Drexel Morgan Capital Advisers, Inc. (Radnor)

Name: Drexel Morgan Capital Advisers, Inc.
Address: Three Radnor Corporate Center, Radnor, PA, 19087
Telephone: 610-971-1901

Drexel Morgan Capital Advisers, Inc. is a large advisory firm based in Radnor. It manages $1.17 billion of regulatory assets for 98 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, Delaware, and Pennsylvania.

Drexel Morgan Capital Advisers provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Drexel Morgan Capital Advisers: assets under management

The assets under management (AUM) of Drexel Morgan Capital Advisers, Inc. is $1.17 billion. The firm's AUM has grown by 10% since the beginning of its operation, and $58.19 million of the total AUM is attributable to clients outside of the United States.

The firm manages $190.63 million in discretionary accounts and $979.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.34 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $23.88 million.

Drexel Morgan Capital Advisers has custody of $31.12 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 54% of the total AUM. The second-largest asset type is investment and business development companies, which make up 19% of the firm’s portfolio. Investments in exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Drexel Morgan Capital Advisers, Inc. 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 George Washington Connell serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of George Washington Connell is high net worth individuals with 83 clients and $748.37 million of assets under management. Among the 9 most similar advisory firms, Drexel Morgan Capital Advisers has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $826.56 million for 87 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Drexel Morgan Capital Advisers also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Drexel Morgan Capital Advisers, Inc.

The company employs 10 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

George Washington Connell has been acting as President since 1 Jul 2010. Erich Michael Hickey joined the executive team most recently as the Vice President & Chief Investment Strategist.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Laws Mccabe	Chairman, director, president, ceo	1 May 1980	Other	4380951
Adrea Ann Scaramucci	Chief compliance officer	1 Apr 2005	Other	2834845
Drexel Morgan & Co.	Shareholder	1 Jul 2010	75% - 100%	36-4669069
George Washington Connell	Director	1 Jul 2010	Other	52263
Paul Stuart Rovner	Vice president & director	1 Jan 2011	Other	4486011
Mark Mccarron	Vice president & director	1 Jun 2011	Other	5962263
Lynn Suzanne Erskine	Vice president & senior portfolio manager	1 Jun 2015	Other	2544483
Erich Michael Hickey	Vice president & chief investment strategist	1 Aug 2015	Other	4070423

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
George Washington Connell	Shareholder	1 Nov 2004	75% - 100%	52263

Based in Radnor

The principal office where Drexel Morgan Capital Advisers, Inc. performs its advisory services is located at Three Radnor Corporate Center, Radnor, PA 19087, 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 610-971-1901 or by fax 610-971-1909. The normal business hours are 9:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at drexelmorgancapital.com.