DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

M•••• L•••• M••••••••• L•

Institutional managerNewtown, PennsylvaniaCRD 108255SEC 801-28254websiteIAPD
Latest filing Jun 10, 2026
First filing on the tape Mar 29, 2012 · 23 filings
SEC status approved since Oct 23, 1986
RAUM
$1.3B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.2%
$2.6M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
15
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$1.3B as of Jun 10, 2026
Mar 29, 2012$1.5B then
HNW client RAUM$2.6M as of Jun 10, 2026
Mar 30, 2026$2.6M then
State-registered IARs (5.B.3)0 as of Jun 10, 2026
Mar 8, 20130 then
Employees (5.A)15 as of Jun 10, 2026
Mar 8, 201325 then
Private funds1 as of Jun 10, 2026
Mar 29, 20123 then
RAUM +16% over the last fiscal year+2.3% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 10, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$109MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
71%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+16%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Custody
$248M, 3 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$931M71%
  • Pooled investment vehicles$321M25%
  • Investment companies$48.9M3.8%
  • High-net-worth individuals$2.6M0.2%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
12reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$248M for 3 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.28 institutional_share=0.71 related_bd=false related_bank=true bd_reps=2.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      6 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P••• O••••••• M••••• F••• L••no longer reportedHedge Fund$342M2Mar 29, 2012
      P••• P••••••• L•Hedge Fund$233M53Mar 29, 2012
      M•• S••••••• M••••• F••• L••no longer reportedHedge Fund$64.2M1Nov 15, 2012
      M• G••••• M••••••••• F••• L•no longer reportedHedge Fund$18.6M25Mar 19, 2021
      M•• U• F•••••• E••••• F••• L••no longer reportedOther Private Fund$4.9M8Mar 29, 2012
      M•• M•••• C•• F••• L•no longer reportedPrivate Equity Fund$2.6M9Apr 1, 2015
      Owners and control persons
      Schedule A and B, latest filing
      • A•••••• R••••• E•••• · Director Of General Partner; Limited Partnercontrol
        since 01/2011 · owns 10% to 25%
      • C••• G••••••• J••• · Chief Financial Officer And Chief Compliance Officer; Limited Partnercontrol
        since 12/2017 · owns 5% to 10%
      • D•••••• P•••• R•••••• · Director Of General Partner; Limited Partnercontrol
        since 01/2011 · owns less than 5%
      • I•• R••••••• E••••• · Director Of General Partner; Limited Partnercontrol
        since 01/2011 · owns 10% to 25%
      • M••••••• J••••• A•••• · Controller; Limited Partnercontrol
        since 02/2015 · owns less than 5%
      • P•••• I••• G•••••• L•••• · Chief Operating Officer, Director Of General Partner; Limited Partnercontrol
        since 02/2015 · owns 10% to 25%
      • R•••••••• T••••••• J••• · Chief Executive Officer, Co Chief Investment Officer, Director Of General Partner; Limited Partnercontrol
        since 02/2015 · owns 10% to 25%
      • A•••••• D•••• · Co Chief Investment Officer; Limited Partner
        since 01/2015 · owns 10% to 25%
      • E••••• M••••••• S•••••• · Head Trader; Limited Partner
        since 12/2018 · owns 5% to 10%
      • H••••• K•••• C••• · Chief Risk Officer; Limited Partner
        since 01/2015 · owns 5% to 10%
      Entity owners
      • M•• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 13 to 12
        Mar 21, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 5 to 4
        Mar 21, 2025 to Mar 30, 2026
      • Assets in custody · $228M to $248M
        Mar 21, 2025 to Mar 30, 2026
      • Discretionary RAUM · $1.1B to $1.3B
        Mar 21, 2025 to Mar 30, 2026
      • HNW RAUM · unset to 2600000.0
        Mar 21, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $293M to $321M
        Mar 21, 2025 to Mar 30, 2026
      • RAUM · $1.1B to $1.3B
        Mar 21, 2025 to Mar 30, 2026
      • Wrap assets (manager) · 2200000.0 to unset
        Mar 21, 2025 to Mar 30, 2026
      • Wrap assets (sponsor) · 0.0 to unset
        Mar 21, 2025 to Mar 30, 2026
      • Accounts · 15 to 13
        Mar 19, 2024 to Mar 21, 2025
      • BD registered reps · 1 to 2
        Mar 19, 2024 to Mar 21, 2025
      • Assets in custody · $215M to $228M
        Mar 19, 2024 to Mar 21, 2025
      • Employees · 14 to 15
        Mar 19, 2024 to Mar 21, 2025
      • Financial planning clients · unset to
        Mar 19, 2024 to Mar 21, 2025
      • Discretionary RAUM · $1.1B to $1.1B
        Mar 19, 2024 to Mar 21, 2025
      • Pooled vehicle RAUM · $283M to $293M
        Mar 19, 2024 to Mar 21, 2025
      • RAUM · $1.1B to $1.1B
        Mar 19, 2024 to Mar 21, 2025
      • Wrap assets (manager) · $1.8M to $2.2M
        Mar 19, 2024 to Mar 21, 2025
      • Accounts · 21 to 15
        Mar 23, 2023 to Mar 18, 2024
      • Assets in custody · $206M to $215M
        Mar 23, 2023 to Mar 18, 2024
      • Discretionary RAUM · $1.2B to $1.1B
        Mar 23, 2023 to Mar 18, 2024
      • Pension RAUM · 97800000.0 to unset
        Mar 23, 2023 to Mar 18, 2024
      • Pooled vehicle RAUM · $272M to $283M
        Mar 23, 2023 to Mar 18, 2024
      • RAUM · $1.2B to $1.1B
        Mar 23, 2023 to Mar 18, 2024
      • Accounts · 19 to 21
        Aug 10, 2022 to Mar 23, 2023
      • Pooled vehicle clients · 6 to 5
        Aug 10, 2022 to Mar 23, 2023
      • Assets in custody · $230M to $206M
        Aug 10, 2022 to Mar 23, 2023
      • Employees · 15 to 14
        Aug 10, 2022 to Mar 23, 2023
      • Private funds · 2 to 1
        Aug 10, 2022 to Mar 23, 2023
      • Discretionary RAUM · $1.3B to $1.2B
        Aug 10, 2022 to Mar 23, 2023
      • Pension RAUM · $81.3M to $97.8M
        Aug 10, 2022 to Mar 23, 2023
      • Pooled vehicle RAUM · $295M to $272M
        Aug 10, 2022 to Mar 23, 2023
      • RAUM · $1.3B to $1.2B
        Aug 10, 2022 to Mar 23, 2023
      • Wrap assets (manager) · $2.1M to $1.8M
        Aug 10, 2022 to Mar 23, 2023
      • Accounts · 20 to 19
        Mar 19, 2021 to Mar 31, 2022
      • Assets in custody · $198M to $230M
        Mar 19, 2021 to Mar 31, 2022
      • Employees · 16 to 15
        Mar 19, 2021 to Mar 31, 2022
      • Private funds · 3 to 2
        Mar 19, 2021 to Mar 31, 2022
      • Discretionary RAUM · $1.3B to $1.3B
        Mar 19, 2021 to Mar 31, 2022
      • Pension RAUM · $64.7M to $81.3M
        Mar 19, 2021 to Mar 31, 2022
      Signals
      1 dated events
      • Robert John Oberkofler (Vice President) no longer on Schedule A of M•••• L•••• M••••••••• L• (listed 2022-03-31, absent 2022-08-10)
        Aug 10, 2022 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      LINKEDIN.COM/COMPANY/M••••-L••••-MANAGEMENTreportedpublic record, Form ADV, Sep 18, 2026
      Website
      MTL••••.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      267-759-3500reportedpublic record, Form ADV, Jun 10, 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
      Institutional managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026