McCarthy Asset Management provides financial planning, portfolio management for individuals and small businesses, tax planning, and tax preparation. Financial planning was provided to 51–100 clients last fiscal year.
McCarthy Asset Management reports 218 clients. They include 169 high-net-worth individuals and 49 individual clients. Of its assets, 100.0% ($422M across 832 accounts) are managed with discretion. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 22% | 11% |
| High-net-worth individuals | 78% | 89% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 49 | $45.8M | 10.8% | $935K |
| High-net-worth individuals | 169 | $377M | 89.2% | $2.23M |
| Total | 218 | $422M | 100% | $1.94M |
- Clients
- 49
- Regulatory AUM
- $45.8M
- AUM share
- 10.8%
- Avg. per client
- $935K
- Clients
- 169
- Regulatory AUM
- $377M
- AUM share
- 89.2%
- Avg. per client
- $2.23M
Total
- Clients
- 218
- Regulatory AUM
- $422M
- AUM share
- 100%
- Avg. per client
- $1.94M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
McCarthy Asset Management charges 0.25%–1.00% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is not negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.00% |
| $500K–$2.5M | 0.75% |
| $2.5M–$4.5M | 0.50% |
| $4.5M and above | 0.25% |
Fee details and sources
Other fees
- Financial Planning
- Financial planning is billed at an hourly fee of $330, invoiced on completion of the plan and payable on receipt.
Stephen McCarthy owns 75% or more of McCarthy Asset Management. The leadership team of McCarthy Asset Management includes President Stephen McCarthy. It has 4 employees, 2 of them in advisory roles.
Leadership
Stephen McCarthyPresident/Chief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of McCarthy Asset Management, Inc.
Stephen McCarthy
Control person · since November 2004
McCarthy Asset Management’s regulatory assets grew from $330M (February 2021) to $422M (March 2026); clients were 218 in both filings and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $422M | 218 | 4 | 1 |
| March 2025 | $378M | 221 | 4 | 1 |
| March 2024 | $366M | 221 | 4 | 1 |
| February 2023 | $326M | 219 | 4 | 1 |
| February 2022 | $374M | 224 | 4 | 1 |
| February 2021 | $330M | 225 | 4 | 1 |
Besides its headquarters, McCarthy Asset Management has 0 offices, with 1 listed address in California.
California · 1 listed address
- 3 Lagoon Drive, Suite 155, Redwood ShoresHQ
Contact and registration details
- Legal name
- McCarthy Asset Management, Inc.
- Headquarters
- 3 Lagoon Drive, Suite 155, Redwood Shores, CA 94065
- Website
- mamportfolios.com
- Phone
- 650-610-9540
- SEC file
- 801-60897
- Founded
- 1999
- Structure
- California corporation
- Fiscal year end
- December
McCarthy Asset Management uses Charles Schwab ($422M) as custodian for its separately managed accounts. McCarthy Asset Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · El Paso, TX · $422M100%
At year end, McCarthy Asset Management’s separately managed accounts were mostly in funds (89%) and stocks (10%). Its reported 13F holdings for the quarter ended 30 June 2026 total $211M across 29 positions; the largest are Vanguard Specialized Funds (13.9%), Vanguard Scottsdale Fds (12.8%) and Schwab Strategic TR (12.1%).
What the accounts hold
- Stocks10%
- Funds89%
- Cash1%
Reported 13F holdings
- $211M
- Reported 13F value
- 29
- Positions
- 84.6%
- In the 10 largest
- —
- Value vs. prior quarter
- Vanguard Specialized Funds · Div App ETF13.9%
- Vanguard Scottsdale Fds · Shrt Trm Corp. BD12.8%
- Schwab Strategic TR · US Dividend EQ12.1%
- T Rowe Price Exchange-traded · Cap Appreciation10.5%
- Vanguard Star Fds · VG TL Intl Stk F9.3%
- Capital Group Dividend Value · Shs Creat Unit6.5%
- Schwab Strategic TR · US Lcap GR ETF5.8%
- Vanguard BD Index Fds · Total Bnd Mrkt5.1%
- Capital Group Growth ETF · Shs Creat Unit4.8%
- Schwab Strategic TR · US Mid-cap ETF3.8%
Together, the ten largest are 84.6% of reported value.
How many clients does McCarthy Asset Management have?
McCarthy Asset Management has 218 clients and manages $422 million for them, as of March 2026. They include 169 high-net-worth individuals and 49 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 March 2026
What services does McCarthy Asset Management offer?
McCarthy Asset Management provides financial planning, portfolio management for individuals and small businesses, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does McCarthy Asset Management charge?
McCarthy Asset Management charges 0.25%–1.00% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is not negotiable.
Which custodians does McCarthy Asset Management use?
McCarthy Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (El Paso, TX), with $422M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 March 2026
How many financial advisors does McCarthy Asset Management have?
McCarthy Asset Management has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does McCarthy Asset Management invest in?
At the end of its last fiscal year, McCarthy Asset Management’s separately managed accounts held 89% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns McCarthy Asset Management?
McCarthy Asset Management’s direct owner is Stephen McCarthy (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 11 March 2026
How does McCarthy Asset Management get paid?
McCarthy Asset Management is paid through a percentage of assets under management and hourly charges. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is McCarthy Asset Management registered with the SEC?
Yes, McCarthy Asset Management has been registered with the SEC as an investment adviser since 1 February 2002. Its CRD number is 118285 and its SEC file number is 801-60897.
Source: Form ADV Part 1A, Item 1, filed 11 March 2026; IAPD firm record
How do I contact McCarthy Asset Management?
McCarthy Asset Management’s main office is at 3 Lagoon Drive, Suite 155, Redwood Shores, CA 94065. Its phone number is 650-610-9540. Its website is mamportfolios.com.