Mcmillion Capital Management Inc (Greensboro)

Mcmillion Capital Management Inc is a large advisory firm based in Greensboro. It manages $218.94 million of regulatory assets for 373 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Georgia, Maryland, North Carolina, and South Carolina.

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

Mcmillion Capital Management: assets under management

The assets under management (AUM) of Mcmillion Capital Management Inc is $218.94 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 10% since the beginning of its operation, and $1.68 million of the total AUM is attributable to clients outside of the United States.

The firm manages $218.94 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $586.96 thousand each.

Mcmillion Capital Management has custody of $28.23 million in cash and securities for 56 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mcmillion Capital Management Inc 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 Mcmillion Capital Management 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 Mcmillion Capital Management is high net worth individuals with 52 clients and $134.67 million of assets under management. Among the 12 most similar advisory firms, Mcmillion Capital Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $218.94 million for 373 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.

Mcmillion Capital Management doesn't advise any private funds.

Careers at Mcmillion Capital Management Inc

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Mcmillion Associates	Holding co.	1 Apr 1981	75% - 100%	56-1310459

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Donald Clark Mcmillion	President/chief compliance officer	1 Apr 1981	75% - 100%	329820

Based in Greensboro

The principal office where Mcmillion Capital Management Inc performs its advisory services is located at 701 Green Valley Road, Greensboro, NC 27408 The mailing address of the firm is P. O. Box 21447, Greensboro, NC 27420. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 336-274-2491 or by fax 336-273-5736. The normal business hours are 8:30am/5:00pm on Monday - Friday.