Mcdermott Investment Advisors, Llc
- Regulatory AUM
- $203M
- Discretionary
- $170M
- Clients
- 618
- Avg AUM / client
- $329K
- Accounts
- 619
- Employees
- 10
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 24, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 138 | $39.6M | 19.5% |
| High net worth individuals | 480 | $164M | 80.5% |
People (8)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Dean Patrick Mcdermott | Managing Member/Chief Compliance Officer | May 2004 (22y) | 75% or more | |
| Kathleen Kovacs Mcdermott | Managing Director | Mar 2005 (21y) | Less than 5% | |
| John Philip Cito | Registered representative | Aug 2006 (20y) | ||
| Andrew Francis Aigner | Registered representative | Apr 2012 (14y) | ||
| Robert Alan Horning | Registered representative | Sep 2017 (9y) | ||
| Mark Richard Baran | Registered representative | Sep 2021 (5y) | ||
| David Mc Dermott | Registered representative | Jul 2023 (3y) | ||
| Anthony Robert Correnti | Registered representative | Jul 2025 (1y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/24/2026 | 1.13 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE SEC'S ACTION STEMS FROM ITS INVESTIGATION INTO MCDERMOTT INVESTMENT ADVISORS AND MR. MCDERMOTT REGARDING UNIT INVESTMENT TRUSTS PURCHASED BY CERTAIN ADVISORY CLIENTS BETWEEN JANUARY 2012 AND DECEMBER 2014. SPECIFICALLY, THE SEC ALLEGES THAT BY INVESTING THE ADVISORY CLIENTS IN THE UITS AT ISSUE, WHICH CARRIED TRANSACTIONAL SALES CHARGES, MIA AND MR. MCDERMOTT VIOLATED SECTIONS 206(1) AND 206(2) OF THE INVESTMENT ADVISERS ACT OF 1940; AND THAT MR. MCDERMOTT AIDED AND ABETTED MIA'S ALLEGED VIOLATIONS BECAUSE AN IDENTICAL VERSION OF THE UIT, WHICH DID NOT CARRY TRANSACTIONAL SALES CHARGES, WAS AVAILABLE. Status: Pending Summary: MIA AND MR. MCDERMOTT BELIEVE THE UIT PURCHASES AT ISSUE WERE IN THEIR ADVISORY CLIENTS' BEST INTEREST CONSIDERING THE LEVEL OF SERVICE PROVIDED, AS WELL AS OTHER DISCOUNTS GIVEN. BOTH MIA AND MR. MCDERMOTT BELIEVE THEY HAVE MERITORIOUS DEFENSES TO THE SEC'S ALLEGATIONS AND INTEND TO DEFEND THEMSELVES VIGOROUSLY.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Commissions
- • Other fees
- • SHARE IN A FEE CHARGED BY THIRD PARTY ADVISER.
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Selection of other advisers
Custody
Reported custodians
- RBC $188M (83% of AUM) Jul 2024
- Hilltop Securities Inc. $163M (80% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 24, 2026.
View current Form ADV (SEC/IAPD) ↗