McLean Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, educational seminars, business succession planning, education planning, insurance, and tax planning. Financial planning was provided to 500 clients last fiscal year.
McLean Asset Management reports 512 clients. They include 258 high-net-worth individuals, 228 individual clients, and 21 pension and profit-sharing plans. Of its assets, 99.1% ($985M across 1,497 accounts) are managed with discretion; $8.96M across 7 accounts are not. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 45% | 11% |
| High-net-worth individuals | 50% | 81% |
| Pension and profit-sharing plans | 4% | 7% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 228 | $114M | 11.4% | $499K |
| High-net-worth individuals | 258 | $802M | 80.7% | $3.11M |
| Pension and profit-sharing plans | 21 | $71.6M | 7.2% | $3.41M |
| Charitable organizations | Fewer than 5 | $6.22M | 0.6% | $1.56M |
| Corporations and other businesses | Fewer than 5 | $73.2K | 0.0% | $73.2K |
| Total | 512 | $994M | 100% | — |
- Clients
- 228
- Regulatory AUM
- $114M
- AUM share
- 11.4%
- Avg. per client
- $499K
- Clients
- 258
- Regulatory AUM
- $802M
- AUM share
- 80.7%
- Avg. per client
- $3.11M
- Clients
- 21
- Regulatory AUM
- $71.6M
- AUM share
- 7.2%
- Avg. per client
- $3.41M
- Clients
- Fewer than 5
- Regulatory AUM
- $6.22M
- AUM share
- 0.6%
- Avg. per client
- $1.56M
- Clients
- Fewer than 5
- Regulatory AUM
- $73.2K
- AUM share
- 0.0%
- Avg. per client
- $73.2K
Total
- Clients
- 512
- Regulatory AUM
- $994M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 500
McLean Asset Management charges 0.50%–1.25% a year for its Investment management services. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $12,500 annual minimum. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.25% |
| $1M–$2.5M | 1.00% |
| $2.5M–$5M | 0.80% |
| $5M–$10M | 0.70% |
| $10M and above | 0.50% |
Fee details and sources
Other fees
- Consulting Services
- Consulting services are billed hourly at $250 to $1,000 per hour or as flat fees of $1,000 to $50,000, negotiable, with a retainer that may be required.
Alejandro Murguia owns 25% to 50% of McLean Asset Management. The leadership team of McLean Asset Management includes Chief Compliance Officer Paige Smith Ducey. It has 26 employees, 17 of them in advisory roles.
Staff
- 26 employees
- 17 in advisory functions
- 17 state-registered reps
- 6 insurance agents
- 2 soliciting firms
- Owns 25% to 50% of McLean Asset Management Corporation
Alejandro Murguia
Control person · since November 2014
- Owns 10% to 25% of McLean Asset Management Corporation
Dean Umemoto
Control person · since September 1984
- Owns 10% to 25% of McLean Asset Management Corporation
Karen Umemoto
Control person · since February 2010
McLean Asset Management’s regulatory assets grew from $844M (July 2021) to $994M (May 2026); clients fell from 730 to 512 and employees were 26 in both filings. In 2010, Unnamed New Hampshire adviser (book of $110 million) joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| May 2026May 2026 | $994M | 512 | 26 | 5 |
| Mar 2025March 2025 | $819M | 506 | 26 | 5 |
| Feb 2024February 2024 | $749M | 504 | 26 | 6 |
| May 2023May 2023 | $884M | 732 | 26 | 7 |
| Jun 2022June 2022 | $991M | 759 | 29 | 7 |
| Jul 2021July 2021 | $844M | 730 | 26 | 5 |
Firms that joined
20101 joined
- Unnamed New Hampshire adviser (book of $110 million)TeamNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, McLean Asset Management has 4 offices (4 private residences, listed without an address), with 1 listed address in 1 state.
Virginia · 1 listed address
- 1900 Gallows Road, Suite 350, TysonsHQ
Contact and registration details
- Legal name
- McLean Asset Management Corporation
- Headquarters
- 1900 Gallows Road, Suite 350, Tysons, VA 22182
- Website
- mcleanam.com
- Phone
- 703-827-0636
- SEC file
- 801-55363
- Founded
- 1984
- Structure
- Virginia corporation
- Fiscal year end
- December
McLean Asset Management’s named custodians for separately managed accounts are Charles Schwab ($683M, 75%) and Fidelity ($232M, 25%). McLean Asset Management has custody of $315M for 190 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $683M75%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $232M25%
At year end, McLean Asset Management’s separately managed accounts were mostly in funds (81%) and stocks (13%). Its reported 13F holdings for the quarter ended 30 June 2026 total $757M across 181 positions; the largest are American Centy ETF TR (12.7%), American Centy ETF TR (7.1%) and Dimensional ETF Trust (6.7%).
What the accounts hold
- Stocks13%
- Funds81%
- Bonds2%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash4%
How many clients does McLean Asset Management have?
McLean Asset Management has 512 clients and manages $994 million for them, as of May 2026. They include 258 high-net-worth individuals, 228 individual clients, and 21 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 May 2026
What services does McLean Asset Management offer?
McLean Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, educational seminars, business succession planning, education planning, insurance, and tax planning.
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 McLean Asset Management charge?
McLean Asset Management charges 0.50%–1.25% a year for its Investment management services. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $12,500 annual minimum.
Source: MCLEAN ASSET MANAGEMENT CORP ADV PART 2A, filed 22 May 2026
Which custodians does McLean Asset Management use?
McLean Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $683M and Fidelity Brokerage Services LLC (Smithfield, RI), with $232M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 May 2026
How many financial advisors does McLean Asset Management have?
McLean Asset Management has 17 investment adviser representatives registered with state securities authorities, out of 26 employees, and 17 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 6 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
What does McLean Asset Management invest in?
At the end of its last fiscal year, McLean Asset Management’s separately managed accounts held 81% registered funds (mutual funds, ETFs, BDCs), 13% exchange-traded equities, 4% cash and equivalents, 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
Who owns McLean Asset Management?
McLean Asset Management’s direct owners are Dean Umemoto, Alejandro Murguia and Karen Umemoto, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 22 May 2026
How does McLean Asset Management get paid?
McLean Asset Management is paid through a percentage of assets under management, hourly charges and fixed fees. 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
How do I contact McLean Asset Management?
McLean Asset Management’s main office is at 1900 Gallows Road, Suite 350, Tysons, VA 22182. Its phone number is 703-827-0636. Its website is mcleanam.com.
