Douglas Mcclennen is a registered investment advisor at Douglas A. Mcclennen Ia, based in East Harwich, MA, with 18 years of industry experience. Douglas operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 29 clients with $78M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Douglas McClennen does not charge a percentage of your portfolio. Instead, he charges an hourly rate for his time spent developing and implementing a portfolio structure, financial planning, and research. The hourly rate is $275/hour, billed in 15-minute increments after the first hour, on a quarterly basis. For accounts over $1 million invested primarily in index funds, clients can expect fees to average $500 per quarter per million.
Location
East Harwich, MA
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Douglas manages stock portfolios as a trustee for various trusts and provides investment advice to other parties. This activity is investment-related.
Employment History
Current Registrations
Douglas A. Mcclennen Ia
State Registrations1 state
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