Third Coast Securities LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Third Coast Securities is a small, fee-only registered investment adviser that provides ongoing portfolio management to individuals and high-net-worth clients, as well as trusts, estates, small businesses, charitable organizations and municipalities. The firm is a solo-practitioner practice owned and operated by Todd Muha and reported approximately $5,435,000 in assets across 37 discretionary and non-discretionary accounts for about 23 clients as of December 31, 2025.
The adviser delivers individualized investment management using fundamental analysis and constructs diversified portfolios tailored to each client’s risk tolerance and time horizon; it documents investment objectives through risk assessments or investment policy statements and generally reviews portfolios at least quarterly. Third Coast Securities offers both non-discretionary and limited discretionary arrangements and the brochure describes a mix of discretionary and client-directed accounts, reflecting a notable emphasis on client‑directed (non‑discretionary) management in its practice model.
Compared with many independent peers, the firm is distinctive for its small scale and for disclosing past regulatory‑related events: the brochure notes a 2019 criminal charge that was later dismissed, the adviser’s subsequent discharge from a prior firm, and a FINRA review that was closed; it also reports a recent material change that the principal is no longer insurance licensed (having not accepted insurance commissions historically). The firm affirms a fee‑only, fiduciary approach and states it does not recommend wrap programs or accept performance‑based compensation.
Client services
Expertise
Occupation focus
Fee options
$0 - $500,000: 2% $500,001 - $1,000,000: 1.75% $1,000,001 - $2,000,000: 1.50% $2,000,001+: 1.25%
Fee-only: Investment management fees based on tiered percentage of assets under management; no commissions or performance fees accepted.
Main office
Traverse City MI
Advisors at this office
1
Most active in
Michigan
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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