MBL Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting. Financial planning was provided to 101–250 clients last fiscal year.
MBL Wealth reports 270 clients. They include 242 high-net-worth individuals and 28 individual clients. Of its assets, 100.0% ($1.42B across 1,156 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 10% | <1% |
| High-net-worth individuals | 90% | 99% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 28 | $6.58M | 0.5% | $235K |
| High-net-worth individuals | 242 | $1.42B | 99.5% | $5.85M |
| Pension and profit-sharing plans | Fewer than 5 | $129K | 0.0% | — |
| Charitable organizations | Fewer than 5 | $704K | 0.0% | — |
| Total | 270 | $1.42B | 100% | — |
- Clients
- 28
- Regulatory AUM
- $6.58M
- AUM share
- 0.5%
- Avg. per client
- $235K
- Clients
- 242
- Regulatory AUM
- $1.42B
- AUM share
- 99.5%
- Avg. per client
- $5.85M
- Clients
- Fewer than 5
- Regulatory AUM
- $129K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $704K
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 270
- Regulatory AUM
- $1.42B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
MBL Wealth charges 0.25%–0.90% a year for its Wealth Management Fees. The fee is billed in advance or in arrears, is negotiable, has a $40,000 annual minimum and requires an account of at least $5,000,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Retirement Plan Consulting
- Nondiscretionary annual fee usually not over 1.25% of plan assets, minimum $7,000 a year, or a flat fee up to $10,000 a month; negotiable.
The Lockwood Organization, LLC owns 50% to 75% of MBL Wealth and is in turn owned by Luther Lockwood (75% or more). Luther Lockwood is CEO; the leadership team includes President William Morton, Chief Investment Officer Brian Gift and Chief Operating Officer Stephen Marciniak. It has 14 employees, 10 of them in advisory roles.
Leadership
- Luther LockwoodChief Executive Officer
- William MortonPresident
- Stephen MarciniakChief Compliance Officer/Chief Operating Officer
- Jonathan DryChief Strategy Officer
- Brian GiftChief Investment Officer
Investment adviser representatives
10 representatives listed in the SEC register as of 9 October 2026.
- Edward Neal Deaton
- Jonathan Warner Dry
- Brian Joseph Gift
- Michael Andrew Grimes
- Luther Amos Lockwood II
- Thomas Mack
- William Read Morton
- William Luther Pierce
- Miranda Faith Silinski
- Taylor Christopher Wade
Staff
- 14 employees
- 10 in advisory functions
- 10 state-registered reps
- 5 broker-dealer reps
- 6 insurance agents
- 1 soliciting firm
- Owns 50% to 75% of MBL Wealth, LLC
The Lockwood Organization, LLC
Control person · since October 2019
- Owns 75% or more of The Lockwood Organization, LLC
Luther Lockwood
Control person · since October 2019
- Owns 25% to 50% of MBL Wealth, LLC
William Morton
Control person · since October 2019
- Owns 25% to 50% of MBL Wealth, LLC
Brian Gift
Control person · since October 2019
- Owns 25% to 50% of MBL Wealth, LLC
Jonathan Dry
Control person · since October 2019
MBL Wealth’s regulatory assets grew 2.9× from $487M (March 2021) to $1.42B (March 2026); clients rose from 107 to 270 and employees from 8 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.42B | 270 | 14 | 1 |
| March 2025 | $1.14B | 216 | 13 | 1 |
| February 2024 | $946M | 199 | 10 | 1 |
| March 2023 | $732M | 165 | 10 | 1 |
| July 2022 | $722M | 140 | 9 | 1 |
| March 2021 | $487M | 107 | 8 | 1 |
Besides its headquarters, MBL Wealth has 0 offices, with 1 listed address in North Carolina.
North Carolina · 1 listed address
- 301 S. McDowell Street, Suite 1100, CharlotteHQ
Other business names
MBL Wealth has reported 1 other business name to the SEC.
- MBL Wealth, LLC
Contact and registration details
- Legal name
- MBL Wealth, LLC
- Headquarters
- 301 S. McDowell Street, Suite 1100, Charlotte, NC 28204
- Website
- mbl-advisors.com
- Phone
- 704-333-8461
- @mbl-advisors-inc
- SEC file
- 801-117591
- Structure
- North Carolina LLC
- Fiscal year end
- December
MBL Wealth uses Charles Schwab ($1.42B) as custodian for its separately managed accounts. MBL Wealth has custody of $263M in client assets for 73 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.42B100%
At year end, MBL Wealth’s separately managed accounts were mostly in stocks (77%) and funds (10%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.47B across 386 positions; the largest are State Str SPDR S&P 500 ETF T (11.1%), SPDR Series Trust (9.5%) and iShares TR (5.0%).
What the accounts hold
- Stocks77%
- Funds10%
- Bonds5%
- State and local bonds3%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash8%
Reported 13F holdings
- $1.47B
- Reported 13F value
- 386
- Positions
- 45.9%
- In the 10 largest
- +10.9%
- Value vs. prior quarter
- State Str SPDR S&P 500 ETF T · TR Unit11.1%
- SPDR Series Trust · ST Str Blo 1 ETF9.5%
- iShares TR · Core S&P Mcp ETF5.0%
- iShares Inc. · Core MSCI Emkt3.8%
- Amplify ETF TR · Cwp Enhanced Div3.2%
- iShares TR · Core 1 5 YR Usd2.9%
- World Gold TR · SPDR Gld Minis2.8%
- iShares TR · Core S&P Scp ETF2.7%
- Dimensional ETF Trust · Natl Mun BD ETF2.6%
- Victory Portfolios II · Core BD ETF2.4%
Together, the ten largest are 45.9% of reported value.
How many clients does MBL Wealth have?
MBL Wealth has 270 clients and manages $1.42 billion for them, as of March 2026. They include 242 high-net-worth individuals and 28 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 March 2026
What services does MBL Wealth offer?
MBL Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does MBL Wealth charge?
MBL Wealth charges 0.25%–0.90% a year for its Wealth Management Fees. The fee is billed in advance or in arrears, is negotiable, has a $40,000 annual minimum and requires an account of at least $5,000,000.
Source: MBL WEALTH ADV PART 2A BROCHURE, filed 11 March 2026
Which custodians does MBL Wealth use?
MBL Wealth’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.42B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 March 2026
How many financial advisors does MBL Wealth have?
MBL Wealth has 10 investment adviser representatives registered with state securities authorities, out of 14 employees, and 10 perform investment advisory functions. 5 employees are registered representatives of a broker-dealer and 6 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does MBL Wealth invest in?
At the end of its last fiscal year, MBL Wealth’s separately managed accounts held 77% exchange-traded equities, 10% registered funds (mutual funds, ETFs, BDCs), 8% cash and equivalents, 3% state and local bonds, 1% U.S. government and agency bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does MBL Wealth have a minimum investment?
Yes, MBL Wealth’s minimum account size for its Wealth Management Fees is $5M. It charges a $40K annual minimum fee.
Source: MBL WEALTH ADV PART 2A BROCHURE, filed 11 March 2026
Who owns MBL Wealth?
MBL Wealth is owned through a holding company by Luther Lockwood. Its direct owners are the Lockwood Organization, LLC (50% to 75%), William Morton (25% to 50%), Brian Gift (25% to 50%) and Jonathan Dry (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 11 March 2026
How does MBL Wealth get paid?
MBL Wealth is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is MBL Wealth registered with the SEC?
Yes, MBL Wealth has been registered with the SEC as an investment adviser since 7 November 2019. Its CRD number is 305176 and its SEC file number is 801-117591.
Source: Form ADV Part 1A, Item 1, filed 11 March 2026; IAPD firm record
How do I contact MBL Wealth?
MBL Wealth’s main office is at 301 S. McDowell Street, Suite 1100, Charlotte, NC 28204. Its phone number is 704-333-8461. Its website is mbl-advisors.com.