Mcqueen Financial Advisors Ii, Inc. (Clawson)


Mcqueen Financial Advisors Ii, Inc. is a large advisory firm based in Clawson. It manages $4.16 billion of regulatory assets for 75 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Michigan.

Mcqueen Financial Advisors Ii provides portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mcqueen Financial Advisors Ii: assets under management

The assets under management (AUM) of Mcqueen Financial Advisors Ii, Inc. is $4.16 billion. The firm's AUM has grown by 86% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.58 million in discretionary accounts and $4.16 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.58 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $56.16 million.

Investments

The firm invests in government bonds the most. They account for 42% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 29% of the firm’s portfolio. Investments in state and local bonds form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mcqueen Financial Advisors Ii, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Mcqueen Financial Advisors Ii serves?

The only and largest group of clients of Mcqueen Financial Advisors Ii is banking or thrift institutions with 75 clients and $4.16 billion of assets under management. Among the 9 most similar advisory firms, Mcqueen Financial Advisors Ii has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $4.16 billion for 75 clients. None of the firm’s clients are foreign persons or businesses.

Mcqueen Financial Advisors Ii doesn't advise any private funds.

Careers at Mcqueen Financial Advisors Ii, Inc.

The company employs 24 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No 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 compensates 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
Charles Nelson Mcqueen President & ceo 1 May 1999 50% - 75% 2462295
Heather Lynn Ciurla Vp & chief compliance officer 1 Nov 2004 Other 4900229
Craig Michael Sicilia Managing director 1 Feb 2006 25% - 50% 2063205
Jennifer Teresa Lee Chief compliance officer 1 Aug 2018 Other 7048292

Based in Clawson

The principal office where Mcqueen Financial Advisors Ii, Inc. performs its advisory services is located at 1239 Anderson Road, Clawson, MI 48017, 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 248-548-8400 or by fax 248-282-0397. The normal business hours are 8:30am to 4:30pm on Monday - Friday. You can find more information about the New York firm at m-f-a.com/.

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