Cmc Financial Group, LLC (Atlanta)

Name: Cmc Financial Group, LLC
Address: 7000 Central Parkway, Atlanta, GA, 30328
Telephone: (678) 690-8800

Cmc Financial Group, LLC is a large advisory firm based in Atlanta. It manages $167.18 million of regulatory assets for 362 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Georgia, Louisiana, and Texas.

Cmc Financial Group provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cmc Financial Group: assets under management

The assets under management (AUM) of Cmc Financial Group, LLC is $167.18 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $167.18 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $461.81 thousand each.

Cmc Financial Group has custody of $12.73 million in cash and securities for 23 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 59% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in state and local bonds form 14% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cmc Financial Group is high net worth individuals with 63 clients and $146.75 million of assets under management. Among the 8 most similar advisory firms, Cmc Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $167.18 million for 101 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.

Cmc Financial Group doesn't advise any private funds.

Careers at Cmc Financial Group, LLC

The company employs 4 people that are either part- or full-time employees. 50 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
Mark Barry Mccarthy	Member	1 Feb 2009	50% - 75%	1312430
Philip Oraien Catledge	Member & chief compliance officer	1 Feb 2009	50% - 75%	1493580

Based in Atlanta

The principal office where Cmc Financial Group, LLC performs its advisory services is located at 7000 Central Parkway, Atlanta, GA 30328, 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 (678) 690-8800 or by fax 678-690-8900. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at cmcfg.com.