Wealth manager, independent · Lexington, KY
MCF Advisors, LLC
SEC-registered investment adviser · CRD 130372 · SEC 801-62765
At a glance
MCF Advisors, LLC is an SEC-registered investment adviser based in Lexington, Kentucky, with $4.7B in regulatory assets under management as of its Form ADV filed August 24, 2026. It reports 3,440 individual clients, 648 of them high-net-worth, holding an average of about $0.7 million each, and 55 employees. That ranks it 242nd among the nation’s 5,657 independent wealth management RIAs and 2nd of 47 in Kentucky. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Empower.
Main office 859-967-0999mcfadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.7B
- Rank among independent wealth managers
- #242 of 5,657
- Rank among all SEC RIAs
- #2,196 of 17,210
- Rank in Kentucky
- #2 of 47
- Individual clients
- 3,440
- High-net-worth clients
- 648
- Accounts
- 7,540
- Discretionary
- 74% of AUM
- Employees
- 55
- Advisory staff
- 30
- Offices
- 5
Owners and executives on its Form ADV
- David L. HarrisChief Executive Officer
- Robert B. SatheChairman
- Timothy A. GavinChief Compliance Officer
- Kristopher J KellinghausChief Investment Officer
- Brittany B. ManningChief Operating Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
MCF Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 648 | $2.2B | 47% |
| Pension and profit sharing plans | 69 | $1.9B | 40% |
| Individuals | 2,792 | $394M | 8% |
| Corporations or other businesses | 8 | $129M | 3% |
| Charitable organizations | 21 | $115M | 2% |
| Banking or thrift institutions | 1 | $16M | <1% |
Private funds
MCF Advisors, LLC reports 1 private funds with $7M in gross assets: real estate funds (Form ADV Item 7.B).
Disciplinary disclosures
MCF Advisors, LLC 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
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗mcfadvisors.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 861 peers of its type and size
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- 5 namedLocked
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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 Kentucky
All of Kentucky →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Meridian Wealth Management, LLCLexington | $5.0B | 5,366 |
| Keystone Financial Group, LLCLexington | $2.3B | 6,602 |
| Journey Advisory Group, LLCCovington | $1.7B | 859 |
| The Gleason Group, Inc.Prospect | $1.6B | 262 |
| Legacy Financial Advisors, Inc.Covington | $1.5B | 1,061 |
| Strategic Wealth Investment Group, LLCLouisville | $1.4B | 3,900 |
Background
Questions
How much does MCF Advisors, LLC manage?
MCF Advisors, LLC reports $4.7B in regulatory assets under management across 7,540 accounts, 74% of it on a discretionary basis, on its Form ADV filed August 24, 2026.
How many clients does MCF Advisors, LLC have?
It reports 3,440 individual clients: 648 high-net-worth individuals and 2,792 other individuals. Individuals account for about 55% of its regulatory assets.
Where is MCF Advisors, LLC headquartered?
Its main office is in Lexington, Kentucky. It reports 5 offices in total and 55 employees, 30 of whom perform investment advisory functions.
How does MCF Advisors, LLC 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 MCF Advisors, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Empower. On Schedule D of its Form ADV filed August 24, 2026, it reports these amounts held: Charles Schwab ($2.8B); Empower ($429M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is MCF Advisors, LLC a hybrid RIA with a broker-dealer?
MCF Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is MCF Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, MCF Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is MCF Advisors, LLC’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 (2026-08-24), 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 →