Mcf Advisors, LLC is a large advisory firm based in Covington. It manages $1.55 billion of regulatory assets for 3,867 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, California, Florida, and 8 other states.
Mcf Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and bill-payment. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.
Mcf Advisors: assets under management
The assets under management (AUM) of Mcf Advisors, LLC is $1.55 billion. The firm's AUM has grown by 3687% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $982.43 million in discretionary accounts and $568.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $269.68 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.54 million.
Mcf Advisors has custody of $114.18 million in cash and securities for 220 clients in total but doesn’t act as a qualified custodian.
Investments
The firm invests in investment and business development companies the most. They account for 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 36% of the firm’s portfolio. Investments in pooled investment vehicles form 4% of the total invested assets.
