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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM 100m 1b

EFFICIENT MARKET ADVISORS, LLC

CRD 132188

LA JOLLA, CA

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:cedf9091-e8ca-79ec-e7a4-86deb6581a71

Data as of Mar 28, 2017 (this record's last observation) from federal regulator filings. Page built Sep 18, 2026, 11:26 PM UTC and rebuilt at most every 15 minutes.

Relationships: 13
Dated events: 0
On other graphs: 0
Observed: Nov 11, 2011 to Mar 28, 2017
21 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: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $808MItem 5.F on the latest filing (2017-03-28); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $808M
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: 2
Advisory employees: 2
Accounts: 1,851
SEC number: 801-66784
CRD: 132188
Filings on the tape: 21
First filed: Nov 11, 2011
Latest filed: Mar 28, 2017
Organised: Limited Liability Company, California

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
MORGAN, HERBERT, WILLIAM	CEO / CHIEF INVESTMENT OFFICER & CHIEF COMPLIANCE OFFICER	C	yes	07/2004	Nov 11, 2011	Mar 28, 2017
MORGAN, MARY, PATRICIA	Owner	C	yes	07/2004	Nov 11, 2011	Mar 28, 2017
ANDERSON, JEFFREY, CAMPBELL	Owner	Na	no	01/2008	Nov 11, 2011	Mar 28, 2017

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
2016	Mar 28, 2017	$808M	$808M	2	2	n/a	n/a	n/a
2015	Mar 30, 2016	$512M	$512M	11	7	n/a	n/a	n/a
2014	Mar 30, 2015	$583M	$458M	11	5	n/a	n/a	n/a
2013	Mar 27, 2014	$434M	$398M	11	5	n/a	n/a	n/a
2012	Feb 15, 2013	$268M	$268M	9	6	n/a	n/a	n/a
2011	Mar 1, 2012	$202M	$202M	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
2016	$808M	$512M	57.7%	$434M	23.0%	2	11	n/a	n/a

Teams out

two or more advisors whose registrations ended here and began at one firm together: a fact of two dates, not a prediction

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
CANTOR FITZGERALD INVESTMENT ADVISORS	4	Mar 24, 2017	Mar 13, 2017	LA JOLLA, CA	Firm absorbed	Other	80.0%

Relationships

Controls (2)

← MORGAN, HERBERT, WILLIAMOwnerCEO / CHIEF INVESTMENT OFFICER & CHIEF COMPLIANCE OFFICER, ownership code C, individual
Nov 11, 2011 to presentfactForm ADV
← MORGAN, MARY, PATRICIAOwnerOWNER, ownership code C, individual
Nov 11, 2011 to presentfactForm ADV

Owns (1)

← ANDERSON, JEFFREY, CAMPBELLOwnerOWNER, ownership code NA, individual
Nov 11, 2011 to presentfactForm ADV

Registered with (9)

← LOYD AUSTINE CROWEAdvisorregistration: previous registration
Feb 8, 2010 to Oct 10, 2017factForm ADV
← Glenn AmbachAdvisorregistration: previous registration
Nov 30, 2012 to Mar 24, 2017factForm ADV
← CODY DANIEL ROMINGERAdvisorregistration: previous registration
Aug 10, 2015 to Mar 24, 2017factForm ADV
← BENJAMIN G BAMFORDAdvisorregistration: previous registration
Aug 10, 2015 to Mar 24, 2017factForm ADV
← Spencer MorganAdvisorregistration: previous registration
Feb 1, 2017 to Mar 24, 2017factForm ADV
← Kevin Gerard KellyAdvisorregistration: previous registration
Dec 8, 2010 to Aug 1, 2011factForm ADV
← TODD ALAN VOLKMANAdvisorregistration: previous registration
Mar 24, 2010 to Nov 23, 2010factForm ADV
← PETER RAYMOND GAYLORDAdvisorregistration: previous registration
Sep 3, 2004 to Nov 21, 2009factForm ADV
← Mary Ann SullivanAdvisorregistration: previous registration
Apr 28, 2009 to May 28, 2009factForm ADV

Moved with (1)

→ CANTOR FITZGERALD INVESTMENT ADVISORSRegistered adviser4 advisors, firm absorbed, same day
Mar 24, 2017 to Mar 13, 2017factForm ADV

Dated events

No dated event names this entity yet.

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:cedf9091-e8ca-79ec-e7a4-86deb6581a71
First observed: Nov 11, 2011
Last observed: Mar 28, 2017 115 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.

EFFICIENT MARKET ADVISORS, LLC

CRD 132188

LA JOLLA, CA

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:cedf9091-e8ca-79ec-e7a4-86deb6581a71

Data as of Mar 28, 2017 (this record's last observation) from federal regulator filings. Page built Sep 18, 2026, 11:26 PM UTC and rebuilt at most every 15 minutes.

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

MORGAN, HERBERT, WILLIAM

CEO / CHIEF INVESTMENT OFFICER & CHIEF COMPLIANCE OFFICER

yes

07/2004

Nov 11, 2011

Mar 28, 2017

MORGAN, MARY, PATRICIA

Owner

yes

07/2004

Nov 11, 2011

Mar 28, 2017

ANDERSON, JEFFREY, CAMPBELL

Owner

01/2008

Nov 11, 2011

Mar 28, 2017

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2016

Mar 28, 2017

$808M

n/a

2015

Mar 30, 2016

$512M

n/a

2014

Mar 30, 2015

$583M

$458M

n/a

2013

Mar 27, 2014

$434M

$398M

n/a

2012

Feb 15, 2013

$268M

n/a

2011

Mar 1, 2012

$202M

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2016

$808M

$512M

57.7%

$434M

23.0%

n/a

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

CANTOR FITZGERALD INVESTMENT ADVISORS

Mar 24, 2017

Mar 13, 2017

LA JOLLA, CA

Firm absorbed

Other

80.0%