# MSH Capital Advisors LLC

> MSH Capital Advisors LLC is an SEC-registered investment advisory firm in Scottsdale, AZ, registered since 2017, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 27, 2026.

- CRD: 157835
- Filed as: MSH CAPITAL ADVISORS LLC
- Also doing business as: BUCHANAN CAPITAL, INC., CANDOR WEALTH ADVISORS LLC, DRIFTMARK CAPITAL, SUMMIT WEALTH ADVISORS, THIEMAN INVESTMENTS, TROOP CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Scottsdale, AZ
- Filing period: October 2026
- Form ADV filing dated: April 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/157835
- AdvisorCensus page: https://advisorcensus.com/firm/msh-capital-advisors-llc-scottsdale-az-157835

## Quick answers

**How is MSH Capital Advisors LLC compensated?**
On its Form ADV (Item 5.E, October 2026), MSH Capital Advisors LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**How much does MSH Capital Advisors LLC charge?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: up to 2.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is MSH Capital Advisors LLC located?**
MSH Capital Advisors LLC's principal office is in Scottsdale, AZ, according to its Form ADV; the May 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is MSH Capital Advisors LLC registered with the SEC or a state?**
MSH Capital Advisors LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 157835.

**How much does MSH Capital Advisors LLC manage?**
MSH Capital Advisors LLC reports $1,346,296,531 in regulatory assets under management in its Form ADV filing dated April 27, 2026 (68% discretionary).

**How have MSH Capital Advisors LLC's assets and staff changed since 2021?**
In the Form ADV data for MSH Capital Advisors LLC: Regulatory assets under management: $447,235,917 in the October 2021 data and $1,346,296,531 in the October 2026 data, up 201%. Total employees: 26 in October 2021 and 35 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does MSH Capital Advisors LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,074); high net worth individuals (183); corporations or other businesses not listed above (72).

**Which custodians does MSH Capital Advisors LLC use?**
MSH Capital Advisors 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 MSH 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/157835

**What changed in MSH Capital Advisors LLC's recent Form ADV filings?**
In the May 2026 filing data: Changed its office addresses in Dallas, TX.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Asset-based fee: up to 2.5% of assets a year (the maximum the brochure states)

> The maximum advisory fee charged by MSHCA is 2.50% annually. The total advisory fee paid by the client, inclusive of any sub- advisory fee, will not exceed this maximum amount.

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: $1,346,296,531
- Discretionary: $914,511,059
- Non-discretionary: $431,785,472

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 2,074 | $389,513,000 |
| High net worth individuals | 183 | $607,111,279 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $1,586,473 |
| Charitable organizations | 12 | $14,440,898 |
| State or municipal government entities (including government pension plans) | 20 | $176,366,941 |
| Corporations or other businesses not listed above | 72 | $157,277,940 |

### 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
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2017 (9 years)
- Employees: 35 total, 14 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Billings, MT
- Dallas, TX
- Red Lodge, MT
- San Angelo, TX

### Websites listed on Form ADV (Item 1.I)
- [buchanancapitalinc.com](https://buchanancapitalinc.com)
- [candorwealthadvisors.com](https://candorwealthadvisors.com)
- [driftmarkcap.com](https://driftmarkcap.com)
- [mshcapitaladvisors.com](https://mshcapitaladvisors.com)
- [swadvisorsllc.com](https://swadvisorsllc.com)
- [thiemaninvestments.com](https://thiemaninvestments.com)
- [troopcap.com](https://troopcap.com)
- Facebook @SWAdvisorsLLC
- Facebook @ThiemanInvestments
- Facebook @Troopcap
- LinkedIn @buchanan-capital-inc.
- LinkedIn @driftmark-capital
- LinkedIn @msh-capital-advisors-llc
- LinkedIn @swadvisorsaz
- LinkedIn @thiemaninvestments
- LinkedIn @troop-capital-management
- X @ThiemanInvest
- X @driftmarkcap
- X @mshcapital
- X @swadvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $447,235,917 | 26 | June 10, 2021 |
| October 2022 | $810,981,301 | 27 | September 30, 2022 |
| October 2023 | $849,171,465 | 26 | July 12, 2023 |
| October 2024 | $1,036,575,400 | 29 | March 27, 2024 |
| October 2025 | $1,094,329,678 | 32 | April 28, 2025 |
| October 2026 | $1,346,296,531 | 35 | April 27, 2026 |

Regulatory assets under management: $447,235,917 in the October 2021 data and $1,346,296,531 in the October 2026 data, up 201%.
Total employees: 26 in October 2021 and 35 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Changed its office addresses in Dallas, TX.

### April 2026
- Employees performing advisory functions went from 11 to 14.
- Regulatory assets under management went from $1,094,329,678 to $1,346,296,531 (+23%).

### December 2025
- Added the business name Driftmark Capital.
- Added an office in Dallas, TX.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. MSH Capital Advisors LLC (CRD 157835): Form ADV filing data as of October 2026.