Mcdonald Partners LLC (Cleveland)

Name: Mcdonald Partners LLC
Address: 1301 East 9 Th Street, Cleveland, OH, 44114
Telephone: 216-912-0567

Mcdonald Partners LLC is a large advisory firm based in Cleveland. It manages $1.11 billion of regulatory assets for 2,522 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 42 other states.

Mcdonald Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mcdonald Partners: assets under management

The assets under management (AUM) of Mcdonald Partners LLC is $1.11 billion. The firm's AUM has grown by 148% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $522.3 million in discretionary accounts and $591.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $353.86 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $565.74 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mcdonald Partners LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. 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 Mcdonald Partners serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Mcdonald Partners is individuals with 1,089 clients and $519.26 million of assets under management. Among the 6 most similar advisory firms, Mcdonald Partners has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.11 billion for 1,341 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.

Mcdonald Partners also advises several private funds. Namely, seven private equity funds. The minimum investment commitment required of non-related persons ranges from $10,750 to $250,000.

Careers at Mcdonald Partners LLC

The company employs 53 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. 25 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 receive compensation from other entities for client referrals.

Mcdonald Partners LLC is owned by Rafat Nain Nemry. William Maurice Jr Hegarty has served as the Chief Investment Officer since 1 Sep 2010. Thomas Marion Mcdonald joined the executive team most recently as the Chief Compliance Officer Broker Dealer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Marion Mcdonald	Ceo, owner, rosfp	1 Apr 2005	75% - 100%	326904
Kimberly Ann Rudolph	Director of financial planning services	1 May 2005	Other	xxx-xx-xxxx
Thomas Anthony Yako	Director of managed assets group	1 Dec 2005	Other	3002163
Timothy Patrick Norton	Senior managing director	1 Jun 2006	Other	726982
Audrey Lynn Harris	Chief compliance officer	1 Jul 2007	Other	2256072
Arnold Beatty Mcdonald	Municipal securities principal	1 Jan 2008	Other	5126644
Rafat Nain Nemry	Owner	1 Jan 2008	Other	xxx-xx-xxxx
Arnold Beatty Mcdonald	Financial & operations principal	1 Jan 2009	Other	5126644
William Maurice Jr Hegarty	Chief investment officer	1 Sep 2010	Other	2784174
Devon Frances Mcardle	Owner	1 Sep 2011	Other	2729703
John Edward Iii Mcardle	Owner	1 Sep 2011	Other	5386698
Charles Henry Jr Garrido	Owner	1 Oct 2011	Other	1191231
Rita Mansour	Owner	1 Oct 2011	Other	1968418
Carol Bodenhamer Lavelle	Chief operating officer	1 Oct 2018	Other	4424301
Brian Andrew Mcdonald	Director of private placements	1 Oct 2018	Other	3037343
Lisa Bader Rosenthal	Director of financial planning services	1 Oct 2018	Other	5450876
Genevieve Lynn Dipietro	Director of retirement services	1 Oct 2018	Other	1962133
Thomas Marion Mcdonald	Chief compliance officer - broker dealer	1 Jan 2019	75% - 100%	326904

Based in Cleveland

The principal office where Mcdonald Partners LLC performs its advisory services is located at 1301 East 9 Th Street, Cleveland, OH 44114, which is also the mailing address of the firm. An additional office of the firm is in Ann Arbor, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 216-912-0567 or by fax 216-912-1461. The normal business hours are 8:00 til 5:00 on Monday - Friday. You can find more information about the New York firm at mcdonald-partners.com.