{"url":"https://nivawealth.com/firms/mhs-advisory-services-174590","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/174590","regulatoryAum":253334435,"crd":"174590","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6491600","suffix":null,"lastName":"HILL","firstName":"STEVEN","middleName":"JAMES"},{"crd":"1194034","suffix":null,"lastName":"HOKR","firstName":"THOMAS","middleName":"RALPH"},{"crd":"2913248","suffix":null,"lastName":"SELLS","firstName":"JEFFREY","middleName":"ROLAND"},{"crd":"4447546","suffix":null,"lastName":"SHERWIN","firstName":"JOHN","middleName":"CHRISTOPHER"}],"total":4,"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":"2021-03-09","regulatoryAum":179465665,"clients":284,"employees":7,"offices":2},{"filedOn":"2022-04-05","regulatoryAum":203187092,"clients":283,"employees":6,"offices":2},{"filedOn":"2023-03-07","regulatoryAum":177633992,"clients":300,"employees":6,"offices":2},{"filedOn":"2024-03-07","regulatoryAum":205164356,"clients":307,"employees":6,"offices":2},{"filedOn":"2025-07-21","regulatoryAum":238486167,"clients":317,"employees":7,"offices":2},{"filedOn":"2026-08-19","regulatoryAum":253334435,"clients":313,"employees":7,"offices":2}],"secFileNumber":"801-80877","legalName":"MHS Advisory Services, LLC","displayName":"MHS Advisory Services","slug":"mhs-advisory-services-174590","website":"https://mhscos.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"2015","organization":"Minnesota limited liability company","fiscalYearEnd":"December","headquarters":{"street":"11330 86th Avenue North","city":"Maple Grove","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55369"},"tradeNames":[],"registration":{"secApproved":"26 January 2015","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":815327.5741935484,"staff":{"employees":7,"advisory":7,"brokerDealerReps":7,"insuranceAgents":5,"promoters":0},"aum":{"regulatory":253334435,"discretionary":173014300,"discretionaryAccounts":833,"nonDiscretionary":80320135,"nonDiscretionaryAccounts":319,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":1},"clientTypes":[{"label":"Individuals (other than HNW)","clients":240,"regulatoryAum":105189463},{"label":"High-net-worth individuals","clients":70,"regulatoryAum":147562085},{"label":"Charitable organizations","clients":2,"fewerThan5":true,"regulatoryAum":303475},{"label":"Corporations and other businesses","clients":1,"fewerThan5":true,"regulatoryAum":279412}],"feePrograms":[{"role":"main","program":"Portfolio Management Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1055372","versionId":1055372,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-08-19","documentName":"MHS ADVISORY SERVICES, LLC FORM ADV PART 2A BROCHURE","fee_rate_low":0.75,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning Services","summary":"A fixed fee of up to $25,000 for broad based planning, or an hourly fee of $350 for specific services.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1055372","versionId":1055372,"submittedOn":"2026-08-19","documentName":"MHS ADVISORY SERVICES, LLC FORM ADV PART 2A BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T10:03:10.308751+00:00","documents":[{"name":"MHS ADVISORY SERVICES, LLC FORM ADV PART 2A BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1055372","versionId":1055372,"submittedOn":"2026-08-19"}]},"custodians":[{"name":"Pershing Advisor Solutions LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":132905274},{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":43530685}],"custodyNote":"MHS Advisory Services does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"John Sherwin","title":"President/CCO","crd":"4447546"}],"ownership":[{"label":"MHS Advisory Group, LLC","detail":"Managing member in the 75% or more ownership band and a control person, since January 2015."},{"label":"Thomas Hokr","detail":"Indirect owner: a managing member of MHS Advisory Group, LLC in the 50% to 75% band and a control person, since January 2015.","parent":"MHS Advisory Group, LLC"},{"label":"John Sherwin","detail":"Indirect owner: a managing member of MHS Advisory Group, LLC in the 50% to 75% band and a control person, since January 2015.","parent":"MHS Advisory Group, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Minnesota","offices":2,"addresses":[{"street":"11330 86th Avenue North","city":"Maple Grove","headquarters":true},{"street":"10900 Wayzata BLVD","city":"Minnetonka"}]}],"brochureServices":["education planning","estate planning","insurance"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"952-541-9201","stateRegisteredReps":7,"otherAdviserReps":4,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"26-50","assetMix":[{"label":"Exchange-traded equity securities","percent":10},{"label":"U.S. state and local bonds","percent":8},{"label":"Securities issued by registered investment companies or business development companies","percent":78},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"19 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/174590/PDF/174590.pdf","brochureDate":"19 August 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1055372","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 MHS Advisory Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does MHS Advisory Services offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does MHS Advisory Services charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does MHS Advisory Services use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does MHS Advisory Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does MHS Advisory Services invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns MHS Advisory Services?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does MHS Advisory Services get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact MHS Advisory Services?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 19 August 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."}