Mccarthy Grittinger Financial Group, LLC (Milwaukee)

Name: Mccarthy Grittinger Financial Group, LLC
Address: 125 South 84 Th Street, Milwaukee, WI, 53214 1498
Telephone: 414-475-1369

Mccarthy Grittinger Financial Group, LLC is a large advisory firm based in Milwaukee. It manages $255.83 million of regulatory assets for 709 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Illinois, Minnesota, New Hampshire, and Wisconsin.

Mccarthy Grittinger Financial Group provides financial planning services, portfolio management for individuals and small businesses, and client tax prep services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mccarthy Grittinger Financial Group: assets under management

The assets under management (AUM) of Mccarthy Grittinger Financial Group, LLC is $255.83 million. The firm's AUM has grown by 17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $221.92 million in discretionary accounts and $33.91 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $338.8 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $627.95 thousand.

Mccarthy Grittinger Financial Group has custody of $120.54 million in cash and securities for 123 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 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mccarthy Grittinger Financial Group, LLC for their services and products based on a percentage of assets under management and fixed 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 Mccarthy Grittinger Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mccarthy Grittinger Financial Group is high net worth individuals with 94 clients and $201.75 million of assets under management. Among the 6 most similar advisory firms, Mccarthy Grittinger Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $255.83 million for 215 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.

Mccarthy Grittinger Financial Group doesn't advise any private funds.

Careers at Mccarthy Grittinger Financial Group, LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Thomas Mccarthy	President & chief compliance officer	1 Oct 1999	75% - 100%	2176787
Scott David Grittinger	Managing partner & chief compliance officer	1 Jul 2003	75% - 100%	2135193
Michael John Weil	Principal	1 Jan 2005	Other	2195507
Matthew T. Miler	Partner	1 Sep 2014	Other	5294615
Jacqueline Ann Schneider	Partner	1 Sep 2014	Other	5279285

Based in Milwaukee

The principal office where Mccarthy Grittinger Financial Group, LLC performs its advisory services is located at 125 South 84 Th Street, Milwaukee, WI 53214 1498, 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 414-475-1369 or by fax 414-475-0613. The normal business hours are 8:00 to 5:00 central on Monday - Friday. You can find more information about the New York firm at mgfin.com/.