Mpwa provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars. Financial planning was provided to 11–25 clients last fiscal year.
Mpwa reports 363 clients. They include 325 individual clients, 23 high-net-worth individuals, and 12 corporations and other businesses. Of its assets, 100.0% ($141M across 363 accounts) are managed with discretion. It advised 21 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 90% | 58% |
| High-net-worth individuals | 6% | 34% |
| Charitable organizations | <1% | 1% |
| Corporations and other businesses | 3% | 6% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 325 | $81.5M | 57.9% | $251K |
| High-net-worth individuals | 23 | $48.3M | 34.3% | $2.1M |
| Charitable organizations | Fewer than 5 | $1.89M | 1.3% | $628K |
| Corporations and other businesses | 12 | $9.1M | 6.5% | $758K |
| Total | 363 | $141M | 100% | — |
- Clients
- 325
- Regulatory AUM
- $81.5M
- AUM share
- 57.9%
- Avg. per client
- $251K
- Clients
- 23
- Regulatory AUM
- $48.3M
- AUM share
- 34.3%
- Avg. per client
- $2.1M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.89M
- AUM share
- 1.3%
- Avg. per client
- $628K
- Clients
- 12
- Regulatory AUM
- $9.1M
- AUM share
- 6.5%
- Avg. per client
- $758K
Total
- Clients
- 363
- Regulatory AUM
- $141M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 21
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Mpwa charges 0.65%–1.65% a year for its Asset Management. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- 401(k) Participant Service
- 401(k) participant reviews carry a flat fee of $50 to $1,000 each time a review is requested by an individual.
- Online Newsletter & Blog
- Subscription to the online newsletter and blog is $100 a year.
Daniel Petrey owns 50% to 75% of Mpwa. The leadership team of Mpwa includes President Jeffrey Mestmaker and Chief Compliance Officer Daniel Petrey. It has 3 employees.
Leadership
Jeffrey MestmakerPresident
Daniel PetreyChief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Mpwa, Inc.
Daniel Petrey
Control person · since January 2009
- Owns 50% to 75% of Mpwa, Inc.
Jeffrey Mestmaker
Control person · since January 2009
Mpwa’s regulatory assets went from $142M (March 2021) to $141M (April 2026); clients rose from 297 to 363 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $141M | 363 | 3 | 2 |
| March 2025 | $191M | 345 | 4 | 2 |
| March 2024 | $97.9M | 386 | 3 | 2 |
| March 2023 | $94M | 418 | 3 | 2 |
| April 2022 | $159M | 381 | 3 | 2 |
| March 2021 | $142M | 297 | 3 | 2 |
Besides its headquarters, Mpwa has 1 office, with 2 listed addresses in California.
California · 2 listed addresses
- 2000 Oak Street, Suite 100, BakersfieldHQ
- 22985 El Camino Real, Santa Margarita
Contact and registration details
- Legal name
- Mpwa, Inc.
- Headquarters
- 2000 Oak Street, Suite 100, Bakersfield, CA 93301
- Website
- mpwealthadvisors.com
- Phone
- 661-395-9400
- SEC file
- 801-116958
- Structure
- California corporation
- Fiscal year end
- December
Mpwa uses Raymond James ($123M) as custodian for its separately managed accounts. Mpwa does not have custody of client assets.
- Raymond JamesRaymond James · St. Petersburg, FL · $123M100%
At year end, Mpwa’s separately managed accounts were mostly in funds (58%) and stocks (19%).
What the accounts hold
- Stocks19%
- Funds58%
- Bonds10%
- U.S. government and agency bonds8%
- State and local bonds2%
- Cash13%
How many clients does Mpwa have?
Mpwa has 363 clients and manages $141 million for them, as of April 2026. They include 325 individual clients, 23 high-net-worth individuals, and 12 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 April 2026
What services does Mpwa offer?
Mpwa provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Mpwa charge?
Mpwa charges 0.65%–1.65% a year for its Asset Management. The fee is billed in advance and is negotiable.
Source: MPWA 2026 ANNUAL REVISED FIRM BROCHURE, filed 16 March 2026
Which custodians does Mpwa use?
Mpwa’s separately managed account assets are held at Raymond James (St. Petersburg, FL), with $123M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 April 2026
How many financial advisors does Mpwa have?
Mpwa has 3 investment adviser representatives registered with state securities authorities, out of 3 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 Mpwa invest in?
At the end of its last fiscal year, Mpwa’s separately managed accounts held 58% registered funds (mutual funds, ETFs, BDCs), 19% exchange-traded equities, 13% cash and equivalents, 8% U.S. government and agency bonds and 2% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Mpwa?
Mpwa’s direct owners are Daniel Petrey (50% to 75%) and Jeffrey Mestmaker (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 2 April 2026
How does Mpwa get paid?
Mpwa is paid through a percentage of assets under management, hourly charges 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 Mpwa?
Mpwa’s main office is at 2000 Oak Street, Suite 100, Bakersfield, CA 93301. Its phone number is 661-395-9400. Its website is mpwealthadvisors.com.