Mcdaniel & Mcdaniel, Inc. (Lawrence)

Name: Mcdaniel & Mcdaniel, Inc.
Address: 2500 W 31 St St., Lawrence, KS, 66047 3051
Telephone: 785-841-4664

Mcdaniel & Mcdaniel, Inc. is a large advisory firm based in Lawrence. It manages $51 million of regulatory assets for 288 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Kansas, Louisiana, Missouri, and 3 other states.

Mcdaniel & Mcdaniel provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, selection of other advisers, and security ratings or pricing services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mcdaniel & Mcdaniel: assets under management

The assets under management (AUM) of Mcdaniel & Mcdaniel, Inc. is $51 million. The firm's AUM has grown by 34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $50 million in discretionary accounts and $1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $175.44 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $333.33 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mcdaniel & Mcdaniel, Inc. for their services and products based on a percentage of assets under management, hourly charges, commissions, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Mcdaniel & Mcdaniel, Inc.

Wayne Logan Mcdaniel has been acting as President since 1 Dec 1986. Judith Lynn Mcdaniel joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wayne Logan Mcdaniel	President	1 Dec 1986	75% - 100%	706143
Judith Lynn Mcdaniel	Vice president	1 Jan 1987	Other	706142

Based in Lawrence

The principal office where Mcdaniel & Mcdaniel, Inc. performs its advisory services is located at 2500 W 31 St St., Lawrence, KS 66047 3051, 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 785-841-4664 or by fax 785-841-7719. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at www.mcdanielfinancial.com.