Mcnally Advisors, LLC is a large advisory firm based in Chicago. It manages $244.46 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Illinois.
Mcnally Advisors provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Mcnally Advisors, LLC is $244.46 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 488% since the beginning of its operation, and $22.15 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Mcnally Advisors, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Praful Mittal is pooled investment vehicles with 11 clients and $244.46 million of assets under management. Among the 11 most similar advisory firms, Mcnally Advisors has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $244.46 million for 11 clients. None of the firm’s clients are foreign persons or businesses.
Mcnally Advisors also advises several private funds. Namely, ten private equity funds.
The company employs 12 people that are either part- or full-time employees. 75 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.
Praful Mittal has been acting as President since 1 Jan 2011. Frank Augustus Mcgrew joined the executive team most recently as the Managing Director.
The principal office where Mcnally Advisors, LLC performs its advisory services is located at 151 N. Franklin Street, Chicago, IL 60606, 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 312-357-3710 or by fax 312-629-7609. The normal business hours are 9 a,m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at mcnallycapital.com.