Wealth manager, wrap-program sponsor · Dallas, TX
McGowan Group Asset Management, Inc.
SEC-registered investment adviser · CRD 154127 · SEC 801-71582
At a glance
McGowan Group Asset Management, Inc. is an SEC-registered investment adviser based in Dallas, Texas, with $1.1 billion in regulatory assets under management as of its Form ADV filed September 3, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 4,754 individual clients. By Form ADV it is a wealth manager (wrap-program sponsor), ranked 1,424th of 8,915 wealth managers and 5,126th of 17,210 SEC-registered advisers by assets.
Main office 214-720-4400themcgowangroup.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.1B
- Rank among wealth managers
- #1,424 of 8,915
- Rank among all SEC RIAs
- #5,126 of 17,210
- Rank in Texas
- #298 of 1,081
- Individual clients
- 4,754
- High-net-worth clients
- 1,112
- Accounts
- 4,773
- Discretionary
- 92% of AUM
- Employees
- 9
- Advisory staff
- 5
- Offices
- 1
Owners and executives on its Form ADV
- Spencer D. McGowanPresident
- Alexander G. TollenPresident
- Andrew S WarningChief Compliance Officer
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,112 | $862M | 80% |
| Individuals | 3,642 | $176M | 16% |
| Charitable organizations | 10 | $24M | 2% |
| Corporations or other businesses | 7 | $15M | 1% |
| Pension and profit sharing plans | 2 | $8M | <1% |
Disciplinary disclosures
McGowan Group Asset Management, Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗themcgowangroup.com ↗
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The full record on McGowan Group Asset Management, Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 3,340 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does McGowan Group Asset Management, Inc. manage?
McGowan Group Asset Management, Inc. reports $1.1 billion in regulatory assets under management across 4,773 accounts, 92% of it on a discretionary basis, on its Form ADV filed September 3, 2026.
What kind of firm is McGowan Group Asset Management, Inc.?
McGowan Group Asset Management, Inc. is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are McGowan Group Asset Management, Inc.’s clients?
By assets, its largest client types are high-net-worth individuals ($862 million, 1,112 clients); individuals ($176 million, 3,642 clients); charitable organizations ($24 million, 10 clients).
Does McGowan Group Asset Management, Inc. have any disciplinary history?
McGowan Group Asset Management, Inc. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is McGowan Group Asset Management, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-03), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →