MAG CAP

RIASEC RegisteredEst. 2018

Total AUM

$1.7B

Discretionary

$1B

61% of AUM

Avg account

$391K

Accounts

4,324

Employees

Advisory reps

Firm details

Headquarters: RIDGELAND, Mississippi
CRD number: 298398
Registered since: September 21, 2018
Website: magcapadvisors.com
Custodians: RAYMOND JAMES & ASSOCIATES, INC.
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees
Client types: Pension & Profit Sharing Plans32.82%
HNWI30.58%
Individuals24.39%
Corporations / Businesses6.24%
Banking / Thrift Institutions5.63%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other AdvisersEducational Seminars / Workshops

Firm profile

FINTRX

Overview

MAG Cap is an independent, SEC-registered registered investment adviser operating as an LLC and active since 2018. The firm serves both individual and institutional clients and acts as a capital allocator—sourcing and allocating to outside managers as part of its solution set. Its billing is a mix of percentage-of-AUM, hourly, and fixed fees. Core advisory services listed by the firm include financial planning, portfolio management for individuals and small businesses as well as for businesses and institutions, selection of other advisers, and educational workshops. MAG Cap does not identify as an active ESG investor. MAG Cap’s service mix indicates a hybrid model: discretionary portfolio management alongside non-discretionary relationships and stand‑alone planning or consulting engagements. The firm also promotes pension consulting and manager selection services, which align with its role as a capital allocator and its use of third‑party alternative managers. The firm was included in Citywire’s 2022 “50 Growers Across America” list.