Mitchell, Mcleod, Pugh & Williams, Inc. (Mobile)

Name: Mitchell, Mcleod, Pugh & Williams, Inc.
Address: 2610 Dauphin Street, Mobile, AL, 36606
Telephone: 251-471-2027

Mitchell, Mcleod, Pugh & Williams, Inc. is a large advisory firm based in Mobile. It manages $1.05 billion of regulatory assets for 1,296 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 5 other states.

Mitchell, Mcleod, Pugh & Williams provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, publication of newsletters, and fiduciary advice & investment advice to 401(k) plans/participants (see schd. d - misc.), as well as general bookkeeping services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mitchell, Mcleod, Pugh & Williams: assets under management

The assets under management (AUM) of Mitchell, Mcleod, Pugh & Williams, Inc. is $1.05 billion. The firm's AUM has grown by 399% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $750.27 million in discretionary accounts and $297.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $605.55 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.22 million.

Mitchell, Mcleod, Pugh & Williams has custody of $101.64 thousand in cash and securities for 3 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 79% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mitchell, Mcleod, Pugh & Williams, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Douglas Reed Mcleod serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Douglas Reed Mcleod is high net worth individuals with 194 clients and $558 million of assets under management. Among the 12 most similar advisory firms, Mitchell, Mcleod, Pugh & Williams has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.04 billion for 587 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.

Mitchell, Mcleod, Pugh & Williams doesn't advise any private funds.

Careers at Mitchell, Mcleod, Pugh & Williams, Inc.

The company employs 12 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 6 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.

Douglas Reed Mcleod has been acting as President since 1 Jan 2006. Thomas Bragg Van Antwerp joined the executive team most recently as the Director/Shareholder/Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kyle Clarke Pugh	Vice president	1 Oct 2005	25% - 50%	4624873
Douglas Reed Mcleod	Director/shareholder/vice president	1 Jan 2006	25% - 50%	2303143
Kyle Clarke Pugh	Director/shareholder/vice president/secretary/treasurer	1 Jan 2006	25% - 50%	4624873
Richard Mitchell	Director/shareholder/president	1 Jan 2006	25% - 50%	2134844
Marion Carmen Williams	Director/shareholder/vice president	1 Jan 2006	Other	5089591
Katherine Mehlburger Mcginley	Chief compliance officer/shareholder	1 Jan 2006	Other	2765965
Marion Carmen Williams	Vice president	1 Mar 2007	Other	5089591
Thomas Bragg Van Antwerp	Director/shareholder/vice president	1 Apr 2015	Other	4272568

Based in Mobile

The principal office where Mitchell, Mcleod, Pugh & Williams, Inc. performs its advisory services is located at 2610 Dauphin Street, Mobile, AL 36606 The mailing address of the firm is P. O. Box 7338, Mobile, AL 36670 0038. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 251-471-2027 or by fax 251-471-2302. The normal business hours are 8:30 am - 4:30pm on Monday - Friday. You can find more information about the New York firm at mmpw.com.