Wealth manager, independent · Scottsdale, AZ
MSH Capital Advisors LLC
SEC-registered investment adviser · CRD 157835 · SEC 801-108933
At a glance
MSH Capital Advisors LLC is an SEC-registered investment adviser based in Scottsdale, Arizona, with $1.3B in regulatory assets under management as of its Form ADV filed April 27, 2026. It reports 2,257 individual clients, 183 of them high-net-worth, holding an average of about $0.4 million each, and 35 employees. That ranks it 826th among the nation’s 5,657 independent wealth management RIAs and 15th of 125 in Arizona. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 480-563-2021mshcapitaladvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.3B
- Rank among independent wealth managers
- #826 of 5,657
- Rank among all SEC RIAs
- #4,564 of 17,210
- Rank in Arizona
- #15 of 125
- Individual clients
- 2,257
- High-net-worth clients
- 183
- Accounts
- 2,362
- Discretionary
- 68% of AUM
- Employees
- 35
- Advisory staff
- 14
- Offices
- 6
Owners and executives on its Form ADV
- Mark S. HowellsManaging Member
- Katrina P. SantamariaChief Executive Officer
- Marcy A. CritesChief Financial Officer
- Tara L. KreizenbeckChief Operating Officer
- Christopher S. JordanChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
MSH Capital Advisors LLC is a hybrid RIA: 25 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: M. S. Howells & Co..
- M. S. Howells & Co. ↗CRD 104100
An introducing broker-dealer: its trades clear through Pershing, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 183 | $607M | 45% |
| Individuals | 2,074 | $390M | 29% |
| State or municipal government entities | 20 | $176M | 13% |
| Corporations or other businesses | 72 | $157M | 12% |
| Charitable organizations | 12 | $14M | 1% |
| Pension and profit sharing plans | – | $2M | <1% |
Disciplinary disclosures
MSH Capital 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
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗mshcapitaladvisors.com ↗
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Similar-size RIAs in Arizona
All of Arizona →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Ironwood Investment Counsel, LLCScottsdale | $1.8B | 549 |
| AWM Capital, LLCPhoenix | $1.5B | 455 |
| Total Investment Management, Inc.Scottsdale | $1.4B | 1,184 |
| Fortitude Family OfficeScottsdale | $1.3B | 407 |
| Brookwood Investment GroupPhoenix | $1.3B | 3,500 |
| ARQ Wealth Advisors, LLCScottsdale | $1.2B | 597 |
Background
Questions
How much does MSH Capital Advisors LLC manage?
MSH Capital Advisors LLC reports $1.3B in regulatory assets under management across 2,362 accounts, 68% of it on a discretionary basis, on its Form ADV filed April 27, 2026.
How many clients does MSH Capital Advisors LLC have?
It reports 2,257 individual clients: 183 high-net-worth individuals and 2,074 other individuals. Individuals account for about 74% of its regulatory assets.
Where is MSH Capital Advisors LLC headquartered?
Its main office is in Scottsdale, Arizona. It reports 6 offices in total and 35 employees, 14 of whom perform investment advisory functions.
How does MSH Capital Advisors LLC 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 MSH Capital Advisors LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed April 27, 2026, it reports these amounts held: Charles Schwab ($1.3B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is MSH Capital Advisors LLC a hybrid RIA with a broker-dealer?
MSH Capital Advisors LLC is a hybrid RIA: 25 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: M. S. Howells & Co.. M. S. Howells & Co. clears through Pershing, according to its annual report filed with the SEC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is MSH Capital Advisors LLC a fiduciary?
As an SEC-registered investment adviser, MSH Capital Advisors LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 25 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 MSH Capital 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 (2026-04-27), 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 →