William Madison Advisors, Inc. (Abilene)

Name: William Madison Advisors, Inc.
Address: 242 Beech St, Abilene, TX, 79601
Telephone: 325-673-6171

William Madison Advisors, Inc. is a large advisory firm based in Abilene. It manages $268.43 million of regulatory assets for 506 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Oklahoma, Tennessee, Texas, and Virginia.

William Madison Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

William Madison Advisors: assets under management

The assets under management (AUM) of William Madison Advisors, Inc. is $268.43 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $268.43 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $530.5 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 2% 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 William Madison Advisors, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Cary Devon Beard serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cary Devon Beard is high net worth individuals with 88 clients and $140.11 million of assets under management. Among the 11 most similar advisory firms, William Madison Advisors has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $251.57 million for 498 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.

William Madison Advisors doesn't advise any private funds.

Careers at William Madison Advisors, Inc.

The company employs 7 people that are either part- or full-time employees. 29 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
Cary Devon Beard	President/ceo/cco	1 Dec 2017	75% - 100%	4924792

Based in Abilene

The principal office where William Madison Advisors, Inc. performs its advisory services is located at 242 Beech St, Abilene, TX 79601, 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 325-673-6171 or by fax 325-675-5029. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at carterasset.com.