Morton Wealth Advisors provides portfolio management for individuals and small businesses and financial planning.
Morton Wealth Advisors reports 180 clients. They include 93 high-net-worth individuals and 87 individual clients. Of its assets, 100.0% ($306M across 433 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 48% | 11% |
| High-net-worth individuals | 52% | 88% |
| Pension and profit-sharing plans | Fewer than 5 | 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) | 87 | $34.4M | 11.2% | $395K |
| High-net-worth individuals | 93 | $268M | 87.7% | $2.88M |
| Pension and profit-sharing plans | Fewer than 5 | $3.28M | 1.1% | — |
| Total | 180 | $306M | 100% | — |
- Clients
- 87
- Regulatory AUM
- $34.4M
- AUM share
- 11.2%
- Avg. per client
- $395K
- Clients
- 93
- Regulatory AUM
- $268M
- AUM share
- 87.7%
- Avg. per client
- $2.88M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.28M
- AUM share
- 1.1%
- Avg. per client
- —
Total
- Clients
- 180
- Regulatory AUM
- $306M
- 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
- 0
Morton Wealth Advisors is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Michael Capobianco owns 50% to 75% of Morton Wealth Advisors. It has 2 employees.
Leadership
- Michael CapobiancoCCO
- Randall TavillaDirector
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- Michael John Capobianco
- Randall Jonathan Tavilla
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 soliciting firms
- Owns 50% to 75% of Morton Wealth Advisors
Michael Capobianco
Control person · since November 2006
- Owns 50% to 75% of Morton Wealth Advisors
Randall Tavilla
Control person · since August 2017
Morton Wealth Advisors’ regulatory assets grew 1.7× from $177M (July 2021) to $306M (March 2026); clients rose from 135 to 180 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $306M | 180 | 2 | 1 |
| Mar 2025March 2025 | $254M | 173 | 2 | 1 |
| Mar 2024March 2024 | $231M | 174 | 2 | 1 |
| Mar 2023March 2023 | $185M | 168 | 2 | 1 |
| Mar 2022March 2022 | $192M | 138 | 2 | 1 |
| Jul 2021July 2021 | $177M | 135 | 2 | 1 |
Besides its headquarters, Morton Wealth Advisors has 0 offices, with 1 listed address in 1 state.
Massachusetts · 1 listed address
- 55 Ferncroft Road, Suite 305, DanversHQ
Other business names
Morton Wealth Advisors has reported 1 other business name to the SEC.
- Mwa Asset Management
Contact and registration details
- Legal name
- Morton Wealth Advisors
- Headquarters
- 55 Ferncroft Road, Suite 305, Danvers, MA 01923
- Website
- mwa-am.com
- Phone
- 781-263-1600
- SEC file
- 801-112638
- Founded
- 2006
- Structure
- Massachusetts corporation
- Fiscal year end
- December
Morton Wealth Advisors’ named custodians for separately managed accounts are Fidelity ($302M, 99%) and Interactive Brokers ($3.84M, 1%). Morton Wealth Advisors does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $302M99%
- Interactive BrokersInteractive Brokers LLC · Greenwich, CT · $3.84M1%
At year end, Morton Wealth Advisors’ separately managed accounts were mostly in stocks (68%) and bonds (20%). Its reported 13F holdings for the quarter ended 30 June 2026 total $221M across 129 positions; the largest are Seagate Technology Hldngs PL (5.1%), Caterpillar Inc. (4.6%) and Lam Research Corp. (3.8%).
What the accounts hold
- Stocks68%
- Funds3%
- Bonds20%
- Investment grade corporate bonds11%
- State and local bonds6%
- U.S. government and agency bonds2%
- High-yield corporate bonds1%
- Cash7%
- Other2%
- Ria platform annuites2%
Reported 13F holdings
- $221M
- Reported 13F value
- 129
- Positions
- 36.6%
- In the 10 largest
- +21.2%
- Value vs. prior quarter
- Seagate Technology Hldngs PL5.1%
- Caterpillar Inc.4.6%
- Lam Research Corp.3.8%
- Dell Technologies Inc. · CL C3.8%
- Broadcom Inc.3.6%
- Apple Inc.3.6%
- Nvidia Corporation3.4%
- Alphabet Inc. · Cap Stk CL C3.1%
- United Rentals Inc.2.9%
- Deere & CO2.7%
Together, the ten largest are 36.6% of reported value.
How many clients does Morton Wealth Advisors have?
Morton Wealth Advisors has 180 clients and manages $306 million for them, as of March 2026. They include 93 high-net-worth individuals and 87 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 March 2026
What services does Morton Wealth Advisors offer?
Morton Wealth Advisors provides portfolio management for individuals and small businesses and financial planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Morton Wealth Advisors use?
Morton Wealth Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $302M and Interactive Brokers LLC (Greenwich, CT), with $3.84M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 March 2026
How many financial advisors does Morton Wealth Advisors have?
Morton Wealth Advisors has 2 investment adviser representatives registered with state securities authorities, out of 2 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
What does Morton Wealth Advisors invest in?
At the end of its last fiscal year, Morton Wealth Advisors’ separately managed accounts held 68% exchange-traded equities, 11% investment grade corporate bonds, 7% cash and equivalents, 6% state and local bonds, 3% registered funds (mutual funds, ETFs, BDCs), 2% U.S. government and agency bonds, 2% other and 1% high-yield corporate bonds. The 2% other category is described as: RIA Platform Annuites.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Morton Wealth Advisors?
Morton Wealth Advisors’ direct owners are Michael Capobianco (50% to 75%) and Randall Tavilla (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 3 March 2026
How does Morton Wealth Advisors get paid?
Morton Wealth 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 Morton Wealth Advisors?
Morton Wealth Advisors’ main office is at 55 Ferncroft Road, Suite 305, Danvers, MA 01923. Its phone number is 781-263-1600. Its website is mwa-am.com.