# Midwest Capital Advisors, LLC

> Midwest Capital Advisors, LLC is an SEC-registered investment advisory firm in Grand Rapids, MI, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 15, 2026.

- CRD: 125389
- Filed as: MIDWEST CAPITAL ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Grand Rapids, MI
- Filing period: October 2026
- Form ADV filing dated: May 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/125389
- AdvisorCensus page: https://advisorcensus.com/firm/midwest-capital-advisors-llc-grand-rapids-mi-125389

## Quick answers

**How is Midwest Capital Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Midwest Capital Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Midwest Capital Advisors, LLC located?**
Midwest Capital Advisors, LLC's principal office is in Grand Rapids, MI, according to its Form ADV.

**Is Midwest Capital Advisors, LLC registered with the SEC or a state?**
Midwest Capital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 125389.

**How much does Midwest Capital Advisors, LLC manage?**
Midwest Capital Advisors, LLC reports $1,356,576,318 in regulatory assets under management in its Form ADV filing dated May 15, 2026 (82% discretionary).

**How have Midwest Capital Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Midwest Capital Advisors, LLC: Regulatory assets under management: $567,783,128 in the October 2021 data and $1,356,576,318 in the October 2026 data, up 139%. Total employees: 7 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Midwest Capital Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (140); high net worth individuals (125); pension and profit sharing plans (but not the plan participants or government pension plans) (65).

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

**Does Midwest Capital 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/125389

**What changed in Midwest Capital Advisors, LLC's recent Form ADV filings?**
In the June 2026 filing data: Registered or notice-filed in TX.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Broadridge Business Process Outsourcing, LLC
- Charles Schwab & Co., Inc.
- Empower Financial Services, Inc.
- National Financial Services LLC

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: $1,356,576,318
- Discretionary: $1,110,560,207
- Non-discretionary: $246,016,111

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 140 | $55,936,362 |
| High net worth individuals | 125 | $291,141,324 |
| 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) | 65 | $836,745,072 |
| Charitable organizations | Fewer than 5 | $5,132,873 |
| State or municipal government entities (including government pension plans) | 7 | $155,138,151 |
| 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 | Fewer than 5 | $12,482,536 |
| Other | 0 | Not reported |

### 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
- Educational seminars/workshops

### Firm details
- Registered since: 2014 (12 years)
- Employees: 11 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL, MI, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- midwestcap.com
- Facebook @MIDWESTCAP
- LinkedIn @midwest-capital-advisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $567,783,128 | 7 | July 7, 2021 |
| October 2022 | $760,067,568 | 8 | May 2, 2022 |
| October 2023 | $767,047,736 | 8 | March 21, 2023 |
| October 2024 | $947,304,066 | 8 | June 17, 2024 |
| October 2025 | $1,125,860,722 | 9 | March 18, 2025 |
| October 2026 | $1,356,576,318 | 11 | May 15, 2026 |

Regulatory assets under management: $567,783,128 in the October 2021 data and $1,356,576,318 in the October 2026 data, up 139%.
Total employees: 7 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Registered or notice-filed in TX.

### April 2026
- Employees performing advisory functions went from 7 to 8.
- Regulatory assets under management went from $1,125,860,722 to $1,356,576,318 (+20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Midwest Capital Advisors, LLC (CRD 125389): Form ADV filing data as of October 2026.