MegStar Financial Management has been managing individual investment portfolios since 1992. Led by Mark McNally, MegStar builds customized investment portfolios using Modern Portfolio Theory, which emphasizes diversification across stocks, exchange-traded funds, bonds, certificates of deposit, and trusts to reduce risk. In addition to managing investments, MegStar provides general financial advice upon client request. The firm serves individual investors almost exclusively and operates on a fee structure based on a percentage of the assets under management, billing clients quarterly in arrears without requiring prepayments. MegStar holds discretionary authority to manage trades within parameters established in the client agreement and provides written quarterly performance reports.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $3.0M | 0.80% |
| $3M+ | 0.20% |
Fees range from a maximum of 0.8% annually to a minimum of 0.2% for amounts in excess of $3,000,000. Fees are not negotiable.