# Mitchell, McLeod, Pugh & Williams, Inc.

> Mitchell, McLeod, Pugh & Williams, Inc. is an SEC-registered investment advisory firm in Mobile, AL, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 30, 2026.

- CRD: 138240
- Filed as: MITCHELL, MCLEOD, PUGH & WILLIAMS, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Mobile, AL
- Filing period: October 2026
- Form ADV filing dated: July 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/138240
- AdvisorCensus page: https://advisorcensus.com/firm/mitchell-mcleod-pugh-and-williams-inc-mobile-al-138240

## Quick answers

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

**Where is Mitchell, McLeod, Pugh & Williams, Inc. located?**
Mitchell, McLeod, Pugh & Williams, Inc.'s principal office is in Mobile, AL, according to its Form ADV.

**Is Mitchell, McLeod, Pugh & Williams, Inc. registered with the SEC or a state?**
Mitchell, McLeod, Pugh & Williams, Inc. is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 138240.

**How much does Mitchell, McLeod, Pugh & Williams, Inc. manage?**
Mitchell, McLeod, Pugh & Williams, Inc. reports $2,657,582,515 in regulatory assets under management in its Form ADV filing dated July 30, 2026 (72% discretionary).

**How have Mitchell, McLeod, Pugh & Williams, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Mitchell, McLeod, Pugh & Williams, Inc.: Regulatory assets under management: $1,562,467,667 in the October 2021 data and $2,657,582,515 in the October 2026 data, up 70%. Total employees: 13 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Mitchell, McLeod, Pugh & Williams, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (538); high net worth individuals (397); pension and profit sharing plans (but not the plan participants or government pension plans) (76).

**Which custodians does Mitchell, McLeod, Pugh & Williams, Inc. use?**
Mitchell, McLeod, Pugh & Williams, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Ascensus Trust Company and Charles Schwab & Co., Inc. as custodians holding 10% or more of its separately managed account assets.

**Does Mitchell, McLeod, Pugh & Williams, 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/138240

**What changed in Mitchell, McLeod, Pugh & Williams, Inc.'s recent Form ADV filings?**
In the January 2026 filing data: Employees performing advisory functions went from 10 to 9. Regulatory assets under management went from $2,266,674,940 to $2,704,793,068 (+19%). Updated its list of owners and control persons (Schedule A).

## 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))
- Ascensus Trust Company
- 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: $2,657,582,515
- Discretionary: $1,907,705,857
- Non-discretionary: $749,876,658

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 538 | $170,154,033 |
| High net worth individuals | 397 | $1,569,153,412 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 76 | $775,825,409 |
| Charitable organizations | 12 | $92,650,800 |
| State or municipal government entities (including government pension plans) | 1 | $11,478,015 |
| Corporations or other businesses not listed above | 22 | $38,320,846 |

### 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
- Publication of periodicals or newsletters
- Other

### Firm details
- Registered since: 2006 (20 years)
- Employees: 17 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, FL, GA, LA, MS, NC, TN, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mmpw.com
- LinkedIn @mitchell-mcleod-pugh-&-williams

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,562,467,667 | 13 | May 6, 2021 |
| October 2022 | $1,879,431,591 | 13 | March 23, 2022 |
| October 2023 | $1,688,741,997 | 15 | June 6, 2023 |
| October 2024 | $2,017,918,979 | 15 | March 26, 2024 |
| October 2025 | $2,266,674,940 | 16 | March 28, 2025 |
| October 2026 | $2,657,582,515 | 17 | July 30, 2026 |

Regulatory assets under management: $1,562,467,667 in the October 2021 data and $2,657,582,515 in the October 2026 data, up 70%.
Total employees: 13 in October 2021 and 17 in October 2026.

## Changes in the filing (last 12 months)

### January 2026
- Employees performing advisory functions went from 10 to 9.
- Regulatory assets under management went from $2,266,674,940 to $2,704,793,068 (+19%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mitchell, McLeod, Pugh & Williams, Inc. (CRD 138240): Form ADV filing data as of October 2026.