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•••• E••••• C••••••

Asset manager (funds and pooled vehicles)Dallas, TexasCRD 109310SEC 801-57598websiteIAPD
Legal name M•••• E••••• C••••••• L••
Latest filing Mar 18, 2026
First filing on the tape Mar 30, 2012 · 21 filings
SEC status approved since Jun 1, 2000
RAUM
$3.7B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
782
22 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
12
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$3.7B as of Mar 18, 2026
Mar 30, 2012$4.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 18, 2026
Mar 30, 20120 then
Employees (5.A)782 as of Mar 18, 2026
Mar 22, 2013615 then
Private funds12 as of Mar 18, 2026
Mar 30, 201225 then
RAUM -8.9% over the last fiscal year-5.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 18, 2026; every figure names its basis
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
$308MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%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
-8.9%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 pooled vehiclesreportedItem 5.G
Custody
$3.4B, 12 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$3.7B100%
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
$3.4B for 12 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
      29 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      M•••• E••••• P••••••• I• L•Private Equity Fund$984M95Mar 5, 2015
      M•••• E••••• P••••••• K• L•Private Equity Fund$876M80Mar 27, 2020
      M•••• E••••• P••••••• J• L•Private Equity Fund$847M81Mar 23, 2017
      M•••• E••••• P••••••• H• L•Private Equity Fund$605M108Mar 30, 2012
      M•••• E••••• P••••••• L• L•Private Equity Fund$404M77Mar 25, 2024
      M•••• E••••• P••••••• V•••• L•Private Equity Fund$342M1Mar 30, 2012
      M•••• E••••• P••••••• G• L•Private Equity Fund$276M59Mar 30, 2012
      M•••• E••••• P••••••• X• L•Private Equity Fund$156M1Mar 30, 2012
      M•• C•••••• L•no longer reportedPrivate Equity Fund$129M23Mar 30, 2012
      M•••• E••••• P••••••• I••••• L•Private Equity Fund$61.3M1Mar 30, 2012
      M•••• E••••• P••••••• F•••• L•Private Equity Fund$20.4M41Mar 30, 2012
      M•••• E••••• P••••••• V•• L•Private Equity Fund$7.8M1Mar 30, 2012
      M•••• E••••• P••••••• I••••• L•Private Equity Fund$6.7M1Mar 30, 2012
      M•••• E••••• P••••••• E••• L•no longer reportedPrivate Equity Fund$5.5M44Mar 30, 2012
      M•••• E••••• P••••••• C•••• L•no longer reportedPrivate Equity Fund$4.6M15Mar 30, 2012
      M•••• E••••• P••••••• I••• L•Private Equity Fund$4.4M1Mar 30, 2012
      M•••• E••••• P••••••• I•• L•Private Equity Fund$4.3M1Mar 30, 2012
      M•••• E••••• P••••••• D••• L•no longer reportedPrivate Equity Fund$4.2M19Mar 30, 2012
      M•••• E••••• P••••••• V• L•Private Equity Fund$4.2M1Mar 30, 2012
      M•••• E••••• P••••••• C••• L•no longer reportedPrivate Equity Fund$3.3M16Mar 30, 2012
      M•••• E••••• P••••••• D•••• L•no longer reportedPrivate Equity Fund$2.6M10Mar 30, 2012
      M•• C••••• I•• L•no longer reportedPrivate Equity Fund$2.2M31Mar 30, 2012
      M•••• E••••• P••••••• F••••• L•Private Equity Fund$2.0M29Mar 30, 2012
      M•••• E••••• P••••••• E•••• L•no longer reportedPrivate Equity Fund$1.9M22Mar 30, 2012
      M•••• E••••• P••••••• F••• L•no longer reportedPrivate Equity Fund$1.7M53Mar 30, 2012
      M•••• E••••• P••••••• B• L•no longer reportedPrivate Equity Fund$1.3M17Mar 30, 2012
      M•••• E••••• P••••••• D••••• L•no longer reportedPrivate Equity Fund$1.0M11Mar 30, 2012
      M•••• E••••• P••••••• A• L•no longer reportedPrivate Equity Fund$574,00011Mar 30, 2012
      M•••• E••••• P••••••• E••••• L•no longer reportedPrivate Equity Fund$528,00023Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • G•••••••• T••••• D••• · Chairman, President, Ceo, Elected Manager, Direct Owner/LLC Membercontrol
        since 05/2009 · owns 10% to 25%
      • H••••• C••••••••• S•••• · Chief Legal Officer, Chief Compliance Officer, General Counselcontrol
        since 01/2006 · owns less than 5%
      • M•••••• A••• M•••• · Vice President, Chief Financial Officercontrol
        since 04/2021 · owns less than 5%
      • G•••••• C••••••• N••••• · Trusteecontrol
        since 04/2016 · owns F of Mp Management Trust
      • G•••••• C••••••• N••••• · Trusteecontrol
        since 08/2022 · owns F of Gayden 2002 Family Trust
      • K•••••• K••••••••• G••••• · Elected Manager
        since 01/2015 · owns less than 5%
      • W•••••••• E••••••••• G••••• · Elected Manager
        since 01/2015 · owns less than 5%
      • K•••••• K••••••••• G••••• · Limited Partner
        since 04/1992 · owns 75% or more of Bevo Partners, LP
      • W•••••••• E••••••••• G••••• · Limited Partner
        since 04/1992 · owns 75% or more of Nazuni Partners, LP
      Entity owners
      • M•••• E••••• M••••••••• G•• L•• · General Partner
        indirect · owns F of Merit Energy Management, LP
      • M• M••••••••• T•••• · General Partner
        indirect · owns F of Nazuni Partners, LP
      • M• M••••••••• T•••• · Sole Member And Manager
        indirect · owns 75% or more of Merit Energy Management Gp, LLC
      • M• M••••••••• T•••• · General Partner
        indirect · owns F of Bevo Partners, LP
      • B••• P•••••••• L• · Direct Owner/LLC Member
        direct · owns 10% to 25%
      • G••••• 2••• F••••• T•••• · Direct Owner/LLC Member
        direct · owns 5% to 10%
      • M•••• E••••• M••••••••• L• · Direct Owner/LLC Member
        direct · owns 25% to 50%
      • N••••• P•••••••• L• · Direct Owner/LLC Member
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 15 to 12
        Mar 10, 2025 to Mar 18, 2026
      • Pooled vehicle clients · 15 to 12
        Mar 10, 2025 to Mar 18, 2026
      • Assets in custody · $3.6B to $3.4B
        Mar 10, 2025 to Mar 18, 2026
      • Employees · 871 to 782
        Mar 10, 2025 to Mar 18, 2026
      • Private funds · 15 to 12
        Mar 10, 2025 to Mar 18, 2026
      • Discretionary RAUM · $4.1B to $3.7B
        Mar 10, 2025 to Mar 18, 2026
      • Pooled vehicle RAUM · $4.1B to $3.7B
        Mar 10, 2025 to Mar 18, 2026
      • RAUM · $4.1B to $3.7B
        Mar 10, 2025 to Mar 18, 2026
      • Assets in custody · $3.8B to $3.6B
        Mar 25, 2024 to Mar 10, 2025
      • Employees · 831 to 871
        Mar 25, 2024 to Mar 10, 2025
      • Financial planning clients · unset to
        Mar 25, 2024 to Mar 10, 2025
      • Discretionary RAUM · $4.6B to $4.1B
        Mar 25, 2024 to Mar 10, 2025
      • Pooled vehicle RAUM · $4.6B to $4.1B
        Mar 25, 2024 to Mar 10, 2025
      • RAUM · $4.6B to $4.1B
        Mar 25, 2024 to Mar 10, 2025
      • Advisory employees · 16 to 22
        Oct 10, 2023 to Mar 25, 2024
      • Assets in custody · $3.8B to $3.8B
        Oct 10, 2023 to Mar 25, 2024
      • Employees · 801 to 831
        Oct 10, 2023 to Mar 25, 2024
      • Discretionary RAUM · $4.3B to $4.6B
        Oct 10, 2023 to Mar 25, 2024
      • Pooled vehicle RAUM · $4.3B to $4.6B
        Oct 10, 2023 to Mar 25, 2024
      • RAUM · $4.3B to $4.6B
        Oct 10, 2023 to Mar 25, 2024
      • Accounts · 16 to 15
        Sep 1, 2022 to Mar 13, 2023
      • Advisory employees · 11 to 16
        Sep 1, 2022 to Mar 13, 2023
      • Pooled vehicle clients · 16 to 15
        Sep 1, 2022 to Mar 13, 2023
      • Assets in custody · $4.0B to $3.8B
        Sep 1, 2022 to Mar 13, 2023
      • Employees · 802 to 801
        Sep 1, 2022 to Mar 13, 2023
      • Private funds · 16 to 15
        Sep 1, 2022 to Mar 13, 2023
      • Discretionary RAUM · $4.7B to $4.3B
        Sep 1, 2022 to Mar 13, 2023
      • Pooled vehicle RAUM · $4.7B to $4.3B
        Sep 1, 2022 to Mar 13, 2023
      • RAUM · $4.7B to $4.3B
        Sep 1, 2022 to Mar 13, 2023
      • Discretionary RAUM · $4.0B to $4.7B
        Mar 16, 2022 to Apr 27, 2022
      • Pooled vehicle RAUM · $4.0B to $4.7B
        Mar 16, 2022 to Apr 27, 2022
      • RAUM · $4.0B to $4.7B
        Mar 16, 2022 to Apr 27, 2022
      • Accounts · 18 to 16
        Mar 24, 2021 to Mar 16, 2022
      • Pooled vehicle clients · 18 to 16
        Mar 24, 2021 to Mar 16, 2022
      • Assets in custody · $4.8B to $4.0B
        Mar 24, 2021 to Mar 16, 2022
      • Employees · 780 to 802
        Mar 24, 2021 to Mar 16, 2022
      • Private funds · 18 to 16
        Mar 24, 2021 to Mar 16, 2022
      • Discretionary RAUM · $4.8B to $4.0B
        Mar 24, 2021 to Mar 16, 2022
      • Pooled vehicle RAUM · $4.8B to $4.0B
        Mar 24, 2021 to Mar 16, 2022
      • RAUM · $4.8B to $4.0B
        Mar 24, 2021 to Mar 16, 2022
      Signals
      4 dated events
      • Newton Cynthia Gayden (Trustee) appeared on Schedule A of Merit Energy Company
        May 15, 2023 · Control person joined · fact
      • K. William Gayden (Chairman, Elected Manager) no longer on Schedule A of Merit Energy Company (listed 2022-04-27, absent 2022-09-01)
        Sep 1, 2022 · Control person left · inference
      • Marie Ann Mennel (Vice President, Chief Financial Officer) appeared on Schedule A of Merit Energy Company
        Mar 16, 2022 · Control person joined · fact
      • John Kevin Ryan (Senior Vice President; Chief Compliance Officer; Chief Financial Officer) no longer on Schedule A of Merit Energy Company (listed 2021-03-24, absent 2022-03-16)
        Mar 16, 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
      Website
      MERITENERGY.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      972-701-8377reportedpublic record, Form ADV, Mar 18, 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
      Asset manager (funds and pooled vehicles)deriveda 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