# Mraz and Associates

> Mraz and Associates is an SEC-registered investment advisory firm in Modesto, CA, registered since 2011, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated October 1, 2026.

- CRD: 158338
- Filed as: MRAZ AND ASSOCIATES
- Legal name: Mraz, Amerine & Associates, Inc.
- Also doing business as: MRAZ AND ASSOCIATES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Modesto, CA
- Filing period: October 2026
- Form ADV filing dated: October 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158338
- AdvisorCensus page: https://advisorcensus.com/firm/mraz-and-associates-modesto-ca-158338

## Quick answers

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

**Where is Mraz and Associates located?**
Mraz and Associates' principal office is in Modesto, CA, according to its Form ADV.

**Is Mraz and Associates registered with the SEC or a state?**
Mraz and Associates is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 158338.

**How much does Mraz and Associates manage?**
Mraz and Associates reports $917,491,815 in regulatory assets under management in its Form ADV filing dated October 1, 2026 (100% discretionary).

**How have Mraz and Associates' assets and staff changed since 2021?**
In the Form ADV data for Mraz and Associates: Regulatory assets under management: $499,019,550 in the October 2021 data and $917,491,815 in the October 2026 data, up 84%. Total employees: 8 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Mraz and Associates serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (252); high net worth individuals (221); pension and profit sharing plans (but not the plan participants or government pension plans) (9).

**Which custodians does Mraz and Associates use?**
Mraz and Associates' 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 Mraz and Associates 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/158338

**Does Mraz and Associates state an account minimum?**
Its Form ADV Part 2A brochure dated July 1, 2026 says: "The firm requires a minimum of $1,000,000 in client assets to open and maintain an advisory relationship. In our sole discretion, we may waive this requirement."

**What changed in Mraz and Associates' recent Form ADV filings?**
In the October 2026 filing data: Registered or notice-filed in OR.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated July 1, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> The firm requires a minimum of $1,000,000 in client assets to open and maintain an advisory relationship. In our sole discretion, we may waive this requirement.

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: $917,491,815
- Discretionary: $917,491,815
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 252 | $100,244,821 |
| High net worth individuals | 221 | $772,548,935 |
| 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) | 9 | $26,598,588 |
| Charitable organizations | 2 | $8,059,463 |
| 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 | 3 | $10,040,008 |
| Other | 0 | $0 |

### 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

### Firm details
- Registered since: 2011 (15 years)
- Employees: 6 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, ID, OR, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mrazandassociates.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $499,019,550 | 8 | March 17, 2021 |
| October 2022 | $565,509,753 | 11 | March 11, 2022 |
| October 2023 | $586,806,254 | 8 | April 10, 2023 |
| October 2024 | $652,513,277 | 8 | May 1, 2024 |
| October 2025 | $784,862,351 | 7 | May 12, 2025 |
| October 2026 | $917,491,815 | 6 | October 1, 2026 |

Regulatory assets under management: $499,019,550 in the October 2021 data and $917,491,815 in the October 2026 data, up 84%.
Total employees: 8 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Registered or notice-filed in OR.

### April 2026
- Employees performing advisory functions went from 6 to 5.
- Regulatory assets under management went from $784,862,351 to $917,491,815 (+17%).

### February 2026
- Registered or notice-filed in CO, ID, WA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mraz and Associates (CRD 158338): Form ADV filing data as of October 2026.