Mullaney Keating & Wright Inc (West Hartford)

Name: Mullaney Keating & Wright Inc
Address: 29 South Main Street, West Hartford, CT, 06107
Telephone: 860-521-9900

Mullaney Keating & Wright Inc is a large advisory firm based in West Hartford. It manages $275.64 million of regulatory assets for 423 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 6 other states.

Mullaney Keating & Wright provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mullaney Keating & Wright: assets under management

The assets under management (AUM) of Mullaney Keating & Wright Inc is $275.64 million. The firm's AUM has grown by 111% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $259.47 million in discretionary accounts and $16.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $622.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.7 million.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mullaney Keating & Wright 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 Mullaney Keating & Wright serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mullaney Keating & Wright is high net worth individuals with 66 clients and $177.93 million of assets under management. Among the 12 most similar advisory firms, Mullaney Keating & Wright has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $275.64 million for 180 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.

Mullaney Keating & Wright doesn't advise any private funds.

Careers at Mullaney Keating & Wright Inc

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mary Smith Mullaney	Secretary	1 Jan 1994	Other	2454653
Thomas Francis Mullaney	President, director	1 Jan 1994	50% - 75%	1435044
Thomas Frances Mullaney	President, director	1 Jan 1994	25% - 50%	1435044
Frederick James Keating	Director, executive vice president	1 Dec 1996	25% - 50%	2263828
Forrest Jarrell Wright	Director, evp, compliance officer	1 Dec 1996	25% - 50%	1726398
Anthony Vincent Lynch	Principal	1 Jul 1998	25% - 50%	1298816
Francis C. Carpentier	Principal & chief compliance officer	1 Nov 2003	25% - 50%	2321819
Francis C Carpentier	Senior vice president	1 Nov 2003	Other	2321819

Based in West Hartford

The principal office where Mullaney Keating & Wright Inc performs its advisory services is located at 29 South Main Street, West Hartford, CT 06107, 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 860-521-9900 or by fax 860-521-9905. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at mkwinc.com.