{"url":"https://nivawealth.com/firms/msa-advisors-305170","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/305170","regulatoryAum":9647018829,"crd":"305170","history":[{"filedOn":"2021-04-14","regulatoryAum":6082889363,"clients":172,"employees":23,"offices":1},{"filedOn":"2022-04-27","regulatoryAum":8567909499,"clients":146,"employees":25,"offices":1},{"filedOn":"2023-07-12","regulatoryAum":7946002715,"clients":157,"employees":27,"offices":1},{"filedOn":"2024-06-28","regulatoryAum":8117604543,"clients":70,"employees":26,"offices":1},{"filedOn":"2025-04-15","regulatoryAum":8739376053,"clients":73,"employees":28,"offices":1},{"filedOn":"2026-03-27","regulatoryAum":9647018829,"clients":74,"employees":34,"offices":1}],"secFileNumber":"801-117239","legalName":"Msa Advisors, LLC","displayName":"Msa Advisors","slug":"msa-advisors-305170","website":"https://mainstreetadvisors.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/305170/0acc5e2893749d5c-r1.webp","tone":"dark","width":393,"height":200,"sourceUrl":"https://www.mainstreetadvisors.com/","sourceLabel":"Main Street Advisors, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/mainstreetadvisors/","founded":null,"organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3110 Main Street, Suite 310","city":"Santa Monica","state":"CA","stateName":"California","country":"United States","postalCode":"90405"},"tradeNames":[],"registration":{"secApproved":"22 August 2019","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":105008093.86764705,"staff":{"employees":34,"advisory":17,"brokerDealerReps":6,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":9647018829,"discretionary":7009680409,"discretionaryAccounts":52,"nonDiscretionary":2637338420,"nonDiscretionaryAccounts":73,"wrapProgram":null,"nonUsClientsPct":1,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":68,"regulatoryAum":7140550383},{"label":"Pooled investment vehicles","clients":6,"regulatoryAum":1768355368},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":47579929},{"label":"State or municipal government entities","clients":null,"fewerThan5":true,"regulatoryAum":690533149}],"feePrograms":[{"role":"main","program":"Management Fees","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1030166","versionId":1030166,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-27","documentName":"MSA ADVISORS, LLC - PART 2A OF FORM ADV","fee_rate_low":1,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T03:45:28.992578+00:00","documents":[{"name":"MSA ADVISORS, LLC - PART 2A OF FORM ADV","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1030166","versionId":1030166,"submittedOn":"2026-03-27"}]},"custodians":[],"custodyNote":"Msa Advisors has custody of $6.12B in client assets for 77 clients.","leadership":[{"name":"Christine Banian","title":"President","crd":"4213420"},{"name":"James Potts","title":"Chief Financial Officer","crd":"6411792"},{"name":"Jeremy Szuch","title":"Chief Compliance Officer","crd":"5554734"},{"name":"Christopher Fillo","title":"Vice Chairman","crd":"2258454"},{"name":"Todd Rosen","title":"General Counsel","crd":"7090551"},{"name":"Paul Wachter","title":"Chief","crd":"2183412"}],"ownership":[{"label":"Misty Mountain Hop Aggregator","detail":"Member in the 10% to 25% ownership band, since August 2021."},{"label":"Msa Advisors, LP","detail":"Managing member in the 75% or more ownership band and a control person, since September 2018."},{"label":"Misty Mountain Hop Aggregator Trust","detail":"Member in the 10% to 25% ownership band, since August 2021."},{"label":"Msa Advisors GP, LLC","detail":"Indirect owner: general partner of Msa Advisors, LP and a control person, since September 2018. Also general partner of Msa Advisors Holdco, LP. and a control person, since January 2024.","parent":"Msa Advisors, LP"},{"label":"Msa Advisors Holdco, LP.","detail":"Indirect owner: a limited partner of Msa Advisors, LP in the 75% or more band, since January 2024.","parent":"Msa Advisors, LP"},{"label":"Msa Holdings, Inc.","detail":"Indirect owner: a limited partner of Msa Advisors Holdco, LP. in the 75% or more band and a control person, since January 2024.","parent":"Msa Advisors Holdco, LP."},{"label":"Paul Wachter","detail":"Indirect owner: a shareholder of Msa Holdings, Inc. in the 75% or more band and a control person, since September 2018. Also a managing member of Msa Advisors GP, LLC in the 75% or more band and a control person, since September 2018.","parent":"Msa Holdings, Inc."},{"label":"Misty Mountain Hop Trustee LLC","detail":"Indirect owner: trustee of Misty Mountain Hop Aggregator Trust and a control person, since August 2021.","parent":"Misty Mountain Hop Aggregator Trust"}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"3110 Main Street, Suite 310","city":"Santa Monica","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"310-778-2200","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":11},{"label":"Non-exchange-traded equity securities","percent":49},{"label":"U.S. government/agency bonds","percent":5},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":31},{"label":"Cash and cash equivalents","percent":4},{"label":"Other","percent":1,"detail":"Real Estate"}],"privateFunds":6},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/305170/PDF/305170.pdf","brochureDate":"27 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1030166","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 Msa Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Msa Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Msa Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"How many financial advisors does Msa Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Msa Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Msa Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Msa Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Msa Advisors registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Msa Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/msa-advisors-305170/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1040410/000104041026000004/0001040410-26-000004-index.html","totalValue":388570841,"positionCount":43,"top10Share":0.8368760897321166,"top10":[{"issuer":"APOLLO GLOBAL MGMT INC","titleOfClass":"COM","cusip":"03769M106","value":92406262,"shares":781052,"shareType":"SH","priorValue":96244819,"priorShares":863802},{"issuer":"STATE STR SPDR S&P 500 ETF T","titleOfClass":"TR UNIT","cusip":"78462F103","value":52869822,"shares":70798,"shareType":"SH","priorValue":49970628,"priorShares":76728},{"issuer":"STARBUCKS 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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."}