Mpwa, Inc. (Bakersfield)

Name: Mpwa, Inc.
Address: 2000 Oak Street, Bakersfield, CA, 93301
Telephone: (661) 395-9400

Mpwa, Inc. is a mid-sized advisory firm based in Bakersfield. It manages $98.75 million of regulatory assets for 338 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California and Ohio.

Mpwa provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mpwa: assets under management

The assets under management (AUM) of Mpwa, Inc. is $98.75 million. The firm's AUM has grown by 690% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $69.75 million in discretionary accounts and $29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $213.96 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.42 million.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 19% of the firm’s portfolio. Investments in government bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mpwa, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jeffrey Kapral Mestmaker serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Jeffrey Kapral Mestmaker is individuals with 326 clients and $57.5 million of assets under management. Among the 8 most similar advisory firms, Mpwa has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $98.75 million for 345 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Mpwa doesn't advise any private funds.

Careers at Mpwa, Inc.

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jeffrey Kapral Mestmaker has been acting as President since 1 Jan 2009. Daniel Patrick Petrey joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Patrick Joseph Burns	President & chief compliance officer	1 Sep 2008	75% - 100%	2991172
Jeffrey Kapral Mestmaker	President	1 Jan 2009	50% - 75%	5026410
Daniel Patrick Petrey	Chief compliance officer	1 Jan 2009	50% - 75%	4677644

Based in Bakersfield

The principal office where Mpwa, Inc. performs its advisory services is located at 2000 Oak Street, Bakersfield, CA 93301, which is also the mailing address of the firm. An additional office of the firm is in Cleveland, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (661) 395-9400. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at mpwealthadvisors.com.