Clients
Members Capital Advisors serves 349 clients, 331 of them pension and profit-sharing plans. The average client has about $113 million with the firm.
- Pension and profit-sharing plans331 clients16%
- Insurance companies8 clients76%
- Corporations and other businesses10 clients8%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pension and profit-sharing plans | 331 | $6,476,322,860 | 16.4% | $19.6M |
| Insurance companies | 8 | $29,894,425,874 | 75.8% | $3.74B |
| Corporations and other businesses | 10 | $3,088,832,075 | 7.8% | $308.9M |
| Total | 349 | $39,459,580,809 | 100% | $113.1M |
- Clients
- 331
- Regulatory AUM
- $6,476,322,860
- Share
- 16.4%
- Avg. per client
- $19.6M
- Clients
- 8
- Regulatory AUM
- $29,894,425,874
- Share
- 75.8%
- Avg. per client
- $3.74B
- Clients
- 10
- Regulatory AUM
- $3,088,832,075
- Share
- 7.8%
- Avg. per client
- $308.9M
Total
- Clients
- 349
- Regulatory AUM
- $39,459,580,809
- Share
- 100%
- Avg. per client
- $113.1M
What it does
Members Capital Advisors provides portfolio management for institutions, pension consulting and selecting other managers. It is paid through a percentage of assets, fixed fees and other arrangements.
Members Capital Advisors provided financial planning to 0 clients last fiscal year and advises 6 private funds.
92.6% of assets ($36.55B across 243 accounts) are managed with discretion; $2.91B across 106 accounts are not. 0% of clients are outside the U.S., and 106 clients received advice without assets under management last fiscal year.
What the accounts hold
- Funds23%
- Bonds44%
- Investment grade corporate bonds40%
- State and local bonds2%
- U.S. government and agency bonds1%
- High-yield corporate bonds1%
- Other32%
- Structured securities, commercial mortgage loans, and real estate.32%
Filed values cover 99%. The neutral 1% gap has no reported category.
Custodians
Members Capital Advisors’ client accounts are held mainly at State Street Bank and Trust, with 67% of managed assets. Members Capital Advisors does not have custody of client assets.
- State Street Bank and TrustState Street Bank and Trust Company · Kansas City, MO · $26.26B67%
- All other custodians$13.20B33%
Ownership and leadership
Cuna Mutual Investment Corporation owns 75% or more of Members Capital Advisors.
- Owns 75% or more of Members Capital Advisors, Inc.
Cuna Mutual Investment Corporation
Control person · since June 2008
Leadership
- Eric M BoydVice President, Officer and Managing Director - Investments
- Amy CameronPresident, Executive Vice President and Chief Investment Officer
- Allen CantrellVice President, Officer, Managing Director - Investments
- Kevin CoombeVice President, Officer and Managing Director - Investments
- Anne FinucaneSenior Vice President, Deputy Chief Investment Officer - Investments
- Thomas JensenVice President, Officer, Managing Director - Investments
- Jason MicksVice President, Officer and Managing Director - Investment Research
- Barth ThomasSecretary, Vice President, Director and Officer
- Stan J Van AartsenVice President, Officer and Managing Director - Investments
- Benjamin WydickSenior Vice President, Director, Officer and Chief Risk Executive
- Melissa HaberstichChief Compliance Officer
- Brian BorakoveTreasurer and Officer
Staff
- 62 employees
- 41 in advisory functions
- 1 state-registered rep
- 1 broker-dealer rep
Reported holdings
Members Capital Advisors’ reported 13F holdings total $116.4M across 7 positions, and the ten largest make up 100.0% of it.
- $116.4M
- Reported 13F value
- 7
- Positions
- 100.0%
- In the 10 largest
- —
- Value vs. prior quarter
- JPMORGAN Ultra Short Income · Jpst39.1%
- iShares 1 5y Inv Grade Corp. · Igsb22.5%
- Janus Henderson Aaa Clo ETF · Jaaa21.6%
- iShares Esg Aware MSCI USA · Esgu6.2%
- iShares Core High Dividend E · Hdv5.9%
- Ishr Ibx Usd Hiyld CB ETF UI · Hyg3.6%
- iShares Core MSCI Eafe ETF · Iefa1.1%
Together, the ten largest are 100.0% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $116.4M is not its $39.46B in regulatory assets and does not represent any individual client's portfolio.
Fees
Members Capital Advisors is paid through a percentage of assets under management, fixed fees (other than subscription fees) and other.
Members Capital Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Members Capital Advisors has 1 office, with 2 listed addresses in 1 state.
Wisconsin · 2 listed addresses
- 5910 Mineral Point RD, MadisonHQ
- 5910 Mineral Point Road, Madison
Other business names
Members Capital Advisors has reported 1 other business name to the SEC.
- Trustage Investment Management
Registration details
- Legal name
- Members Capital Advisors, Inc.
- Headquarters
- 5910 Mineral Point RD, Madison, WI 53705
- Phone
- 608-238-5851
- Website
- Not reported
- SEC file
- 801-18140
- Structure
- Iowa corporation
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Members Capital Advisors have?
Members Capital Advisors has 349 clients and manages $39.5 billion for them, as of September 2026. They include 331 pension and profit-sharing plans, 10 corporations and other businesses and 8 insurance companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 9 September 2026
What services does Members Capital Advisors offer?
Members Capital Advisors provides 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
Which custodians does Members Capital Advisors use?
Members Capital Advisors’ separately managed account assets are held at State Street Bank and Trust Company (Kansas City, MO), with $26,260,973,641. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 September 2026
How many financial advisors does Members Capital Advisors have?
Members Capital Advisors has 1 investment adviser representatives registered with state securities authorities, out of 62 employees, and 41 perform investment advisory functions. 1 are registered representatives of a broker-dealer and 0 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 Members Capital Advisors invest in?
At the end of its last fiscal year, Members Capital Advisors’ separately managed accounts held 40% investment grade corporate bonds, 32% structured securities, commercial mortgage loans, and real estate., 23% pooled vehicles (private funds and similar), 2% state and local bonds, 1% U.S. government and agency bonds and 1% high-yield corporate bonds. It advises 6 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Members Capital Advisors?
Members Capital Advisors’ direct owner is Cuna Mutual Investment Corporation (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 9 September 2026
How does Members Capital Advisors get paid?
Members Capital Advisors is paid through a percentage of assets under management, fixed fees and other arrangements. 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