Morton Brown Family Wealth LLC (Allentown)

Name: Morton Brown Family Wealth LLC
Address: 600 W. Hamilton Street, Allentown, PA, 18101
Telephone: 610-709-5072

Morton Brown Family Wealth LLC is a large advisory firm based in Allentown. It manages $111.78 million of regulatory assets for 334 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Pennsylvania.

Morton Brown Family Wealth provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Morton Brown Family Wealth: assets under management

The assets under management (AUM) of Morton Brown Family Wealth LLC is $111.78 million. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $109.02 million in discretionary accounts and $2.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $365.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $76.68 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 38% of the firm’s portfolio. Investments in state and local bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Morton Brown Family Wealth LLC 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 Morton Brown Family Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Morton Brown Family Wealth is high net worth individuals with 54 clients and $98.15 million of assets under management. Among the 8 most similar advisory firms, Morton Brown Family Wealth has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $111.78 million for 101 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.

Morton Brown Family Wealth doesn't advise any private funds.

Careers at Morton Brown Family Wealth LLC

The company employs 5 people that are either part- or full-time employees. 40 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
Kathryn Marie Brown	Managing member, partner, financial advisor and chief compliance officer	1 Jan 2018	50% - 75%	4557865
Dennis Charles Morton	Managing member, partner, financial advisor	1 Jan 2018	50% - 75%	5056676

Based in Allentown

The principal office where Morton Brown Family Wealth LLC performs its advisory services is located at 600 W. Hamilton Street, Allentown, PA 18101, 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 610-709-5072 or by fax 610-709-5073. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at mortonbrownfw.com and its LinkedIn profile.