McGowan Group Asset Management, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$1,037,159,403
Clients
4,754
Advisors
7
of 9 employees
About
McGowanGroup Asset Management, Inc. provides fee‑based asset management and portfolio management to individuals, high‑net‑worth clients, trusts, retirement plans, and other entities, managing approximately $1.083 billion in client assets across roughly 4,700 accounts. The firm offers individualized management through both wrap and non‑wrap fee programs and uses custodial and prime brokerage arrangements with Pershing Advisor Solutions for trade execution and account services.
The firm’s investment process is organized around a set of named model disciplines — including CashFlow Units®, Allocation Units, Long‑Term Income, Growth, Energy, and Total Return — that combine tactical multi‑asset allocation with focused income or growth selection and include specific benchmarks for each model. Advisors gather client financial and cash‑flow information to tailor portfolios to objectives and risk tolerance, generally limiting client‑imposed security restrictions except in narrowly defined cases.
Notable features that distinguish the firm from many peers are its role as a wrap fee program sponsor, its use of Pershing’s prime brokerage capabilities, and its public presentation of model benchmarks and performance information alongside firm websites that reference outside ratings. The firm also maintains a $1,000,000 consolidation requirement within the first calendar year for its asset management service and emphasizes income‑oriented strategies (such as its CashFlow Units® and EnergyUnits disciplines) that are less common among similarly sized team firms.
Client services
Expertise
Fee options
$0+: 0.59% - 1.50% (negotiated final fee) Greater than $1,000,000+: 0.99% Greater than $3,000,000+: 0.88% Greater than $10,000,000+: 0.83%
Account minimum: $1,000,000 Fee-only: Annualized fee ranges from 0.59% to 1.50% negotiated per client; billed quarterly in advance
Main office
300 Crescent Court, #1776
Dallas TX 75201
Advisors at this office
7
Most active in
California · Colorado · Delaware · Florida · Louisiana · Missouri · New Mexico · North Carolina · Oklahoma · Tennessee · Texas · Washington
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Joyce C
Series 65
Dallas, TX
McGowan Group Asset Management, Inc.
Joyce Cheng is a financial advisor at McGowan Group Asset Management, Inc. in Dallas, TX, holding a Series 65 designation with three years of industry experience. Her work history includes roles at Level Four Wealth Management, Midland Life Insurance, and Advisors Resource Company before joining McGowan Group Asset Management in 2018. McGowan Group Asset Management, Inc. is an eight-advisor team providing fee-based asset management and advisory services to individual and high-net-worth investors, trusts, retirement plans, and business entities. The firm employs a model-driven, multi-asset class investment process with discretionary portfolio management and a formal wrap-fee program.
Alexander T
Series 63, Series 65
Dallas, TX
McGowan Group Asset Management, Inc.
Alexander Tollen is a financial advisor with McGowan Group Asset Management, Inc. in Dallas, TX, holding Series 63 and Series 65 licenses and bringing 15 years of industry experience. He has worked at McGowan Group and Spire Securities since 2011. Outside of his advisory role, Tollen is an artist who occasionally sells his artwork and is a partner in a furniture-related business. McGowan Group Asset Management, Inc. is an eight-advisor team managing approximately $997 million in client assets. The firm provides fee-based asset management and advisory services to individuals, high-net-worth investors, trusts, retirement plans, and business entities, employing a model-driven, multi-asset class investment approach with discretionary portfolio management and a formal wrap-fee program.
Andrew O
Series 63, Series 65
Dallas, TX
McGowan Group Asset Management, Inc.
Andrew Orton is a financial advisor at McGowan Group Asset Management, Inc. in Dallas, TX, holding Series 63 and Series 65 credentials with 15 years of industry experience. He has worked at Spire Securities, LLC and McGowan Group Asset Management since 2010. McGowan Group Asset Management, Inc. is an eight-advisor team providing fee-based asset management and advisory services to individual and high-net-worth investors, trusts, retirement plans, and business entities. The firm employs a model-driven, multi-asset class investment approach with discretionary portfolio management and a formal wrap-fee program.
Stephen N
Series 63, Series 66
Dallas, TX
McGowan Group Asset Management, Inc.
Stephen Norris is a financial advisor at McGowan Group Asset Management, Inc. based in Dallas, TX, with eight years of industry experience. He holds Series 63 and Series 66 licenses and has worked at Apex Clearing Corporation since 2012. McGowan Group Asset Management, Inc. is an eight-advisor team managing approximately $997 million in client assets, providing fee-based asset management and advisory services to individuals, high-net-worth investors, trusts, retirement plans, and business entities. The firm employs a model-driven, multi-asset class investment approach with discretionary portfolio management and a formal wrap-fee program.
Harrison S
Series 65
Dallas, TX
McGowan Group Asset Management, Inc.
Harrison Smith is a financial advisor at McGowanGroup Asset Management, Inc. in Dallas, TX, holding a Series 65 designation and five years of industry experience. He has been with McGowanGroup since 2019 and previously studied at Texas Tech University. McGowanGroup Asset Management, Inc. serves individuals, high-net-worth clients, trusts, retirement plans, and other entities with fee-based asset and portfolio management. The firm employs a model-driven investment process combining tactical multi-asset allocation with income or growth selection, offering wrap and non-wrap fee programs and utilizing Pershing Advisor Solutions for trade execution and account services.
Spencer M
Series 63, Series 65
Dallas, TX
McGowan Group Asset Management, Inc.
Spencer McGowan is a financial advisor with McGowan Group Asset Management, Inc. in Dallas, TX, holding Series 63 and Series 65 licenses and bringing 25 years of industry experience. He has been affiliated with SPIRE Securities, LLC and McGowan Asset Management, Inc. since 2010. Outside of investment management, he is president and primary shareholder of McGowan Publishing Company, Inc., which owns the International Bond Exchange website and NetWorthRadio broadcasts. McGowan Group Asset Management, Inc. is an eight-advisor team providing fee-based asset management and advisory services to individual and high-net-worth investors, trusts, retirement plans, and business entities. The firm employs a model-driven, multi-asset class investment approach with discretionary portfolio management and a formal wrap-fee program.
Preston L
Series 65
Dallas, TX
McGowan Group Asset Management, Inc.
Preston Lane is a financial advisor at McGowan Group Asset Management, Inc. in Dallas, TX, holding a Series 65 credential with three years of industry experience. Prior to joining McGowan Group Asset Management in 2022, he worked at Lucky Dog Barkery and attended Highland Park High School. McGowan Group Asset Management, Inc. is an eight-advisor team managing approximately $997 million in client assets. The firm provides fee-based asset management and advisory services to individuals, high-net-worth investors, trusts, retirement plans, and business entities, employing a model-driven, multi-asset class investment approach with discretionary portfolio management and a formal wrap-fee program.
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