Tell me about George McKelvey Company. What is its history?
Its roots began in Wall Street in 1917 when George McKelvey entered the
investment business. George McKelvey Co., itself, is 50 years old. It is
now in its third generation of leadership. We have nine advisors who
make all investment decisions and have direct management
responsibility for each account. Our advisors have been with the firm an
average of 14 years. A minimum of two advisors, including a partner of
the firm, supervises each account so it is covered at all times. There are
12 additional persons in support staff.
It’s located in a small town. Is that a problem?
We started in a small town and have been here since inception. As you
may imagine, one cannot grow and prosper in a small town over the
years without doing well by one’s clients who may also be one’s
neighbors and friends. Today, we have national and international
clients, and with modern communications, geographic distance has
proved no barrier to a good investment relationship. Currently,
approximately 75% of our clients are in New Jersey and the other 25%
are located in various states nationwide and overseas in such diverse
places as Copenhagen, Oxford, and South Africa. We have
approximately $300 million under direct management.
Officers of George McKelvey Co. serve as trustees and advisors to the
endowments of major colleges, national foundations, and other
organizations, which involve them with the leading financial thinkers and
managers in the country.
What is the nature of George McKelvey Company’s business?
George McKelvey Co. serves primarily as investment advisor to
individuals and families. We are registered investment advisors with the
Securities and Exchange Commission. We manage money on a fee
basis and execute any transactions on a discounted commission basis.
In other words, we receive a flat fee based on the assets under
management, with a nominal transaction cost of $35 for our
discretionary clients. Therefore, we have limited economic interest in
commissions on any specific transactions. We believe this puts us on
the same side of the table with our clients. Our clients seem to agree
since, in many cases, we are working with the third and fourth
generation of the same family. Personal and customized service is our
hallmark.
What protections exist for my account?
All client securities are held at National Financial Services LLC (NFS),
one of the largest professional custodians in the securities industry. As
a registered broker/dealer, NFS is subject to the rules and regulations of
the Securities and Exchange Commission (SEC), the Financial Industry
Regulatory Authority (FINRA) and others. As part of its responsibilities,
every month NFS sends you a statement that outlines all activity in your
account. They send it to you directly, independent of us (we receive a
copy). In short, you have an independent entity preparing and sending
periodic statements of the account and reporting separately to you on all
activity. National Financial Services LLC is also a member of the
Securities Investor Protection Corporation (SIPC).
In accordance with SIPC, securities in accounts carried by NFS are
protected up to $500,000 (including cash claims limited to $100,000).
For details, please see www.sipc.org. In addition, NFS has arranged for
coverage above these limits. Neither coverage protects against a
decline in the market value of the securities and neither coverage
extends to certain securities that are considered ineligible for coverage.
Its roots began in Wall Street in 1917 when George McKelvey entered the
investment business. George McKelvey Co., itself, is 50 years old. It is
now in its third generation of leadership. We have nine advisors who
make all investment decisions and have direct management
responsibility for each account. Our advisors have been with the firm an
average of 14 years. A minimum of two advisors, including a partner of
the firm, supervises each account so it is covered at all times. There are
12 additional persons in support staff.
It’s located in a small town. Is that a problem?
We started in a small town and have been here since inception. As you
may imagine, one cannot grow and prosper in a small town over the
years without doing well by one’s clients who may also be one’s
neighbors and friends. Today, we have national and international
clients, and with modern communications, geographic distance has
proved no barrier to a good investment relationship. Currently,
approximately 75% of our clients are in New Jersey and the other 25%
are located in various states nationwide and overseas in such diverse
places as Copenhagen, Oxford, and South Africa. We have
approximately $300 million under direct management.
Officers of George McKelvey Co. serve as trustees and advisors to the
endowments of major colleges, national foundations, and other
organizations, which involve them with the leading financial thinkers and
managers in the country.
What is the nature of George McKelvey Company’s business?
George McKelvey Co. serves primarily as investment advisor to
individuals and families. We are registered investment advisors with the
Securities and Exchange Commission. We manage money on a fee
basis and execute any transactions on a discounted commission basis.
In other words, we receive a flat fee based on the assets under
management, with a nominal transaction cost of $35 for our
discretionary clients. Therefore, we have limited economic interest in
commissions on any specific transactions. We believe this puts us on
the same side of the table with our clients. Our clients seem to agree
since, in many cases, we are working with the third and fourth
generation of the same family. Personal and customized service is our
hallmark.
What protections exist for my account?
All client securities are held at National Financial Services LLC (NFS),
one of the largest professional custodians in the securities industry. As
a registered broker/dealer, NFS is subject to the rules and regulations of
the Securities and Exchange Commission (SEC), the Financial Industry
Regulatory Authority (FINRA) and others. As part of its responsibilities,
every month NFS sends you a statement that outlines all activity in your
account. They send it to you directly, independent of us (we receive a
copy). In short, you have an independent entity preparing and sending
periodic statements of the account and reporting separately to you on all
activity. National Financial Services LLC is also a member of the
Securities Investor Protection Corporation (SIPC).
In accordance with SIPC, securities in accounts carried by NFS are
protected up to $500,000 (including cash claims limited to $100,000).
For details, please see www.sipc.org. In addition, NFS has arranged for
coverage above these limits. Neither coverage protects against a
decline in the market value of the securities and neither coverage
extends to certain securities that are considered ineligible for coverage.
| 732.449.5323 ~ 529 Washington Blvd., Sea Girt, NJ 08750 ~ 800.449.5322 |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
George McKelvey Co., Inc.
732.449.5323
Celebrating our 50th Anniversary