Mallard Financial Partners Inc (Newark)

Name: Mallard Financial Partners Inc
Address: 750 Barksdale Road, Newark, DE, 19711
Telephone: 302-737-4546

Mallard Financial Partners Inc is a large advisory firm based in Newark. It manages $169.25 million of regulatory assets for 661 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Delaware, Florida, Maryland, and 3 other states.

Mallard Financial Partners provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mallard Financial Partners: assets under management

The assets under management (AUM) of Mallard Financial Partners Inc is $169.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 38% since the beginning of its operation, and $513.55 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $169.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $256.06 thousand each.

Mallard Financial Partners has custody of $4.57 million in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mallard Financial Partners Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Paul S. Baumbach serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Paul S. Baumbach is high net worth individuals with 50 clients and $112.6 million of assets under management. Among the 10 most similar advisory firms, Mallard Financial Partners has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $167.79 million for 235 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Mallard Financial Partners doesn't advise any private funds.

Careers at Mallard Financial Partners Inc

The company employs 17 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Paul S. Baumbach has been acting as President since 1 Aug 2013. Pamela S. Baumbach joined the executive team most recently as the Treasurer & Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Pamela S. Baumbach	Secretary & cco	1 Feb 2013	Other	5768665
Paul S. Baumbach	President	1 Aug 2013	75% - 100%	2430006
Susan Elizabeth Lehnerd	Vice president	1 Aug 2013	Other	6027908
Pamela S. Baumbach	Treasurer & cco	1 Jul 2017	25% - 50%	5768665
Jacqie Sue Thompson	Secretary	1 Jul 2017	Other	6843632

Based in Newark

The principal office where Mallard Financial Partners Inc performs its advisory services is located at 750 Barksdale Road, Newark, DE 19711, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 302-737-4546 or by fax 302-397-2675. The normal business hours are 9:00 am to 5:00pm on Monday - Friday. You can find more information about the New York firm at mallardfinancial.com.