Terry Mcdaniel & Company (Austin)

Name: Terry Mcdaniel & Company
Address: 2630 Exposition Blvd Ste 300, Austin, TX, 78703
Telephone: 512-495-9500

Terry Mcdaniel & Company is a large advisory firm based in Austin. It manages $1.04 billion of regulatory assets for 310 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Texas.

Terry Mcdaniel & Company provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Terry Mcdaniel & Company: assets under management

The assets under management (AUM) of Terry Mcdaniel & Company is $1.04 billion. The firm's AUM has grown by 249% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $910.19 million in discretionary accounts and $130.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.98 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $26.02 million.

Terry Mcdaniel & Company has custody of $43.91 million in cash and securities for 164 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is state and local bonds, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Terry Mcdaniel & Company for their services and products based on a percentage of assets under management. 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 Terry Pat Mcdaniel serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Terry Pat Mcdaniel is high net worth individuals with 180 clients and $961.73 million of assets under management. Among the 8 most similar advisory firms, Terry Mcdaniel & Company has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.04 billion for 310 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.

Terry Mcdaniel & Company doesn't advise any private funds.

Careers at Terry Mcdaniel & Company

The company employs 16 people that are either part- or full-time employees. 44 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 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.

Terry Pat Mcdaniel has been acting as President since 1 Jun 1985. Claude Kenneth Turlington joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Terry Pat Mcdaniel	Chairman	1 Jun 1985	75% - 100%	326572
Terry Mcdaniel & Company	President	1 Jun 1985	75% - 100%	104732
Terry Mcdaniel	President	1 Jun 1985	75% - 100%	326572
Kay Lynn Bryan	Chief compliance officer	1 Sep 2004	Other	4501043
Dina Renee Mason	Chief compliance officer	1 Jun 2014	Other	6461791
Claude Kenneth Turlington	President	1 Oct 2014	Other	1316454

Based in Austin

The principal office where Terry Mcdaniel & Company performs its advisory services is located at 2630 Exposition Blvd Ste 300, Austin, TX 78703, 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 512-495-9500 or by fax 512-495-9415. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at tmcdanco.com.