Maclendon Wealth Management, LLC (Delray Beach)

Name: Maclendon Wealth Management, LLC
Address: 137 Nw 1 St Avenue, Delray Beach, FL, 33444
Telephone: (561) 293-3520

Maclendon Wealth Management, LLC is a large advisory firm based in Delray Beach. It manages $128.97 million of regulatory assets for 97 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Colorado, Florida, Ohio, and Texas.

Maclendon Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Maclendon Wealth Management: assets under management

The assets under management (AUM) of Maclendon Wealth Management, LLC is $128.97 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $128.97 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.33 million each.

Maclendon Wealth Management has custody of $3.02 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 41% of the total AUM. The second-largest asset type is investment and business development companies, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Maclendon Wealth Management, 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 Maclendon Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, and corporations or other businesses. The largest group of clients of Maclendon Wealth Management is high net worth individuals with 19 clients and $123.84 million of assets under management. Among the 9 most similar advisory firms, Maclendon Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $128.97 million for 45 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.

Maclendon Wealth Management doesn't advise any private funds.

Careers at Maclendon Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 50 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
Robert Karl Ross	Manager / chief compliance officer	1 May 2011	Other	5869750
Llc Interim Holdings	Managing member	1 May 2011	75% - 100%	45-0592675
Jeremy Simms Office	Principal	1 Jun 2011	75% - 100%	4526007
Jessica Anne Decker	Chief compliance officer	1 Jun 2011	Other	5938416
Alyson Austin	Chief compliance officer	1 Oct 2011	Other	5155642
Kevin Christopher Mastaler	Chief compliance officer	1 Sep 2016	Other	5468978

Based in Delray Beach

The principal office where Maclendon Wealth Management, LLC performs its advisory services is located at 137 Nw 1 St Avenue, Delray Beach, FL 33444, 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 (561) 293-3520 or by fax (561) 293-3521. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at maclendon.com.