George Mckelvey Co., Inc. (Manasquan)

Name: George Mckelvey Co., Inc.
Address: 2410 State Highway 34, Manasquan, NJ, 08736
Telephone: 732-449-5323

George Mckelvey Co., Inc. is a large advisory firm based in Manasquan. It manages $680.78 million of regulatory assets for 551 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and 15 other states.

George Mckelvey Co. provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

George Mckelvey Co.: assets under management

The assets under management (AUM) of George Mckelvey Co., Inc. is $680.78 million. The firm's AUM has grown by 212% since the beginning of its operation, and $232.56 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $667.49 million in discretionary accounts and $13.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.24 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.02 million.

George Mckelvey Co. has custody of $680.78 million in cash and securities for 551 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 27% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay George Mckelvey Co., Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Robert Augustus Sr Giunco 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 Robert Augustus Sr Giunco is high net worth individuals with 190 clients and $509.07 million of assets under management. Among the 6 most similar advisory firms, George Mckelvey Co. has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $680.78 million for 553 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.

George Mckelvey Co. doesn't advise any private funds.

Careers at George Mckelvey Co., Inc.

The company employs 22 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Robert Augustus Sr Giunco has been acting as President since 1 Feb 2000. Edward Anthony Mccabe joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Gould Mckelvey	President / chief compliance officer	1 Feb 1976	25% - 50%	820698
Richard Looney	Vice-president / treasurer	1 Nov 1999	25% - 50%	1778012
Robert Augustus Jr Giunco	Vice-president / secretary	1 Nov 1999	25% - 50%	1411809
Robert Augustus Sr Giunco	Director	1 Feb 2000	Other	824306
Christopher Alan Lukas	Chief financial officer	1 Feb 2000	Other	3249836
Andrew Thomas Foerst	Chief operating officer	1 Dec 2005	Other	3256568
Edward Anthony Mccabe	Chief financial officer	1 Sep 2008	Other	1252538

Based in Manasquan

The principal office where George Mckelvey Co., Inc. performs its advisory services is located at 2410 State Highway 34, Manasquan, NJ 08736, 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 732-449-5323 or by fax 732-974-9107. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at georgemckelvey.com.