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SEC-registered adviser

M••••••• A••••••• I••

Wealth manager with institutional or fund businessNew York, New YorkCRD 105918SEC 801-45235websiteIAPD
Legal name M••••••• A••••••• I•••••••••
Latest filing Sep 14, 2026
First filing on the tape Mar 27, 2012 · 33 filings
SEC status approved since Nov 23, 1993
RAUM
$671M
reported, Item 5.F
Discretionary
20%
of RAUM
Private clients
21%
$141M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$335M
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$671M as of Mar 26, 2026
Mar 27, 2012$241M then
HNW client RAUM$141M as of Mar 26, 2026
Mar 26, 2018$44.5M then
State-registered IARs (5.B.3)2 as of Mar 26, 2026
Mar 25, 20130 then
Employees (5.A)5 as of Mar 26, 2026
Mar 25, 20134 then
Private funds1 as of Mar 26, 2026
Mar 27, 20121 then
RAUM +3.6% over the last fiscal year+41% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Sep 14, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$335MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$5.9MderivedHNW RAUM over HNW clients
Average account
$22.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
20%derivedof RAUM
Institutional
0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+3.6%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
$2.5M, 2 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Other investment advisers$499M74%
  • High-net-worth individuals$141M21%
  • Pooled investment vehicles$29.3M4.4%
  • Charitable organizations$1.2M0.2%
Individual clients
n/areported
HNW clients
24reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
30reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
$2.5M for 2 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.21 fund_share=0.79 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0 bank_owner=falsederived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
K•••••• M•••• L••••••New York, NyNov 28, 202034 y0
J••• A•••• L••••••Chartered Financial AnalystNew York, NyDec 1, 202121 y2
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Private funds
    1 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    M••••••• P•••••••• L•••Hedge Fund$25.0M55Mar 27, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • L••••••• K••••••• M•••• · Executive Chairman And Shareholder And Director And Treasurercontrol
      since 09/1992 · owns 25% to 50%
    • T••••• L••• · Shareholder And Directorcontrol
      since 09/1992 · owns 5% to 10%
    • C•••• N•••• T• · Shareholder
      since 09/1992 · owns 5% to 10%
    • K••••••••• H••••• T• · Shareholder
      since 09/1992 · owns 5% to 10%
    • L••••••• J•••• A•••• · President, Shareholder And Director
      since 12/2012 · owns 50% to 75%
    • M••••••••• L••• · Vice President And Chief Compliance Officer
      since 03/2002 · owns less than 5%
    Related persons
    Schedule D 7.A
    No related person reported.
    Advisers that list M••••••• A••••••• I•• as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    New York, Ny · principal200
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Financial planning clients · 11-25 to 11-25
      Mar 26, 2026 to Sep 14, 2026
    • Private funds · 1 to unset
      Mar 26, 2026 to Sep 14, 2026
    • Succession · false to unset
      Mar 26, 2026 to Sep 14, 2026
    • Accounts · 29 to 30
      Jul 17, 2025 to Mar 26, 2026
    • Advisory activities · 3 to 4
      Jul 17, 2025 to Mar 26, 2026
    • Charity clients · 1.0 to unset
      Jul 17, 2025 to Mar 26, 2026
    • HNW clients · 19 to 24
      Jul 17, 2025 to Mar 26, 2026
    • Financial planning clients · 0 to 11-25
      Jul 17, 2025 to Mar 26, 2026
    • Discretionary RAUM · $110M to $135M
      Jul 17, 2025 to Mar 26, 2026
    • HNW RAUM · $94.1M to $141M
      Jul 17, 2025 to Mar 26, 2026
    • Non-discretionary RAUM · $538M to $536M
      Jul 17, 2025 to Mar 26, 2026
    • Pooled vehicle RAUM · $25.3M to $29.3M
      Jul 17, 2025 to Mar 26, 2026
    • RAUM · $647M to $671M
      Jul 17, 2025 to Mar 26, 2026
    • Related bank · false to true
      Jul 17, 2025 to Mar 26, 2026
    • Financial planning clients · 0 to 0
      Mar 17, 2025 to Jul 17, 2025
    • Accounts · 30 to 29
      Jun 10, 2024 to Mar 17, 2025
    • Assets in custody · $26.4M to $2.5M
      Jun 10, 2024 to Mar 17, 2025
    • Discretionary RAUM · $107M to $110M
      Jun 10, 2024 to Mar 17, 2025
    • HNW RAUM · $88.5M to $94.1M
      Jun 10, 2024 to Mar 17, 2025
    • Individual RAUM · 1143000.0 to unset
      Jun 10, 2024 to Mar 17, 2025
    • Non-discretionary RAUM · $306M to $538M
      Jun 10, 2024 to Mar 17, 2025
    • Pooled vehicle RAUM · $26.4M to $25.3M
      Jun 10, 2024 to Mar 17, 2025
    • RAUM · $413M to $647M
      Jun 10, 2024 to Mar 17, 2025
    • Charity clients · unset to 1.0
      Jul 10, 2023 to Mar 19, 2024
    • Pooled vehicle clients · 1 to 2
      Jul 10, 2023 to Mar 19, 2024
    • Assets in custody · $25.0M to $26.4M
      Jul 10, 2023 to Mar 19, 2024
    • Discretionary RAUM · $90.8M to $107M
      Jul 10, 2023 to Mar 19, 2024
    • HNW RAUM · $76.9M to $88.5M
      Jul 10, 2023 to Mar 19, 2024
    • Individual RAUM · $1.0M to $1.1M
      Jul 10, 2023 to Mar 19, 2024
    • Non-discretionary RAUM · $149M to $306M
      Jul 10, 2023 to Mar 19, 2024
    • Pooled vehicle RAUM · $21.3M to $26.4M
      Jul 10, 2023 to Mar 19, 2024
    • RAUM · $240M to $413M
      Jul 10, 2023 to Mar 19, 2024
    • Related adviser · true to false
      Jul 10, 2023 to Mar 19, 2024
    • Related insurance company · true to false
      Jul 10, 2023 to Mar 19, 2024
    • Accounts · 29 to 30
      Oct 3, 2022 to Mar 15, 2023
    • Employees · 4 to 5
      Oct 3, 2022 to Mar 15, 2023
    • Discretionary RAUM · $107M to $90.8M
      Oct 3, 2022 to Mar 15, 2023
    • HNW RAUM · $91.8M to $76.9M
      Oct 3, 2022 to Mar 15, 2023
    • Individual RAUM · $1.3M to $1.0M
      Oct 3, 2022 to Mar 15, 2023
    • Non-discretionary RAUM · $354M to $149M
      Oct 3, 2022 to Mar 15, 2023
    Signals
    5 dated events
    • M••••••• A••••••• I•• reported RAUM $647.5M, up 57% from $413.1M (2024-06-10 to 2025-03-17)
      Mar 17, 2025 · RAUM change · derived
    • M••••••• A••••••• I•• reported RAUM $413.1M, up 72% from $240.1M (2023-07-10 to 2024-03-19)
      Mar 19, 2024 · RAUM change · derived
    • M••••••• A••••••• I•• reported RAUM $240.1M, down 48% from $460.9M (2022-10-03 to 2023-03-15)
      Mar 15, 2023 · RAUM change · derived
    • M••••••• A••••••• I•• reported RAUM $370.8M, up 96% from $189.4M (2020-10-21 to 2021-03-29)
      Mar 29, 2021 · RAUM change · derived
    • M••••••• A••••••• I•• reported RAUM $174.7M, down 60% from $436.5M (2017-03-27 to 2018-03-26)
      Mar 26, 2018 · RAUM change · derived
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Business email
    i••••••••@m•••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
    Business phone
    347-685-1935reportedpublished by the firm, firm site, Sep 16, 2026
    Business phone
    212-888-4747reportedpublished by the firm, firm site, Sep 16, 2026
    Website
    M•••••••ADVISORS.COMreportedpublic record, Form ADV, Sep 21, 2026
    Principal office phone
    212-888-4747reportedpublic record, Form ADV, Sep 14, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $335Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026