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RIA / WealthRegistered adviserasset managerSEC registeredRAUM 1b 10b

EMERALD MUTUAL FUND ADVISERS TRUST

CRD 135130

LEOLA, PA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:04cb59ad-7d91-758a-8d60-e98b97f70016

Data as of Mar 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 18, 2026, 10:02 PM UTC and rebuilt at most every 15 minutes.

Relationships: 31
Dated events: 5
On other graphs: 0
Observed: Dec 19, 2011 to Mar 30, 2026
24 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: asset managerderivedprivate_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=3.0
Regulatory AUM: $2.1BItem 5.F on the latest filing (2026-03-30); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $2.1B
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 10
Advisory employees: 5
Offices: 1Schedule D 1.F, beyond the principal office
Accounts: 5
SEC number: 801-64204
CRD: 135130
Filings on the tape: 24
First filed: Dec 19, 2011
Latest filed: Mar 30, 2026
Organised: Other (specify), DE
Website: emeraldetfs.com

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
1251 CAPITAL GROUP HOLDINGS, LLC	Shareholder	F	yes	10/2018	Oct 31, 2018	Mar 29, 2024
1251 CAPITAL GROUP, INC.	MANAGING MEMBER	E	yes	10/2018	Oct 31, 2018	Mar 29, 2024
1251 FINANCING COMPANY, LLC	Member	E	yes	10/2018	Oct 31, 2018	Mar 29, 2024
BRIZIUS, CHARLES, ALBERT	MEMBER/MANAGER	F	yes	06/2016	Oct 31, 2018	Mar 29, 2024
DIFFRACTIVE MANAGERS GROUP PAYCO, LLC	Member	E	yes	10/2018	Mar 31, 2023	Mar 29, 2024
EMERALD ADVISERS, LLC	DIRECT OWNER	E	yes	03/2005	Dec 19, 2011	Mar 29, 2024
EMERALD ASSET MANAGEMENT EMPLOYEE STOCK OWNERSHIP TRUST	Member	E	yes	09/2012	Dec 24, 2013	Mar 29, 2024
EMERALD ASSET MANAGEMENT PA, LLC	Member	E	yes	10/2018	Oct 31, 2018	Mar 29, 2024
EMERALD ASSET MANAGEMENT, INC.	PARENT COMPANY	C	yes	01/1995	Oct 31, 2018	Mar 29, 2024
F/M MANAGERS GROUP, LLC	Member	D	yes	10/2018	Mar 29, 2024	Mar 29, 2024
HAILER, JOHN, THOMAS	MEMBER/MANAGER	D	yes	01/2018	Oct 31, 2018	Mar 29, 2024
Maguire, Christopher	Member	F	yes	07/2016	Oct 31, 2018	Mar 29, 2024
MERTZ, KENNETH, GEORGE	PRESIDENT, CHIEF INVESTMENT OFFICER AND PORTFOLIO MANAGER	Na	yes	03/2005	Dec 19, 2011	Mar 29, 2024
MOYER, DANIEL, WEBSTER	Trustee	F	yes	09/2012	Dec 19, 2011	Mar 29, 2024
MOYER, DANIEL, WEBSTER	EXECUTIVE VICE PRESIDENT	Na	yes	03/2005	Dec 19, 2011	Mar 29, 2024
REHR, SCOTT, LAMBERT	Trustee	F	yes	02/2024	Mar 29, 2024	Mar 29, 2024
SEARS, STACEY, LYNN	VICE PRESIDENT, SECRETARY AND PORTFOLIO MANAGER	Na	yes	03/2005	Dec 19, 2011	Mar 29, 2024
WARE, PAUL, WILLARD	Trustee	F	yes	09/2012	Oct 31, 2018	Mar 29, 2024
Wilson, Michael, Arthur Ross	Member	F	yes	07/2016	Oct 31, 2018	Mar 29, 2024
MEEHAN, JAMES, ANDREW	CHIEF COMPLIANCE OFFICER	Na	no	03/2005	Dec 19, 2011	Mar 29, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
F/M INVESTMENTS LLC	n/a	Asset manager	$18B	N	yes	n/a
ZIEGLER CAPITAL MANAGEMENT, LLC	n/a	Former SEC adviser	$6.6B	N	yes	n/a
EMERALD ADVISERS, LLC	n/a	Institutional manager	$3.3B	Y	yes	n/a
CONSERVATION RESOURCE PARTNERS, LLC	n/a	Asset manager	$822M	N	yes	n/a
EMSTONE ADVISERS, LLC	n/a	Institutional manager	$29.3M	N	yes	n/a
EMERALD SEPARATE ACCOUNT MANAGEMENT LLC	n/a	Asset manager	$21.3M	N	yes	n/a
EMERALD FINANCIAL SERVICES PRIVATE EQUITY PARTNERS LLC	n/a	n/a	n/a	N	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
KING OF PRUSSIA	Pa	United States	2	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 30, 2026	$2.1B	$2.1B	10	5	1	n/a	n/a
2024	Mar 28, 2025	$1.7B	$1.7B	10	5	1	n/a	n/a
2023	Mar 29, 2024	$1.9B	$1.9B	10	5	1	n/a	n/a
2022	Mar 31, 2023	$1.6B	$1.6B	10	5	1	n/a	n/a
2021	Mar 30, 2022	$2.9B	$2.9B	10	5	2	n/a	n/a
2020	Mar 30, 2021	$2.9B	$2.9B	10	5	2	n/a	n/a
2019	Mar 25, 2020	$2.5B	$2.5B	10	5	2	n/a	n/a
2018	Oct 31, 2018	$3.0B	$3.0B	10	5	3	n/a	n/a
2017	Dec 20, 2017	$2.4B	$2.4B	10	5	3	n/a	n/a
2016	Dec 15, 2016	$2.0B	$2.0B	10	5	n/a	n/a	n/a
2015	Dec 28, 2015	$1.9B	$1.9B	10	5	n/a	n/a	n/a
2014	Dec 27, 2014	$1.1B	$1.1B	10	5	n/a	n/a	n/a
2013	Dec 24, 2013	$737M	$737M	10	5	n/a	n/a	n/a
2012	Jan 3, 2013	$517M	$517M	10	5	n/a	n/a	n/a
2011	Jan 31, 2012	$251M	$251M	n/a	n/a	n/a	n/a	n/a

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$2.1B	$1.7B	25.1%	$1.6B	8.2%	10	10	1	1

Relationships

Affiliated with (11)

← EMERALD ADVISERS, LLCRegistered adviserother investment adviser, control, common control
factForm ADV
→ EMERALD ADVISERS, LLCRegistered adviserother investment adviser, control, common control
factForm ADV
→ EMSTONE ADVISERS, LLCRegistered adviserother investment adviser, common control
factForm ADV
→ EMERALD SEPARATE ACCOUNT MANAGEMENT LLCRegistered adviserother investment adviser, common control
factForm ADV
→ CONSERVATION RESOURCE PARTNERS, LLCRegistered adviserother investment adviser, common control
factForm ADV
→ F/M INVESTMENTS LLCRegistered adviserother investment adviser, common control
factForm ADV
→ ZCMRegistered adviserother investment adviser, common control
factForm ADV
← EMSTONE ADVISERS, LLCRegistered adviserother investment adviser, common control
factForm ADV
← EMERALD SEPARATE ACCOUNT MANAGEMENT LLCRegistered adviserother investment adviser, common control
factForm ADV
← EMERALD ETF ADVISERS, LLCRegistered adviserother investment adviser, common control
factForm ADV
← EMERALD DIRECT LENDING ADVISERS, LLCRegistered adviserother investment adviser, common control
factForm ADV

Controls (17)

← MOYER, DANIEL, WEBSTEROwnerTRUSTEE, ownership code F, individual
Dec 19, 2011 to Mar 29, 2024factForm ADV
← EMERALD ADVISERS, LLCOwnerDIRECT OWNER, ownership code E, domestic entity
Dec 19, 2011 to Mar 29, 2024factForm ADV
← REHR, SCOTT, LAMBERTOwnerTRUSTEE, ownership code F, individual
Mar 29, 2024 to Mar 29, 2024factForm ADV
← HAILER, JOHN, THOMASOwnerMEMBER/MANAGER, ownership code D, individual
Oct 31, 2018 to Mar 29, 2024factForm ADV
← BRIZIUS, CHARLES, ALBERTOwnerMEMBER/MANAGER, ownership code F, individual
Oct 31, 2018 to Mar 29, 2024factForm ADV
← SEARS, STACEY, LYNNOwnerVICE PRESIDENT, SECRETARY AND PORTFOLIO MANAGER, ownership code NA, individual
Dec 19, 2011 to Mar 29, 2024factForm ADV
← MERTZ, KENNETH, GEORGEOwnerPRESIDENT, CHIEF INVESTMENT OFFICER AND PORTFOLIO MANAGER, ownership code NA, individual
Dec 19, 2011 to Mar 29, 2024factForm ADV
← WARE, PAUL, WILLARDOwnerTRUSTEE, ownership code F, individual
Oct 31, 2018 to Mar 29, 2024factForm ADV
← Maguire, ChristopherOwnerMEMBER, ownership code F, individual
Oct 31, 2018 to Mar 29, 2024factForm ADV
← Wilson, Michael, Arthur RossOwnerMEMBER, ownership code F, individual
Oct 31, 2018 to Mar 29, 2024factForm ADV
← 1251 CAPITAL GROUP HOLDINGS, LLCOwnerSHAREHOLDER, ownership code F, domestic entity
Oct 31, 2018 to Mar 29, 2024factForm ADV
← 1251 FINANCING COMPANY, LLCOwnerMEMBER, ownership code E, domestic entity
Oct 31, 2018 to Mar 29, 2024factForm ADV
← DIFFRACTIVE MANAGERS GROUP PAYCO, LLCOwnerMEMBER, ownership code E, domestic entity
Mar 31, 2023 to Mar 29, 2024factForm ADV
← EMERALD ASSET MANAGEMENT EMPLOYEE STOCK OWNERSHIP TRUSTOwnerMEMBER, ownership code E, domestic entity
Dec 24, 2013 to Mar 29, 2024factForm ADV
← EMERALD ASSET MANAGEMENT PA, LLCOwnerMEMBER, ownership code E, domestic entity
Oct 31, 2018 to Mar 29, 2024factForm ADV
← EMERALD ASSET MANAGEMENT, INC.OwnerPARENT COMPANY, ownership code C, domestic entity
Oct 31, 2018 to Mar 29, 2024factForm ADV
← F/M MANAGERS GROUP, LLCOwnerMEMBER, ownership code D, domestic entity
Mar 29, 2024 to Mar 29, 2024factForm ADV

Owns (1)

← MEEHAN, JAMES, ANDREWOwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Dec 19, 2011 to Mar 29, 2024factForm ADV

Dated events

Occurred
Mar 30, 2026
Regulatory AUM changed
Emerald Mutual Fund Advisers Trust reported RAUM $2.1B, up 25% from $1.7B (2025-03-28 to 2026-03-30)
Form ADVobserved 3 days ago
$419M
Occurred
Mar 29, 2024
Control person joined
Lambert Scott Rehr (Trustee) appeared on Schedule A of Emerald Mutual Fund Advisers Trust
Form ADVobserved 3 days ago
Occurred
Mar 29, 2024
Control person left
Edward Joseph Besecker (Trustee) no longer on Schedule A of Emerald Mutual Fund Advisers Trust (listed 2023-12-20, absent 2024-03-29)
Form ADVobserved 3 days ago
Occurred
Mar 31, 2023
Regulatory AUM changed
Emerald Mutual Fund Advisers Trust reported RAUM $1.6B, down 44% from $2.9B (2022-03-30 to 2023-03-31)
Form ADVobserved 3 days ago
$-1.3B
Occurred
Mar 30, 2021
Regulatory AUM changed
Emerald Mutual Fund Advisers Trust reported RAUM $2.9B, up 35% from $2.2B (2020-09-04 to 2021-03-30)
Form ADVobserved 3 days ago
$764M

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:04cb59ad-7d91-758a-8d60-e98b97f70016
First observed: Dec 19, 2011
Last observed: Mar 30, 2026 5 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

EMERALD MUTUAL FUND ADVISERS TRUST

CRD 135130

LEOLA, PA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:04cb59ad-7d91-758a-8d60-e98b97f70016

Data as of Mar 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 18, 2026, 10:02 PM UTC and rebuilt at most every 15 minutes.

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

1251 CAPITAL GROUP HOLDINGS, LLC

Shareholder

yes

10/2018

Oct 31, 2018

Mar 29, 2024

1251 CAPITAL GROUP, INC.

MANAGING MEMBER

yes

10/2018

Oct 31, 2018

Mar 29, 2024

1251 FINANCING COMPANY, LLC

Member

yes

10/2018

Oct 31, 2018

Mar 29, 2024

BRIZIUS, CHARLES, ALBERT

MEMBER/MANAGER

yes

06/2016

Oct 31, 2018

Mar 29, 2024

DIFFRACTIVE MANAGERS GROUP PAYCO, LLC

Member

yes

10/2018

Mar 31, 2023

Mar 29, 2024

EMERALD ADVISERS, LLC

DIRECT OWNER

yes

03/2005

Dec 19, 2011

Mar 29, 2024

EMERALD ASSET MANAGEMENT EMPLOYEE STOCK OWNERSHIP TRUST

Member

yes

09/2012

Dec 24, 2013

Mar 29, 2024

EMERALD ASSET MANAGEMENT PA, LLC

Member

yes

10/2018

Oct 31, 2018

Mar 29, 2024

EMERALD ASSET MANAGEMENT, INC.

PARENT COMPANY

yes

01/1995

Oct 31, 2018

Mar 29, 2024

F/M MANAGERS GROUP, LLC

Member

yes

10/2018

Mar 29, 2024

HAILER, JOHN, THOMAS

MEMBER/MANAGER

yes

01/2018

Oct 31, 2018

Mar 29, 2024

Maguire, Christopher

Member

yes

07/2016

Oct 31, 2018

Mar 29, 2024

MERTZ, KENNETH, GEORGE

PRESIDENT, CHIEF INVESTMENT OFFICER AND PORTFOLIO MANAGER

yes

03/2005

Dec 19, 2011

Mar 29, 2024

MOYER, DANIEL, WEBSTER

Trustee

yes

09/2012

Dec 19, 2011

Mar 29, 2024

MOYER, DANIEL, WEBSTER

EXECUTIVE VICE PRESIDENT

yes

03/2005

Dec 19, 2011

Mar 29, 2024

REHR, SCOTT, LAMBERT

Trustee

yes

02/2024

Mar 29, 2024

SEARS, STACEY, LYNN

VICE PRESIDENT, SECRETARY AND PORTFOLIO MANAGER

yes

03/2005

Dec 19, 2011

Mar 29, 2024

WARE, PAUL, WILLARD

Trustee

yes

09/2012

Oct 31, 2018

Mar 29, 2024

Wilson, Michael, Arthur Ross

Member

yes

07/2016

Oct 31, 2018

Mar 29, 2024

MEEHAN, JAMES, ANDREW

CHIEF COMPLIANCE OFFICER

03/2005

Dec 19, 2011

Mar 29, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

F/M INVESTMENTS LLC

n/a

Asset manager

$18B

yes

n/a

ZIEGLER CAPITAL MANAGEMENT, LLC

n/a

Former SEC adviser

$6.6B

yes

n/a

EMERALD ADVISERS, LLC

n/a

Institutional manager

$3.3B

yes

n/a

CONSERVATION RESOURCE PARTNERS, LLC

n/a

Asset manager

$822M

yes

n/a

EMSTONE ADVISERS, LLC

n/a

Institutional manager

$29.3M

yes

n/a

EMERALD SEPARATE ACCOUNT MANAGEMENT LLC

n/a

Asset manager

$21.3M

yes

n/a

EMERALD FINANCIAL SERVICES PRIVATE EQUITY PARTNERS LLC

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

KING OF PRUSSIA

United States

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 30, 2026

$2.1B

n/a

2024

Mar 28, 2025

$1.7B

n/a

2023

Mar 29, 2024

$1.9B

n/a

2022

Mar 31, 2023

$1.6B

n/a

2021

Mar 30, 2022

$2.9B

n/a

2020

Mar 30, 2021

$2.9B

n/a

2019

Mar 25, 2020

$2.5B

n/a

2018

Oct 31, 2018

$3.0B

n/a

2017

Dec 20, 2017

$2.4B

n/a

2016

Dec 15, 2016

$2.0B

n/a

2015

Dec 28, 2015

$1.9B

n/a

2014

Dec 27, 2014

$1.1B

n/a

2013

Dec 24, 2013

$737M

n/a

2012

Jan 3, 2013

$517M

n/a

2011

Jan 31, 2012

$251M

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$2.1B

$1.7B

25.1%

$1.6B

8.2%