MPCA offers financial planning, consulting and investment management services to its
clients. Prior to the rendering of any of the foregoing advisory services, clients are
required to enter into one or more written agreements with MPCA setting forth the relevant
terms and conditions of the advisory relationship (the “Agreement”).
MPCA has been operating as an independent registered investment adviser since
November 2014 and is wholly owned by Christopher D. Featherstone, Jeffrey A. Mullen,
and Andrew Barfoot. As of December 31, 2023, MPCA had $259,374,154 in assets under
management, $241,337,271 of which was managed on a discretionary basis and
$18,036,883 of which was managed on a non-discretionary basis. We also provide advice
and counsel on an additional $5,060,195 of client assets such as 401(k) plans.
While this brochure generally describes the business of MPCA, certain sections also
discuss the activities of its Supervised Persons, which refer to the Firm’s officers,
partners, directors (or other persons occupying a similar status or performing similar
functions), employees or any other person who provides investment advice on MPCA’s
behalf and is subject to the Firm’s supervision or control.
Financial Planning and Consulting Services
MPCA offers clients a range of financial planning and consulting services, which may
include any or all of the following functions:
Business Planning
Cash Flow Forecasting
Asset Allocation
Retirement Planning
Estate Planning
Financial Reporting
Investment Consulting
Insurance Needs Analysis
Retirement Plan Analysis
Charitable Giving
Risk Management
Distribution Planning
While each of these services is available on a stand-alone basis, certain of them may
also be rendered in conjunction with investment portfolio management. In performing
these services, MPCA is not required to verify any information received from the client or
from the client’s other professionals (e.g., attorneys, accountants, etc.) and is expressly
authorized to rely on such information.
Where appropriate, MPCA recommend clients engage the Firm for additional related
services, its Supervised Persons in their individual capacities as insurance agents or
registered representatives of a broker-dealer, and other professionals to implement its
recommendations. Clients are advised that a conflict of interest exists if clients engage
MPCA or its Supervised Persons to provide additional fee-based services. Clients retain
absolute discretion over all decisions regarding implementation and are under no
obligation to act upon any
of the recommendations made by MPCA under a financial
planning or consulting engagement or to engage the services of any such recommended
professionals, including MPCA itself. Clients are advised that it remains their
responsibility to promptly notify the Firm of any change in their financial situation or
investment objectives for the purpose of reviewing, evaluating or revising MPCA’s
previous recommendations and/or services.
Investment Management Services
MPCA manages client investment portfolios on a discretionary or non-discretionary basis.
MPCA primarily allocates client assets among various mutual funds, exchange-traded
funds (“ETFs”), and individual debt and equity securities, in accordance with the
investment objectives of its individual clients. In addition, where appropriate, MPCA also
recommends that clients who constitute accredited investors, as defined in Rule 501(a)
under the Securities Act of 1933, invest in privately placed securities, which may include
debt, equity and/or interests in pooled investment vehicles (e.g., hedge funds), or digital
assets. Where appropriate, the Firm also provides advice about any type of legacy
position or other investment held in client portfolios.
Clients may also engage MPCA to advise on certain investment products that are not
maintained at their primary custodian, such as variable life insurance and annuity
contracts and assets held in employer sponsored retirement plans and qualified tuition
plans (i.e., 529 plans). In these situations, MPCA directs or recommends the allocation of
client assets among the various investment options available with the product. These
assets are generally maintained at the underwriting insurance company or the custodian
designated by the product’s provider.
MPCA tailors its advisory services to meet the needs of its individual clients and
continuously seeks to ensure that client portfolios are managed in a manner consistent
with their specific investment profiles. MPCA consults with clients on an initial and
ongoing basis to determine their specific risk tolerance, time horizon, liquidity constraints
and other qualitative factors relevant to the management of their portfolios. Clients are
advised to promptly notify MPCA if there are changes in their financial situation or if they
wish to place any limitations on the management of their portfolios. Clients may impose
reasonable restrictions or mandates on the management of their accounts if MPCA
determines, in its sole discretion, the conditions would not materially impact the
performance of a management strategy or prove overly burdensome to the Firm’s
management efforts.