McCloskey & Associates is a registered investment advisor based in Melbourne, Florida, owned and operated by William McCloskey. The firm offers comprehensive asset management, financial planning and consulting, and referrals to third-party money managers. For investment management, McCloskey & Associates builds customized portfolios using individual stocks, bonds, exchange-traded funds, mutual funds, and other securities, reviewing and rebalancing accounts at least quarterly. The firm also provides financial planning covering retirement, asset protection, estate planning, taxes, insurance, and real estate analysis. Additionally, McCloskey & Associates utilizes platforms like Envestnet and can coordinate with outside money managers to build custom investment solutions. Representatives of McCloskey & Associates also act as insurance agents and may offer insurance products separately.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1.0M | 1.25% |
| $1.0M - $2.0M | 1.00% |
| $2.0M - $5.0M | 0.75% |
| $5M+ | 0.60% |
Fees are billed quarterly in arrears. For third-party manager services like Envestnet, fees range from 0.75% to 2.00%.