The Menard Financial Group, LLC (Houston)

Name: The Menard Financial Group, LLC
Address: 2603 Augusta Drive, Houston, TX, 77057
Telephone: 713-364-1515

The Menard Financial Group, LLC is a large advisory firm based in Houston. It manages $203.09 million of regulatory assets for 191 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Louisiana and Texas.

The Menard Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. 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 Menard Financial Group: assets under management

The assets under management (AUM) of The Menard Financial Group, LLC is $203.09 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $203.09 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.06 million each.

The Menard Financial Group has custody of $45.91 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 37% of the total AUM. The second-largest asset type is state and local bonds, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Menard Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 The Menard Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of The Menard Financial Group is high net worth individuals with 17 clients and $193.33 million of assets under management. Among the 6 most similar advisory firms, The Menard Financial Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $203.09 million for 38 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.

The Menard Financial Group doesn't advise any private funds.

Careers at The Menard Financial Group, LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Wayne Menard	Managing member & chief compliance officer	1 Nov 2018	75% - 100%	2279466

Based in Houston

The principal office where The Menard Financial Group, LLC performs its advisory services is located at 2603 Augusta Drive, Houston, TX 77057, 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 713-364-1515 or by fax 713-364-1515. The normal business hours are 8:30 am -5:00 pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/the-menard-financial-group and its LinkedIn profile.