{
  "crd_number": 115120,
  "slug": "mcelhenny-sheffield-capital-management-llc-dallas-tx-115120",
  "primary_business_name": "MCELHENNY SHEFFIELD CAPITAL MANAGEMENT, LLC",
  "legal_name": "MCELHENNY SHEFFIELD CAPITAL MANAGEMENT, LLC",
  "dbas": [],
  "city": "Dallas",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "19100",
  "metro": {
    "cbsa_code": "19100",
    "common_name": "Dallas",
    "msa_name": "Dallas-Fort Worth-Arlington, TX",
    "path": "/advisors/tx/dallas"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-01-15",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-07-14",
  "carried_forward": false,
  "raum_total": 663171788.0,
  "raum_discretionary": 663171788.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 7,
  "advisory_employees": 7,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 5082589.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 155728497.0,
      "count": 658
    },
    "investment_companies": {
      "raum": 152129120.0,
      "count": 1
    },
    "high_net_worth_individuals": {
      "raum": 350231582.0,
      "count": 99
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 3,
  "states_registered": [
    "TX"
  ],
  "websites": [
    "https://facebook.com/McElhennySheffield",
    "https://linkedin.com/company/mcelhenny-sheffield-capital-management",
    "https://mscm.net",
    "https://mscmfunds.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/115120",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "DALLAS",
  "url": "https://advisorcensus.com/firm/mcelhenny-sheffield-capital-management-llc-dallas-tx-115120",
  "display_name": "McElhenny Sheffield Capital Management, LLC",
  "summary": "McElhenny Sheffield Capital Management, LLC is an SEC-registered investment advisory firm in Dallas, TX, registered since 2014, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 14, 2026.",
  "citation": "AdvisorCensus. McElhenny Sheffield Capital Management, LLC (CRD 115120): 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)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is McElhenny Sheffield Capital Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), McElhenny Sheffield Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is McElhenny Sheffield Capital Management, LLC located?",
      "a": "McElhenny Sheffield Capital Management, LLC's principal office is in Dallas, TX, according to its Form ADV."
    },
    {
      "q": "Is McElhenny Sheffield Capital Management, LLC registered with the SEC or a state?",
      "a": "McElhenny Sheffield Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 115120."
    },
    {
      "q": "How much does McElhenny Sheffield Capital Management, LLC manage?",
      "a": "McElhenny Sheffield Capital Management, LLC reports $663,171,788 in regulatory assets under management in its Form ADV filing dated July 14, 2026 (100% discretionary)."
    },
    {
      "q": "How have McElhenny Sheffield Capital Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for McElhenny Sheffield Capital Management, LLC: Regulatory assets under management: $347,196,579 in the October 2021 data and $663,171,788 in the October 2026 data, up 91%. Total employees: 8 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does McElhenny Sheffield Capital Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (658); high net worth individuals (99); investment companies (1)."
    },
    {
      "q": "Which custodians does McElhenny Sheffield Capital Management, LLC use?",
      "a": "McElhenny Sheffield Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Raymond James & Associates, Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does McElhenny Sheffield Capital Management, LLC report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/115120"
    },
    {
      "q": "What changed in McElhenny Sheffield Capital Management, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $508,653,236 to $663,171,788 (+30%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 347196579.0,
      "total_employees": 8,
      "filing_date": "2021-04-13"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 462873543.0,
      "total_employees": 8,
      "filing_date": "2022-09-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 391924718.0,
      "total_employees": 7,
      "filing_date": "2023-06-07"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 419382153.0,
      "total_employees": 5,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 508653236.0,
      "total_employees": 7,
      "filing_date": "2025-07-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 663171788.0,
      "total_employees": 7,
      "filing_date": "2026-07-14"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $508,653,236 to $663,171,788 (+30%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Raymond James & Associates, Inc.",
      "name_as_filed": "RAYMOND JAMES & ASSOCIATES, 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/mcelhenny-sheffield-capital-management-llc-dallas-tx-115120.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 658,
      "fewer_than_5": false,
      "raum": 155728497.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 99,
      "fewer_than_5": false,
      "raum": 350231582.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 152129120.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 5082589.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "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/115120",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}