# McGowan & Co LLP

> McGowan & Co LLP is an SEC-registered investment advisory firm in Bryn Mawr, PA, registered since 1999, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 17, 2026.

- CRD: 108736
- Filed as: MCGOWAN & CO LLP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bryn Mawr, PA
- Filing period: October 2026
- Form ADV filing dated: April 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/108736
- AdvisorCensus page: https://advisorcensus.com/firm/mcgowan-and-co-llp-bryn-mawr-pa-108736

## Quick answers

**How is McGowan & Co LLP compensated?**
On its Form ADV (Item 5.E, October 2026), McGowan & Co LLP reports these compensation arrangements: a percentage of assets under its management.

**How much does McGowan & Co LLP charge?**
Its Form ADV Part 2A brochure dated March 24, 2026 states: Asset-based fee: 0.5% to 0.9% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is McGowan & Co LLP located?**
McGowan & Co LLP's principal office is in Bryn Mawr, PA, according to its Form ADV.

**Is McGowan & Co LLP registered with the SEC or a state?**
McGowan & Co LLP is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 108736.

**How much does McGowan & Co LLP manage?**
McGowan & Co LLP reports $655,611,187 in regulatory assets under management in its Form ADV filing dated April 17, 2026 (0% discretionary).

**How have McGowan & Co LLP's assets and staff changed since 2021?**
In the Form ADV data for McGowan & Co LLP: Regulatory assets under management: $413,884,885 in the October 2021 data and $655,611,187 in the October 2026 data, up 58%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does McGowan & Co LLP serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (187); individuals (other than high net worth individuals) (53).

**Which custodians does McGowan & Co LLP use?**
McGowan & Co LLP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does McGowan & Co LLP 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/108736

**Does McGowan & Co LLP state an account minimum?**
Its Form ADV Part 2A brochure dated March 24, 2026 says: "McGowan requires each account to have a minimum of $2,000,000. However, McGowan may waive this minimum in its discretion."

**What changed in McGowan & Co LLP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $575,364,391 to $655,611,187 (+14%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 24, 2026)

- Asset-based fee: 0.5% to 0.9% a year (a range, as the brochure states it)

> Asset Management fees will range from 0.50% to 0.90% per annum depending on the size of the account.

- Account minimum: $2,000,000 (the brochure says it may be waived or negotiated)

> McGowan requires each account to have a minimum of $2,000,000. However, McGowan may waive this minimum in its discretion.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $655,611,187
- Discretionary: $2,852,992
- Non-discretionary: $652,758,195

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 53 | $18,635,565 |
| High net worth individuals | 187 | $636,975,622 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 1999 (27 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, FL, GA, LA, MD, NH, NJ, PA, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mcgowanco.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $413,884,885 | 3 | March 25, 2021 |
| October 2022 | $486,282,826 | 3 | August 16, 2022 |
| October 2023 | $414,472,350 | 3 | March 10, 2023 |
| October 2024 | $485,010,799 | 3 | March 26, 2024 |
| October 2025 | $575,364,391 | 3 | March 17, 2025 |
| October 2026 | $655,611,187 | 3 | April 17, 2026 |

Regulatory assets under management: $413,884,885 in the October 2021 data and $655,611,187 in the October 2026 data, up 58%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $575,364,391 to $655,611,187 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. McGowan & Co LLP (CRD 108736): Form ADV filing data as of October 2026.