Wealth manager, independent · Charlotte, NC
MBL Advisors
MBL Wealth, LLC · SEC-registered investment adviser · CRD 305176 · SEC 801-117591
At a glance
MBL Advisors is an SEC-registered investment adviser based in Charlotte, North Carolina, with $1.4B in regulatory assets under management as of its Form ADV filed March 11, 2026. It reports 270 individual clients, 242 of them high-net-worth, holding an average of about $5.3 million each, and 14 employees. That ranks it 776th among the nation’s 5,657 independent wealth management RIAs and 16th of 160 in North Carolina. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 704-333-8461mbl-advisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.4B
- Rank among independent wealth managers
- #776 of 5,657
- Rank among all SEC RIAs
- #4,402 of 17,210
- Rank in North Carolina
- #16 of 160
- Individual clients
- 270
- High-net-worth clients
- 242
- Accounts
- 1,156
- Discretionary
- 100% of AUM
- Employees
- 14
- Advisory staff
- 10
- Offices
- 1
Owners and executives on its Form ADV
- William R. MortonPresident
- Luther A. LockwoodChief Executive Officer
- Brian J. GiftChief Investment Officer
- Jonathan W. DryChief Strategy Officer
- Stephen M. MarciniakChief Compliance Officer/chief Operating Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
MBL Advisors is a hybrid RIA: 5 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names M Holdings Securities as the broker-dealer its advisers are registered with.
Some of Our IARs are registered representatives of M Holdings Securities, Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 242 | $1.4B | 99% |
| Individuals | 28 | $7M | <1% |
| Charitable organizations | – | $1M | <1% |
| Pension and profit sharing plans | – | $0M | <1% |
Disciplinary disclosures
MBL Advisors 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
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗mbl-advisors.com ↗
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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, 6 years of filings
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- Growth over one, three and five years
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- Rank against 2,624 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 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 North Carolina
All of North Carolina →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Financial Symmetry Inc.Raleigh | $1.5B | 872 |
| Mill Capital Management, LLCConcord | $1.5B | 97 |
| Ironsides Asset Advisors, LLCRocky Mount | $1.4B | 34 |
| Blueprint Financial AdvisorsCharlotte | $1.4B | 2,290 |
| Sheets Smith Wealth ManagementWinston Salem | $1.4B | 382 |
| Arbor Investment AdvisorsWinston Salem | $1.3B | 471 |
Background
Questions
How much does MBL Advisors manage?
MBL Advisors reports $1.4B in regulatory assets under management across 1,156 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 11, 2026.
How many clients does MBL Advisors have?
It reports 270 individual clients: 242 high-net-worth individuals and 28 other individuals. Individuals account for about 100% of its regulatory assets.
Where is MBL Advisors headquartered?
Its main office is in Charlotte, North Carolina. It reports 1 office in total and 14 employees, 10 of whom perform investment advisory functions.
How does MBL Advisors charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; 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 MBL Advisors use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 11, 2026, it reports these amounts held: Charles Schwab ($1.4B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is MBL Advisors a hybrid RIA with a broker-dealer?
MBL Advisors is a hybrid RIA: 5 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 MBL Advisors a fiduciary?
As an SEC-registered investment adviser, MBL Advisors owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 5 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 MBL Advisors’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 (2026-03-11), 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 →