MHS Advisory Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, and insurance. Financial planning was provided to 26–50 clients last fiscal year.
MHS Advisory Services reports 313 clients. They include 240 individual clients, 70 high-net-worth individuals and 2 charitable organizations. Of its assets, 68.3% ($173M across 833 accounts) are managed with discretion; $80.3M across 319 accounts are not. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 77% | 42% |
| High-net-worth individuals | 22% | 58% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 240 | $105M | 41.5% | $438K |
| High-net-worth individuals | 70 | $148M | 58.2% | $2.11M |
| Charitable organizations | Fewer than 5 | $303K | 0.1% | $152K |
| Corporations and other businesses | Fewer than 5 | $279K | 0.1% | $279K |
| Total | 313 | $253M | 100% | — |
- Clients
- 240
- Regulatory AUM
- $105M
- AUM share
- 41.5%
- Avg. per client
- $438K
- Clients
- 70
- Regulatory AUM
- $148M
- AUM share
- 58.2%
- Avg. per client
- $2.11M
- Clients
- Fewer than 5
- Regulatory AUM
- $303K
- AUM share
- 0.1%
- Avg. per client
- $152K
- Clients
- Fewer than 5
- Regulatory AUM
- $279K
- AUM share
- 0.1%
- Avg. per client
- $279K
Total
- Clients
- 313
- Regulatory AUM
- $253M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
MHS Advisory Services charges 0.75%–2.00% a year for its Portfolio Management Services. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- A fixed fee of up to $25,000 for broad based planning, or an hourly fee of $350 for specific services.
MHS Advisory Group, LLC owns 75% or more of MHS Advisory Services and is in turn owned by Thomas Hokr (50–75%) and John Sherwin (50–75%). The leadership team of MHS Advisory Services includes President John Sherwin. It has 7 employees.
Staff
- 7 employees
- 7 in advisory functions
- 7 state-registered reps
- 7 broker-dealer reps
- 5 insurance agents
- Owns 75% or more of MHS Advisory Services, LLC
MHS Advisory Group, LLC
Control person · since January 2015
- Owns 50% to 75% of MHS Advisory Group, LLC
Thomas Hokr
Control person · since January 2015
- Owns 50% to 75% of MHS Advisory Group, LLC
John Sherwin
Control person · since January 2015
MHS Advisory Services’ regulatory assets grew from $179M (March 2021) to $253M (August 2026); clients rose from 284 to 313 and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $253M | 313 | 7 | 2 |
| Jul 2025July 2025 | $238M | 317 | 7 | 2 |
| Mar 2024March 2024 | $205M | 307 | 6 | 2 |
| Mar 2023March 2023 | $178M | 300 | 6 | 2 |
| Apr 2022April 2022 | $203M | 283 | 6 | 2 |
| Mar 2021March 2021 | $179M | 284 | 7 | 2 |
Besides its headquarters, MHS Advisory Services has 1 office, with 2 listed addresses in 1 state.
Minnesota · 2 listed addresses
- 11330 86th Avenue North, Maple GroveHQ
- 10900 Wayzata BLVD, Minnetonka
Contact and registration details
- Legal name
- MHS Advisory Services, LLC
- Headquarters
- 11330 86th Avenue North, Maple Grove, MN 55369
- Website
- mhscos.com
- Phone
- 952-541-9201
- SEC file
- 801-80877
- Founded
- 2015
- Structure
- Minnesota LLC
- Fiscal year end
- December
MHS Advisory Services’ named custodians for separately managed accounts are Pershing ($133M, 75%) and Fidelity ($43.5M, 25%). MHS Advisory Services does not have custody of client assets.
- PershingPershing Advisor Solutions LLC · Jersey City, NJ · $133M75%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $43.5M25%
At year end, MHS Advisory Services’ separately managed accounts were mostly in funds (78%) and stocks (10%).
What the accounts hold
- Stocks10%
- Funds78%
- Bonds8%
- Cash4%
How many clients does MHS Advisory Services have?
MHS Advisory Services has 313 clients and manages $253 million for them, as of August 2026. They include 240 individual clients, 70 high-net-worth individuals and 2 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 August 2026
What services does MHS Advisory Services offer?
MHS Advisory Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does MHS Advisory Services charge?
MHS Advisory Services charges 0.75%–2.00% a year for its Portfolio Management Services. The fee is billed in arrears and is negotiable.
Source: MHS ADVISORY SERVICES, LLC FORM ADV PART 2A BROCHURE, filed 19 August 2026
Which custodians does MHS Advisory Services use?
MHS Advisory Services’ separately managed account assets are held at Pershing Advisor Solutions LLC (Jersey City, NJ), with $133M and Fidelity Brokerage Services LLC (Smithfield, RI), with $43.5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 August 2026
How many financial advisors does MHS Advisory Services have?
MHS Advisory Services has 7 investment adviser representatives registered with state securities authorities, out of 7 employees, and 7 perform investment advisory functions. 7 employees are registered representatives of a broker-dealer and 5 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 MHS Advisory Services invest in?
At the end of its last fiscal year, MHS Advisory Services’ separately managed accounts held 78% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities, 8% state and local bonds and 4% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns MHS Advisory Services?
MHS Advisory Services is owned through a holding company by Thomas Hokr and John Sherwin. Its direct owner is MHS Advisory Group, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 19 August 2026
How does MHS Advisory Services get paid?
MHS Advisory Services is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 MHS Advisory Services?
MHS Advisory Services’ main office is at 11330 86th Avenue North, Maple Grove, MN 55369. Its phone number is 952-541-9201. Its website is mhscos.com.