Mdk Financial Group, Inc. is a large advisory firm based in Houston. It manages $182.64 million of regulatory assets for 1,191 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Texas.
Mdk Financial Group provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Mdk Financial Group, Inc. is $182.64 million. The firm's AUM has grown by 5% since the beginning of its operation, and $8.94 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Mdk Financial Group, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Mdk Financial Group is individuals with 433 clients and $97.34 million of assets under management. Among the 6 most similar advisory firms, Mdk Financial Group has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $182.64 million for 484 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.
Mdk Financial Group doesn't advise any private funds.
The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
The principal office where Mdk Financial Group, Inc. performs its advisory services is located at 1912 Branard St., Houston, TX 77098, 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 713-665-3880 or by fax 713-665-3884. 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 mdkfinancialgroup.com.