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Money Concepts Advisory Service: investment adviser
Money Concepts Capital Corp, doing business as Money Concepts Advisory Service, is an investment adviser registered with the SEC (file 801-39736, CRD 12963). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $4.1B
- Discretionary
- 61%
- Accounts
- 17,032
- Employees
- 478
- In advisory roles
- 375
- Disclosures
- 27
Company page · SEC adviser record · Full Form ADV (PDF)
The firm reports that it or a related person has custody of client cash and securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| Individuals | 16,296 | $3.0B | 73.8% |
| High net worth individuals | 511 | $993.5M | 24.4% |
| Pension and profit-sharing plans | 143 | $37.4M | 0.9% |
| Charities | 31 | $9.0M | 0.2% |
| Corporations | 51 | $24.1M | 0.6% |
How it is paid
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other: Solicitor fee
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients (other than registered investment companies and other pooled investment vehicles)
- Other: GENERAL CONSULTING SERVICES
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| Money Concepts International, | Company (U.S.) | Owns 100% of money | E 75% or more | Jan 1991 | Yes |
Indirect owners (Schedule B)
| Owner | Owns a stake in | Type | Stake | Control | Public company |
|---|---|---|---|---|---|
| Win Class a Stock Trust, Denis | World Investment | Company (U.S.) | E 75% or more | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.
Item 11 questions answered Yes
These questions cover the firm and its advisory affiliates.
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: in the past ten years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever denied, suspended, or revoked your or any advisory affiliate's registration or license, or otherwise prevented you or any advisory affiliate, by order, from associating with an investment-related business or restricted your or any advisory affiliate's activity?
- Has any self-regulatory organization or commodities exchange ever: found you or any advisory affiliate to have been involved in a violation of its rules (other than a violation designated as a "minor rule violation" under a plan approved by the SEC)?
- (1) Has any domestic or foreign court: ever dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or any advisory affiliate by a state or foreign financial regulatory authority?
- (1) Has any domestic or foreign court: Are you or any advisory affiliate now the subject of any civil proceeding that could result in a "yes" answer to any part of Item 11.H.(1)?
Actions about the firm (24)
- Jul 27, 2017Regulatory Action: Ohio Division of Securities FinalSanctions: Cease and Desist · Begun Jul 27, 2017 · Resolved Jul 27, 2017 · Consent · Docket 17-023
REIT's sold in amounts greater than 10 percent of clients LNW, violating prospectus guidelines.
Money Concepts Capital Corp. voluntarily entered into a consent agreement with the Ohio Division of Securities. The firm agreed to offer rescission/restitution to Ohio investors identified as having been sold reits in excess of Ohio's 10 percent liquid net worth concentration limit. Total amount not yet known.
- Oct 5, 2010Civil Judicial Action PendingSanctions: Other; No dollar amount indicated within petition. · Begun Oct 5, 2010
Negligence, fraud, illegality, fraudulent inducement, negligent misrepresentation, unsuitability and breach of contract.
- Jun 7, 2010Civil Judicial Action PendingSanctions: Money Damages (Private/Civil Complaint) · Begun Jun 7, 2010
Plaintiff is alleging negligent misrepresentation, common law fraud, civil conspiracy and breach of fiduciary duty.
- Jul 23, 2008Regulatory Action: Kentucky FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Begun Jun 6, 2008 · Resolved Jul 23, 2008 · Order · Docket 2008-AH-226
Non-compliance with heightened supervision of individual registered in the state of Kentucky.
The voluntary $5000 contribution to the investor protection trust was paid on July 23, 2008.
- Dec 14, 2007Regulatory Action: FINRA FinalSanctions: Censure · Fine: $13,500 · Begun Dec 4, 2007 · Resolved Dec 14, 2007 · Acceptance, Waiver & Consent(AWC) · Docket 2006003704001
Money Concepts Capital copr. Falied to timely repot five customer-related matters disclosable under NASD conduct rule 3070 and failed to timely amend forms U-4 for six registered representatives to report six disclosable customer matters and one Form U-5 to report a disclosable customer-related matter.
Money concepts was ordered to pay $13,5oo.oo fine to FINRA and censured for late filings of Form U-4 disclosures.
- May 2, 2007Regulatory Action: New Hampshire FinalBegun Jan 24, 2007 · Resolved May 2, 2007 · Consent · Docket INV06-041
Failed to comply with NH requirement for a designated principal.
Refrain from further violations.
- Aug 7, 2006Regulatory Action: Secretary of State Nevada. FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $7,500 · Begun Aug 2, 2006 · Resolved Aug 7, 2006 · Acceptance, Waiver & Consent(AWC) · Docket CIO6-091-DB
Unlicensed investment representative
A letter of caution was given to US as well as a $7000.00 fine. 8/2/06
MR. abulencia is the only iar we have licensed in the state of Nevada. We where unaware of the states branch requirements since he did not have or solicit clients while located at this branch. MR. abulencia moved from the state of calafornia where all of his advisory clients reside to the state of Nevada. The lack of registration in the state of Nevada was merely due to the misunderstanding of the iar requirements.
- Apr 4, 2002Civil Judicial Action PendingSanctions: Money Damages (Private/Civil Complaint) · Begun Apr 4, 2002
Claimant allege that representative, shelly smith, made certain negligent misrepresentation inducing claimant to purchase unsuitable stocks and mutual funds. Claimant is alleging that Money Concepts Capital Corp. has breached its fiduciary duties.
- Jul 2, 2001Civil Judicial Action FinalSanctions: Restitution · Begun Oct 6, 1999 · Resolved Jul 2, 2001 · Settled
Alleging Money Concepts Capital Corp. is vicariously responsible for an alleged sale of a security (promissory note) by an off- site independent contractor.
Settlement in the amount of $50000.
- Jun 29, 2001Civil Judicial Action FinalSanctions: Restitution · Begun Apr 14, 1998 · Resolved Jun 29, 2001 · Settled
Clients of bankrupt third party investment adviser alleges negligence or breach of duty by applicant in connection with alleged misappropriation of assets by a deceassed principal of the third party adviser. Claimants seek recovery of alleged damages in excess of $1,015,341 jointly and severally from several parties including the firm.
- Jun 29, 2001Civil Judicial Action FinalSanctions: Restitution · Begun Sep 11, 1998 · Resolved Jun 29, 2001 · Settled
Clients of bankrupt third party investment adviser alleges negligence or breach of duty by applicant in connection with alleged misappropration of assets by a deceased principal of the third party adviser. Claimants seek recovery of alleged damages of $1,450,000 jointly and severally from several parties including the firm.
See summary below (#14)
- May 25, 2001Civil Judicial Action FinalSanctions: Restitution · Fine: $26,000 · Begun May 30, 2000 · Resolved May 25, 2001 · Settled
Client of bankrupt third party investment adviser alleges negligence or breach of duty by applicant in connection with alleged misappropriation of assets by a deceased principal of the third party adviser. Claimant seek recovery of alleged damages of $99,000 jointly and severally from several parties including the firm.
All claims dismissed with prejudice, no admission or finding of liability.
- Oct 1, 2000Civil Judicial Action FinalSanctions: Restitution · Begun Oct 15, 1998 · Resolved Oct 1, 2000 · Dismissed
Clients of bankrupt third party investment adviser alleges negligence or breach of duty by applicant in connection with alleged misappropriation of assets by deceased principal of the third party adviser. Claimants seek recovery of alleged damages of $95,000 jointly and severally from several parties including the firm.
- Oct 1, 2000Civil Judicial Action FinalSanctions: Restitution · Begun May 22, 1998 · Resolved Oct 1, 2000 · Dismissed
Client of bankrupt third party investment adviser alleges negligence or breach of duty by applicant in connection with alleged misappropriation of assets by a deceased principal of the third party adviser. Claimant seeks recovery of alleged damages of $80,000 jointly and severally from several parties including the firm.
- Oct 1, 2000Civil Judicial Action FinalSanctions: Restitution · Begun Aug 31, 2000 · Resolved Oct 1, 2000 · Dismissed
Client of bankrupt third party investment adviser alleges negligence or breach of duty by applicant in connection with alleged misappropriation of assets by a deceased principal of the third party adviser. Claimant seek recoevery of alleged damages fo $78,000 jointly and severally from several parties including the firm.
- Oct 1, 2000Civil Judicial Action FinalSanctions: Restitution · Begun Aug 1, 2000 · Resolved Oct 1, 2000 · Dismissed
Client of bankrupt third party investment adviser alleges negligence or breach of duty by applicant in connection with alleged misappropriation of assets by a deceased principal of the third party adviser. Claimant seek recovery of alleged damages of $72,000 jointly and severally from several parties including the firm.
- Jan 1, 2000Civil Judicial Action FinalSanctions: Restitution · Begun Mar 28, 2000 · Resolved Jan 1, 2000 · Dismissed
Client of bankrupt third party investment adviser alleges negligence or breach of duty by applicant in connection with alleged misappropriation of assets by a deceased principal of the third party adviser. Claimant seeks recovery of alleged damages of $40,000 jointly and severally from several parties including the firm.
None
- Dec 15, 1999Civil Judicial Action FinalSanctions: Money Damages (Private/Civil Complaint) · Begun Mar 9, 1998 · Resolved Dec 15, 1999 · Dismissed
Claimants alleged negligence and breach of duty by the firm in connection with alleged unsuitable investment recommendations by a principal of a third party investment adviser. Claimants seek to recoever $250,000 in damages, representing in part the unpaid balance of a judgement against thrid party investment adviser and its principals.
- Jun 10, 1999Civil Judicial Action FinalSanctions: Money Damages (Private/Civil Complaint) · Fine: $12,211 · Begun Mar 26, 1998 · Resolved Jun 10, 1999 · Settled
Claimant allege that representative, murad zikri, made certain material misrepresentation inducing them to purchase four variable universal life insurance policies. The out of pocket losses include the lose of the first year annual premium payment of $14,142.70 for the policies. Claimant seeks to recover of alleged damages in the amount of $10,000,000.
State of California arbitrator awarded the above amount.
- Apr 11, 1999Regulatory Action: Texas FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Consent order · Fine: $2,500 · Begun Oct 21, 1996 · Resolved Apr 11, 1999 · Withdrawn · Docket 96-066
The state of Texas alleged that Money Concepts Capital Corp. had failed to fully comply with rule 115.1(s) which requires all offices in Texas of a registered securities dealer where records are maintained or the supervision of registered persons take place must be registered as a branch office with the state.
While Money Concepts Capital Corp. had registered all representatives with the NASD, Money Concepts Capital Corp. failed to register each office as a branch office. Money Concepts Capital Corp. paid an administrative fine in the amount of $2,500. Money Concepts Capital Corp. immediately registered all offices that met the definition under rule 115.1(s) as a branch office. Money Concepts Capital Corp. further reviewed the internal compliance system to insure its compliance with Texas state operations.
- Jun 29, 1993Regulatory Action: Connecticut FinalSanctions: Other · Fine: $1,000 · Begun Sep 14, 1994 · Resolved Jun 29, 1993 · Stipulation and Consent · Docket ST-93-2429-S
Money Concepts Capital Corp. d/b/a Money Concepts Advisory Service opened a single account in the dynamic asset allocation service to a client in Connecticut before registered in Connecticut as an investment adivsor as required by Connecticut section 36-474 (c) of the act.
Money concepts agreed to review WSPS and compliance procedures to detect and prevent violations of the CT uniform Securities Act as required by section 36-474(c).
- Mar 29, 1989Regulatory Action: State of Illinois FinalSanctions: Censure · Begun Mar 29, 1989 · Resolved Mar 29, 1989 · Consent · Docket NONE
Failure to file ifs capital's financial condition report within the 60 day filing period.
Ifs capital entered a stipulation to enter consent order of censure. Ifs capital received a consent order of censure whereby, we resolved the matter without formal hearing; we admitted to the jurisidiction of the secretary of state of il and consented to the entry of the consent order; we submit to the secretary of state a nortarized affidavit subscribing the steps and procedures implemented to prevent similiar violations of the act. The formal hearing on the matter was vacated without further procedding.
Ifs capital entered a stiputlation to enter consent order of censure. Ifs capital received a consent order of censure whereby, we resolved the matter withour formal hearing; ifs admitted to the jurisidication of the secretary of state of il and consented to the entry o fthe consent order; ifs submit to the secretary of state a nortarized affidavit subscribing the steps and procedures implemented to prevent similiar violations of the act. The formal hearing on the matter vacated without furture procedding.
- Mar 29, 1989Regulatory Action: State of Illinois FinalSanctions: Censure · Begun Mar 29, 1989 · Consent · Docket NONE
Failure to file ifs capital's financial condition report within the 60 day filing period.
Ifs capital entered a stipulation to enter consent order of censure. Ifs capital received a consent order of censure whereby, we resolved the matter without formal hearing; we admitted to the jurisidiction of the secretary of state of il and consented to the entry of the consent order; we submit to the secretary of state a nortarized affidavit subscribing the steps and procedures implemented to prevent similiar violations of the act. The formal hearing on the matter was vacated without further procedding.
Ifs capital entered a stipulation to enter consent order of censure. Ifs capital received a consent order of censure whereby, we resolved the matter without formal hearing; we admitted to the jurisdiction of the secretary of state of il and consented to the entry of the consent order; we submit to the secretary of state a nortarized affidavit subscribing the steps and procedures implemented to prevent similiar violations of the act. The formal hearing on teh matter was vacated without further procedding.
- Mar 29, 1989Regulatory Action: State of Illinois FinalSanctions: Censure · Fine: $500 · Begun Mar 29, 1989 · Resolved Mar 29, 1989 · Consent · Docket H8900196
Failure to file ifs capital's financial condition report within the 60 day filing period.
Ifs capital entered a stipulation to enter consent order of censure. Ifs capital received a consent order of censure whereby, we resolved the matter without formal hearing; we admitted to the jurisidiction of the secretary of state of il and consented to the entry of the consent order; we submit to the secretary of state a nortarized affidavit subscribing the steps and procedures implemented to prevent similiar violations of the act. The formal hearing on the matter was vacated without further procedding.
Disclosures filed elsewhere
The firm's Form ADV names these and the kind of action only; the details are on the named firm's own filing.
- 2 regulatory action disclosures about GWN Securities Inc.
- 1 regulatory action disclosure about Morrison, Lance, Matthew
Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.
The brochure
No brochure text was read for this firm.
Other brochures on file
- Money Concepts Advisory Service Form ADV Part 2A, Mar 24, 2026
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.