Midwest Capital Advisors, LLC
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Overview
Midwest Capital Advisors, LLC is located at 630 Kenmoor Ave. SE, Grand Rapids, MI. The firm employs 7 financial advisors to manage client portfolios and provide financial guidance. Midwest Capital Advisors, LLC is not a registered broker-dealer.
Midwest Capital Advisors, LLC oversees $947.3 million in assets under management across 891 accounts, of which 886 are discretionary and 5 are non-discretionary. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, educational seminars, and other services. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities, corporations, and other types of investors, with retail investors being the largest client type by accounts. The fee structure at Midwest Capital Advisors, LLC includes asset-based, fixed, and other fees. The firm has 100 high net worth clients.
Midwest Capital Advisors, LLC is registered in the states of Illinois and Michigan.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Midwest Capital Advisors, LLC by the Numbers
$947.3 million
8
891
$1.1 million
Products and Services
Midwest Capital Advisors, LLC offers a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, educational seminars, and other services. However, Midwest Capital Advisors, LLC did not provide financial planning services to any of its customers in the prior fiscal year. It is not involved in selling products or offering services apart from investment advisory services to its investment advisory accounts.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advice usually depend on which service is provided. Fees billed by Midwest Capital Advisors, LLC likely consist of any combination of the following fee types: asset-based, fixed, or other.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
The company works with a broad range of investors. The company works with retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities, corporations, and other. Out of its 7 clients, Midwest Capital Advisors, LLC's biggest client group by number of accounts is pension plans, though it also serves 100 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).
- High-Net-Worth Individuals* - 26.39%
- Other Individuals - 56.46%
- Corporations - 15.83%
- Charitable Organizations - 1.32%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Midwest Capital Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Midwest Capital Advisors, LLC
Grand Rapids, MI
Grand Rapids, MI
Grand Rapids, MI
Grand Rapids, MI
Grand Rapids, MI
Grand Rapids, MI
Grand Rapids, MI
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