Wealth manager, independent · Ridgeland, MS
MAG Cap
Magnolia Capital Advisors LLC · SEC-registered investment adviser · CRD 298398 · SEC 801-114023
At a glance
MAG Cap is an SEC-registered investment adviser based in Ridgeland, Mississippi, with $1.7B in regulatory assets under management as of its Form ADV filed March 9, 2026. It reports 1,437 individual clients, 236 of them high-net-worth, holding an average of about $0.6 million each, and 18 employees. That ranks it 645th among the nation’s 5,657 independent wealth management RIAs and 2nd of 22 in Mississippi. It reports Raymond James as the custodian for its clients’ separately managed accounts.
Main office 601-362-5872magcap.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.7B
- Rank among independent wealth managers
- #645 of 5,657
- Rank among all SEC RIAs
- #3,988 of 17,210
- Rank in Mississippi
- #2 of 22
- Individual clients
- 1,437
- High-net-worth clients
- 236
- Accounts
- 4,324
- Discretionary
- 61% of AUM
- Employees
- 18
- Advisory staff
- 13
- Offices
- 4
Owners and executives on its Form ADV
- Stephen M GrinerManaging Director
- Vaiden A. ClarkManaging Director
- Charles F. MarionManaging Director
- Roseann HigginsChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
MAG Cap is a hybrid RIA: 4 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names Level Four Financial as the broker-dealer its advisers are registered with.
Some individuals of the firm are registered representatives of Level Four Financial, LLC, a FINRA registered broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pension and profit sharing plans | 80 | $555M | 33% |
| High-net-worth individuals | 236 | $517M | 31% |
| Individuals | 1,201 | $413M | 24% |
| Corporations or other businesses | 40 | $105M | 6% |
| Banking or thrift institutions | 1 | $95M | 6% |
| Charitable organizations | 8 | $6M | <1% |
Disciplinary disclosures
MAG Cap reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗magcap.com ↗
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The full record on MAG Cap
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 2,294 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Mississippi
All of Mississippi →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Hardy Reed, LLCTupelo | $2.9B | 351 |
| Barnes Pettey Financial Advisors, LLCClarksdale | $1.3B | 3,024 |
| Financial ConceptsColumbus | $1.1B | 2,518 |
Background
Questions
How much does MAG Cap manage?
MAG Cap reports $1.7B in regulatory assets under management across 4,324 accounts, 61% of it on a discretionary basis, on its Form ADV filed March 9, 2026.
How many clients does MAG Cap have?
It reports 1,437 individual clients: 236 high-net-worth individuals and 1,201 other individuals. Individuals account for about 55% of its regulatory assets.
Where is MAG Cap headquartered?
Its main office is in Ridgeland, Mississippi. It reports 4 offices in total and 18 employees, 13 of whom perform investment advisory functions.
How does MAG Cap charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does MAG Cap use?
It reports Raymond James as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 9, 2026, it reports these amounts held: Raymond James ($820M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is MAG Cap a hybrid RIA with a broker-dealer?
MAG Cap is a hybrid RIA: 4 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is MAG Cap a fiduciary?
As an SEC-registered investment adviser, MAG Cap owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 4 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is MAG Cap’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-09), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →