Hugh Maginnis
Hugh Maginnis is a registered investment advisor at U.S. Capital Wealth Advisors, LLC, based in Andover, MA, with 28 years of industry experience. Hugh operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, High Net Worth, Investment Management, and 2 more. Their firm serves 4,460 clients with $7.3B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
USCWA is primarily compensated through asset-based fees, which are a percentage of the assets they manage for you. These fees generally range from 0.75% to 2.0% and are negotiable. The exact fee depends on factors like the amount of assets, the services you select, and the complexity of your portfolio. Some accounts are billed monthly based on the average daily balance, while others are billed quarterly based on quarter-end values. If external managers are used, there will usually be additional fees.
Location
40 Shattuck Road, Suite 309, Andover, MA, 01810
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Hugh is a registered insurance agent selling and servicing fixed insurance and annuity contracts. This activity, which is not investment-related, takes a few hours per week.
Employment History
Current Registrations
U.S. Capital Wealth Advisors, LLC
Previous Registrations
Pinnacle Private Wealth, LLC
Triad Advisors LLCBroker
Rpg Family Wealth Advisory, LLC
Purshe Kaplan Sterling InvestmentsBroker
Morgan Stanley Smith BarneyBroker
Citigroup Global Markets INC.Broker
New England SecuritiesBroker
Linsco/private Ledger CORP.Broker
Fidelity Investments Institutional Services Company, INC.Broker
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.