 600% since the beginning of its operation, and $1 million of the total AUM is attributable to clients outside of the United States.

The firm manages $660.41 million in discretionary accounts and $83.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $388.02 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $925.22 thousand.

Mclean Asset Management Corporation has custody of $134.69 million in cash and securities for 187 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mclean Asset Management Corporation 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 Mclean Asset Management Corporation serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mclean Asset Management Corporation is high net worth individuals with 215 clients and $539.92 million of assets under management. Among the 12 most similar advisory firms, Mclean Asset Management Corporation has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $743.68 million for 695 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.

Mclean Asset Management Corporation doesn't advise any private funds.

Careers at Mclean Asset Management Corporation

The company employs 24 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dean Takayuki Umemoto	Principal and president	1 Sep 1984	25% - 50%	708206
Alejandro Murguia	Chief compliance officer	1 Jun 2004	Other	4773144
Alejandro Murguia	Vice president	1 Jan 2005	Other	4773144
Virginia Lee Cheung	General counsel	1 Apr 2007	Other	1890026
Karen Umemoto	Shareholder	1 Feb 2010	25% - 50%	5877126
Ryon Patrick Beyer	Chief operating officer	1 Oct 2012	Other	4324382
Eileen Murphy O'connor	Vice president, wealth management	1 Mar 2013	Other	4934500
Af International Asset Management Llc	Shareholder	1 Aug 2014	Other	47-1238721
Alejandro Murguia	Chief compliance officer/ principal/vice president	1 Nov 2014	25% - 50%	4773144
Paula Bonnie Friedman	Principal	1 Jan 2017	Other	5439229
Kimberly Elizabeth Newsom	Chief compliance officer	1 Jul 2018	Other	4530336

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Javier Ardura	Owner	1 Aug 2014	75% - 100%	2317092

Based in Tysons

The principal office where Mclean Asset Management Corporation performs its advisory services is located at 1900 Gallows Road, Tysons, VA 22182, which is also the mailing address of the firm. An additional office of the firm is in Coppell, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-827-0636 or by fax 703-556-8628. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at mcleanam.com/ and its LinkedIn profile.