Mcmahon Financial Advisors, LLC (Pittsburgh)

Name: Mcmahon Financial Advisors, LLC
Address: 650 Washington Road, Pittsburgh, PA, 15228
Telephone: 412-343-8700

Mcmahon Financial Advisors, LLC is a large advisory firm based in Pittsburgh. It manages $212.8 million of regulatory assets for 1,505 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.

Mcmahon Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mcmahon Financial Advisors: assets under management

The assets under management (AUM) of Mcmahon Financial Advisors, LLC is $212.8 million. The firm's AUM has grown by 112% since the beginning of its operation, and $205.58 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $207.88 million in discretionary accounts and $4.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $138.31 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.46 million.

Mcmahon Financial Advisors has custody of $8.79 million in cash and securities for 100 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 18% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mcmahon Financial Advisors, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mcmahon Financial Advisors serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mcmahon Financial Advisors is high net worth individuals with 56 clients and $112.19 million of assets under management. Among the 11 most similar advisory firms, Mcmahon Financial Advisors has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $212.8 million for 433 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.

Mcmahon Financial Advisors doesn't advise any private funds.

Careers at Mcmahon Financial Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 6 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.

Antonio Emilio Morello has served as the Chief Investment Officer since 1 Nov 2015. Mary Elizabeth Keegan joined the executive team most recently as the Chief Counsel.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Sean Mcmahon	Managing member	1 Oct 2014	75% - 100%	1637681
Megan Marie Petruska	Chief compliance officer	1 Oct 2014	Other	5041200
Gregory Robert Dukes	Chief operations officer	1 Oct 2014	Other	4441372
Brian Meyer	Chief compliance officer	1 Oct 2014	Other	5791474
Antonio Emilio Morello	Chief investment officer	1 Nov 2015	Other	2370735
Mary Elizabeth Keegan	Chief counsel	1 Jul 2018	Other	7058741

Based in Pittsburgh

The principal office where Mcmahon Financial Advisors, LLC performs its advisory services is located at 650 Washington Road, Pittsburgh, PA 15228, which is also the mailing address of the firm. An additional office of the firm is in Fleming Island, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 412-343-8700 or by fax 412-343-8701. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at mcmahonfa.com.