# Middle Street Capital, LLC > Middle Street Capital, LLC is an SEC-registered investment advisory firm in Newfields, NH, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 1, 2026. - CRD: 226513 - Filed as: MIDDLE STREET CAPITAL, LLC - Also doing business as: PENSIONONE - Registration: SEC-registered investment adviser (status as filed: Approved) - Location: Newfields, NH - Filing period: October 2026 - Form ADV filing dated: May 1, 2026 - SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/226513 - AdvisorCensus page: https://advisorcensus.com/firm/middle-street-capital-llc-newfields-nh-226513 ## Quick answers **How is Middle Street Capital, LLC compensated?** On its Form ADV (Item 5.E, October 2026), Middle Street Capital, LLC reports these compensation arrangements: a percentage of assets under its management. **What does Middle Street Capital, LLC's brochure say about its fees?** Its Form ADV Part 2A brochure dated May 1, 2026 states: Up to $2,000,000: 0.5% a year; $2,000,001 to $10,000,000: 0.25% a year; Above $10,000,001: 0.125% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement. **Where is Middle Street Capital, LLC located?** Middle Street Capital, LLC's principal office is in Newfields, NH, according to its Form ADV. **Is Middle Street Capital, LLC registered with the SEC or a state?** Middle Street Capital, LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 226513. **How much does Middle Street Capital, LLC manage?** Middle Street Capital, LLC reports $132,117,391 in regulatory assets under management in its Form ADV filing dated May 1, 2026 (99% discretionary). **What types of clients does Middle Street Capital, LLC serve?** By number of clients on Form ADV Item 5.D: high net worth individuals (41); individuals (other than high net worth individuals) (38); charitable organizations (1). **Which custodians does Middle Street Capital, LLC use?** Middle Street Capital, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets. **Does Middle Street Capital, 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/226513 **Does Middle Street Capital, LLC state an account minimum?** Its Form ADV Part 2A brochure dated May 1, 2026 says: "There is an account minimum of $25,000 or at least one other account in the household that is above the $25K minimum, which may be waived by MSCL in its discretion." **What changed in Middle Street Capital, LLC's recent Form ADV filings?** In the July 2026 filing data: Newly registered with the SEC. ## From the Form ADV filing ### Compensation (Item 5.E) - A percentage of assets under your management ### Fees and minimums (Form ADV Part 2A brochure dated May 1, 2026) - Up to $2,000,000: 0.5% a year - $2,000,001 to $10,000,000: 0.25% a year - Above $10,000,001: 0.125% a year > Total Assets Under Management Annual Fee $0 – $2,000,000 0.50% $2,000,001 – $10,000,000 0.25% $10,000,001 and Up 0.125% > These fees are generally negotiable and the final fee schedule is attached as Exhibit II of the Investment Advisory Contract; - Account minimum: $25,000 (the brochure says it may be waived or negotiated) > There is an account minimum of $25,000 or at least one other account in the household that is above the $25K minimum, which may be waived by MSCL in its discretion. 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. 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: $132,117,391 - Discretionary: $130,714,537 - Non-discretionary: $1,402,854 ### Clients (Item 5.D) | Client type | Clients | Assets | | --- | --- | --- | | Individuals (other than high net worth individuals) | 38 | $16,073,594 | | High net worth individuals | 41 | $114,282,733 | | Banking or thrift institutions | 0 | $0 | | Investment companies | 0 | $0 | | Business development companies | 0 | $0 | | Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 | | Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 | | Charitable organizations | 1 | $1,761,064 | | State or municipal government entities (including government pension plans) | 0 | $0 | | Other investment advisers | 0 | $0 | | Insurance companies | 0 | $0 | | Sovereign wealth funds and foreign official institutions | 0 | $0 | | Corporations or other businesses not listed above | 0 | $0 | | Other | 0 | $0 | ### Advisory services (Item 5.G) - Financial planning services - Portfolio management for individuals and/or small businesses ### Firm details - Registered since: 2026 (0 years) - Employees: 1 total, 1 performing advisory functions - Wrap fee program participation: No - States registered or notice-filed: CA, MA, ME, NH - Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11. ### Websites listed on Form ADV (Item 1.I) - middlestreetcapital.com - pension-one.com - LinkedIn @paul-barry-247b29160 ## Changes in the filing (last 12 months) ### July 2026 - Newly registered with the SEC. ## Source Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Middle Street Capital, LLC (CRD 226513): Form ADV filing data as of October 2026.