McCauley Investment Advisory, LLC

McCauley Investment Advisory provides discretionary portfolio management and financial planning primarily to individual clients (including high‑net‑worth individuals) and to pension and profit‑sharing plans, overseeing roughly $16.3 million in client assets across its relationships. The firm also offers retirement‑plan advisory services and can serve as a limited‑scope ERISA 3(21) fiduciary for plan sponsors, assisting with investment policy statements, monitoring, and participant education.

Investment programs are tailored to client objectives and risk tolerance and are implemented on a discretionary basis; the firm may hire sub‑advisors or recommend third‑party managers to manage all or part of client accounts and monitors those relationships on an ongoing basis. Compensation is primarily asset‑based for investment management with negotiable fixed fees for standalone financial planning, and the firm discloses that it receives an ongoing portion of advisory fees when clients are placed with third‑party managers and acts as the client liaison for those managers.

Noteworthy for a firm in this category, a principal maintains an affiliated insurance business and spends a small portion of time offering insurance products in a separate capacity, which may result in commission compensation — the brochure discloses this as a potential conflict of interest and describes disclosure and procedural mitigations. The firm also notes that it does not vote client proxies, relies on custodians for client statements, and documents specific exclusions for ERISA plan assets, practices and relationships clients should review when evaluating potential conflicts.