MCF Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 1,500 clients last fiscal year. The firm advises 1 private fund.
MCF Advisors reports 3,539 clients. They include 2,792 individual clients, 648 high-net-worth individuals, and 69 pension and profit-sharing plans. Of its assets, 74.0% ($3.47B across 7,325 accounts) are managed with discretion; $1.22B across 215 accounts are not. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 79% | 8% |
| High-net-worth individuals | 18% | 47% |
| Banking or thrift institutions | <1% | <1% |
| Pension and profit-sharing plans | 2% | 40% |
| Charitable organizations | <1% | 2% |
| Other client typesCorporations and other businesses | <1% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 2,792 | $394M | 8.4% | $141K |
| High-net-worth individuals | 648 | $2.18B | 46.5% | $3.36M |
| Banking or thrift institutions | Fewer than 5 | $16.1M | 0.3% | $16.1M |
| Pension and profit-sharing plans | 69 | $1.85B | 39.5% | $26.9M |
| Charitable organizations | 21 | $115M | 2.4% | $5.46M |
| Corporations and other businesses | 8 | $129M | 2.7% | $16.1M |
| Total | 3,539 | $4.68B | 100% | — |
- Clients
- 2,792
- Regulatory AUM
- $394M
- AUM share
- 8.4%
- Avg. per client
- $141K
- Clients
- 648
- Regulatory AUM
- $2.18B
- AUM share
- 46.5%
- Avg. per client
- $3.36M
- Clients
- Fewer than 5
- Regulatory AUM
- $16.1M
- AUM share
- 0.3%
- Avg. per client
- $16.1M
- Clients
- 69
- Regulatory AUM
- $1.85B
- AUM share
- 39.5%
- Avg. per client
- $26.9M
- Clients
- 21
- Regulatory AUM
- $115M
- AUM share
- 2.4%
- Avg. per client
- $5.46M
- Clients
- 8
- Regulatory AUM
- $129M
- AUM share
- 2.7%
- Avg. per client
- $16.1M
Total
- Clients
- 3,539
- Regulatory AUM
- $4.68B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 1500
MCF Advisors charges 0.40%–1.25% a year for its Portfolio management for individuals and/or small businesses. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial planning services
- Stand-alone financial planning and consulting is a fixed fee of $200 to $1,000 or more per month, depending on the services selected; typically waived for clients with more than $500,000 of assets under management.
- Tax return preparation and filing
- Tax return preparation and filing is quoted per engagement, with a minimum fee of $1,000.
MCF Financial Holdings, LLC owns 75% or more of MCF Advisors and is in turn owned by MCF Legacy Holdings, LLC (50–75%) and Project Echo Acquisition, LLC (25–50%). David Harris is CEO; the leadership team includes Chief Investment Officer Kristopher Kellinghaus, Chief Operating Officer Brittany Manning and Chief Compliance Officer Timothy Gavin. It has 55 employees, 30 of them in advisory roles.
Staff
- 55 employees
- 30 in advisory functions
- 30 state-registered reps
- 7 insurance agents
- 3 soliciting firms
- Owns 75% or more of MCF Advisors, LLC
MCF Financial Holdings, LLC
Control person · since March 2025
- Owns 50% to 75% of MCF Financial Holdings, LLC
MCF Legacy Holdings, LLC
Control person · since March 2025
- Owns 75% or more of MCF Legacy Holdings, LLC
David Harris
Control person · since March 2025
- Owns 50% to 75% of MCF Legacy Holdings, LLC
Harris Capital LLC
Control person · since December 2025
- Owns 25% to 50% of MCF Financial Holdings, LLC
Project Echo Acquisition, LLC
Control person · since March 2025
- Owns 75% or more of Project Echo Acquisition, LLC
WPCG Aspire Holdings, LLC
Control person · since July 2025
- Owns 75% or more of WPCG Aspire Holdings, LLC
WPCG Aspire, LLC
Control person · since July 2025
- Owns 75% or more of WPCG Aspire, LLC
Aspire Holdings, LLC
Control person · since July 2025
Robert Sathe
Elected manager · Control person · since March 2025
Brittany Manning
Elected manager · Control person · since March 2025
Timothy Gavin
Elected manager · Control person · since March 2025
John Copeland
Elected manager · Control person · since March 2025
MCF Advisors’ regulatory assets grew 2.2× from $2.17B (July 2021) to $4.68B (August 2026); clients rose from 2,265 to 3,539 and employees from 23 to 55.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $4.68B | 3,539 | 55 | 5 |
| Mar 2025March 2025 | $3.33B | 2,827 | 33 | 5 |
| Jul 2024July 2024 | $2.89B | 2,340 | 34 | 4 |
| Jul 2023July 2023 | $2.33B | 2,447 | 35 | 4 |
| Jul 2022July 2022 | $2.7B | 2,689 | 26 | 3 |
| Jul 2021July 2021 | $2.17B | 2,265 | 23 | 3 |
Besides its headquarters, MCF Advisors has 4 offices, with 5 listed addresses across 2 states.
Kentucky · 4 listed addresses
- 333 West Vine Street, 12th Floor, LexingtonHQ
- 50 East Rivercenter BLVD, Covington
- 4938 Brownsboro RD, Louisville
- 300 Dave Cowens DR., Newport
Ohio · 1 listed address
- 8370 E Kemper RD, Cincinnati
Other business names
MCF Advisors has reported 3 other business names to the SEC.
- D/B/A MCF
- D/B/A MCF Institutional
- D/B/A MCF Private Investments
Contact and registration details
- Legal name
- MCF Advisors, LLC
- Headquarters
- 333 West Vine Street, 12th Floor, Lexington, KY 40507
- Website
- mcfadvisors.com
- Phone
- 859-967-0999
- @mcf-advisors
- SEC file
- 801-62765
- Structure
- Kentucky LLC
- Fiscal year end
- December
MCF Advisors’ named custodians for separately managed accounts are Charles Schwab ($2.85B, 87%) and Great-West Trust ($429M, 13%). MCF Advisors has custody of $1.33B for 1,012 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $2.85B87%
- Great-West TrustGreat-West Trust Company · Greenwood Village, CO · $429M13%
At year end, MCF Advisors’ separately managed accounts were largely in stocks (48%) and funds (45%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.8B across 1,403 positions; the largest are Vanguard Index Fds (10.9%), iShares TR (7.1%) and State Str SPDR S&P 500 ETF T (3.9%).
What the accounts hold
- Stocks48%
- Exchange-traded equities47%
- Non-exchange-traded equities1%
- Funds45%
- Registered funds44%
- Pooled vehicles1%
- Bonds2%
- Cash4%
- Other2%
- Private investments2%
How many clients does MCF Advisors have?
MCF Advisors has 3,539 clients and manages $4.68 billion for them, as of August 2026. They include 2,792 individual clients, 648 high-net-worth individuals, and 69 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 August 2026
What services does MCF Advisors offer?
MCF Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does MCF Advisors charge?
MCF Advisors charges 0.40%–1.25% a year for its Portfolio management for individuals and/or small businesses. The fee is billed in advance and is negotiable.
Which custodians does MCF Advisors use?
MCF Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $2.85B and Great-West Trust Company (Greenwood Village, CO), with $429M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 August 2026
How many financial advisors does MCF Advisors have?
MCF Advisors has 30 investment adviser representatives registered with state securities authorities, out of 55 employees, and 30 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 7 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 MCF Advisors invest in?
At the end of its last fiscal year, MCF Advisors’ separately managed accounts held 47% exchange-traded equities, 44% registered funds (mutual funds, ETFs, BDCs), 4% cash and equivalents, 2% U.S. government and agency bonds, 2% other, 1% non-exchange-traded equities and 1% pooled vehicles (private funds and similar). The 2% other category is described as: Private Investments. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns MCF Advisors?
MCF Advisors is owned through a chain of holding companies by David Harris, Aspire Holdings, LLC and Harris Capital LLC. Its direct owner is MCF Financial Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 August 2026
How does MCF Advisors get paid?
MCF Advisors is paid through a percentage of assets under management, hourly charges 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
How do I contact MCF Advisors?
MCF Advisors’ main office is at 333 West Vine Street, 12th Floor, Lexington, KY 40507. Its phone number is 859-967-0999. Its website is mcfadvisors.com.