Mcrae Capital Management Inc. (Morristown)

Name: Mcrae Capital Management Inc.
Address: 230 Madison Avenue, Morristown, NJ, 07960
Telephone: 973-387-1080

Mcrae Capital Management Inc. is a large advisory firm based in Morristown. It manages $423.71 million of regulatory assets for 246 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of California, Florida, Louisiana, and 6 other states.

Mcrae Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mcrae Capital Management: assets under management

The assets under management (AUM) of Mcrae Capital Management Inc. is $423.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 39% since the beginning of its operation, and $1.07 million of the total AUM is attributable to clients outside of the United States.

The firm manages $423.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.72 million each.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mcrae Capital Management Inc. for their services and products based on a percentage of assets under management 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 Roderick Mcrae serves?

The firm provides services to charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Roderick Mcrae is high net worth individuals with 200 clients and $346.01 million of assets under management. Among the 10 most similar advisory firms, Mcrae Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $423.71 million for 246 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Mcrae Capital Management doesn't advise any private funds.

Careers at Mcrae Capital Management Inc.

The company employs 8 people that are either part- or full-time employees. 50 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 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.

Roderick Mcrae has been acting as President since 1 Jan 1981. Mira Bulawski joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Roderick Mcrae	President	1 Jan 1981	Other	2267938
Roderick Mcrae Iii	Managing partner/chief compliance officer	1 Jan 1997	50% - 75%	2380531
Roderick Mcrae	Vice president	1 Jan 1997	25% - 50%	2380531
Roderick Iii Mcrae	Vice president	1 Jan 1997	25% - 50%	2380531
Peter James Mcrae	Managing partner	1 Mar 2004	50% - 75%	4590393
Mira Bulawski	Vice president	1 Jan 2012	Other	1235767

Based in Morristown

The principal office where Mcrae Capital Management Inc. performs its advisory services is located at 230 Madison Avenue, Morristown, NJ 07960, 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 973-387-1080 or by fax 973-387-1081. The normal business hours are 9 to 5 on Monday - Friday. You can find more information about the New York firm at mcraecapital.com.