DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

M•••••• C•••••• A•••••••• L••

Wealth manager with institutional or fund businessGrand Rapids, MichiganCRD 125389SEC 801-79681websiteIAPD
Latest filing May 15, 2026
First filing on the tape Mar 30, 2012 · 29 filings
SEC status approved since May 2, 2014
RAUM
$1.4B
reported, Item 5.F
Discretionary
82%
of RAUM
Private clients
26%
$347M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$170M
derived; firm RAUM over IAPD count
Employees
11
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$1.4B as of May 15, 2026
Mar 30, 2012$62.7M then
HNW client RAUM$291M as of May 15, 2026
Mar 15, 2018$53.1M then
State-registered IARs (5.B.3)8 as of May 15, 2026
Mar 30, 20120 then
Employees (5.A)11 as of May 15, 2026
Mar 18, 20156 then
Private funds: no history
RAUM +20% over the last fiscal year+21% a year over threeIARs 7 to 8
Practice profile
derived from the filing of May 15, 2026; every figure names its basis
Archetypes, each a printed rule
  • Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
  • Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
RAUM per advisor
$170MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
33derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.3MderivedHNW RAUM over HNW clients
Average account
$1.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
82%derivedof RAUM
Institutional
73%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
8.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
+14%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.2%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, educational seminarsreportedItem 5.G
Financial planning clients
500reportedItem 5.H
Custody
$59.6M, 101 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$837M62%
  • High-net-worth individuals$291M21%
  • State and municipal entities$155M11%
  • Individuals$55.9M4.1%
  • Corporations and businesses$12.5M0.9%
  • Charitable organizations$5.1M0.4%
Individual clients
140reported
HNW clients
125reported
Pension plan clients
65reported
Charitable clients
n/areported
Accounts
971reported
Financial planning clients
500reported
Wrap fee programs
noreported
Custody of client assets
$59.6M for 101 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.26 fund_share=0.0 institutional_share=0.73 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M•••••• D•••• D•••••••Grand Rapids, MiJul 2, 201016 y0
J••• N••••••• T••••Certified Financial PlannerGrand Rapids, MiMar 17, 201412 y0
M••• R•••••• S•••••••Certified Financial PlannerGrand Rapids, MiJan 22, 201520 y1
S•••• M•••••• M•••Grand Rapids, MiFeb 28, 202310 y5
O••••• M•••••Grand Rapids, MiDec 22, 202312 y0
K•••••• S••••• S••••••Grand Rapids, MiSep 26, 202411 y1
J••••• A• W••••••Grand Rapids, MiAug 26, 202512 y1
B•••••• T•••••Certified Financial PlannerGrand Rapids, MiAug 26, 202513 y4
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount3 left over 36 months
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D•••••••• M••••••• D•••• · Member, Managercontrol
    since 01/2014 · owns 25% to 50%
  • S•••••••• M•••• R•••••• · Membercontrol
    since 01/2019 · owns 25% to 50%
  • T••••• J•••• N••••••• · Membercontrol
    since 01/2019 · owns 25% to 50%
  • G••••••• J••••••• A• · Member
    since 01/2003 · owns less than 5%
  • S••••• H••••• G••••••• · Member
    since 01/2003 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Grand Rapids, Mi · principal800
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • high institutional concentrationStatic outlier · filing May 15, 2026
    institutional share of RAUM of 73% against a peer median of 3% (1362 comparable advisers, 99.0th percentile, 17.6 robust deviations)
    peers: independent wealth managers, $1B to $5B (1,362) · 99% percentile
What changed
consecutive filings, newest first
  • Accounts · 867 to 971
    Aug 26, 2025 to Mar 20, 2026
  • Advisory employees · 7 to 8
    Aug 26, 2025 to Mar 20, 2026
  • Charity clients · 10.0 to unset
    Aug 26, 2025 to Mar 20, 2026
  • Individual clients · 127 to 140
    Aug 26, 2025 to Mar 20, 2026
  • Pension plan clients · 59 to 65
    Aug 26, 2025 to Mar 20, 2026
  • Assets in custody · $3.8M to $59.6M
    Aug 26, 2025 to Mar 20, 2026
  • Employees · 9 to 11
    Aug 26, 2025 to Mar 20, 2026
  • Financial planning clients · 101-250 to More than 500
    Aug 26, 2025 to Mar 20, 2026
  • State-registered IARs · 7 to 8
    Aug 26, 2025 to Mar 20, 2026
  • Discretionary RAUM · $925M to $1.1B
    Aug 26, 2025 to Mar 20, 2026
  • HNW RAUM · $240M to $291M
    Aug 26, 2025 to Mar 20, 2026
  • Individual RAUM · $38.2M to $55.9M
    Aug 26, 2025 to Mar 20, 2026
  • Non-discretionary RAUM · $201M to $246M
    Aug 26, 2025 to Mar 20, 2026
  • Pension RAUM · $798M to $837M
    Aug 26, 2025 to Mar 20, 2026
  • RAUM · $1.1B to $1.4B
    Aug 26, 2025 to Mar 20, 2026
  • Accounts · 891 to 867
    Oct 18, 2024 to Mar 18, 2025
  • Charity clients · 5 to 10
    Oct 18, 2024 to Mar 18, 2025
  • Corporate clients · 2 to 0
    Oct 18, 2024 to Mar 18, 2025
  • HNW clients · 100 to 125
    Oct 18, 2024 to Mar 18, 2025
  • Individual clients · 214 to 127
    Oct 18, 2024 to Mar 18, 2025
  • Pension plan clients · 52 to 59
    Oct 18, 2024 to Mar 18, 2025
  • Assets in custody · $4.9M to $3.8M
    Oct 18, 2024 to Mar 18, 2025
  • Employees · 8 to 9
    Oct 18, 2024 to Mar 18, 2025
  • Financial planning clients · 0 to 101-250
    Oct 18, 2024 to Mar 18, 2025
  • Discretionary RAUM · $779M to $925M
    Oct 18, 2024 to Mar 18, 2025
  • HNW RAUM · $180M to $240M
    Oct 18, 2024 to Mar 18, 2025
  • Individual RAUM · $54.8M to $38.2M
    Oct 18, 2024 to Mar 18, 2025
  • Non-discretionary RAUM · $168M to $201M
    Oct 18, 2024 to Mar 18, 2025
  • Pension RAUM · $575M to $798M
    Oct 18, 2024 to Mar 18, 2025
  • RAUM · $947M to $1.1B
    Oct 18, 2024 to Mar 18, 2025
  • Accounts · 780 to 891
    Mar 21, 2023 to Mar 27, 2024
  • HNW clients · 87 to 100
    Mar 21, 2023 to Mar 27, 2024
  • Individual clients · 210 to 214
    Mar 21, 2023 to Mar 27, 2024
  • Assets in custody · $5.1M to $4.9M
    Mar 21, 2023 to Mar 27, 2024
  • Discretionary RAUM · $631M to $779M
    Mar 21, 2023 to Mar 27, 2024
  • HNW RAUM · $136M to $180M
    Mar 21, 2023 to Mar 27, 2024
  • Individual RAUM · $41.8M to $54.8M
    Mar 21, 2023 to Mar 27, 2024
  • Non-discretionary RAUM · $136M to $168M
    Mar 21, 2023 to Mar 27, 2024
  • Pension RAUM · $473M to $575M
    Mar 21, 2023 to Mar 27, 2024
  • RAUM · $767M to $947M
    Mar 21, 2023 to Mar 27, 2024
Signals
7 dated events
  • J•••••• C••••• F••••••• left M•••••• C•••••• A•••••••• L•• for F•••• P••••••• W•••••• L•• (registered 2025-04-09)
    Apr 11, 2025 · a•••••• firm change · fact
  • S•••••• J•• W•••• left M•••••• C•••••• A•••••••• L•• for E••••• F•••••••• N••••••• I••• (registered 2025-04-09)
    Oct 18, 2024 · a•••••• firm change · fact
  • Jay S•••••• W•••• (Chief Compliance Officer) no longer on Schedule A of M•••••• C•••••• A•••••••• L•• (listed 2024-06-17, absent 2024-10-18)
    Oct 18, 2024 · Control person left · inference
  • L•••• A•• T••• C••••••• left M•••••• C•••••• A•••••••• L•• for E••••• F•••••••• N••••••• I••• (registered 2024-03-28)
    Feb 26, 2024 · a•••••• firm change · fact
  • M•••••• C•••••• A•••••••• L•• reported RAUM $760.1M, up 34% from $567.8M (2022-01-05 to 2022-03-08)
    Mar 8, 2022 · RAUM change · derived
  • M•••••• C•••••• A•••••••• L•• reported RAUM $481.7M, up 33% from $362.7M (2019-10-08 to 2020-03-26)
    Mar 26, 2020 · RAUM change · derived
  • M•••••• C•••••• A•••••••• L•• filed its initial SEC registration (Form ADV)
    Apr 23, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Business email
info@midwestcap.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone
877-269-4032reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
616-454-9600reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
616-454-9608reportedpublished by the firm, firm site, Sep 16, 2026
Firm profile
linkedin.com/company/midwest-capital-advisorsreportedpublic record, Form ADV, Sep 18, 2026
Website
H•••S://WWW.M•••••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
616-454-9600reportedpublic record, Form ADV, May 15, 2026
Contact form
midwestcap.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
RAUM per advisor
$170Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026