AdvisorCensus / Financial advisors / Massachusetts / Boston / Middleton & Company Inc.
Middleton & Company Inc. is an SEC-registered investment advisory firm in Boston, MA, registered since 1984, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 4, 2026.
Quick answers
From the filingHow is Middleton & Company Inc. compensated?
On its Form ADV (Item 5.E, October 2026), Middleton & Company Inc. reports these compensation arrangements: a percentage of assets under its management.
Where is Middleton & Company Inc. located?
Middleton & Company Inc.'s principal office is in Boston, MA, according to its Form ADV.
Is Middleton & Company Inc. registered with the SEC or a state?
Middleton & Company Inc. is an SEC-registered investment advisory firm, registered since 1984. Status as filed: Approved. CRD 104549.
How much does Middleton & Company Inc. manage?
Middleton & Company Inc. reports $1,234,225,339 in regulatory assets under management in its Form ADV filing dated May 4, 2026 (100% discretionary).
How have Middleton & Company Inc.'s assets and staff changed since 2021?
In the Form ADV data for Middleton & Company Inc.: Regulatory assets under management: $1,110,022,529 in the October 2021 data and $1,234,225,339 in the October 2026 data, up 11%. Total employees: 15 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Middleton & Company Inc. serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (238); individuals (other than high net worth individuals) (108); charitable organizations (17).
Which custodians does Middleton & Company Inc. use?
Middleton & Company Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., FNZ TRUST/STATE Street Bank and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.
Does Middleton & Company Inc. 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/104549
Does Middleton & Company Inc. state an account minimum?
Its Form ADV Part 2A brochure dated March 27, 2026 says: "Generally, Middleton’s seeks to initiate new client relationships where the family’s aggregate assets are in excess of $1,000,000, but in certain instances Middleton will waive this requirement at its sole discretion."
What changed in Middleton & Company Inc.'s recent Form ADV filings?
In the June 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
Generally, Middleton’s seeks to initiate new client relationships where the family’s aggregate assets are in excess of $1,000,000, but in certain instances Middleton will waive this requirement at its sole discretion.
As stated in the firm's Form ADV Part 2A brochure dated March 27, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,234,225,339 as of October 2026, filing dated May 4, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1984 (42 years)
- Employees
- Total: 16. Performing investment advisory functions: 7.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
18 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,234,225,339 | 16 | May 4, 2026 |
| October 2025 | $1,159,077,098 | 15 | March 28, 2025 |
| October 2024 | $1,040,720,685 | 14 | March 22, 2024 |
| October 2023 | $895,206,516 | 14 | August 9, 2023 |
| October 2022 | $1,293,176,432 | 16 | August 19, 2022 |
| October 2021 | $1,110,022,529 | 15 | March 19, 2021 |
Regulatory assets under management: $1,110,022,529 in the October 2021 data and $1,234,225,339 in the October 2026 data, up 11%.
Total employees: 15 in October 2021 and 16 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- June 2026
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Registered or notice-filed in CO, OR.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Middleton & Company Inc. (CRD 104549): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/middleton-and-company-inc-boston-ma-104549