{"url":"https://nivawealth.com/firms/mercantile-advisors-i-165094","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/165094","regulatoryAum":146003313,"crd":"165094","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1938011","suffix":null,"lastName":"BOHANNON","firstName":"GLORIA","middleName":"ANN"},{"crd":"7730993","suffix":null,"lastName":"Hatcher","firstName":"Jessica","middleName":"Blair"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-24","regulatoryAum":110114797,"clients":143,"employees":3,"offices":1},{"filedOn":"2022-03-23","regulatoryAum":121845167,"clients":88,"employees":3,"offices":1},{"filedOn":"2023-02-15","regulatoryAum":105652885,"clients":68,"employees":3,"offices":1},{"filedOn":"2024-03-19","regulatoryAum":113654494,"clients":76,"employees":3,"offices":1},{"filedOn":"2025-04-03","regulatoryAum":130177520,"clients":73,"employees":3,"offices":1},{"filedOn":"2026-04-30","regulatoryAum":146003313,"clients":71,"employees":3,"offices":1}],"secFileNumber":"801-77019","legalName":"Mercantile Advisors I, LLC","displayName":"Mercantile Advisors I","slug":"mercantile-advisors-i-165094","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"901 Indiana Ave, Suite 450","city":"Wichita Falls","state":"TX","stateName":"Texas","country":"United States","postalCode":"76301"},"tradeNames":["Herbert R Smith & Company"],"registration":{"secApproved":"15 August 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2025","fee_rate_low":0.5,"fee_rate_high":1,"fee_negotiable":null,"minimum_account":500000,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T14:35:08.535772+00:00","documents":[{"name":"ADV PART 2 2025","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1043426","versionId":1043426,"submittedOn":"2026-04-30"}]},"custodians":[{"name":"Charles Schwab & Co Inc","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":0}],"custodyNote":"Mercantile Advisors I does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Gloria Bohannon","title":"Owner/CCO","crd":"1938011"}],"ownership":[{"label":"Gloria Bohannon","detail":"Owner/cco in the 75% or more ownership band and a control person, since October 2018."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"901 Indiana Ave, Suite 450","city":"Wichita Falls","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"940-723-5565","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Publication of periodicals or newsletters"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":39},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":4},{"label":"Investment grade corporate bonds","percent":4},{"label":"Securities issued by registered investment companies or business development companies","percent":36},{"label":"Cash and cash equivalents","percent":16}],"privateFunds":0},"sources":{"adv1FilingDate":"30 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/165094/PDF/165094.pdf","brochureDate":"30 April 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1043426","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Mercantile Advisors I have?","answer":"Mercantile Advisors I has 71 clients and manages $146 million for them, as of April 2026. They include 42 individual clients, 28 high-net-worth individuals and 1 charitable organization.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Mercantile Advisors I offer?","answer":"Mercantile Advisors I provides portfolio management for individuals and small businesses, portfolio management for institutions, and publishing newsletters.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Mercantile Advisors I charge?","answer":"Mercantile Advisors I charges 0.50%–1.00% a year for its Annual expense ratio. The fee is billed in advance and requires an account of at least $500,000.","source":"ADV PART 2 2025, filed 30 April 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Mercantile Advisors I use?","answer":"The filing also lists Charles Schwab & Co Inc with no separately managed account assets.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Mercantile Advisors I have?","answer":"Mercantile Advisors I has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Mercantile Advisors I invest in?","answer":"At the end of its last fiscal year, Mercantile Advisors I’s separately managed accounts held 39% exchange-traded equities, 36% registered funds (mutual funds, ETFs, BDCs), 16% cash and equivalents, 4% state and local bonds, 4% investment grade corporate bonds and 1% U.S. government and agency bonds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Mercantile Advisors I have a minimum investment?","answer":"Yes, Mercantile Advisors I’s minimum account size for its Annual expense ratio is $500K.","source":"ADV PART 2 2025, filed 30 April 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Mercantile Advisors I?","answer":"Mercantile Advisors I’s direct owner is Gloria Bohannon (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Mercantile Advisors I get paid?","answer":"Mercantile Advisors I is paid through a percentage of assets under management. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Mercantile Advisors I?","answer":"Mercantile Advisors I’s main office is at 901 Indiana Ave, Suite 450, Wichita Falls, TX 76301. Its phone number is 940-723-5565.","source":"Form ADV Part 1A, Item 1.F, filed 30 April 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}