Penn Davis McFarland is an independent registered investment advisor based in Dallas, Texas, originally founded in 1977. The firm primarily manages custom investment portfolios consisting of publicly traded stocks and bonds tailored to each client's individual financial situation, risk tolerance, and goals. Portfolios are typically concentrated, holding fewer than forty stock positions selected through rigorous fundamental research. In addition to managing investments, Penn Davis McFarland offers financial planning using specialized cash flow and retirement projection software, often providing these planning services at no extra charge to existing investment clients. The firm also provides administrative family office services such as bill paying, reporting, and insurance placement for select clients.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.25% |
| $1.0M - $4.0M | 1.00% |
| $4.0M - $10.0M | 0.75% |
| $10M+ | 0.50% |
Fees are generally not negotiable, but may be negotiated in some instances for clients opening multiple accounts, such as families.