DREXEL MORGAN & CO.

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Adviser Profile
As of Date 08/02/2024
Adviser Type - Large advisory firm
- Related adviser
Number of Employees 4 -33.33%
of those in investment advisory functions 2 -33.33%
Registration SEC, Approved, 7/23/2009
AUM* 439,600,000 20.44%
of that, discretionary 439,600,000 20.44%
Private Fund GAV* 0
Avg Account Size 24,422,222 33.82%
% High Net Worth 100.00%
SMA’s Yes
Private Funds 0
Contact Info 484 xxxxxxx
Websites

Client Types

- High net worth individuals

Advisory Activities

- Portfolio management for individuals and/or small businesses

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

Discretionary
Non-discretionary
381M 326M 272M 218M 163M 109M 54M
2016 2017 2018 2019 2020 2021 2022 2023

Private Funds

No private funds

Employees

Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker00206R102 Stock NameAT&T INC $ Position$112,713,040 % Position21.00% $ Change15.00% # Change0.00%
Stck Ticker934423104 Stock NameWARNER BROS DISCOVERY INC $ Position$54,453,820 % Position10.00% $ Change59.00% # Change43.00%
Stck Ticker185899101 Stock NameCLEVELAND-CLIFFS INC $ Position$40,869,044 % Position8.00% $ Change-14.00% # Change4.00%
Stck Ticker478160104 Stock NameJOHNSON & JOHNSON $ Position$35,046,609 % Position7.00% $ Change11.00% # Change0.00%
Stck Ticker459200101 Stock NameINTERNATIONAL BUSINESS MACHINES $ Position$30,892,614 % Position6.00% $ Change28.00% # Change0.00%
Stck Ticker191216100 Stock NameCOCA-COLA CO $ Position$32,797,694 % Position6.00% $ Change13.00% # Change0.00%
Stck Ticker025816109 Stock NameAMERICAN EXPRESS CO $ Position$19,232,962 % Position4.00% $ Change17.00% # Change0.00%
Stck Ticker345370860 Stock NameFORD MOTOR CO $ Position$22,176,000 % Position4.00% $ Change11.00% # Change31.00%
Stck Ticker46625H100 Stock NameJ.P. MORGAN CHASE & CO $ Position$23,951,377 % Position4.00% $ Change4.00% # Change0.00%
Stck Ticker911312106 Stock NameUNITED PARCEL SVC INC CL B $ Position$14,965,360 % Position3.00% $ Change # Change

Brochure Summary

Overview

The Company Drexel Morgan & Co. (“Drexel Morgan” or “the Firm” or “we”) has been in business as a registered investment adviser since July 2009 and is wholly owned by George W. Connell. Investment Services Drexel Morgan will provide investment supervisory services and non-supervisory services, depending upon the needs and desires of each client. The SEC defines "investment supervisory services" as giving continuous investment advice to a client based upon the individual needs of the client, including the nature of all the client's assets and the client's personal and family obligations. As Drexel Morgan may be engaged to manage only a portion of some clients' overall investment assets, the Firm may provide investment management services only for the assets in the account established with Drexel Morgan, without regard to such clients' other assets or personal obligations.
Each prospective client will be asked to discuss its investment objectives, needs, risk tolerances, restrictions, and other concerns before an investment account is established with Drexel Morgan. This pre-account discussion will determine the type and scope of services to be provided by Drexel Morgan to the client. The Legacy PortfolioTM Our approach for equity investing centers on fundamental analysis with a goal of achieving above-average returns. Consisting of large-capitalization, dividend-paying, primarily A+ rated stocks, The Legacy PortfolioTM represents our core investment strategy. This Portfolio embodies our philosophy that dividend growth is superior to current yield in gauging ultimate growth. Assets Under Management As of December 31, 2023 Drexel Morgan had approximately $439 million in discretionary assets under management.