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
- 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%|
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.
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 email@example.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.
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