Monetary Management Group Inc (St Louis)

Monetary Management Group Inc is a large advisory firm based in St Louis. It manages $378.56 million of regulatory assets for 303 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Illinois, Michigan, Missouri, and Texas.

Monetary Management Group provides portfolio management for individuals and small businesses and 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.

Monetary Management Group: assets under management

The assets under management (AUM) of Monetary Management Group Inc is $378.56 million. The firm's AUM has grown by 304% since the beginning of its operation, and $19 million of the total AUM is attributable to clients outside of the United States.

The firm manages $363.31 million in discretionary accounts and $15.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.32 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $544.54 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is state and local bonds, which make up 8% of the firm’s portfolio. Investments in government bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Monetary Management Group Inc 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 Thomas George 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 Thomas George Wright is high net worth individuals with 101 clients and $191.3 million of assets under management. Among the 6 most similar advisory firms, Monetary Management Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $378.56 million for 145 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.

Monetary Management Group doesn't advise any private funds.

Careers at Monetary Management Group Inc

The company employs 6 people that are either part- or full-time employees. 100 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.

Thomas George Wright has been acting as President since 1 Feb 1983. Lisa Wright Brunts joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas George Wright	Ceo/chief investment officer/director	1 Feb 1983	75% - 100%	1055948
Tom George Wright Jr	President/chief compliance officer	1 Jan 1998	Other	1964278
Gayle Hornsey Wright	Vice president/director	1 Jan 1998	25% - 50%	2219614
Tom George Wright	Vice president	1 Jan 1998	Other	1964278
Lisa Wright Brunts	Shareholder	1 Mar 2000	Other	4477517
Kathleen Anne Gorman	Shareholder	1 Mar 2000	Other	2685633
Elizabeth Ann Wright	Shareholder	1 Mar 2000	Other	4477520

Based in St Louis

The principal office where Monetary Management Group Inc performs its advisory services is located at 13537 Barrett Parkway Drive, St Louis, MO 63021, 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 314-909-0646 or by fax 314-909-0962. The normal business hours are 8:00am to 5:00pm on Monday - Friday.