Members Capital Advisors, Inc. (Madison)


Members Capital Advisors, Inc. is a large advisory firm based in Madison. It manages $19.45 billion of regulatory assets for 340 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Members Capital Advisors provides portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Members Capital Advisors: assets under management

The assets under management (AUM) of Members Capital Advisors, Inc. is $19.45 billion. The firm's AUM has grown by 2156% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $17.76 billion in discretionary accounts and $1.7 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $82.2 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $13.68 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 26% of the total AUM. The second-largest asset type is other assets, which make up 22% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Members Capital Advisors, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jason Alan Pisarik serves?

The firm provides services to insurance companies, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Jason Alan Pisarik is insurance companies with 5 clients and $14.39 billion of assets under management. Among the 11 most similar advisory firms, Members Capital Advisors has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $19.45 billion for 340 clients. None of the firm’s clients are foreign persons or businesses.

Members Capital Advisors also advises several private funds. Namely, four private equity funds.

Careers at Members Capital Advisors, Inc.

The company employs 45 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 5 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.

Jason Alan Pisarik has been acting as President since 1 Dec 2012. John Monroe Landers joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Cuna Mutual Life Insurance Company Shareholder 50% 1 Jul 1982 50% - 75% 42-0388260
Michael Steven Daubs President and director 1 Jul 1982 Other 1456917
Lawrence Roy Halverson Senior vice president 1 Dec 1987 Other 1738686
Cuna Mutual Investment Corporation Shareholder 50% 1 Jan 1992 50% - 75% 39-1172351
Joyce Alberta Harris Director 1 Jan 1992 Other 4342294
James Charles Hickman Director 1 Jan 1992 Other 4342300
George Albert Nelson Director 1 Jan 1992 Other 856272
Thomas Joseph Merfeld Vice president 1 Jan 1994 Other 4342308
Michael Beverly Kitchen Director 1 Mar 1995 Other 4342304
Jeffrey Bruce Pantages Senior vice president 1 Mar 1998 Other 1234251
Mark T Warshauer Senior vice president 1 Nov 2000 Other 1874897
Mary Hoffmann Assistant vp,finance & operations 1 May 2001 Other 4514215
Scott David Knapp Vice president 1 Aug 2003 Other 1884700
Scott D. Opsal Vice president 1 Nov 2003 Other 4346465
John Clifford Gamble Vice president 1 Jan 2005 Other 4937048
Paul A. Lefurgey Vice president 1 Jan 2005 Other 4344465
Jeff Post Director 1 May 2005 Other 4961911
Marian Margaret Head Chief compliance officer 1 May 2005 Other 1477955
Marian Margaret Nelson Chief compliance officer 1 May 2005 Other 1477955
David Paul Marks President and director 1 Sep 2005 Other 4361034
Michael Steven Daubs Senior vice president and director 1 Sep 2005 Other 1456917
John William Petchler Senior vice president 1 Feb 2006 Other 1476031
Mary Hoffmann Assistant secretary/assistant treasurer 1 Sep 2006 Other 4514215
John William Petchler Vice president 1 Sep 2006 Other 1476031
Christine Mary Anderson Director and treasurer 1 Sep 2006 Other 4752128
Thomas Joseph Merfeld Director 1 Sep 2006 Other 4342308
Faye Anne Patzner Director and secretary 1 Sep 2006 Other 4132757
Tracy Kay Lien Assistant secretary 1 Sep 2006 Other 3277523
James Harold Metz Vice president 1 Feb 2007 Other 4502642
Mary Hoffmann Director and treasurer and assistant secretary 1 Aug 2007 Other 4514215
Cuna Mutual Insurance Society 50% owner 1 Jan 2008 50% - 75% 42-0388260
Mary Hoffmann Treasurer and assistant secretary 1 May 2008 Other 4514215
Cuna Mutual Investment Corporation 100% owner 1 Jun 2008 75% - 100% 39-1172351
Mary Hoffmann Treasurer and secretary 1 Aug 2008 Other 4514215
Scott Ray Powell Vice president 1 Aug 2008 Other 2233137
Thomas Joseph Merfeld Vice president 1 Aug 2008 Other 4342308
Kurt Yuan Jinn Lin Vice president 1 Aug 2008 Other 1795434
Timothy Sullivan Halevan Chief compliance officer 1 Jan 2009 Other 2288721
Mary Hoffmann Treasurer 1 Mar 2010 Other 4514215
Kerry Anne Jung Lead attorney and secretary 1 Mar 2010 Other 4267704
Carolyn Anne Jahnke Assistant secretary 1 Mar 2010 Other 5764131
Robyn B Pagnucci Treasurer 1 Feb 2011 Other 5902148
Stephen Wayne Koslow Director 1 May 2011 Other 2568174
Andrew J Michie Director 1 May 2011 Other 5933376
Steven R Suleski Secretary 1 Oct 2011 Other 4360636
Thomas Joseph Merfeld Senior vice president 1 Feb 2012 Other 4342308
Kurt Yuan Jinn Lin Vice president, managing director - investments 1 Feb 2012 Other 1795434
Thomas James Webber Vice president, managing director - investments 1 Feb 2012 Other 6041307
Amy M Cameron Vice president, managing director-investments 1 Feb 2012 Other 6043529
Thomas C Jensen Vice president, managing director - investments 1 Feb 2012 Other 6043542
Stuart Michael Rossmiller Vice president, managing director - investment research 1 Feb 2012 Other 2783964
Allen Randolph Cantrell Vice president, managing director - investments 1 Feb 2012 Other 4353516
John William Petchler Vice president managing director-investments 1 Mar 2012 Other 1476031
Scott Ray Powell Senior vice president, sr. managing director-public investments 1 Apr 2012 Other 2233137
John Reed Fields Senior vice president, senior managing director-private investments 1 Apr 2012 Other 1720896
Jason Alan Pisarik Director 1 Dec 2012 Other 6147437
Brian J Borakove Treasurer 1 Dec 2012 Other 6147438
Christopher Copeland Director 1 Jan 2015 Other 6437117
David Gilbert Brown President and director 1 Nov 2015 Other 5893878
Paul Joseph Chong Senior vice president 1 Jun 2016 Other 2084503
Anne Marie Finucane Vice president - managing director - investments 1 Jun 2016 Other 1920758
Benjamin T Wydick Vice president - market risk 1 Jun 2016 Other 6770237
Benjamin T Wydick Director 1 Aug 2017 Other 6770237
John Monroe Landers Chief compliance officer 1 Aug 2018 Other 6494292

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Cuna Mutual Insurance Society 100% owner cmic 1 Mar 2007 75% - 100% 39-0230590
Cmfg Life Insurance Company 100% owner of cmic 1 Jan 2008 75% - 100% 42-0388260

Based in Madison

The principal office where Members Capital Advisors, Inc. performs its advisory services is located at 5910 Mineral Point Rd, Madison, WI 53705, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 319-483-3241. The normal business hours are 8:00 am to 5:00 pm ct on Monday - Friday. You can find more information about the New York firm at cunamutual.com/mca.