{"url":"https://nivawealth.com/firms/mcdermott-investment-advisors-132221","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/132221","regulatoryAum":203288172,"crd":"132221","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"3247019","suffix":null,"lastName":"AIGNER","firstName":"ANDREW","middleName":"FRANCIS"},{"crd":"870541","suffix":null,"lastName":"BARAN","firstName":"MARK","middleName":"RICHARD"},{"crd":"724521","suffix":null,"lastName":"CITO","firstName":"JOHN","middleName":"PHILIP"},{"crd":"1364055","suffix":null,"lastName":"Correnti","firstName":"Anthony","middleName":"Robert"},{"crd":"2311640","suffix":null,"lastName":"Horning","firstName":"Robert","middleName":"Alan"},{"crd":"7345940","suffix":null,"lastName":"McDermott","firstName":"David","middleName":null},{"crd":"1731834","suffix":null,"lastName":"MCDERMOTT","firstName":"DEAN","middleName":"PATRICK"},{"crd":"4928511","suffix":null,"lastName":"MCDERMOTT","firstName":"KATHLEEN","middleName":"KOVACS"}],"total":8,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-02","regulatoryAum":221636521,"clients":369,"employees":11,"offices":4},{"filedOn":"2022-02-24","regulatoryAum":230188020,"clients":405,"employees":14,"offices":6},{"filedOn":"2023-03-22","regulatoryAum":222771227,"clients":429,"employees":16,"offices":7},{"filedOn":"2024-07-25","regulatoryAum":227622339,"clients":701,"employees":13,"offices":7},{"filedOn":"2025-03-28","regulatoryAum":211048107,"clients":709,"employees":10,"offices":5},{"filedOn":"2026-03-24","regulatoryAum":203288172,"clients":618,"employees":10,"offices":8}],"secFileNumber":"801-79404","legalName":"McDermott Investment Advisors, LLC","displayName":"McDermott Investment Advisors","slug":"mcdermott-investment-advisors-132221","website":"https://mcdermottadvisors.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/132221/9c2e16853c1d1263-r1.webp","tone":"light","width":547,"height":200,"sourceUrl":"https://mcdermottadvisors.com/","sourceLabel":"Mcdermott Investment Advisors, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Florida limited liability company","fiscalYearEnd":"December","headquarters":{"street":"780 Fifth Avenue South, Suite 200","city":"Naples","state":"FL","stateName":"Florida","country":"United States","postalCode":"34102"},"tradeNames":[],"registration":{"secApproved":"4 April 2014","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":328945.2621359223,"staff":{"employees":10,"advisory":10,"brokerDealerReps":5,"insuranceAgents":4,"promoters":0},"aum":{"regulatory":203288172,"discretionary":169566684,"discretionaryAccounts":228,"nonDiscretionary":33721488,"nonDiscretionaryAccounts":391,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":138,"regulatoryAum":39627450},{"label":"High-net-worth individuals","clients":480,"regulatoryAum":163660722}],"feePrograms":[{"role":"main","program":"Portfolio management services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1016106","versionId":1016106,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-09","documentName":"MCDERMOTT INVESTMENT ADVISORS, LLC FORM ADV PART 2A BROCHURE","fee_rate_low":1,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial planning","summary":"Financial planning is billed at an hourly fee of $200, negotiable by scope; 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They include 480 high-net-worth individuals and 138 individual clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does McDermott Investment Advisors offer?","answer":"McDermott Investment Advisors provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does McDermott Investment Advisors charge?","answer":"McDermott Investment Advisors charges 1.00%–2.00% a year for its Portfolio management services. The fee is billed in advance and is negotiable.","source":"MCDERMOTT INVESTMENT ADVISORS, LLC FORM ADV PART 2A BROCHURE, filed 9 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does McDermott Investment Advisors use?","answer":"McDermott Investment Advisors’ separately managed account assets are held at Hilltop Securities Inc. (New York, NY), with $163M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does McDermott Investment Advisors have?","answer":"McDermott Investment Advisors has 10 investment adviser representatives registered with state securities authorities, out of 10 employees, and 10 perform investment advisory functions. 5 employees are registered representatives of a broker-dealer and 4 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does McDermott Investment Advisors invest in?","answer":"At the end of its last fiscal year, McDermott Investment Advisors’ separately managed accounts held 84% exchange-traded equities, 12% investment grade corporate bonds, 2% registered funds (mutual funds, ETFs, BDCs), 1% U.S. government and agency bonds and 1% state and local bonds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns McDermott Investment Advisors?","answer":"McDermott Investment Advisors’ direct owner is Dean McDermott (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does McDermott Investment Advisors get paid?","answer":"McDermott Investment Advisors is paid through a percentage of assets under management, hourly charges, commissions and other compensation. Its Form ADV lists no 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact McDermott Investment Advisors?","answer":"McDermott Investment Advisors’ main office is at 780 Fifth Avenue South, Suite 200, Naples, FL 34102. Its phone number is 610-882-1460. Its website is mcdermottadvisors.com.","source":"Form ADV Part 1A, Item 1.F, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}