Introduction

McDavid & Company Wealth Management Services (M&C) is a fee-only independent Registered Investment Advisory (RIA) firm, committed to helping our clients achieve their financial goals and pursue their passions in life.  We provide financial planning and investment management services to individuals, families and closely-held businesses.  

 

M&C was founded in 2004 as a division of William McDavid & Co., PA, and is based in Gainesville, Florida.  As a state of Florida Registered Investment Advisor, we are legally bound by a fudiciary standard to act in our clients' best interest - ahead of our own, our employees, and those of our firm.    

Our President

William F McDavid, CPA, PFS, CVA is the President and founder of McDavid & Company Wealth Management Services (M&C). He earned his Bachelor of Science in Business Administration from the University of Florida.  William began his career as a CPA in 1978 and has served as the managing shareholder of William McDavid & Co., PA CPA's from inception in 1983.  William established M&C in 2004 to help the firm's public accounting clients with investing and retirement planning.  William is a Certified Public Accountant (CPA), licensed in the state of Florida, a Personal Financial Specialist (PFS), creditialed by the AICPA, and a Certified Valuation Analyst (CVA), creditialed by the National Association of Certified Valuation Analysts.  He is a native of Gainesville, Fl where he currently resides with his wife Holly.

 

Our Investment Philosophy 

Our investment philosophy is centered around investing in large capitalization stocks that pay dividends, with consistent dividend increases, and other interest bearing securities.  We diversify the money entrusted to us globally, and across asset classes.  

Our Fees

Our investment management fees start at 1.5% annually and drops from there.  See table below.

We are a fee-only, independent advisory firm.  We accept no commissions, no trailing fees from mutual funds, and we sell no financial products.  Our interests are aligned with yours.  When you benefit, we benefit.

Portfolio Fee Schedule For Managed Accounts

Money Invested                                            Annual %  Rate                                                                   

First  $3,000,000                                                             1.50

                                                                                                                                                                 

$3,000,001  to  $5,000,000                                           1.00

                                                                                                                                                                 

Above  $5,000,000                                                         .75

 

*The fees appearing above do not include fees and expenses that may be charged by the account custodian. These include, but not limited to, transaction fees and account maintenance fees.

We charge a fixed fee for financial planning engagements that generally range from $1,000 to $7,500, depending on the complexity of the engagement.  Financial planning engagements are not a requirement to be an investment management client.  

We charge a fixed fee for limited consulting engagements ranging from $500 to $5,000.