Midwest Capital Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and educational seminars. Financial planning was provided to 500 clients last fiscal year.
Midwest Capital Advisors reports 337 clients. They include 140 individual clients, 125 high-net-worth individuals, and 65 pension and profit-sharing plans. Of its assets, 81.9% ($1.11B across 966 accounts) are managed with discretion; $246M across 5 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 42% | 4% |
| High-net-worth individuals | 37% | 21% |
| Pension and profit-sharing plans | 19% | 62% |
| Charitable organizations | Fewer than 5 | <1% |
| State or municipal government entities | 2% | 11% |
| Other client typesCorporations and other businesses | 0% | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 140 | $55.9M | 4.1% | $400K |
| High-net-worth individuals | 125 | $291M | 21.5% | $2.33M |
| Pension and profit-sharing plans | 65 | $837M | 61.7% | $12.9M |
| Charitable organizations | Fewer than 5 | $5.13M | 0.4% | — |
| State or municipal government entities | 7 | $155M | 11.4% | $22.2M |
| Corporations and other businesses | Fewer than 5 | $12.5M | 0.9% | — |
| Total | 337 | $1.36B | 100% | — |
- Clients
- 140
- Regulatory AUM
- $55.9M
- AUM share
- 4.1%
- Avg. per client
- $400K
- Clients
- 125
- Regulatory AUM
- $291M
- AUM share
- 21.5%
- Avg. per client
- $2.33M
- Clients
- 65
- Regulatory AUM
- $837M
- AUM share
- 61.7%
- Avg. per client
- $12.9M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.13M
- AUM share
- 0.4%
- Avg. per client
- —
- Clients
- 7
- Regulatory AUM
- $155M
- AUM share
- 11.4%
- Avg. per client
- $22.2M
- Clients
- Fewer than 5
- Regulatory AUM
- $12.5M
- AUM share
- 0.9%
- Avg. per client
- —
Total
- Clients
- 337
- Regulatory AUM
- $1.36B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 500
Midwest Capital Advisors is paid through a percentage of assets under management and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
Michael Desmyter owns 25% to 50% of Midwest Capital Advisors. The leadership team of Midwest Capital Advisors includes Chief Compliance Officer Mark Satkoski. It has 11 employees, 8 of them in advisory roles.
Leadership
- Mark SatkoskiChief Compliance Officer
- Michael DesmyterMember, Manager
- Jeffrey GietzenMember
- Mark SatkoskiMember
- Henry SwainMember
- Jack TungeMember
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
- Michael David Desmyter
- Olivia Morris
- Shane Michael Myas
- Mark Richard Satkoski
- Kristen Seeley Schukow
- Bradley Thomas
- Jack Nicklaus Tunge
- Joshua A Westers
Staff
- 11 employees
- 8 in advisory functions
- 8 state-registered reps
- Owns 25% to 50% of Midwest Capital Advisors, LLC
Michael Desmyter
Control person · since January 2014
- Owns 25% to 50% of Midwest Capital Advisors, LLC
Jack Tunge
Control person · since January 2019
- Owns 25% to 50% of Midwest Capital Advisors, LLC
Mark Satkoski
Control person · since January 2019
Midwest Capital Advisors’ regulatory assets grew 2.4× from $568M (July 2021) to $1.36B (May 2026); clients rose from 230 to 337 and employees from 7 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $1.36B | 337 | 11 | 1 |
| March 2025 | $1.13B | 321 | 9 | 1 |
| June 2024 | $947M | 379 | 8 | 1 |
| March 2023 | $767M | 362 | 8 | 1 |
| May 2022 | $760M | 259 | 8 | 1 |
| July 2021 | $568M | 230 | 7 | 1 |
Besides its headquarters, Midwest Capital Advisors has 0 offices, with 1 listed address in Michigan.
Michigan · 1 listed address
- 688 Cascade West Parkway Se, Grand RapidsHQ
Contact and registration details
- Legal name
- Midwest Capital Advisors, LLC
- Headquarters
- 688 Cascade West Parkway Se, Grand Rapids, MI 49546
- Website
- midwestcap.com
- Phone
- 616-454-9600
- @midwest-capital-advisors
- SEC file
- 801-79681
- Structure
- Michigan LLC
- Fiscal year end
- December
Midwest Capital Advisors uses Empower ($411M, 34%), Charles Schwab ($378M, 31%) and Fidelity ($232M, 19%), among others, as custodians for its separately managed accounts. Midwest Capital Advisors has custody of $59.6M in client assets for 101 clients.
- FidelityNational Financial Services LLC · Boston, MA · $232M19%
- Broadridge Business Process OutsourcingBroadridge Business Process Outsourcing, LLC · Denver, CO · $194M16%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $378M31%
- EmpowerEmpower Financial Services, Inc. · Greenwood Village, CO · $411M34%
At year end, Midwest Capital Advisors’ separately managed accounts were mostly in funds (96%). Its reported 13F holdings for the quarter ended 30 June 2026 total $246M across 210 positions; the largest are Schwab Strategic TR (23.9%), Blackrock ETF Trust (11.1%) and Blackrock ETF Trust (9.6%).
What the accounts hold
- Stocks1%
- Funds96%
- Bonds1%
- Cash2%
Reported 13F holdings
- $246M
- Reported 13F value
- 210
- Positions
- 70.4%
- In the 10 largest
- +15.0%
- Value vs. prior quarter
- Schwab Strategic TR · US Lcap GR ETF23.9%
- Blackrock ETF Trust · Isha IN Ctry ETF11.1%
- Blackrock ETF Trust · iShares US Equit9.6%
- Blackrock ETF Trust · Isha I IN TE ETF5.0%
- iShares TR · US Treas BD ETF4.8%
- Putnam ETF Trust · Focused Lar Cap4.3%
- iShares TR · MSCI USA Mmentm3.4%
- Global X Fds · Defense Tech ETF3.1%
- iShares Inc. · Core MSCI Emkt2.7%
- Blackrock ETF Trust · Isha US Them ETF2.6%
Together, the ten largest are 70.4% of reported value.
How many clients does Midwest Capital Advisors have?
Midwest Capital Advisors has 337 clients and manages $1.36 billion for them, as of May 2026. They include 140 individual clients, 125 high-net-worth individuals, and 65 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 May 2026
What services does Midwest Capital Advisors offer?
Midwest Capital Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Midwest Capital Advisors use?
Midwest Capital Advisors’ separately managed account assets are held at Empower Financial Services, Inc. (Greenwood Village, CO), with $411M, Charles Schwab & Co., Inc. (Westlake, TX), with $378M, National Financial Services LLC (Boston, MA), with $232M and Broadridge Business Process Outsourcing, LLC (Denver, CO), with $194M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 May 2026
How many financial advisors does Midwest Capital Advisors have?
Midwest Capital Advisors has 8 investment adviser representatives registered with state securities authorities, out of 11 employees, and 8 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 Midwest Capital Advisors invest in?
At the end of its last fiscal year, Midwest Capital Advisors’ separately managed accounts held 96% registered funds (mutual funds, ETFs, BDCs), 2% cash and equivalents, 1% exchange-traded equities 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
Who owns Midwest Capital Advisors?
Midwest Capital Advisors’ direct owners are Michael Desmyter, Jack Tunge and Mark Satkoski, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 15 May 2026
How does Midwest Capital Advisors get paid?
Midwest Capital Advisors is paid through a percentage of assets under management and fixed fees. 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 Midwest Capital Advisors?
Midwest Capital Advisors’ main office is at 688 Cascade West Parkway Se, Grand Rapids, MI 49546. Its phone number is 616-454-9600. Its website is midwestcap.com.