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
Main Management, LLC
Latest filing Aug 12, 2026
First filing on the tape Mar 15, 2012 · 47 filings
SEC status approved since Apr 30, 2002
RAUM
$1.9B
reported, Item 5.F
Discretionary
83%
of RAUM
Private clients
68%
$1.3B individuals and HNW
Advisors
25
registered through the firm on IAPD
RAUM per advisor
$76.2M
derived; firm RAUM over IAPD count
Employees
27
25 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
3
reported on Schedule D
History
47 filings and snapshots on the tape
RAUM$1.9B as of Aug 12, 2026
Mar 19, 2012$374M then
HNW client RAUM$1.2B as of Aug 12, 2026
Mar 29, 2018$481M then
State-registered IARs (5.B.3)22 as of Aug 12, 2026
Mar 27, 20135 then
Employees (5.A)27 as of Aug 12, 2026
Mar 27, 20135 then
Private funds3 as of Aug 12, 2026
Mar 26, 20141 then
RAUM +15% over the last fiscal year+17% a year over threeIARs 18 to 22offices 4 to 6
Practice profile
derived from the filing of Aug 12, 2026; every figure names its basis
Archetypes, each a printed rule
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $76.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 9derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $9.2MderivedHNW RAUM over HNW clients
- Average account
- $5.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 83%derivedof RAUM
- Institutional
- 6.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.1derivedItem 5.A over advisors
- Advisors per office
- 3.6derived7 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- +22%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +9.2%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $294M, 54 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.2B65%
- Corporations and businesses$242M13%
- Pooled investment vehicles$241M13%
- Charitable organizations$113M5.9%
- Individuals$73.3M3.8%
- Pension and profit-sharing plans$7.4M0.4%
- Individual clients
- 79reported
- HNW clients
- 134reported
- Pension plan clients
- 2reported
- Charitable clients
- 10reported
- Accounts
- 337reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $800,589 managedreported
- Custody of client assets
- $294M for 54 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.68 fund_share=0.13 institutional_share=0.06 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
25 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Hafeez Akber Esmail | San Francisco, Ca | Jan 14, 2008 | 21 y | 2 |
| Alexander Varner | San Francisco, Ca | Sep 27, 2012 | 14 y | 0 |
| Blaine Anderson Docker | San Francisco, Ca | Mar 10, 2017 | 21 y | 0 |
| Wayne Jefferson Seaman | Rutherford, Nj | Jun 1, 2018 | 15 y | 2 |
| James Augusta Taylor | Edgewood, Ky | May 21, 2019 | 15 y | 2 |
| Robb Douglas Weiland | Austin, Tx | Aug 7, 2019 | 28 y | 2 |
| Davis Michael Deboisblanc | San Francisco, Ca | Sep 16, 2019 | 10 y | 0 |
| Darol Wayne Ryan | San Francisco, Ca | Oct 10, 2019 | 16 y | 1 |
| Marissa Van Metre | San Francisco, Ca | Jul 25, 2022 | 10 y | 0 |
| James Maxwell | San Francisco, Ca | Jun 26, 2023 | 12 y | 0 |
| Kyle Shalvarjian | San Francisco, Ca | Jun 28, 2024 | 10 y | 0 |
| Dede Liu | San Francisco, Ca | Jul 15, 2024 | 14 y | 0 |
| Nicolai Ahlmann HansenCertified Financial Planner | Los Angeles, Ca | Sep 6, 2024 | 12 y | 2 |
| Alexander Joshua Brauner Dippery | San Francisco, Ca | Dec 7, 2024 | 10 y | 0 |
| Joseph Philip Labarbera | San Francisco, Ca | Jan 1, 2025 | 10 y | 0 |
| Sydney Fay Kralj | San Francisco, Ca | Mar 4, 2025 | 10 y | 0 |
| Adam Zuckernick | San Francisco, Ca | Jun 3, 2025 | 12 y | 0 |
| Chase David Smith | Rockford, Mi | Aug 1, 2025 | 17 y | 1 |
| James Wesley Concidine | San Francisco, Ca | Jan 1, 2026 | 35 y | 0 |
| Kim David Arthur | San Francisco, Ca | Jan 20, 2026 | 38 y | 0 |
| Michael Mogavero | Tamarac, Fl | Feb 4, 2026 | 15 y | 4 |
| Luca Kurzweil | San Francisco, Ca | Feb 4, 2026 | 12 y | 0 |
| Andrew Maxwell | San Francisco, Ca | Jul 9, 2026 | 11 y | 0 |
| Wolfgang Weiss | San Francisco, Ca | Aug 22, 2026 | 10 y | 0 |
| Logan Allan | San Francisco, Ca | Aug 28, 2026 | 10 y | 0 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Matthew Tymstra to J.P. Morgan Securities LLCMar 17, 2025 · RIA to wirehouse
- Janey L Kegley to Sagepoint Financial, Inc.Aug 1, 2022 · RIA to affiliated broker-dealer or bank
- John Joseph Kehoe to Freedom Investment Management, Inc.May 31, 2022 · RIA to RIA
- Luke William King to Planmember Securities CorporationOct 31, 2020 · RIA to RIA
Joined, latest
- Michael Mogavero from PotomacFeb 4, 2026 · Other
- Chase David Smith from PotomacAug 1, 2025 · Other
- Nicolai Ahlmann Hansen from Fidelity Personal And Workplace AdvisorsSep 6, 2024 · Affiliated broker-dealer or bank to independent RIA
- John Joseph Kehoe from Sei Investments Management CorpMay 10, 2021 · Other
- Janey L Kegley from Orion Portfolio Solutions, LLCNov 5, 2019 · RIA to RIA
- Darol Wayne Ryan from Tld Capital, LLCOct 10, 2019 · Other
- Robb Douglas Weiland from DunhamAug 7, 2019 · RIA to RIA
- James Augusta Taylor from Orion Portfolio Solutions, LLCMay 21, 2019 · RIA to RIA
- Wayne Jefferson Seaman from Clearbridge Investments, LLCJun 1, 2018 · Other
- Hafeez Akber Esmail from Merrill Lynch, Pierce, Fenner & Smith IncorporatedJan 14, 2008 · Other
Private funds
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Lsb Investors, LP | Private Equity Fund | $133M | 68 | Mar 31, 2022 |
| Core Endowment Portfolio II, LP | Other Private Fund | $59.5M | 28 | Jun 18, 2013 |
| Main Management Digital Asset Fund LP | Hedge Fund | $21.5M | 39 | Mar 31, 2023 |
Owners and control persons
Schedule A and B, latest filing
- David Kim Arthur · Managing Member, Ceo And Presidentcontrolsince 08/2002 · owns 25% to 50%
- Wesley James Concidine · Managing Membercontrolsince 07/2002 · owns 10% to 25%
- Anderson Blaine Docker · Managing Membercontrolsince 02/2007 · owns 10% to 25%
- Akber Hafeez Esmail · Chief Compliance Officercontrolsince 03/2013 · owns less than 5%
- Philip Joseph Labarbera · Chief Operations Officercontrolsince 12/2024 · owns less than 5%
- Wayne Darol Ryan · Managing Membercontrolsince 09/2020 · owns 5% to 10%
- Richard John Fredericks · Membercontrolsince 07/2002 · owns 75% or more of Fredericks Investments, LP
- Mary Miner · Membersince 04/2002 · owns less than 5%
Entity owners
- Fredericks Investments, LP · Memberdirect · owns 5% to 10%
Related persons
Schedule D 7.A
- Main Management Etf Advisors, LLCinvestment adviseryRAUM $2.8B
- Main Management Fund Advisors, LLCinvestment adviseryRAUM $1.0B
Advisers that list Main Management, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| San Francisco, Ca · principal | 20 | 6 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Aug 12, 2026RYAN, DAROL, WAYNE (MANAGING MEMBER) appeared on Schedule A between the filings of 2013-05-07 and 2026-08-12peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Aug 12, 2026LaBarbera, Joseph, Philip (CHIEF OPERATIONS OFFICER) appeared on Schedule A between the filings of 2013-05-07 and 2026-08-12peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Aug 12, 2026FREDERICKS, JOHN, RICHARD (MEMBER) left Schedule A between the filings of 2013-05-07 and 2026-08-12peers: independent wealth managers, $1B to $5B (1,360)
- office count surgeChange between filings · filing Mar 31, 2026offices other than the principal office (Item 1.F.5) moved from 4.0 to 6.0 (+50.0%) between the annual amendments of 2025-03-28 and 2026-03-31; the peer median change was 0.0% (379 comparable advisers, 93.0th percentile of changes)peers: independent wealth managers, $1B to $5B (379) · 93% percentile
What changed
consecutive filings, newest first
- Accounts · 314 to 337Aug 1, 2025 to Mar 31, 2026
- Advisory employees · 22 to 25Aug 1, 2025 to Mar 31, 2026
- Charity clients · 11 to 10Aug 1, 2025 to Mar 31, 2026
- Corporate clients · 18 to 24Aug 1, 2025 to Mar 31, 2026
- HNW clients · 127 to 134Aug 1, 2025 to Mar 31, 2026
- Individual clients · 68 to 79Aug 1, 2025 to Mar 31, 2026
- Pension plan clients · 3 to 2Aug 1, 2025 to Mar 31, 2026
- Assets in custody · $235M to $294MAug 1, 2025 to Mar 31, 2026
- Employees · 24 to 27Aug 1, 2025 to Mar 31, 2026
- State-registered IARs · 20 to 22Aug 1, 2025 to Mar 31, 2026
- Other offices · 4 to 6Aug 1, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.4B to $1.6BAug 1, 2025 to Mar 31, 2026
- HNW RAUM · $1.0B to $1.2BAug 1, 2025 to Mar 31, 2026
- Individual RAUM · $60.4M to $73.3MAug 1, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $259M to $332MAug 1, 2025 to Mar 31, 2026
- Pension RAUM · $6.8M to $7.4MAug 1, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $237M to $241MAug 1, 2025 to Mar 31, 2026
- RAUM · $1.6B to $1.9BAug 1, 2025 to Mar 31, 2026
- Wrap assets (manager) · $22.5M to $800,589Aug 1, 2025 to Mar 31, 2026
- Advisory employees · 20 to 22Mar 28, 2025 to Aug 1, 2025
- Employees · 22 to 24Mar 28, 2025 to Aug 1, 2025
- State-registered IARs · 18 to 20Mar 28, 2025 to Aug 1, 2025
- Accounts · 288 to 314Oct 1, 2024 to Mar 28, 2025
- Advisory employees · 16 to 20Oct 1, 2024 to Mar 28, 2025
- Charity clients · 10 to 11Oct 1, 2024 to Mar 28, 2025
- Corporate clients · 13 to 18Oct 1, 2024 to Mar 28, 2025
- HNW clients · 123 to 127Oct 1, 2024 to Mar 28, 2025
- Individual clients · 66 to 68Oct 1, 2024 to Mar 28, 2025
- Assets in custody · $198M to $235MOct 1, 2024 to Mar 28, 2025
- Employees · 19 to 22Oct 1, 2024 to Mar 28, 2025
- Financial planning clients · unset to Oct 1, 2024 to Mar 28, 2025
- State-registered IARs · 15 to 18Oct 1, 2024 to Mar 28, 2025
- Other offices · 3 to 4Oct 1, 2024 to Mar 28, 2025
- Discretionary RAUM · $1.2B to $1.4BOct 1, 2024 to Mar 28, 2025
- HNW RAUM · $808M to $1.0BOct 1, 2024 to Mar 28, 2025
- Individual RAUM · $44.4M to $60.4MOct 1, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $139M to $259MOct 1, 2024 to Mar 28, 2025
- Pension RAUM · $6.6M to $6.8MOct 1, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $231M to $237MOct 1, 2024 to Mar 28, 2025
- RAUM · $1.4B to $1.6BOct 1, 2024 to Mar 28, 2025
Signals
5 dated events
- Matthew Tymstra left Main Management, Llc for J.P. Morgan Securities Llc (registered 2025-03-27)Mar 17, 2025 · Advisor changed firm · fact
- Janey L Kegley left Main Management, Llc for Sagepoint Financial, Inc. (registered 2023-01-12)Aug 1, 2022 · Advisor changed firm · fact
- John Joseph Kehoe left Main Management, Llc for Freedom Investment Management, Inc. (registered 2022-09-02)May 31, 2022 · Advisor changed firm · fact
- Main Management, Llc reported RAUM $1.2B, up 38% from $881.4M (2021-09-07 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- William Luke King (Managing Director) no longer on Schedule A of Main Management, Llc (listed 2020-09-08, absent 2021-03-29)Mar 29, 2021 · Control person left · inference
Across DFX
shared identifiers only, never a name match
- Main Management, LLC · Independent Sponsorsshared crd · capital_provider
- Main Management, LLC · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/main-management-llcreportedpublic record, Form ADV, Sep 17, 2026
- Website
- MAINMGT.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 415-217-5800reportedpublic record, Form ADV, Aug 12, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $76.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026