Macguire, Cheswick & Tuttle Investment Counsel LLC (Darien)

Name: Macguire, Cheswick & Tuttle Investment Counsel LLC
Address: 1020 Boston Post Road, Darien, CT, 06820
Telephone: 203-655-3323

Macguire, Cheswick & Tuttle Investment Counsel LLC is a large advisory firm based in Darien. It manages $565.85 million of regulatory assets for 431 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Connecticut, Florida, and 4 other states.

Macguire, Cheswick & Tuttle Investment Counsel provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and investment, wealth management and family office consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Macguire, Cheswick & Tuttle Investment Counsel: assets under management

The assets under management (AUM) of Macguire, Cheswick & Tuttle Investment Counsel LLC is $565.85 million. The firm's AUM has grown by 122% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $551.71 million in discretionary accounts and $14.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.36 million.

Macguire, Cheswick & Tuttle Investment Counsel has custody of $121.95 million in cash and securities for 46 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in investment and business development companies form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Macguire, Cheswick & Tuttle Investment Counsel LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Macguire, Cheswick & Tuttle Investment Counsel 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 Macguire, Cheswick & Tuttle Investment Counsel is high net worth individuals with 101 clients and $524.2 million of assets under management. Among the 8 most similar advisory firms, Macguire, Cheswick & Tuttle Investment Counsel has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $565.85 million for 149 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Macguire, Cheswick & Tuttle Investment Counsel doesn't advise any private funds.

Careers at Macguire, Cheswick & Tuttle Investment Counsel LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Anthony Macguire	Managing director, portfolio manager, member of investment committee	1 Feb 2009	25% - 50%	315924
David Pierson Tuttle	Managing director, portfolio manager, member of investment committee, chief compliance officer	1 Feb 2009	25% - 50%	4341848
Susan Cheswick Brewer	Managing director, portfolio manager, member of investment committee	1 Feb 2009	25% - 50%	4341772

Based in Darien

The principal office where Macguire, Cheswick & Tuttle Investment Counsel LLC performs its advisory services is located at 1020 Boston Post Road, Darien, CT 06820, 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 203-655-3323 or by fax 203-655-0585. 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 mct-advisors.com/.