# MCF Advisors, LLC

> MCF Advisors, LLC is an SEC-registered investment advisory firm in Lexington, KY, registered since 2004, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 24, 2026.

- CRD: 130372
- Filed as: MCF ADVISORS, LLC
- Also doing business as: D/B/A MCF, D/B/A MCF INSTITUTIONAL, D/B/A MCF PRIVATE INVESTMENTS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lexington, KY
- Filing period: October 2026
- Form ADV filing dated: August 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/130372
- AdvisorCensus page: https://advisorcensus.com/firm/mcf-advisors-llc-lexington-ky-130372

## Quick answers

**How is MCF Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), MCF Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is MCF Advisors, LLC located?**
MCF Advisors, LLC's principal office is in Lexington, KY, according to its Form ADV; the September 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is MCF Advisors, LLC registered with the SEC or a state?**
MCF Advisors, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 130372.

**How much does MCF Advisors, LLC manage?**
MCF Advisors, LLC reports $4,684,530,591 in regulatory assets under management in its Form ADV filing dated August 24, 2026 (74% discretionary).

**How have MCF Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for MCF Advisors, LLC: Regulatory assets under management: $2,168,282,120 in the October 2021 data and $4,684,530,591 in the October 2026 data, up 116%. Total employees: 23 in October 2021 and 55 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does MCF Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,792); high net worth individuals (648); pension and profit sharing plans (but not the plan participants or government pension plans) (69).

**Which custodians does MCF Advisors, LLC use?**
MCF Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Empower as custodians holding 10% or more of its separately managed account assets.

**Does MCF Advisors, LLC 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/130372

**What changed in MCF Advisors, LLC's recent Form ADV filings?**
In the September 2026 filing data: Registered or notice-filed in LA, MN, NE, NH.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Empower

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: $4,684,530,591
- Discretionary: $3,465,332,630
- Non-discretionary: $1,219,197,961

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 2,792 | $393,854,414 |
| High net worth individuals | 648 | $2,178,543,888 |
| Banking or thrift institutions | 1 | $16,094,360 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 69 | $1,852,719,794 |
| Charitable organizations | 21 | $114,739,734 |
| Corporations or other businesses not listed above | 8 | $128,578,401 |

### 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)

### Firm details
- Registered since: 2004 (22 years)
- Employees: 55 total, 30 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AR, AZ, CA, CO, FL, GA, IL, IN, KS, KY, LA, MD, MI, MN, MO, NC, NE, NH, NY, OH, OK, SC, TN, TX, VA, WA, WV
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Cincinnati, OH
- Covington, KY
- Louisville, KY
- Newport, KY

### Websites listed on Form ADV (Item 1.I)
- mcfadvisors.com
- mcfinstitutional.com
- Facebook @mcfadvisors
- Instagram @mcfadvisors
- LinkedIn @mcf-advisors
- YouTube @mcfadvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,168,282,120 | 23 | July 15, 2021 |
| October 2022 | $2,695,572,757 | 26 | July 13, 2022 |
| October 2023 | $2,325,163,035 | 35 | July 10, 2023 |
| October 2024 | $2,885,125,803 | 34 | July 23, 2024 |
| October 2025 | $3,329,345,692 | 33 | March 31, 2025 |
| October 2026 | $4,684,530,591 | 55 | August 24, 2026 |

Regulatory assets under management: $2,168,282,120 in the October 2021 data and $4,684,530,591 in the October 2026 data, up 116%.
Total employees: 23 in October 2021 and 55 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Registered or notice-filed in LA, MN, NE, NH.

### June 2026
- Added an office in Newport, KY.
- No longer lists an office in Louisville, KY.
- Registered or notice-filed in KS.

### April 2026
- Employees performing advisory functions went from 18 to 30.
- Regulatory assets under management went from $3,329,345,692 to $4,684,530,591 (+41%).
- Added an office in Cincinnati, OH.
- Registered or notice-filed in CO, GA, OK, WV.

### March 2026
- No longer lists an office in Lexington, KY.

### February 2026
- Added an office in Louisville, KY.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Registered or notice-filed in WA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. MCF Advisors, LLC (CRD 130372): Form ADV filing data as of October 2026.