9AT: MH & ASSOCIATES SECURITIES MANAGEMENT CORPORATION

MH & ASSOCIATES SECURITIES MANAGEMENT CORPORATION

other names

MH & ASSOCIATES SECURITIES MANAGEMENT CORPORATION
MH & ASSOCIATES SECURITIES MANAGEMENT CORP

Adviser Profile

As of Date	11/14/2025
ADV Location	CARLSBAD, CA, United States
Adviser Type - Large advisory firm
Number of Employees	4
of those in investment advisory functions	3
Registration	SEC, Approved, 08/19/1981

AUM^*	150,527,167 15%
of that, discretionary	141,168,887 15%
Private Fund GAV^*	0
Avg Account Size	990,310 19%
% High Net Worth	61.84% 6%
SMA’s	Yes
Private Funds	0
Contact Info	626 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals

Advisory Activities

- Portfolio management for individuals and/or small businesses

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

131M 112M 93M 75M 56M 37M 19M

2015 2016 2017 2018 2019 2020 2021 2022

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Top Holdings

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker375558103	Stock NameGILEAD SCIENCES INC	$ Position$4,573,538	% Position4.00%	$ Change	# Change
Stck Ticker697900108	Stock NamePAN AMERN SILVER CORP	$ Position$4,819,729	% Position4.00%	$ Change	# Change
Stck Ticker881624209	Stock NameTEVA PHARMACEUTICAL INDS LTD	$ Position$4,329,795	% Position4.00%	$ Change	# Change
Stck Ticker921078101	Stock NameVANECK MERK GOLD ETF	$ Position$5,505,351	% Position4.00%	$ Change	# Change
Stck Ticker92189F106	Stock NameVANECK ETF TRUST	$ Position$3,263,292	% Position3.00%	$ Change	# Change
Stck Ticker747525103	Stock NameQUALCOMM INC	$ Position$3,528,078	% Position3.00%	$ Change	# Change
Stck Ticker767204100	Stock NameRIO TINTO PLC	$ Position$3,686,662	% Position3.00%	$ Change	# Change
Stck Ticker718546104	Stock NamePHILLIPS 66	$ Position$3,838,553	% Position3.00%	$ Change	# Change
Stck TickerG5960L103	Stock NameMEDTRONIC PLC	$ Position$3,341,640	% Position3.00%	$ Change	# Change
Stck Ticker595112103	Stock NameMICRON TECHNOLOGY INC	$ Position$3,208,009	% Position3.00%	$ Change	# Change

Brochure Summary

Overview

Firm Description MH & Associates (“the firm”) is a registered investments advisor with the Securities and Exchange Commission. The Firm was incorporated in June 1981. MH & Associates is an independent firm with no outside corporate ties or affiliations. Registration of an investment advisor does not imply any level of skill or training. Principal Owners John Z. Heilman, Daniel J. Meichelbock, Andrew Heilman, and Lara Heilman are the principal owners of MH & Associates. John Heilman is the President, Chief Financial Officer and Chief Investment Officer of the firm. Types of Advisory Services MH & Associates Securities Management Corporation primarily provides investment management services using a “balanced” investment style/approach. This balanced approach utilizes various investment vehicles including equities, fixed income securities and mutual funds. In its full discretionary relationships the firm provides the following investment management services:
• Continuous asset allocation between

equities, convertible securities, long term securities, short-term debt securities and cash equivalents.
• Supervision and review of all securities held in client’s account.
• Determination of which securities should be held, purchased and sold and execution of transactions.
• Periodic reports and, as agreed to by client, meetings to explain and review investment policy and strategy and performance results. Tailored Relationships The firm also provides the same services, as described above, that are not full discretionary. Due to different investment objectives, investment time horizon or risk tolerances of a client, the client can request that the account, within the framework of a balanced investment style, have different investment orientation, i.e. higher income orientation or higher equity exposure. Client Assets As of the time of producing this brochure (May 31, 2023), MH & Associates managed $131 million of client assets, all but $9 million on a fully discretionary basis.