Magpie Consulting LLC

Magpie Consulting LLC is an independent, fee‑only advisory firm that provides asset management and financial planning and consulting services to individual clients, including both high‑net‑worth and other private investors. The firm follows the CFP Board financial planning process and prepares a written Investment Policy Statement (IPS) for each engagement.

The firm constructs diversified portfolios primarily using exchange‑traded funds and uses historical data and advisor judgment to model estimated returns, portfolio standard deviation and projected “risk of loss” in each client’s IPS. Clients may engage the firm on either a discretionary or nondiscretionary basis, and the firm reports that a majority of assets are managed nondiscretionarily—a less common arrangement among independent advisors.

Magpie operates as a solo‑practitioner practice and does not accept commissions or performance‑based fees, relying instead on fee‑only compensation; managed accounts must be custodied with the firm’s selected custodian. The managing principal devotes the majority of his professional time to an external corporate finance role and a minority to the advisory practice, which may affect the firm’s capacity and client availability relative to full‑time advisory firms.