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McAdam LLC Review

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McAdam LLC

McAdam LLC is a financial advisor firm based in Philadelphia, Pennsylvania with just under $407 million in assets under management (AUM). The firm operates secondary branch locations in Chicago, Illinois; Boston, Massachusetts; Tysons Corner, Virginia; and Iselin, New Jersey.

McAdam offers a variety of advisory services, which include financial planning, consulting and investment management services. It is a fee-based firm that works with individuals and high-net-worth individuals, along with a handful of pooled investment vehicles, pension plans and businesses.

McAdam LLC Background

Michael McAdam founded McAdam LLC in 2008 after spending several years as an advisor and field vice president at Ameriprise Financial. The firm started out as a traditional broker-dealer, and it acquired registered investment advisor (RIA) status in 2014. It is wholly owned by Michael McAdam.

The senior leadership at McAdam includes two certified financial planners (CFPs) and one chartered financial analyst (CFA). Some members of its advisory team also hold certifications, including CFPs, CFAs and chartered retirement planning counselors (CRPC).

What Types of Clients Does McAdam LLC Accept?

McAdam LLC works with a range of individuals, high-net-worth individuals, pension and profit sharing plans, pooled investment vehicles and corporations and other business entities. About 90% of the firm's client base is made up of individuals beneath the high-net-worth threshold.

McAdam LLC Minimum Account Sizes

McAdam doesn’t impose a minimum account value or a minimum fee. However, if the firm decides that some portion of your assets should be invested with an independent investment manager, these managers may call for a minimum.

Services Offered by McAdam LLC

McAdam LLC offers financial planning services covering a wide range of topics, in addition to standard consulting and investment management services. Services include, but are not limited to:

  • Investment management services
  • Consulting services
  • Financial planning services
    • Business planning
    • Cash flow forecasting
    • Trusts
    • Estate planning
    • Retirement planning
    • Risk management
    • Insurance planning
    • Charitable giving planning
    • Tax planning

McAdam LLC Investment Philosophy

When it comes to investment advice, McAdam tailors its services to the specific needs of each client. Advisors consult with clients at the outset of their relationship to gain an understanding of risk tolerance, time horizon and other factors that may impact the clients’ investment needs. As your investment characteristics change over time, your advisor will re-evaluate your portfolio's construction.

The firm invests primarily in a blend of mutual funds and exchange-traded funds (ETFs), as well as some limited investments in individual stocks and bonds. When analyzing securities, the firm will typically arrive at a valuation through fundamental analysis, which involves looking at a company's balance sheets and key financial metrics, as well as management and past performance.

Fees Under McAdam LLC

The investment management services at McAdam come with a negotiable fee schedule. These fees are charged in advance, based on the market value of the assets being managed by McAdam on the last day of the previous billing period. Here's a breakdown of the firm's exact fee rates:

Investment Management Fees
Assets Under Management Annual Fee
$0 - $250,000 2.50%
$250,001 - $500,000 2.30%
$500,001 - $1,000,000 1.75%
$1,000,001 - $5,000,000 1.50%
Above $5,000,000 1.25%

For financial planning and consulting clients, McAdam generally charges a fixed fee or a fee based upon the net worth or assets held by the client (even if not managed by McAdam). These fees are negotiable and could change from client to client depending upon the scope and complexity of the services. Fixed-fee rates range from $500 to $25,000, while net worth- and asset-based fees could be up to 2.00%.

What to Watch Out For

As a fee-based firm, certain advisors at McAdam are also registered broker-dealers or insurance agents. In turn, they can earn commissions via certain security and insurance product transactions. This could potentially cause a conflict of interest. However, all McAdam advisors are obligated to act in their clients’ best interests at all times, as they are bound by fiduciary duty.

Disclosures

McAdam LLC has no legal or regulatory disclosures listed on its SEC-filed Form ADV.

Opening an Account With McAdam LLC

If you're interested in working with McAdam LLC, you can get in touch in a number of ways. You can call the firm's headquarters at (888) 614-5323. You can also reach the firm by email at consultation@mcadamfa.com. If you prefer to do things in-person, you can also stop by the firm’s office on JFK Boulevard in Philadelphia.

Where Is McAdam LLC Located?

McAdam LLC's main office is in Philadelphia, Pennsylvania at the intersection of John F Kennedy Boulevard and North 19th Street, just south of Logan Square. Additionally, the firm has offices in Boston, Chicago, Iselin, New Jersey and Tysons Corner, Virginia.

Tips for Finding a Financial Advisor

  • Finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • It can be tough to know how much to save for retirement without knowing what your future expenses might be. Our retirement calculator can help you determine how much you’ll need to save depending on where you want to retire, when you want to retire and other important factors.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research