MGAM
McGowanGroup Asset Management is a Dallas-based, federally Registered Investment Advisor founded in 1986, providing personalized wealth management and investment planning to high net worth families and related institutions with over $1.2 billion in assets under management.
- Company typePrivate
- Founded1986
- HeadquartersDallas, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What MGAM does
McGowanGroup Asset Management (MGAM) is a Dallas-based, privately held investment advisory firm founded in 1986 by Spencer McGowan. Operating as a federally Registered Investment Advisor (RIA) with fiduciary obligations, the firm delivers personalized wealth management and investment planning services to high net worth families and, secondarily, related institutions in the North Texas market. As of May 29, 2026, MGAM reported assets under management exceeding $1.2 billion, with portfolio strategies spanning fixed income, high cash flow strategies, and growth with income, supported by a proprietary cash-flow based investment discipline and performance tracking systems operational since the 1990s.
The firm's core products include wealth management services, customized investment plans, model portfolios branded as Cashflow Units, and the trademarked NetWorth Radio educational broadcast distributed via KLIF 570 AM, YouTube, Spotify, and Apple Podcasts. Client engagement begins with an Investment Planning Analysis meeting, followed by delivery of a customized investment plan, quarterly portfolio reviews, and ongoing access to the Black Diamond Client Portal (a third-party platform integrated with Pershing LLC, a BNY Mellon company, which serves as custodian and provides algorithm-based trade execution). The internal technology stack combines Salesforce for CRM, Modest Spark for document management, and cloud-based infrastructure, with the founder-led team including two Certified Private Wealth Advisors, certified and experienced wealth managers, a Chief of Staff, and a Compliance Manager.
MGAM generates revenue through investment advisory fees, billed annually on a subscription/recurring basis, with fee arrangements negotiated individually based on client portfolio size and service requirements. The go-to-market motion is sales-led and relationship-driven, with client acquisition sourced primarily from personal referrals, the NetWorth Radio broadcast, LinkedIn presence, and organic web search. The firm holds Forbes Best-in-State Wealth Advisors 2025 and Forbes Top RIA Firms 2025 recognitions and operates from a single Dallas headquarters at 300 Crescent Court, Suite 1776, with a secondary administrative address at 200 Crescent Court, Suite 657.
MGAM firmographics
Firmographics- Name
- MGAM
- Legal name
- McGowanGroup Asset Management, Inc.
- Website
- https://themcgowangroup.com
- Company type
- Private
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- McGowanGroup Asset Management is a Dallas-based, federally Registered Investment Advisor founded in 1986, providing personalized wealth management and investment planning to high net worth families and related institutions with over $1.2 billion in assets under management.
- Ownership category
- akta.pro rank
MGAM industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)
- akta.pro secondary industry
- Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)
Keywords
Where MGAM is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
MGAM business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Investment Advisory Fees: As a federally Registered Investment Advisor (RIA), MGAM generates revenue through investment advisory fees for managing client assets. The firm has discretionary trading authority over client accounts and manages portfolios across multiple investment categories including fixed income, high cash flow strategies, and growth with income.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Investment advisory services with personalized wealth management |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels8 records
MGAM product offering
Product offeringCore offering
McGowanGroup Asset Management (MGAM) is a federally Registered Investment Advisor (RIA) that provides personalized wealth and asset management services to high-net-worth families and select institutions. Founded in 1986 and headquartered in Dallas, TX, the firm manages over $1.2 billion in assets under management through tailored investment advisory and portfolio management solutions.
Product overview
McGowanGroup Asset Management (MGAM) is a Dallas-based investment management firm offering a unified wealth management platform centered on personalized investment planning and portfolio management for high net worth families. The core offering consists of wealth management services incorporating custom investment plans, model portfolios (Cashflow Units), and access to the Black Diamond Client Portal for real-time performance tracking and document management. The firm also produces the trademarked NetWorth Radio broadcast series as an educational platform, featuring market commentary, interviews with authors and business leaders, and investment insights available via radio, YouTube, Spotify, and Apple Podcasts. All services are delivered through their Investment Committee process with a focus on generating current income alongside capital growth opportunities.
Differentiator
Problem solved
Functional benefit
Brands
- NetWorth Radio: Trademarked radio broadcast featuring financial news, market commentary, and interviews with authors and business leaders
- Black Diamond
Products and services
- Wealth Management Services Personalized investment advisory and portfolio management services designed for high-net-worth families and individuals seeking to grow and preserve wealth.
- Institutional Asset Management
Quantifiable outcome
- Over $1.2 Billion in assets under management as of May 2026
- +2 more outcomes
Companies that use MGAM
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
MGAM technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
MGAM partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Pershing LLC (BNY Mellon)corePershing LLC, a wholly owned subsidiary of The Bank of New York Mellon Corporation (BNY Mellon), serves as the custodian for all MGAM client investment assets. Pershing provides clearing, custody, and execution services. MGAM utilizes Pershing's own website for some integrated features and their trading desk for algorithm trading execution to ensure best possible prices for clients.
- SalesforcecoreCloud-based customer relationship management platform integrated into MGAM's internal structure for client management and communication.
- Modest SparkcoreIntegrated document management system used in conjunction with Pershing's website and MGAM's cloud-based internal structure.
- Recurrent AdvisorsminorMGAM's NetWorth Radio features interviews with Brad Olsen and Oliver Doolin from Recurrent Advisors in Houston. Recurrent Advisors specializes in energy infrastructure and midstream investments, aligning with MGAM's investment focus areas.
Scale indicators1 record
Recent moves6 records
Expansion highlights4 records
MGAM competitors and assessment
Company assessmentBroad incumbents
- Cetera Financial Group: Large wealth management holding company supporting independent RIAs and financial advisors; overlapping HNW advisory services but distributed via a much larger affiliated advisor network.
- Charles Schwab Wealth Advisory: Incumbent wealth advisory offering from a major broker-dealer with discretionary portfolio management and digital tools (including Schwab Advisor Center); competes for the same HNW segment with greater scale and brand.
- Edelman Financial Engines: One of the largest independent RIAs in the U.S., providing wealth management and investment advisory to HNW households; comparable fee-for-advice model, but national scale and hybrid digital-advisor delivery.
- Goldman Sachs Personal Financial Management: Wealth advisory arm of a global bank serving HNW and ultra-HNW clients with discretionary portfolio management and planning; competitor for the same client base, with far deeper resources and brand.
Direct peers
- Merit Financial Advisors: Growing independent RIA focused on HNW families with fiduciary wealth management, financial planning, and model portfolios; highly comparable in service offering and target client profile to MGAM.
- Fisher Investments: Privately held RIA primarily serving HNW individuals and institutions with discretionary portfolio management; directly comparable target market and fee model, with a more global footprint.
- Hightower Advisors: Large independent RIA platform serving HNW families and institutions with discretionary portfolio management and customized investment plans — directly comparable business model to MGAM, but at significantly greater scale.
- Wealth Enhancement Group: Independent wealth management firm serving HNW clients with personalized planning and portfolio management; comparable in client focus and advisory model, illustrating a roll-up trajectory a firm like MGAM could pursue.
- Mariner Wealth Advisors: Independent RIA providing wealth advisory, tax, estate, and investment management to HNW families; closest in product mix (planning + discretionary portfolios) to MGAM, again at materially larger AUM.
Others
- Dynasty Financial Partners: Provides technology, investment, and operational platform services to a network of independent RIAs; not a direct competitor for clients but a relevant comparable for how a boutique RIA could institutionalize through external infrastructure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
MGAM social profiles
Digital presenceMGAM financial estimates
Financial estimateRevenue estimate
Valuation estimate
MGAM leadership team
Management profileNumber of profiles
Profiles1 record
MGAM funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MGAM M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MGAM
What does MGAM do?
McGowanGroup Asset Management (MGAM) is a federally Registered Investment Advisor (RIA) that provides personalized wealth and asset management services to high-net-worth families and select institutions. Founded in 1986 and headquartered in Dallas, TX, the firm manages over $1.2 billion in assets under management through tailored investment advisory and portfolio management solutions.
Is MGAM a public or private company?
MGAM is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MGAM founded?
MGAM was founded in 1986. It employs 1 to 10 people.
Where is MGAM based?
MGAM is headquartered in Dallas, United States, in the North America region.
How does MGAM make money?
One revenue line is on record: investment Advisory Fees.
Who are MGAM's main competitors?
Broad incumbents on record are Cetera Financial Group, Charles Schwab Wealth Advisory, Edelman Financial Engines and Goldman Sachs Personal Financial Management. Direct peers are Merit Financial Advisors, Fisher Investments, Hightower Advisors, Wealth Enhancement Group and Mariner Wealth Advisors. Dynasty Financial Partners is listed as an others.
Does MGAM have an API?
No public API is recorded for MGAM.
What industry is MGAM in?
MGAM's product category is Wealth Management. Its primary akta.pro industry code is FSAEABAA, Registered Investment Advisor (RIA) Wealth Management, with a secondary code of FSAAACAC, Portfolio Management–Led RIAs (Discretionary/Model-Based). Its NAICS code is 523940 and its SIC code is 6282.