SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
McGowan Group Asset Management, Inc.
Dallas, TX
CRD 154127
Firm filing updated September 3, 2026 ·
- $1.1BAssets
- 5Advisory staff
- 4,773Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- Individuals3,642
- High net worth individuals1,112
- Charities10
- Corporations or other businesses7
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 3,642 | $175.6 million |
| High net worth individuals | 1,112 | $861.5 million |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 clients | $7.6 million |
| Charitable organizations | 10 | $23.5 million |
| Corporations or other businesses not listed above | 7 | $14.8 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for individuals and/or small businesses
Assets and accounts
- Regulatory assets$1.1 billion
- Accounts4,773
- Discretionary$1.0 billion · 4,651 accounts
- Non-discretionary$82.4 million · 122 accounts
People
- Employees9
- Advisory staff5
- Broker-dealer reps0
- Licensed insurance agents0
- Planning clients0
Advisors
1 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 154127, SEC file 801-71582.
- Registered with the SEC as an investment advisor (status date on record: July 14, 2010).
Is McGowan Group Asset Management, Inc. a fiduciary?
Short answer: McGowan Group Asset Management, Inc. is registered with the SEC as an investment advisor.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
The firm does not report commissions, a broker-dealer role, a related broker-dealer, or staff who are broker-dealer representatives.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.