# 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.

- CRD: 154127
- Filed as: MCGOWAN GROUP ASSET MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: September 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/154127
- AdvisorCensus page: https://advisorcensus.com/firm/mcgowan-group-asset-management-inc-dallas-tx-154127

## Quick answers

**How 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.

**How much does McGowan Group Asset Management, Inc. charge?**
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

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

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Asset-based fee: 0.59% to 1.5% a year (a range, as the brochure states it)

> 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

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Pershing Advisor Solutions LLC

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: $1,083,076,071
- Discretionary: $1,000,714,340
- Non-discretionary: $82,361,731

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 3,642 | $175,611,460 |
| High net worth individuals | 1,112 | $861,547,943 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $7,592,638 |
| Charitable organizations | 10 | $23,545,789 |
| Corporations or other businesses not listed above | 7 | $14,778,241 |

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

### Firm details
- Registered since: 2010 (16 years)
- Employees: 9 total, 5 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CA, CO, DE, FL, LA, MO, NC, NM, OK, TN, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- networthmedia.net
- networthradio.com
- themcgowangroup.com
- Facebook @THEMCGOWANGROUP
- LinkedIn @MCGOWANGROUP-ASSET-MANAGEMENT
- X @NETWORTHRADIO

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $691,206,495 | 8 | March 29, 2021 |
| October 2022 | $786,118,329 | 8 | March 30, 2022 |
| October 2023 | $776,639,780 | 10 | March 30, 2023 |
| October 2024 | $837,519,195 | 10 | June 26, 2024 |
| October 2025 | $996,742,756 | 10 | March 26, 2025 |
| October 2026 | $1,083,076,071 | 9 | September 3, 2026 |

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.

## 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. McGowan Group Asset Management, Inc. (CRD 154127): Form ADV filing data as of October 2026.