Macallaster Pitfield Mackay Inc. (New York)

Macallaster Pitfield Mackay Inc. is a large advisory firm based in New York. It manages $147.13 million of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Connecticut and New York.

Macallaster Pitfield Mackay provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Macallaster Pitfield Mackay: assets under management

The assets under management (AUM) of Macallaster Pitfield Mackay Inc. is $147.13 million. The firm's AUM has grown by 48% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $136.71 million in discretionary accounts and $10.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.71 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.49 million.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Macallaster Pitfield Mackay Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Starratt Macallaster serves?

The firm provides services to individuals, investment companies, charitable organizations, and high net worth individuals. The largest group of clients of David Starratt Macallaster is high net worth individuals with 27 clients and $133.64 million of assets under management. Among the 11 most similar advisory firms, Macallaster Pitfield Mackay has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $147.13 million for 36 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Macallaster Pitfield Mackay doesn't advise any private funds.

Careers at Macallaster Pitfield Mackay Inc.

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Starratt Macallaster has been acting as President since 1 Jun 2013. Peter K Ramsay joined the executive team most recently as the Coo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Joseph Reynolds	Director	1 May 1985	Other	1085725
David Starratt Macallaster	Director/ceo/president/secretary/treasurer/ cco	1 Sep 2011	Other	1283172
Estate Of Archie Macallaster	Owner	1 Oct 2011	75% - 100%	45-6576907
James B Ahlfeld	Financial and operations principal	1 Apr 2013	Other	4955796
David Starratt Macallaster	Director/ceo/president/secretary/treasurer/ cco	1 Jun 2013	75% - 100%	1283172
Peter K Ramsay	Coo	1 Sep 2018	Other	7021827

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Barbara Torrey Macallaster	Executrix	1 Oct 2011	75% - 100%	5993850

Based in New York

The principal office where Macallaster Pitfield Mackay Inc. performs its advisory services is located at 30 Broad Street, New York, NY 10004, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-422-9250 or by fax 212-809-0759. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday.