Middle Street Capital, LLC

Middle Street Capital provides ongoing portfolio management and financial advisory services to individuals, high-net-worth clients, pension and profit-sharing plans (including 401(k) plans), and charitable organizations. The firm reports managing approximately $125 million for about 79 clients, with the majority of assets held in discretionary accounts and each engagement documented by an investment policy statement addressing goals, tax considerations, and risk tolerance.

The firm follows an evidence-based, long-term approach rooted in modern portfolio theory, building broadly diversified portfolios primarily with low-cost index funds and ETFs and emphasizing strategic asset allocation tailored to each client’s investment policy statement. MSCL may also use tactical techniques—tax-loss harvesting, asset location optimization across tax wrappers, and selective use of buffered/defined-outcome ETFs—seeks discretionary trading authority, conducts monthly account reviews, and provides quarterly reporting.

Distinctive features include the firm’s work with pension and profit-sharing plan clients and the development of PensionOne, a turnkey Cash Balance Plan consulting and administration service that coordinates the investment adviser, enrolled actuary, third-party administrator, custodian, and CPA; the brochure indicates the firm currently devotes less than 20% of its working time to that activity. The firm manages client assets in-house rather than hiring outside managers, does not participate in wrap programs or receive soft-dollar benefits, and is in the process of transitioning from state to SEC registration after recent asset growth.