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.
SEC-registered adviser
Mhs Advisory Services, LLC
Latest filing Aug 19, 2026
First filing on the tape Jan 13, 2015 · 25 filings
SEC status approved since Jan 26, 2015
RAUM
$253M
reported, Item 5.F
Discretionary
68%
of RAUM
Private clients
100%
$253M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$63.3M
derived; firm RAUM over IAPD count
Employees
7
7 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$253M as of Aug 19, 2026
Mar 28, 2016$133M then
HNW client RAUM$148M as of Aug 19, 2026
Mar 15, 2018$77.5M then
State-registered IARs (5.B.3)7 as of Aug 19, 2026
Mar 28, 20164 then
Employees (5.A)7 as of Aug 19, 2026
Mar 28, 20166 then
Private funds: no history
RAUM +6.2% over the last fiscal year+13% a year over threeIARs 7 to 7
Practice profile
derived from the filing of Aug 19, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $63.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 78derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.1MderivedHNW RAUM over HNW clients
- Average account
- $219,908derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 68%derivedof RAUM
- Institutional
- 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 2.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +6.2%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -1.0%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$148M58%
- Individuals$105M42%
- Charitable organizations$303,4750.1%
- Corporations and businesses$279,4120.1%
- Individual clients
- 240reported
- HNW clients
- 70reported
- Pension plan clients
- 0reported
- Charitable clients
- 2reported
- Accounts
- 1,152reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=7.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| John Christopher SherwinCertified Financial Planner | Minnetonka, Mn | Jan 28, 2015 | 24 y | 5 |
| Thomas Ralph HokrChartered Financial Consultant | Maple Grove, Mn | Jan 28, 2015 | 42 y | 3 |
| Jeffrey Roland Sells | Minnetonka, Mn | May 11, 2015 | 29 y | 1 |
| Steven James Hill | Minnetonka, Mn | Jan 16, 2018 | 24 y | 2 |
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 headcount0 left over 36 months
Left, latest
- Tyler W Armstrong to Cetera Advisor Networks LLCAug 7, 2018 · Other
Joined, latest
- Steven James Hill from Signator Investors, Inc.Jan 16, 2018 · Other
- Jeffrey Roland Sells from Martin Advisory Services, Inc.May 11, 2015 · Other
- Tyler W Armstrong from Investors Capital AdvisoryMar 18, 2015 · Other
- John Christopher Sherwin from The Capital Advisory Group Advisory Services, LLCJan 28, 2015 · Other
- Thomas Ralph Hokr from The Capital Advisory Group Advisory Services, LLCJan 28, 2015 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from The Capital Advisory Group Advisory Services, LLCApr 15, 2015 · Bloomington, Mn
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Ralph Thomas Hokr · Chief Compliance Officercontrolsince 01/2015 · owns less than 5%
- Ralph Thomas Hokr · Managing Membercontrolsince 01/2015 · owns 50% to 75% of Mhs Advisory Group, LLC
- Christopher John Sherwin · Managing Membercontrolsince 01/2015 · owns 50% to 75% of Mhs Advisory Group, LLC
Entity owners
- Mhs Advisory Group, LLC · Managing Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- Mhs Insurance Agencyreal estaten
- Thomas R Hokr & Associatesreal estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Maple Grove, Mn · principal | 4 | 0 | 0 | ||
| Minnetonka, Mn | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Minnetonka, MN3 employees
What changed
consecutive filings, newest first
- Accounts · 1,123 to 1,152Jul 21, 2025 to Mar 26, 2026
- Charity clients · 1 to 2Jul 21, 2025 to Mar 26, 2026
- Corporate clients · 2 to 1Jul 21, 2025 to Mar 26, 2026
- HNW clients · 68 to 70Jul 21, 2025 to Mar 26, 2026
- Individual clients · 245 to 240Jul 21, 2025 to Mar 26, 2026
- Pension plan clients · 1 to 0Jul 21, 2025 to Mar 26, 2026
- Discretionary RAUM · $162M to $173MJul 21, 2025 to Mar 26, 2026
- HNW RAUM · $137M to $148MJul 21, 2025 to Mar 26, 2026
- Individual RAUM · $101M to $105MJul 21, 2025 to Mar 26, 2026
- Non-discretionary RAUM · $76.9M to $80.3MJul 21, 2025 to Mar 26, 2026
- Pension RAUM · $198 to $0Jul 21, 2025 to Mar 26, 2026
- RAUM · $238M to $253MJul 21, 2025 to Mar 26, 2026
- Financial planning clients · 26-50 to 26-50Mar 7, 2025 to Jul 21, 2025
- Accounts · 1,066 to 1,123Mar 7, 2024 to Mar 7, 2025
- Advisory employees · 6 to 7Mar 7, 2024 to Mar 7, 2025
- BD registered reps · 6 to 7Mar 7, 2024 to Mar 7, 2025
- HNW clients · 59 to 68Mar 7, 2024 to Mar 7, 2025
- Individual clients · 244 to 245Mar 7, 2024 to Mar 7, 2025
- Employees · 6 to 7Mar 7, 2024 to Mar 7, 2025
- State-registered IARs · 6 to 7Mar 7, 2024 to Mar 7, 2025
- Discretionary RAUM · $143M to $162MMar 7, 2024 to Mar 7, 2025
- HNW RAUM · $116M to $137MMar 7, 2024 to Mar 7, 2025
- Individual RAUM · $86.8M to $101MMar 7, 2024 to Mar 7, 2025
- Non-discretionary RAUM · $61.8M to $76.9MMar 7, 2024 to Mar 7, 2025
- Pension RAUM · $1.2M to $198Mar 7, 2024 to Mar 7, 2025
- RAUM · $205M to $238MMar 7, 2024 to Mar 7, 2025
- Accounts · 1,025 to 1,066Mar 7, 2023 to Mar 7, 2024
- Corporate clients · 1 to 2Mar 7, 2023 to Mar 7, 2024
- HNW clients · 61 to 59Mar 7, 2023 to Mar 7, 2024
- Individual clients · 236 to 244Mar 7, 2023 to Mar 7, 2024
- Discretionary RAUM · $123M to $143MMar 7, 2023 to Mar 7, 2024
- HNW RAUM · $107M to $116MMar 7, 2023 to Mar 7, 2024
- Individual RAUM · $68.2M to $86.8MMar 7, 2023 to Mar 7, 2024
- Non-discretionary RAUM · $54.5M to $61.8MMar 7, 2023 to Mar 7, 2024
- Pension RAUM · $1.2M to $1.2MMar 7, 2023 to Mar 7, 2024
- RAUM · $178M to $205MMar 7, 2023 to Mar 7, 2024
- Accounts · 1,023 to 1,025Apr 5, 2022 to Mar 7, 2023
- Individual clients · 219 to 236Apr 5, 2022 to Mar 7, 2023
- Discretionary RAUM · $140M to $123MApr 5, 2022 to Mar 7, 2023
- HNW RAUM · $135M to $107MApr 5, 2022 to Mar 7, 2023
Signals
1 dated events
- Mhs Advisory Services, Llc filed its initial SEC registration (Form ADV)Jan 13, 2015 · 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 phone
- 952-400-4900reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 952-541-3619reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 952-541-9201reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- mhscos.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 952-541-9201reportedpublic record, Form ADV, Aug 19, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $63.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026