Overview
CCM is a Delaware limited liability company that manages investment advisory accounts for a
variety of individual and institutional clients. CCM has been in business since 2003.
The principal owners of CCM are Matthew G. Mead and Geoffrey P. Mavar.
CCM offers advisory services by providing investment management services to institutions, high
net worth individuals, private funds and the MainGate MLP Fund, an open-end mutual fund
registered under the Investment Company Act of 1940, as amended (the “Mutual Fund”). Our
advisory services are primarily provided on a discretionary basis but may be provided on a non-
discretionary basis, in either case subject to investment guidelines in our investment advisory
contract. We manage certain investment advisory accounts not involving investment supervisory
services. CCM provides investment management services to clients in wrap fee programs. Our
investment strategies with respect to wrap fee program clients are similar to the investment
strategies provided to our other clients. However, the wrap fee program sponsor typically is
responsible for assisting the client in selecting managers and investment strategies and handles
most aspects of the client relationship including identifying individual
circumstances of the client.
Clients participating in these wrap fee programs may be charged various program fees by the wrap
fee program sponsor in addition to the advisory fees charged by CCM. Under our wrap fee
program arrangements, the wrap fee program sponsor and we each charge a separate fee for our
respective services.
CCM primarily offers advisory services in accordance with its master limited partnership (“MLP”)
investment strategy as described in Item 8. In addition, CCM may offer advice on the following
as well as the foreign equivalents of the following investment products:
Equity securities
Corporate debt securities
Municipal securities
U.S. Government and Government Agency securities
Commercial paper
Certificates of deposits
Convertible and preferred securities
Mutual funds
Options contracts on securities
Warrants
Interests in partnerships investing in real estate, oil and gas and other
Currencies
Derivatives
Private placements and other limited partnership interests.
Clients may also impose restrictions on investing in certain securities or types of securities.
CCM managed $1,971,596,648 in client assets on a discretionary basis and $0 on a non-
discretionary basis as of December 31, 2023.