Mcnamara Financial Services, Inc. (Marshfield)

Name: Mcnamara Financial Services, Inc.
Address: 1020 Plain Street, Marshfield, MA, 02050
Telephone: 781-834-2010

Mcnamara Financial Services, Inc. is a large advisory firm based in Marshfield. It manages $389.28 million of regulatory assets for 2,315 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Connecticut, Florida, and 8 other states.

Mcnamara Financial Services provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mcnamara Financial Services: assets under management

The assets under management (AUM) of Mcnamara Financial Services, Inc. is $389.28 million. The firm's AUM has grown by 79% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $381.87 million in discretionary accounts and $7.41 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $170.48 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $98.86 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 56% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 38% of the firm’s portfolio. Investments in other assets form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mcnamara Financial Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Mcnamara Financial Services serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Mcnamara Financial Services is individuals with 654 clients and $193.85 million of assets under management. Among the 8 most similar advisory firms, Mcnamara Financial Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $389.28 million for 787 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.

Mcnamara Financial Services doesn't advise any private funds.

Careers at Mcnamara Financial Services, Inc.

The company employs 9 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 4 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
Michael Joseph Mcnamara	President & director	1 Dec 2005	75% - 100%	1031558
Alyssa Mcnamara Reed	Chief compliance officer, secretary,treasurer	1 Dec 2005	Other	4948980
Justin Jacobson Mcnamara	Vice president	1 Dec 2005	Other	4609506

Based in Marshfield

The principal office where Mcnamara Financial Services, Inc. performs its advisory services is located at 1020 Plain Street, Marshfield, MA 02050, which is also the mailing address of the firm. An additional office of the firm is in Chelmsford, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-834-2010 or by fax 781-834-2056. The normal business hours are 8:00 a.m to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at mcnamarafinancial.com/.