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.

SEC-registered adviser

Mdt Advisers, A Division Of Federated Mdta LLC

Asset manager (funds and pooled vehicles)Boston, MassachusettsCRD 109355SEC 801-55094websiteIAPD
Legal name Federated Mdta LLC
Latest filing Sep 8, 2026
First filing on the tape Mar 12, 2012 · 37 filings
SEC status approved since Nov 13, 1997
RAUM
$26B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
3.8%
$991M individuals and HNW
Advisors
206
registered through the firm on IAPD
RAUM per advisor
$126M
derived; firm RAUM over IAPD count
Employees
21
19 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
37 filings and snapshots on the tape
RAUM$26B as of May 21, 2026
Mar 12, 2012$1.7B then
HNW client RAUM$486M as of May 21, 2026
Mar 16, 2018$114M then
State-registered IARs (5.B.3)1 as of May 21, 2026
Mar 13, 20132 then
Employees (5.A)21 as of May 21, 2026
Mar 13, 201317 then
Private funds1 as of Mar 15, 2021
Mar 12, 20121 then
RAUM +122% over the last fiscal year+73% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Sep 8, 2026; every figure names its basis
RAUM per advisor
$126MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
11derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$11.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
0.1derivedItem 5.A over advisors
Advisors per office
103.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+122%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+72%derived
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 companies, educational seminars, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$23B90%
  • Pooled investment vehicles$1.2B4.6%
  • Individuals$505M1.9%
  • High-net-worth individuals$486M1.9%
  • Pension and profit-sharing plans$356M1.4%
  • Corporations and businesses$45.9M0.2%
  • Charitable organizations$10.0M0.0%
Individual clients
1,955reported
HNW clients
253reported
Pension plan clients
65reported
Charitable clients
16reported
Accounts
2,360reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $984M managedreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.04 fund_share=0.95 institutional_share=0.01 related_bd=true related_bank=true bd_reps=1.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
John Carroll DuaneBoston, Ma Nov 24, 200820 y0
Advisor movement
9 left, 2 joined in 12 months
net -7 in 12 months2 left in 90 days0 joined in 90 daysdeparture rate 4.4% of current headcount12 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    1 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Federated Hermes Mdt Market Neutral LLCno longer reportedReal Estate Fund$5.5M12Mar 12, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • Frank Stephen Auth · Chief Investment Officercontrol
      since 03/2009 · owns less than 5%
    • Christopher John Donahue · Chairman/Board Of Managerscontrol
      since 07/2006 · owns less than 5%
    • Robert Thomas Donahue · Board Of Managerscontrol
      since 07/2006 · owns less than 5%
    • Basil John Fisher · President/Ceo/Board Of Managerscontrol
      since 07/2006 · owns less than 5%
    • Paul Stephen Van Meter · Chief Compliance Officercontrol
      since 07/2015 · owns less than 5%
    • Frank George Magera · Secretary
      since 08/2013 · owns less than 5%
    • Anthony Richard Novak · Treasurer
      since 04/2013 · owns less than 5%
    Entity owners
    • Federated Mdta Trust · Member
      direct · owns 75% or more
    • Hbss Acquisition Co. · Member
      direct · owns 25% to 50%
    • Federated Hermes, Inc. · Shareholder
      indirect · owns 75% or more of Fii Holdings, Inc. · public reporting company
    • Federated Mdta Trust · Shareholder
      indirect · owns 75% or more of Hbss Acquistion Co.
    • Fii Holdings, Inc. · Shareholder
      indirect · owns 75% or more of Federated Mdta Trust
    Related persons
    Schedule D 7.A
    Advisers that list Mdt Advisers, A Division Of Federated Mdta LLC as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Boston, Ma · principal205132
    Pittsburgh, Pa111115
    New York, Ny600
    Wexford, Pa600
    Sewickley, Pa500
    Venetia, Pa300
    Bethel Park, Pa310
    Canonsburg, Pa300
    Dallas, Tx300
    Venice, Ca200
    Washington, Pa200
    West Chester, Pa200
    Atlanta, Ga200
    Austin, Tx200
    Cranberry, Pa200
    Gibsonia, Pa210
    Hingham, Ma200
    Houston, Tx200
    Mars, Pa200
    Oakmont, Pa200
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    3 against comparable advisers; where to look, not conclusions
    • account count surgeChange between filings · filing Mar 16, 2026
      accounts (Item 5.F.2.f) moved from 1,392.0 to 2,360.0 (+70.0%) between the annual amendments of 2025-03-14 and 2026-03-16; the peer median change was +4.0% (111 comparable advisers, 95.0th percentile of changes)
      peers: asset managers, $20B and over (111) · 95% percentile
    • client count surgeChange between filings · filing Mar 16, 2026
      individual and HNW clients (Item 5.D) moved from 1,287.0 to 2,208.0 (+72.0%) between the annual amendments of 2025-03-14 and 2026-03-16; the peer median change was +8.0% (38 comparable advisers, 97.0th percentile of changes)
      peers: asset managers, $20B and over (38) · 97% percentile
    • RAUM up 50 %Change between filings · filing Mar 16, 2026
      RAUM (Item 5.F) moved from $11,663,958,404 to $25,945,922,671 (+122.0%) between the annual amendments of 2025-03-14 and 2026-03-16; the peer median change was +15.0% (471 comparable advisers, 98.0th percentile of changes)
      peers: asset managers, $20B and over (471) · 98% percentile
    What changed
    consecutive filings, newest first
    • Financial planning clients · to unset
      May 21, 2026 to Sep 8, 2026
    • Succession · false to unset
      May 21, 2026 to Sep 8, 2026
    • RAUM · $12B to $26B
      Mar 14, 2025 to Mar 16, 2026
    • Accounts · 1,392 to 2,360
      Mar 14, 2025 to Mar 16, 2026
    • Advisory employees · 14 to 19
      Mar 14, 2025 to Mar 16, 2026
    • Charity clients · 13 to 16
      Mar 14, 2025 to Mar 16, 2026
    • Corporate clients · 26 to 49
      Mar 14, 2025 to Mar 16, 2026
    • HNW clients · 163 to 253
      Mar 14, 2025 to Mar 16, 2026
    • Individual clients · 1,124 to 1,955
      Mar 14, 2025 to Mar 16, 2026
    • Pension plan clients · 51 to 65
      Mar 14, 2025 to Mar 16, 2026
    • Pooled vehicle clients · 1 to 3
      Mar 14, 2025 to Mar 16, 2026
    • Employees · 20 to 21
      Mar 14, 2025 to Mar 16, 2026
    • Discretionary RAUM · $12B to $26B
      Mar 14, 2025 to Mar 16, 2026
    • HNW RAUM · $295M to $486M
      Mar 14, 2025 to Mar 16, 2026
    • Individual RAUM · $307M to $505M
      Mar 14, 2025 to Mar 16, 2026
    • Pension RAUM · $265M to $356M
      Mar 14, 2025 to Mar 16, 2026
    • Pooled vehicle RAUM · $21.8M to $1.2B
      Mar 14, 2025 to Mar 16, 2026
    • Wrap assets (manager) · $644M to $984M
      Mar 14, 2025 to Mar 16, 2026
    • Accounts · 954 to 1,392
      Aug 22, 2024 to Mar 14, 2025
    • Advisory employees · 13 to 14
      Aug 22, 2024 to Mar 14, 2025
    • Charity clients · 12 to 13
      Aug 22, 2024 to Mar 14, 2025
    • Corporate clients · 21 to 26
      Aug 22, 2024 to Mar 14, 2025
    • HNW clients · 118 to 163
      Aug 22, 2024 to Mar 14, 2025
    • Individual clients · 750 to 1,124
      Aug 22, 2024 to Mar 14, 2025
    • Pension plan clients · 44 to 51
      Aug 22, 2024 to Mar 14, 2025
    • Pooled vehicle clients · 0 to 1
      Aug 22, 2024 to Mar 14, 2025
    • Employees · 17 to 20
      Aug 22, 2024 to Mar 14, 2025
    • Financial planning clients · unset to
      Aug 22, 2024 to Mar 14, 2025
    • Other offices · 0 to 1
      Aug 22, 2024 to Mar 14, 2025
    • Discretionary RAUM · $6.7B to $12B
      Aug 22, 2024 to Mar 14, 2025
    • HNW RAUM · $179M to $295M
      Aug 22, 2024 to Mar 14, 2025
    • Individual RAUM · $208M to $307M
      Aug 22, 2024 to Mar 14, 2025
    • Pension RAUM · $336M to $265M
      Aug 22, 2024 to Mar 14, 2025
    • Pooled vehicle RAUM · $0 to $21.8M
      Aug 22, 2024 to Mar 14, 2025
    • RAUM · $6.7B to $12B
      Aug 22, 2024 to Mar 14, 2025
    • Wrap assets (manager) · $458M to $644M
      Aug 22, 2024 to Mar 14, 2025
    • Accounts · 916 to 954
      Jul 28, 2023 to Mar 15, 2024
    • Advisory employees · 14 to 13
      Jul 28, 2023 to Mar 15, 2024
    • Charity clients · 14 to 12
      Jul 28, 2023 to Mar 15, 2024
    • Corporate clients · 24 to 21
      Jul 28, 2023 to Mar 15, 2024
    Signals
    19 dated events
    • Drew Haley left Mdt Advisers, A Division Of Federated Mdta Llc for Federated Global Investment Management Corp. (registered 2021-08-13)
      Aug 25, 2026 · Advisor changed firm · fact
    • John Robert Stanley left Mdt Advisers, A Division Of Federated Mdta Llc for Federated International Securities Corp. (registered 2023-10-26)
      Jul 17, 2026 · Advisor changed firm · fact
    • Robert Lefone James left Mdt Advisers, A Division Of Federated Mdta Llc for Federated Global Investment Management Corp. (registered 2021-08-17)
      Jun 18, 2026 · Advisor changed firm · fact
    • Scott Robert Kelley left Mdt Advisers, A Division Of Federated Mdta Llc for Federated Global Investment Management Corp. (registered 2022-07-18)
      Jun 1, 2026 · Advisor changed firm · fact
    • Nicholas Rubinowicz left Mdt Advisers, A Division Of Federated Mdta Llc for Morgan Stanley (registered 2026-06-18)
      May 11, 2026 · Advisor changed firm · fact
    • Emily Coughlin left Mdt Advisers, A Division Of Federated Mdta Llc for Federated Global Investment Management Corp. (registered 2025-12-10)
      May 7, 2026 · Advisor changed firm · fact
    • Mdt Advisers, A Division Of Federated Mdta Llc reported RAUM $25.9B, up 122% from $11.7B (2025-03-14 to 2026-03-16)
      Mar 16, 2026 · RAUM change · derived
    • Michael E Brown left Mdt Advisers, A Division Of Federated Mdta Llc for Ubs Financial Services Inc. (registered 2026-04-29)
      Feb 26, 2026 · Advisor changed firm · fact
    • Benjamin Adam Morgret left Mdt Advisers, A Division Of Federated Mdta Llc for Federated Global Investment Management Corp. (registered 2019-10-31)
      Jan 23, 2026 · Advisor changed firm · fact
    • Nicholas Vincent Fiano left Mdt Advisers, A Division Of Federated Mdta Llc for Capital Client Group, Inc. (registered 2026-01-26)
      Jan 7, 2026 · Advisor changed firm · fact
    • Matthew Lawrence Ryan left Mdt Advisers, A Division Of Federated Mdta Llc for Federated Global Investment Management Corp. (registered 2021-08-17)
      Aug 11, 2025 · Advisor changed firm · fact
    • Ryan Alexander Fairbrother left Mdt Advisers, A Division Of Federated Mdta Llc for Federated International Securities Corp. (registered 2019-08-07)
      Jun 26, 2025 · Advisor changed firm · fact
    • Mdt Advisers, A Division Of Federated Mdta Llc reported RAUM $11.7B, up 75% from $6.7B (2024-08-22 to 2025-03-14)
      Mar 14, 2025 · RAUM change · derived
    • Joseph Gordon Ceresino (Vice Chairman) no longer on Schedule A of Mdt Advisers, A Division Of Federated Mdta Llc (listed 2024-03-15, absent 2024-08-22)
      Aug 22, 2024 · Control person left · inference
    • Dante Francis Sienko left Mdt Advisers, A Division Of Federated Mdta Llc for Hapanowicz Financial (registered 2024-10-15)
      Aug 8, 2024 · Advisor changed firm · fact
    • Mdt Advisers, A Division Of Federated Mdta Llc reported RAUM $6.7B, up 33% from $5.0B (2023-07-28 to 2024-03-15)
      Mar 15, 2024 · RAUM change · derived
    • Stuart Edward Foss (Sr Vice President/Chief Operating Officer) no longer on Schedule A of Mdt Advisers, A Division Of Federated Mdta Llc (listed 2023-03-22, absent 2023-07-28)
      Jul 28, 2023 · Control person left · inference
    • Mdt Advisers, A Division Of Federated Mdta Llc reported RAUM $5.7B, up 34% from $4.2B (2019-06-20 to 2020-03-17)
      Mar 17, 2020 · RAUM change · derived
    • Mdt Advisers, A Division Of Federated Mdta Llc reported RAUM $3.7B, up 65% from $2.2B (2017-07-25 to 2018-03-16)
      Mar 16, 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
    Firm profile
    LINKEDIN.COM/COMPANY/FEDERATED-HERMESreportedpublic record, Form ADV, Sep 17, 2026
    Website
    FEDERATEDHERMES.COM/US/HOME.DOreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    617-235-7100reportedpublic record, Form ADV, Sep 8, 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
    $126Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026
    Across the graphs

    Mdt Advisers, A Division Of Federated Mdta LLC is the same institution as 1 record in Real Estate Funds.

    Real Estate Funds1

    Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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