AdvisorCensus / Financial advisors / Mississippi / Jackson / MAG Cap
MAG Cap is an SEC-registered investment advisory firm in Ridgeland, MS, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 9, 2026.
Quick answers
From the filingHow is MAG Cap compensated?
On its Form ADV (Item 5.E, October 2026), MAG Cap reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
What does MAG Cap's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 6, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is MAG Cap located?
MAG Cap's principal office is in Ridgeland, MS, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).
Is MAG Cap registered with the SEC or a state?
MAG Cap is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 298398.
How much does MAG Cap manage?
MAG Cap reports $1,691,479,335 in regulatory assets under management in its Form ADV filing dated March 9, 2026 (61% discretionary).
How have MAG Cap's assets and staff changed since 2021?
In the Form ADV data for MAG Cap: Regulatory assets under management: $1,039,310,055 in the October 2021 data and $1,691,479,335 in the October 2026 data, up 63%. Total employees: 14 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does MAG Cap serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,201); high net worth individuals (236); pension and profit sharing plans (but not the plan participants or government pension plans) (80).
Which custodians does MAG Cap use?
MAG Cap's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Raymond James & Associates, Inc. as a custodian holding 10% or more of its separately managed account assets.
Does MAG Cap report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/298398
Does MAG Cap state an account minimum?
Its Form ADV Part 2A brochure dated March 6, 2026 says: "We typically do not impose a minimum account size or a set minimum annual fee for investment advisory services."
What changed in MAG Cap's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $1,482,714,109 to $1,691,479,335 (+14%). Added an office in Greenwood, MS. No longer lists an office in Birmingham, AL. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: up to 2% of assets a year (the maximum the brochure states)
The brochure's wording
Percentage of Assets under Management: Clients will be charged as a percentage of assets under management with us, according to the schedule set forth in the client management agreement between us and the client, provided, however, that the annual fee would not exceed two percent (2%);
Account minimum: None
The brochure's wording
We typically do not impose a minimum account size or a set minimum annual fee for investment advisory services.
Minimum annual fee: None
The brochure's wording
We typically do not impose a minimum account size or a set minimum annual fee for investment advisory services.
As stated in the firm's Form ADV Part 2A brochure dated March 6, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,691,479,335 as of October 2026, filing dated March 9, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops
Registration and firm details
Items 1, 2, 5- Legal name
- Magnolia Capital Advisors LLC
- Also doing business as
- MAG CAP, MAG CAP ADVISORS, MILESTONE INVESTMENT GROUP
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2018 (8 years)
- Employees
- Total: 18. Performing investment advisory functions: 13.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
2 other offices, as of the April 2026 filing
- States registered or notice-filed
-
11 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,691,479,335 | 18 | March 9, 2026 |
| October 2025 | $1,482,714,109 | 18 | April 1, 2025 |
| October 2024 | $1,148,400,486 | 18 | September 23, 2024 |
| October 2023 | $884,246,588 | 13 | June 7, 2023 |
| October 2022 | $1,130,198,212 | 13 | September 29, 2022 |
| October 2021 | $1,039,310,055 | 14 | August 30, 2021 |
Regulatory assets under management: $1,039,310,055 in the October 2021 data and $1,691,479,335 in the October 2026 data, up 63%.
Total employees: 14 in October 2021 and 18 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $1,482,714,109 to $1,691,479,335 (+14%).
- Added an office in Greenwood, MS.
- No longer lists an office in Birmingham, AL.
- Updated its list of owners and control persons (Schedule A).
- January 2026
- Changed its office addresses in Columbus, MS.
- No longer lists an office in Jackson, MS.
- No longer lists an office in Ocean Springs, MS.
- No longer lists an office in Ridgeland, MS.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. MAG Cap (CRD 298398): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/mag-cap-ridgeland-ms-298398