Fee-only financial advisor firm Marco Investment Management (MIM) is an investment management firm headquartered in Atlanta, Georgia. With millions in assets under management (AUM), the firm serves a wide range of individual and institutional clients.
Marco Investment Management Background
Founded in 1998 and owned by Steven S. Marco, Marco Investment Management mainly provides portfolio management services and financial planning services. A number of the firm’s staff memebers hold the chartered financial analyst (CFA) designation.
Marco Investment Management Client Types and Minimum Account Sizes
MIM generally requires an account minimum of $1,000,000 to establish an advisory relationship. The firm serves individuals and high-net-worth individuals, pension and profit sharing plans, corporations, trusts, estates, charitable organizations and government entities. MIM also charges an annual minimum fee of $5,000.
Services Offered by Marco Investment Management
MIM provides portfolio management, active fixed income services, wrap fee programs, retirement plan advisory services and fiduciary management services. The firm’s fiduciary management services consist of discretionary management services, discretionary investment selection services and investment management.
Marco Investment Management Investment Philosophy
MIM says it fosters creative thought and looks to build strong, long-term relationships with its clients. The firm generally invests in common stocks, options and agency, corporate and municipal bonds. When analyzing securities, MIM employs technical and fundamental analysis. In using fundamental analysis, the firm also relies on financial strength ratios, price-to-earnings ratio, dividend yields and growth rate-to-price earnings ratios.
The firm’s primary investment strategies include long- and short-term purchases, margin transactions and option trading/writing.
Fees Under Marco Investment Management
MIM’s portfolio management fees are payable quarterly in arrears. We’ve listed the fee schedule for those below:
|Amount of assets||Management fee|
|Remainder over $10,000,000||0.50%|
The chart below shows estimated fees based on the above schedule:
|Estimated Investment Management Fees at Marco Investment Management*|
|Your Assets||Marco Investment Management Maximum Fee Amount|
|*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.|
Learn more about advisors' typical costs here.
What to Watch Out For
MIM requires a $1,000,000 account minimum for its advisory services and a minimum annual fee of $5,000. If you’re looking for a firm with lower account size requirements, consider using our free financial advisor matching service.
MIM only has one disclosure on its Form ADV. In 2016, the U.S. Securities and Exchange Commission (SEC) accused MIM and Steven Marco of violating the Investment Advisers Act of 1940 and two other rules that pertained to AUM calculation, recordkeeping and the level of adequacy regarding compliance policies and procedures. The firm settled the case with a censure, disgorgement of $124,750.44, prejudgement interest of $7,595.94, a registrant fine of $100,000 and an advisory affiliate fine of $50,000.
Opening an Account With Marco Investment Management
The easiest way to contact the firm is to call (404) 504-8600 or visit its website contact page.
All information was accurate as of the writing of this article.
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