{
  "crd_number": 154127,
  "slug": "mcgowan-group-asset-management-inc-dallas-tx-154127",
  "primary_business_name": "MCGOWAN GROUP ASSET MANAGEMENT, INC.",
  "legal_name": "MCGOWAN GROUP ASSET MANAGEMENT, INC.",
  "dbas": [],
  "city": "Dallas",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "19100",
  "metro": {
    "cbsa_code": "19100",
    "common_name": "Dallas",
    "msa_name": "Dallas-Fort Worth-Arlington, TX",
    "path": "/advisors/tx/dallas"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2010-07-14",
  "years_registered": 16,
  "period": "2026-10-01",
  "filing_date": "2026-09-03",
  "carried_forward": false,
  "raum_total": 1083076071.0,
  "raum_discretionary": 1000714340.0,
  "raum_non_discretionary": 82361731.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 9,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 23545789.0,
      "count": 10
    },
    "individuals": {
      "raum": 175611460.0,
      "count": 3642
    },
    "pension_profit_sharing": {
      "raum": 7592638.0,
      "count": 2,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 861547943.0,
      "count": 1112
    },
    "corporations_other_businesses": {
      "raum": 14778241.0,
      "count": 7
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "DE",
    "FL",
    "LA",
    "MO",
    "NC",
    "NM",
    "OK",
    "TN",
    "TX",
    "WA"
  ],
  "websites": [
    "https://facebook.com/THEMCGOWANGROUP",
    "https://linkedin.com/COMPANY/MCGOWANGROUP-ASSET-MANAGEMENT",
    "https://networthmedia.net",
    "https://networthradio.com",
    "https://themcgowangroup.com",
    "https://twitter.com/NETWORTHRADIO"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/154127",
  "city_as_filed": "DALLAS",
  "url": "https://advisorcensus.com/firm/mcgowan-group-asset-management-inc-dallas-tx-154127",
  "display_name": "McGowan Group Asset Management, Inc.",
  "summary": "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.",
  "citation": "AdvisorCensus. McGowan Group Asset Management, Inc. (CRD 154127): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is McGowan Group Asset Management, Inc. compensated?",
      "a": "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."
    },
    {
      "q": "What does McGowan Group Asset Management, Inc.'s brochure say about its fees?",
      "a": "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."
    },
    {
      "q": "Where is McGowan Group Asset Management, Inc. located?",
      "a": "McGowan Group Asset Management, Inc.'s principal office is in Dallas, TX, according to its Form ADV."
    },
    {
      "q": "Is McGowan Group Asset Management, Inc. registered with the SEC or a state?",
      "a": "McGowan Group Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 154127."
    },
    {
      "q": "How much does McGowan Group Asset Management, Inc. manage?",
      "a": "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)."
    },
    {
      "q": "How have McGowan Group Asset Management, Inc.'s assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does McGowan Group Asset Management, Inc. serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does McGowan Group Asset Management, Inc. use?",
      "a": "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."
    },
    {
      "q": "Does McGowan Group Asset Management, Inc. report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "Does McGowan Group Asset Management, Inc. state an account minimum?",
      "a": "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.\""
    },
    {
      "q": "What changed in McGowan Group Asset Management, Inc.'s recent Form ADV filings?",
      "a": "In the October 2026 filing data: Registered or notice-filed in MO, NC, TN, WA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 691206495.0,
      "total_employees": 8,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 786118329.0,
      "total_employees": 8,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 776639780.0,
      "total_employees": 10,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 837519195.0,
      "total_employees": 10,
      "filing_date": "2024-06-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 996742756.0,
      "total_employees": 10,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1083076071.0,
      "total_employees": 9,
      "filing_date": "2026-09-03"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Registered or notice-filed in MO, NC, TN, WA."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 8 to 5.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.59% to 1.5% a year",
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.59% to 1.5% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "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."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000"
        ],
        "quotes": [
          "We require a minimum consolidation of $1,000,000 within the first calendar year for our asset management service."
        ]
      }
    ],
    "quotes": [
      "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.",
      "We require a minimum consolidation of $1,000,000 within the first calendar year for our asset management service."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Pershing Advisor Solutions LLC",
      "name_as_filed": "PERSHING ADVISOR SOLUTIONS LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/mcgowan-group-asset-management-inc-dallas-tx-154127.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 3642,
      "fewer_than_5": false,
      "raum": 175611460.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1112,
      "fewer_than_5": false,
      "raum": 861547943.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 7592638.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 10,
      "fewer_than_5": false,
      "raum": 23545789.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 7,
      "fewer_than_5": false,
      "raum": 14778241.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/154127",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}