William Mack & Associates Inc (Troy)

Name: William Mack & Associates Inc
Address: 1301 W. Long Lake Rd., Suite 115, Troy, MI, 48098
Telephone: 248-643-4310

William Mack & Associates Inc is a large advisory firm based in Troy. It manages $481.65 million of regulatory assets for 746 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Florida, and 7 other states.

William Mack & Associates provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

William Mack & Associates: assets under management

The assets under management (AUM) of William Mack & Associates Inc is $481.65 million. The firm's AUM has grown by 191% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $479.49 million in discretionary accounts and $2.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $647.08 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $433.4 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay William Mack & Associates Inc for their services and products based on a percentage of assets under management and hourly charges. 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 William Mack serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of William Mack is high net worth individuals with 132 clients and $306.98 million of assets under management. Among the 6 most similar advisory firms, William Mack & Associates has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $481.65 million for 746 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.

William Mack & Associates doesn't advise any private funds.

Careers at William Mack & Associates Inc

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

William Mack has been acting as President since 1 Apr 1992. Theodore Karl Bugenski joined the executive team most recently as the Chief Compliance Officer, Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Mack	President	1 Apr 1992	75% - 100%	1434254
Theodore Karl Bugenski	Chief compliance officer, vice president	1 Dec 1992	Other	2167202

Based in Troy

The principal office where William Mack & Associates Inc performs its advisory services is located at 1301 W. Long Lake Rd., Suite 115, Troy, MI 48098, which is also the mailing address of the firm. An additional office of the firm is in Bloomfield Hills, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-643-4310 or by fax 248-643-8205. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at wmack.com.