# Mbia Capital Advisors

> 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.

- CRD: 154255
- Filed as: MBIA CAPITAL ADVISORS
- Legal name: M&B Investment Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Cincinnati, OH
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/154255
- AdvisorCensus page: https://advisorcensus.com/firm/mbia-capital-advisors-cincinnati-oh-154255

## Quick answers

**How is Mbia Capital Advisors compensated?**
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).

**Where is Mbia Capital Advisors located?**
Mbia Capital Advisors' principal office is in Cincinnati, OH, according to its Form ADV.

**Is Mbia Capital Advisors registered with the SEC or a state?**
Mbia Capital Advisors is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 154255.

**How much does Mbia Capital Advisors manage?**
Mbia Capital Advisors reports $290,225,013 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Mbia Capital Advisors' assets and staff changed since 2024?**
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.

**What types of clients does Mbia Capital Advisors serve?**
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).

**Which custodians does Mbia Capital Advisors use?**
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.

**Does Mbia Capital Advisors 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/154255

**Does Mbia Capital Advisors state an account minimum?**
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."

**What changed in Mbia Capital Advisors' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $232,030,930 to $290,225,013 (+25%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: None

> There is no minimum account size required to open an account or to maintain an account once opened.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Morgan Stanley
- UBS Financial Services Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $290,225,013
- Discretionary: $290,225,013
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 176 | $33,258,315 |
| High net worth individuals | 81 | $256,941,353 |
| Charitable organizations | 1 | $25,345 |

### 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
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2024 (2 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CO, FL, IN, MA, OH, SC, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mbiateam.com
- LinkedIn @kurtmarty
- LinkedIn @lionelbey
- LinkedIn @michael-w-bain-jr-cpa-cfp®-cima®-99729a1
- LinkedIn @timothy-ginn-67b91b9
- X @MichaelBainJr2
- X @kurtistrange

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $135,179,038 | 3 | September 11, 2024 |
| October 2025 | $232,030,930 | 5 | April 1, 2025 |
| October 2026 | $290,225,013 | 5 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $232,030,930 to $290,225,013 (+25%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mbia Capital Advisors (CRD 154255): Form ADV filing data as of October 2026.