Msa Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers. The firm advises 6 private funds.
Msa Advisors reports 74 clients. They include 68 high-net-worth individuals and 6 pooled investment vehicles. Of its assets, 72.7% ($7.01B across 52 accounts) are managed with discretion; $2.64B across 73 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 92% | 74% |
| Pooled investment vehicles | 8% | 18% |
| Charitable organizations | Fewer than 5 | <1% |
| State or municipal government entities | Fewer than 5 | 7% |
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 |
|---|---|---|---|---|
| High-net-worth individuals | 68 | $7.14B | 74.0% | $105M |
| Pooled investment vehicles | 6 | $1.77B | 18.3% | $295M |
| Charitable organizations | Fewer than 5 | $47.6M | 0.5% | — |
| State or municipal government entities | Fewer than 5 | $691M | 7.2% | — |
| Total | 74 | $9.65B | 100% | — |
- Clients
- 68
- Regulatory AUM
- $7.14B
- AUM share
- 74.0%
- Avg. per client
- $105M
- Clients
- 6
- Regulatory AUM
- $1.77B
- AUM share
- 18.3%
- Avg. per client
- $295M
- Clients
- Fewer than 5
- Regulatory AUM
- $47.6M
- AUM share
- 0.5%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $691M
- AUM share
- 7.2%
- Avg. per client
- —
Total
- Clients
- 74
- Regulatory AUM
- $9.65B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 6
- Financial planning clients last fiscal year
- 0
Msa Advisors charges 1.00% a year for its Management Fees. The fee is billed in arrears and is negotiable.
Fee details and sources
Msa Advisors, LP owns 75% or more of Msa Advisors and is in turn owned by Msa Advisors Holdco, LP. (75% or more). The leadership team of Msa Advisors includes President Christine Banian, Chief Financial Officer James Potts and Chief Compliance Officer Jeremy Szuch. It has 34 employees, 17 of them in advisory roles.
Leadership
Christine BanianPresident- James PottsChief Financial Officer
Jeremy SzuchChief Compliance Officer
Christopher FilloVice Chairman
Todd RosenGeneral Counsel
Paul WachterChief
Staff
- 34 employees
- 17 in advisory functions
- 6 broker-dealer reps
- Owns 75% or more of Msa Advisors, LLC
Msa Advisors, LP
Control person · since September 2018
- Owns 75% or more of Msa Advisors, LP
Msa Advisors Holdco, LP.
since January 2024
- Owns 75% or more of Msa Advisors Holdco, LP.
Msa Holdings, Inc.
Control person · since January 2024
- Owns 75% or more of Msa Holdings, Inc.
Paul Wachter
Control person · since September 2018
Msa Advisors GP, LLC
General partner · Control person · since September 2018
- Owns 10% to 25% of Msa Advisors, LLC
Misty Mountain Hop Aggregator
since August 2021
- Owns 10% to 25% of Msa Advisors, LLC
Misty Mountain Hop Aggregator Trust
since August 2021
Misty Mountain Hop Trustee LLC
Trustee · Control person · since August 2021
Msa Advisors’ regulatory assets grew 1.6× from $6.08B (April 2021) to $9.65B (March 2026); clients fell from 172 to 74 and employees rose from 23 to 34.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $9.65B | 74 | 34 | 1 |
| April 2025 | $8.74B | 73 | 28 | 1 |
| June 2024 | $8.12B | 70 | 26 | 1 |
| July 2023 | $7.95B | 157 | 27 | 1 |
| April 2022 | $8.57B | 146 | 25 | 1 |
| April 2021 | $6.08B | 172 | 23 | 1 |
Besides its headquarters, Msa Advisors has 0 offices, with 1 listed address in California.
California · 1 listed address
- 3110 Main Street, Suite 310, Santa MonicaHQ
Contact and registration details
- Legal name
- Msa Advisors, LLC
- Headquarters
- 3110 Main Street, Suite 310, Santa Monica, CA 90405
- Website
- mainstreetadvisors.com
- Phone
- 310-778-2200
- @mainstreetadvisors
- SEC file
- 801-117239
- Structure
- California LLC
- Fiscal year end
- December
Msa Advisors has custody of $6.12B in client assets for 77 clients.
At year end, Msa Advisors’ separately managed accounts were mostly in stocks (60%) and funds (31%). Its reported 13F holdings for the quarter ended 30 June 2026 total $389M across 43 positions; the largest are Apollo Global Mgmt Inc. (23.8%), State Str SPDR S&P 500 ETF T (13.6%) and Starbucks Corp. (9.0%).
What the accounts hold
- Stocks60%
- Non-exchange-traded equities49%
- Exchange-traded equities11%
- Funds31%
- Bonds5%
- Cash4%
- Other1%
- Real estate1%
Reported 13F holdings
- $389M
- Reported 13F value
- 43
- Positions
- 83.7%
- In the 10 largest
- +16.8%
- Value vs. prior quarter
- Apollo Global Mgmt Inc.23.8%
- State Str SPDR S&P 500 ETF T · TR Unit13.6%
- Starbucks Corp.9.0%
- Live Nation Entertainment IN8.0%
- Alphabet Inc. · Cap Stk CL C7.1%
- Apple Inc.7.0%
- iShares TR · iShares Semicdtr4.8%
- Microsoft Corp.3.9%
- Meta Platforms Inc. · CL A3.3%
- Spotify Technology S A3.2%
Together, the ten largest are 83.7% of reported value.
How many clients does Msa Advisors have?
Msa Advisors has 74 clients and manages $9.65 billion for them, as of March 2026. They include 68 high-net-worth individuals and 6 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Msa Advisors offer?
Msa Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Msa Advisors charge?
Msa Advisors charges 1.00% a year for its Management Fees. The fee is billed in arrears and is negotiable.
Source: MSA ADVISORS, LLC - PART 2A OF FORM ADV, filed 27 March 2026
How many financial advisors does Msa Advisors have?
Msa Advisors has 0 investment adviser representatives registered with state securities authorities, out of 34 employees, and 17 perform investment advisory functions. 6 employees are registered representatives of a broker-dealer and 0 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 Msa Advisors invest in?
At the end of its last fiscal year, Msa Advisors’ separately managed accounts held 49% non-exchange-traded equities, 31% pooled vehicles (private funds and similar), 11% exchange-traded equities, 5% U.S. government and agency bonds, 4% cash and equivalents and 1% other. The 1% other category is described as: Real Estate. It advises 6 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Msa Advisors?
Msa Advisors is owned through a trust and a chain of holding companies by Paul Wachter. Its direct owners are Misty Mountain Hop Aggregator (10% to 25%), Msa Advisors, LP (75% or more) and Misty Mountain Hop Aggregator Trust (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Msa Advisors get paid?
Msa Advisors is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Msa Advisors registered with the SEC?
Yes, Msa Advisors has been registered with the SEC as an investment adviser since 22 August 2019. Its CRD number is 305170 and its SEC file number is 801-117239.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact Msa Advisors?
Msa Advisors’ main office is at 3110 Main Street, Suite 310, Santa Monica, CA 90405. Its phone number is 310-778-2200. Its website is mainstreetadvisors.com.