AdvisorCensus / Financial advisors / Texas / Dallas / McGowan Group Asset Management, Inc.
McGowan Group Asset Management, Inc.
Filed as MCGOWAN GROUP ASSET MANAGEMENT, INC.
McGowan Group Asset Management, Inc. is an SEC-registered investment advisory firm in Dallas, TX, registered since 2010, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 3, 2026.
Quick answers
From the filingHow is McGowan Group Asset Management, Inc. compensated?
On its Form ADV (Item 5.E, October 2026), McGowan Group Asset Management, Inc. reports these compensation arrangements: a percentage of assets under its management.
What does McGowan Group Asset Management, Inc.'s brochure say about its fees?
Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 0.59% to 1.5% 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 Group Asset Management, Inc. located?
McGowan Group Asset Management, Inc.'s principal office is in Dallas, TX, according to its Form ADV.
Is McGowan Group Asset Management, Inc. registered with the SEC or a state?
McGowan Group Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 154127.
How much does McGowan Group Asset Management, Inc. manage?
McGowan Group Asset Management, Inc. reports $1,083,076,071 in regulatory assets under management in its Form ADV filing dated September 3, 2026 (92% discretionary).
How have McGowan Group Asset Management, Inc.'s assets and staff changed since 2021?
In the Form ADV data for McGowan Group Asset Management, Inc.: Regulatory assets under management: $691,206,495 in the October 2021 data and $1,083,076,071 in the October 2026 data, up 57%. Total employees: 8 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does McGowan Group Asset Management, Inc. serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,642); high net worth individuals (1,112); charitable organizations (10).
Which custodians does McGowan Group Asset Management, Inc. use?
McGowan Group Asset Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing Advisor Solutions LLC as a custodian holding 10% or more of its separately managed account assets.
Does McGowan Group Asset Management, Inc. 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/154127
Does McGowan Group Asset Management, Inc. state an account minimum?
Its Form ADV Part 2A brochure dated March 27, 2026 says: "We require a minimum consolidation of $1,000,000 within the first calendar year for our asset management service."
What changed in McGowan Group Asset Management, Inc.'s recent Form ADV filings?
In the October 2026 filing data: Registered or notice-filed in MO, NC, TN, WA.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.59% to 1.5% a year (a range, as the brochure states it)
The brochure's wording
On an annualized basis, our firm’s fee for continuous portfolio management services will range from .59% - 1.50% with the final fee negotiated according to the Clients’ needs and objectives.
Account minimum: $1,000,000
The brochure's wording
We require a minimum consolidation of $1,000,000 within the first calendar year for our asset management service.
As stated in the firm's Form ADV Part 2A brochure dated March 27, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,083,076,071 as of October 2026, filing dated September 3, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2010 (16 years)
- Employees
- Total: 9. Performing investment advisory functions: 5.
- Wrap fee program participation
- Yes.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
12 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,083,076,071 | 9 | September 3, 2026 |
| October 2025 | $996,742,756 | 10 | March 26, 2025 |
| October 2024 | $837,519,195 | 10 | June 26, 2024 |
| October 2023 | $776,639,780 | 10 | March 30, 2023 |
| October 2022 | $786,118,329 | 8 | March 30, 2022 |
| October 2021 | $691,206,495 | 8 | March 29, 2021 |
Regulatory assets under management: $691,206,495 in the October 2021 data and $1,083,076,071 in the October 2026 data, up 57%.
Total employees: 8 in October 2021 and 9 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- October 2026
- Registered or notice-filed in MO, NC, TN, WA.
- June 2026
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Employees performing advisory functions went from 8 to 5.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. McGowan Group Asset Management, Inc. (CRD 154127): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/mcgowan-group-asset-management-inc-dallas-tx-154127