# Macdougall Financial Counseling

> Macdougall Financial Counseling is an SEC-registered investment advisory firm in Delmont, PA, registered since 1989, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 5, 2026.

- CRD: 104644
- Filed as: MACDOUGALL FINANCIAL COUNSELING
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Delmont, PA
- Filing period: October 2026
- Form ADV filing dated: August 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104644
- AdvisorCensus page: https://advisorcensus.com/firm/macdougall-financial-counseling-delmont-pa-104644

## Quick answers

**How is Macdougall Financial Counseling compensated?**
On its Form ADV (Item 5.E, October 2026), Macdougall Financial Counseling reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); commissions.

**Where is Macdougall Financial Counseling located?**
Macdougall Financial Counseling's principal office is in Delmont, PA, according to its Form ADV.

**Is Macdougall Financial Counseling registered with the SEC or a state?**
Macdougall Financial Counseling is an SEC-registered investment advisory firm, registered since 1989. Status as filed: Approved. CRD 104644.

**How much does Macdougall Financial Counseling manage?**
Macdougall Financial Counseling reports $424,811,192 in regulatory assets under management in its Form ADV filing dated August 5, 2026 (100% discretionary).

**How have Macdougall Financial Counseling's assets and staff changed since 2021?**
In the Form ADV data for Macdougall Financial Counseling: Regulatory assets under management: $399,104,513 in the October 2021 data and $424,811,192 in the October 2026 data, up 6%. Total employees: 3 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Macdougall Financial Counseling serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (73); individuals (other than high net worth individuals) (43); charitable organizations (8).

**Does Macdougall Financial Counseling report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104644

**Does Macdougall Financial Counseling state an account minimum?**
Its Form ADV Part 2A brochure dated August 5, 2026 says: "There are no minimum requirements for opening or maintaining an account."

**What changed in Macdougall Financial Counseling's recent Form ADV filings?**
In the September 2026 filing data: Employees performing advisory functions went from 2 to 4. Registered or notice-filed in MA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Commissions

### Fees and minimums (Form ADV Part 2A brochure dated August 5, 2026)

- Account minimum: None

> There are no minimum requirements for opening or maintaining an account.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $424,811,192
- Discretionary: $424,811,192
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 43 | $16,814,521 |
| High net worth individuals | 73 | $384,823,817 |
| Charitable organizations | 8 | $23,172,854 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1989 (37 years)
- Employees: 4 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, MA, PA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- macdougallfinancial.com
- LinkedIn @MACDOUGALL-FINANCIAL-COUNSELING

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $399,104,513 | 3 | March 4, 2021 |
| October 2022 | $436,101,941 | 3 | March 4, 2022 |
| October 2023 | $333,837,538 | 3 | March 21, 2023 |
| October 2024 | $379,967,188 | 3 | March 13, 2024 |
| October 2025 | $412,271,434 | 3 | March 13, 2025 |
| October 2026 | $424,811,192 | 4 | August 5, 2026 |

Regulatory assets under management: $399,104,513 in the October 2021 data and $424,811,192 in the October 2026 data, up 6%.
Total employees: 3 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Employees performing advisory functions went from 2 to 4.
- Registered or notice-filed in MA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Macdougall Financial Counseling (CRD 104644): Form ADV filing data as of October 2026.