{
  "crd_number": 154255,
  "slug": "mbia-capital-advisors-cincinnati-oh-154255",
  "primary_business_name": "MBIA CAPITAL ADVISORS",
  "legal_name": "M&B INVESTMENT ADVISORS, LLC",
  "dbas": [],
  "city": "Cincinnati",
  "state": "OH",
  "country": "United States",
  "cbsa_code": "17140",
  "metro": {
    "cbsa_code": "17140",
    "common_name": "Cincinnati",
    "msa_name": "Cincinnati, OH-KY-IN",
    "path": "/advisors/oh/cincinnati"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2024-04-29",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 290225013.0,
  "raum_discretionary": 290225013.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 5,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 25345.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 33258315.0,
      "count": 176
    },
    "high_net_worth_individuals": {
      "raum": 256941353.0,
      "count": 81
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CO",
    "FL",
    "IN",
    "MA",
    "OH",
    "SC",
    "TX"
  ],
  "websites": [
    "https://linkedin.com/in/kurtmarty",
    "https://linkedin.com/in/lionelbey",
    "https://linkedin.com/in/michael-w-bain-jr-cpa-cfp%C2%AE-cima%C2%AE-99729a1",
    "https://linkedin.com/in/timothy-ginn-67b91b9",
    "https://mbiateam.com",
    "https://twitter.com/MichaelBainJr2",
    "https://twitter.com/kurtistrange"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/154255",
  "city_as_filed": "CINCINNATI",
  "url": "https://advisorcensus.com/firm/mbia-capital-advisors-cincinnati-oh-154255",
  "display_name": "Mbia Capital Advisors",
  "summary": "Mbia Capital Advisors is an SEC-registered investment advisory firm in Cincinnati, OH, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Mbia Capital Advisors (CRD 154255): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Mbia Capital Advisors compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Mbia Capital Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Mbia Capital Advisors located?",
      "a": "Mbia Capital Advisors' principal office is in Cincinnati, OH, according to its Form ADV."
    },
    {
      "q": "Is Mbia Capital Advisors registered with the SEC or a state?",
      "a": "Mbia Capital Advisors is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 154255."
    },
    {
      "q": "How much does Mbia Capital Advisors manage?",
      "a": "Mbia Capital Advisors reports $290,225,013 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)."
    },
    {
      "q": "How have Mbia Capital Advisors' assets and staff changed since 2024?",
      "a": "In the Form ADV data for Mbia Capital Advisors: Regulatory assets under management: $135,179,038 in the October 2024 data and $290,225,013 in the October 2026 data, up 115%. Total employees: 3 in October 2024 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Mbia Capital Advisors serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (176); high net worth individuals (81); charitable organizations (1)."
    },
    {
      "q": "Which custodians does Mbia Capital Advisors use?",
      "a": "Mbia Capital Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Morgan Stanley and UBS Financial Services Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Mbia Capital Advisors report any disciplinary disclosures?",
      "a": "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/154255"
    },
    {
      "q": "Does Mbia Capital Advisors state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"There is no minimum account size required to open an account or to maintain an account once opened.\""
    },
    {
      "q": "What changed in Mbia Capital Advisors' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $232,030,930 to $290,225,013 (+25%)."
    }
  ],
  "filing_history": [
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 135179038.0,
      "total_employees": 3,
      "filing_date": "2024-09-11"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 232030930.0,
      "total_employees": 5,
      "filing_date": "2025-04-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 290225013.0,
      "total_employees": 5,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $232,030,930 to $290,225,013 (+25%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "There is no minimum account size required to open an account or to maintain an account once opened."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "There is no minimum account size required to open an account or to maintain an account once opened."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Morgan Stanley",
      "name_as_filed": "MORGAN STANLEY",
      "affiliated": false
    },
    {
      "name": "UBS Financial Services Inc.",
      "name_as_filed": "UBS FINANCIAL SERVICES INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/mbia-capital-advisors-cincinnati-oh-154255.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 176,
      "fewer_than_5": false,
      "raum": 33258315.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 81,
      "fewer_than_5": false,
      "raum": 256941353.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 25345.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/154255",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}