Mascagni Wealth Management, Inc. (Clinton)


Mascagni Wealth Management, Inc. is a large advisory firm based in Clinton. It manages $155.68 million of regulatory assets for 1,099 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Louisiana, Mississippi, and Texas.

Mascagni Wealth Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and financial consulting on topics such as personal finances, education savings, divorce planning, rollover analysis, business succe. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mascagni Wealth Management: assets under management

The assets under management (AUM) of Mascagni Wealth Management, Inc. is $155.68 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $155.68 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $141.66 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 84% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mascagni Wealth Management is individuals with 378 clients and $82.45 million of assets under management. Among the 10 most similar advisory firms, Mascagni Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $151.46 million for 428 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.

Mascagni Wealth Management doesn't advise any private funds.

Careers at Mascagni Wealth Management, Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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
Julius Randall Mascagni President, chief compliance officer, chief executive officer, chief financial officer, chief operations officer 1 Sep 1990 75% - 100% 1833071
Julius Randall Mascagni Chief compliance officer 1 Nov 2003 75% - 100% 1833071
Matthew Patrick Brown Vice president of financial planning 1 Jan 2010 Other 2848369
Julie Kay Sanders Vice president of client administrative services 1 Jan 2010 Other 2275001

Based in Clinton

The principal office where Mascagni Wealth Management, Inc. performs its advisory services is located at 205 E. Main Street, Clinton, MS 39056, 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 601-925-8099 or by fax 601-925-8066. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at mascagniwealth.com.