MH & Associates Securities Management provides portfolio management for individuals and small businesses.
MH & Associates Securities Management reports 75 clients. They include 48 high-net-worth individuals and 27 individual clients. Of its assets, 94.6% ($190M across 151 accounts) are managed with discretion; $10.7M across 1 account is not. Of its clients, 1% are outside the U.S. It advised 75 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 36% | 5% |
| High-net-worth individuals | 64% | 95% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 27 | $10.8M | 5.4% | $401K |
| High-net-worth individuals | 48 | $189M | 94.6% | $3.95M |
| Total | 75 | $200M | 100% | $2.67M |
- Clients
- 27
- Regulatory AUM
- $10.8M
- AUM share
- 5.4%
- Avg. per client
- $401K
- Clients
- 48
- Regulatory AUM
- $189M
- AUM share
- 94.6%
- Avg. per client
- $3.95M
Total
- Clients
- 75
- Regulatory AUM
- $200M
- AUM share
- 100%
- Avg. per client
- $2.67M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 75
- Private funds advised
- 0
MH & Associates Securities Management charges 0.50%–1.00% a year for its Investment management. Each asset band is charged at its own rate.
| Asset band | Annual rate |
|---|---|
| $0–$3M | 1.00% |
| $3M–$6M | 0.80% |
| $6M–$10M | 0.60% |
| $10M and above | 0.50% |
Fee details and sources
Daniel Meichelbock owns 50% to 75% of MH & Associates Securities Management. The leadership team of MH & Associates Securities Management includes President Andrew Heilman and Chief Investment Officer John Heilman. It has 4 employees, 3 of them in advisory roles.
Leadership
Andrew HeilmanVice President- John HeilmanPresident, CCO, Chief Financial Officer, Chief Investment Officer & Secretary
Daniel MeichelbockVice President- Lara HeilmanManager
Staff
- 4 employees
- 3 in advisory functions
- Owns 50% to 75% of MH & Associates Securities Management Corp
Daniel Meichelbock
since May 2018
- Owns 25% to 50% of MH & Associates Securities Management Corp
John Heilman
since July 1981
- Owns 10% to 25% of MH & Associates Securities Management Corp
Andrew Heilman
since January 2021
- Owns 10% to 25% of MH & Associates Securities Management Corp
Lara Heilman
since January 2021
MH & Associates Securities Management’s regulatory assets grew 1.8× from $111M (August 2020) to $200M (August 2026); clients were 75 in both filings and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $200M | 75 | 4 | 2 |
| November 2025 | $151M | 76 | 4 | 2 |
| August 2024 | $147M | 75 | 4 | 2 |
| September 2023 | $131M | 77 | 4 | 2 |
| August 2022 | $141M | 75 | 4 | 2 |
| August 2021 | $139M | 75 | 4 | 2 |
| August 2020 | $111M | 72 | 4 | 2 |
Besides its headquarters, MH & Associates Securities Management has 1 office, with 2 listed addresses in California.
California · 2 listed addresses
- 2888 Loker Avenue East, Suite 318, CarlsbadHQ
- 23901 Calabasas Road, Calabasas
Contact and registration details
- Legal name
- MH & Associates Securities Management Corp
- Headquarters
- 2888 Loker Avenue East, Suite 318, Carlsbad, CA 92010
- Website
- mhinvestments.net
- Phone
- 626-440-9694
- SEC file
- 801-16281
- Structure
- California corporation
- Fiscal year end
- May
MH & Associates Securities Management uses Charles Schwab ($129M) as custodian for its separately managed accounts. MH & Associates Securities Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co. · El Paso, TX · $129M100%
At year end, MH & Associates Securities Management’s separately managed accounts were mostly in stocks (70%) and cash (17%). Its reported 13F holdings for the quarter ended 30 June 2026 total $112M across 100 positions; the largest are Vaneck Merk Gold ETF (4.8%), Rio Tinto PLC (3.9%) and Phillips 66 (3.7%).
What the accounts hold
- Stocks70%
- Bonds13%
- Cash17%
Reported 13F holdings
- $112M
- Reported 13F value
- 100
- Positions
- 35.7%
- In the 10 largest
- −2.7%
- Value vs. prior quarter
- Vaneck Merk Gold ETF · Gold Shs4.8%
- Rio Tinto PLC · Sponsored ADR3.9%
- Phillips 663.7%
- Biogen Inc.3.4%
- Qualcomm Inc.3.4%
- Halliburton CO3.4%
- Pfizer Inc.3.4%
- Altria Group Inc.3.4%
- Expand Energy Corporation3.2%
- Alphabet Inc. · Cap Stk CL A3.2%
Together, the ten largest are 35.7% of reported value.
How many clients does MH & Associates Securities Management have?
MH & Associates Securities Management has 75 clients and manages $200 million for them, as of August 2026. They include 48 high-net-worth individuals and 27 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 August 2026
What services does MH & Associates Securities Management offer?
MH & Associates Securities Management provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does MH & Associates Securities Management charge?
MH & Associates Securities Management charges 0.50%–1.00% a year for its Investment management. Each asset band is charged at its own rate.
Source: MH & ASSOCIATES FORM ADV PART 2A BROCHURE, filed 31 August 2026
Which custodians does MH & Associates Securities Management use?
MH & Associates Securities Management’s separately managed account assets are held at Charles Schwab & Co. (El Paso, TX), with $129M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 August 2026
How many financial advisors does MH & Associates Securities Management have?
MH & Associates Securities Management has 0 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 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
What does MH & Associates Securities Management invest in?
At the end of its last fiscal year, MH & Associates Securities Management’s separately managed accounts held 70% exchange-traded equities, 17% cash and equivalents and 13% 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
Who owns MH & Associates Securities Management?
MH & Associates Securities Management’s direct owners are John Heilman (25% to 50%), Daniel Meichelbock (50% to 75%), Andrew Heilman (10% to 25%) and Lara Heilman (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 August 2026
How does MH & Associates Securities Management get paid?
MH & Associates Securities Management 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
Is MH & Associates Securities Management registered with the SEC?
Yes, MH & Associates Securities Management has been registered with the SEC as an investment adviser since 19 August 1981. Its CRD number is 110516 and its SEC file number is 801-16281.
Source: Form ADV Part 1A, Item 1, filed 31 August 2026; IAPD firm record
How do I contact MH & Associates Securities Management?
MH & Associates Securities Management’s main office is at 2888 Loker Avenue East, Suite 318, Carlsbad, CA 92010. Its phone number is 626-440-9694. Its website is mhinvestments.net.