Mallard Financial Partners Inc is a large advisory firm based in Newark. It manages $169.25 million of regulatory assets for 661 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Delaware, Florida, Maryland, and 3 other states.
Mallard Financial Partners provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Mallard Financial Partners Inc is $169.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 38% since the beginning of its operation, and $513.55 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Mallard Financial Partners Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Paul S. Baumbach is high net worth individuals with 50 clients and $112.6 million of assets under management. Among the 10 most similar advisory firms, Mallard Financial Partners has the 5th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $167.79 million for 235 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Mallard Financial Partners doesn't advise any private funds.
The company employs 17 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 8 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.
Paul S. Baumbach has been acting as President since 1 Aug 2013. Pamela S. Baumbach joined the executive team most recently as the Treasurer & Cco.
The principal office where Mallard Financial Partners Inc performs its advisory services is located at 750 Barksdale Road, Newark, DE 19711, 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 302-737-4546 or by fax 302-397-2675. The normal business hours are 9:00 am to 5:00pm on Monday - Friday. You can find more information about the New York firm at mallardfinancial.com.