Msa Advisors, Llc
- Regulatory AUM
- $9.6B
- Discretionary
- $7.0B
- Clients
- 74
- Avg AUM / client
- $130M
- Accounts
- 125
- Employees
- 34
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 68 | $7.1B | 74.0% |
| Pooled investment vehicles (non-investment companies) | 6 | $1.8B | 18.3% |
| Charitable organizations | Fewer than 5 clients | $47.6M | 0.49% |
| State or municipal government entities | Fewer than 5 clients | $691M | 7.16% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of Jun 2024 · $1.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Msa Acceleration Partners, L.P. | Private Equity Fund | Delaware | $1.1B | 134 |
| Msa Enterprises Lp | Private Equity Fund | Delaware | $282M | 63 |
| Msa Collateral Partners Llc | Hedge Fund | Delaware | $71.7M | 22 |
| Msa Quaestor Investors Lp | Other Private Fund | Delaware | $58.1M | 21 |
| Msa Acceleration Partners B, L.P. | Private Equity Fund | Delaware | $22.4M | 2 |
| Msa Enterprises (Parallel) Lp | Private Equity Fund | Delaware | $4.8M | 3 |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Fillo, Christopher, Mark | Vice Chairman | Feb 1997 (30y) | Less than 5% | |
| Wachter, Paul, David | Chief Executive Officer | Feb 1997 (30y) | ≈ 42.19% – 100% via Msa Holdings, Inc. | |
| Potts, James, Bertrum | Chief Financial Officer | Jul 2014 (12y) | Less than 5% | |
| Rosen, Todd, Jeffrey | General Counsel | Oct 2018 (8y) | Less than 5% | |
| Szuch, Jeremy, Brian | Chief Compliance Officer | Jul 2023 (3y) | Less than 5% | |
| Banian, Christine, Daniela | Chief Operating Officer | Dec 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Msa Advisors, Lp | Managing Member | Sep 2018 | A | 75% or more |
| Misty Mountain Hop Aggregator Trust | Member | Aug 2021 | A | 10% – 25% |
| Msa Holdings, Inc. | Limited Partner | Sep 2018 | B | ≈ 56.25% – 100% via Msa Advisors, Lp |
| Msa Advisors Gp, Llc | General Partner | Sep 2018 | B | GP / trustee / elected manager of Msa Advisors, Lp (indirect) |
| Misty Mountain Hop Trustee Llc | Trustee | Aug 2021 | B | GP / trustee / elected manager of Misty Mountain Hop Aggregator Trust (indirect) |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Wachter, Paul, David: 75% – 100% of Msa Holdings, Inc. × 75% – 100% of Msa Advisors, Lp × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Msa Holdings, Inc.: 75% – 100% of Msa Advisors, Lp × 75% – 100% direct ≈ 56.25% – 100% of the firm
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.
Private funds (6, $1.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Msa Acceleration Partners, L.P. | Private Equity Fund | $1.1B | $0 | 134 |
| Msa Enterprises Lp | Private Equity Fund | $282M | $0 | 63 |
| Msa Collateral Partners Llc | Hedge Fund | $71.7M | $0 | 22 |
| Msa Quaestor Investors Lp | Other Private Fund | $58.1M | $0 | 21 |
| Msa Acceleration Partners B, L.P. | Private Equity Fund | $22.4M | $0 | 2 |
| Msa Enterprises (Parallel) Lp | Private Equity Fund | $4.8M | $0 | 3 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 2.6 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗