Wealth manager, independent · Mobile, AL
Mitchell, McLeod, Pugh & Williams, Inc.
Mitchell, McLeod, Pugh & Williams, Inc. · SEC-registered investment adviser · CRD 138240 · SEC 801-65005
At a glance
Mitchell, McLeod, Pugh & Williams, Inc. is an SEC-registered investment adviser based in Mobile, Alabama, with $2.7B in regulatory assets under management as of its Form ADV filed July 30, 2026. It reports 935 individual clients, 397 of them high-net-worth, holding an average of about $1.9 million each, and 17 employees. That ranks it 420th among the nation’s 5,657 independent wealth management RIAs and 9th of 43 in Alabama. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Ascensus Trust.
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Main office 251-471-2027mmpw.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.7B
- Rank among independent wealth managers
- #420 of 5,657
- Rank among all SEC RIAs
- #3,054 of 17,210
- Rank in Alabama
- #9 of 43
- Individual clients
- 935
- High-net-worth clients
- 397
- Accounts
- 2,420
- Discretionary
- 72% of AUM
- Employees
- 17
- Advisory staff
- 9
- Offices
- 1
Owners and executives on its Form ADV
- Douglas R. McLeodDirector/shareholder/ President
- Kyle C. PughDirector/shareholder/vice President/secretary/treasurer
- Richard MitchellShareholder
- Katherine M. McGinleyChief Compliance Officer/shareholder
- Thomas B. Van AntwerpDirector/shareholder/vice President
- Robert A. ArendallVice President/shareholder
- Gray A. IngleShareholder
- Michael F. BarnettVice President/shareholder
Custody and brokerage
Broker-dealer
No broker-dealer ties
Mitchell, McLeod, Pugh & Williams, Inc. 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 | 397 | $1.6B | 59% |
| Pension and profit sharing plans | 76 | $776M | 29% |
| Individuals | 538 | $170M | 6% |
| Charitable organizations | 12 | $93M | 3% |
| Corporations or other businesses | 22 | $38M | 1% |
| State or municipal government entities | 1 | $11M | <1% |
Disciplinary disclosures
Mitchell, McLeod, Pugh & Williams, Inc. 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
- Periodicals or newsletters
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗mmpw.com ↗
AtlasMembers
The full record on Mitchell, McLeod, Pugh & Williams, Inc.
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, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,524 peers of its type and size
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- Owners and executives, with titles and stakes
- 8 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Alabama
All of Alabama →| Firm | Regulatory AUM | Clients |
|---|---|---|
| The Welch Group, LLCBirmingham | $3.7B | 1,416 |
| Oneascent Financial Services LLCBirmingham | $3.5B | 5,128 |
| Leavell Investment Management, Inc.Mobile | $3.4B | 2,850 |
| Southern Financial Group, LLCBirmingham | $1.1B | 1,140 |
Background
Questions
How much does Mitchell, McLeod, Pugh & Williams, Inc. manage?
Mitchell, McLeod, Pugh & Williams, Inc. reports $2.7B in regulatory assets under management across 2,420 accounts, 72% of it on a discretionary basis, on its Form ADV filed July 30, 2026.
How many clients does Mitchell, McLeod, Pugh & Williams, Inc. have?
It reports 935 individual clients: 397 high-net-worth individuals and 538 other individuals. Individuals account for about 65% of its regulatory assets.
Where is Mitchell, McLeod, Pugh & Williams, Inc. headquartered?
Its main office is in Mobile, Alabama. It reports 1 office in total and 17 employees, 9 of whom perform investment advisory functions.
How does Mitchell, McLeod, Pugh & Williams, Inc. 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 Mitchell, McLeod, Pugh & Williams, Inc. use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Ascensus Trust. On Schedule D of its Form ADV filed July 30, 2026, it reports these amounts held: Charles Schwab ($1.6B); Ascensus Trust ($200M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Mitchell, McLeod, Pugh & Williams, Inc. a hybrid RIA with a broker-dealer?
Mitchell, McLeod, Pugh & Williams, Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Mitchell, McLeod, Pugh & Williams, Inc. a fiduciary?
As an SEC-registered investment adviser, Mitchell, McLeod, Pugh & Williams, Inc. 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 Mitchell, McLeod, Pugh & Williams, Inc.’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 (2026-07-30), 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 →