Mcelhenny Sheffield Capital Management, Llc
- Regulatory AUM
- $663M
- Discretionary
- $663M
- Clients
- 758
- Avg AUM / client
- $875K
- Accounts
- 1,385
- Employees
- 7
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Jul 14, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 658 | $156M | 23.5% |
| High net worth individuals | 99 | $350M | 52.8% |
| Investment companies | 1 | $152M | 22.9% |
| Charitable organizations | Fewer than 5 | $5.1M | 0.77% |
People (9)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bruce Mcelhenny Fraser | Managing Partner, Managing Member, And Chief Compliance Officer | Mar 2000 (26y) | 50% – 75% | |
| Fraser, Christine | Member | Jun 2007 (19y) | 25% – 50% | |
| Dorvil, Carl, G. | Member | Jan 2016 (11y) | Less than 5% | |
| Grant Layton Morris | Portfolio Manager And Director Of Operations | CFP CFA | Sep 2016 (10y) | Less than 5% |
| Jeffrey Paul Bradley | Registered representative | Feb 2015 (12y) | ||
| Ryan Anthony Mckee | Registered representative | Jun 2016 (10y) | ||
| Jesse William Hauptrief | Registered representative | May 2017 (9y) | ||
| Andrew Christopher Hunt | Registered representative | CFP | Aug 2024 (2y) | |
| Kyle Patrick Elam | Registered representative | CFA | Dec 2024 (2y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/14/2026 | 1.12 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THIS MATTER INVOLVES ALLEGED FAILURES TO COMPLY WITH AMENDMENTS TO ADVISERS ACT RULE 206(4)-1, WHICH BECAME EFFECTIVE ON MAY 4, 2021. AFTER NOVEMBER 4, 2022, THE COMPLIANCE DEADLINE FOR THE AMENDED MARKETING RULE, MSCM ADVERTISED HYPOTHETICAL PERFORMANCE ON ITS PUBLIC WEBSITE WITHOUT ADOPTING AND IMPLEMENTING POLICIES AND PROCEDURES REASONABLY DESIGNED TO ENSURE THAT THE HYPOTHETICAL PERFORMANCE WAS RELEVANT TO THE LIKELY FINANCIAL SITUATION AND INVESTMENT OBJECTIVES OF THE INTENDED AUDIENCE. AS A RESULT, THE SEC FOUND THAT MSCM VIOLATED SECTION 206(4) OF THE ADVISERS ACT AND RULE 206(4)-1(D) THEREUNDER. MSCM SETTLED THE CHARGES ON A NO ADMIT, NO DENY BASIS. Status: Final Sanction Detail: MONETARY PENALTY OF $60,000 PAID ON SEPTEMBER 21, 2023. Summary: MSCM REMOVED ALL HYPOTHETICAL PERFORMANCE FROM ITS PUBLIC-FACING WEBSITE AS OF JULY 13, 2023. THE SETTLED CHARGES WERE ANNOUNCED BY THE SEC ON SEPTEMBER 11, 2023. MSCM HAS PAID THE CIVIL MONETARY PENALTY ORDERED AND HAS REVIEWED, AMENDED AND REVISED ITS POLICIES AND PROCEDURES IN COMPLIANCE WITH THE SEC ORDER.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Charles Schwab & Co. $405M (61% of AUM) Jul 2026
- Raymond James $99.4M (15% of AUM) Jul 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 14, 2026.
View current Form ADV (SEC/IAPD) ↗