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••

Independent wealth managerCRD 130655SEC 801-106574websiteIAPD
Latest filing Jul 9, 2026
First filing on the tape Jan 13, 2012 · 28 filings
SEC status approved since Aug 24, 2015
RAUM
$210M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$210M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$105M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$210M as of Jul 9, 2026
Jan 6, 2016$92.8M then
HNW client RAUM$205M as of Jul 9, 2026
Jan 27, 2018$112M then
State-registered IARs (5.B.3)2 as of Jul 9, 2026
Jan 6, 20160 then
Employees (5.A)2 as of Jul 9, 2026
Jan 6, 20163 then
Private funds: no history
RAUM +17% over the last fiscal year+10.0% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Jul 9, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$105MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
20derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$7.6MderivedHNW RAUM over HNW clients
Average account
$2.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+17%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+8.3%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, publications, educational seminars, otherreportedItem 5.G
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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$205M97%
  • Individuals$5.0M2.4%
  • Charitable organizations$372,8440.2%
Individual clients
12reported
HNW clients
27reported
Pension plan clients
n/areported
Charitable clients
4reported
Accounts
103reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M••• R•••••• K••••Sausalito, CaDec 27, 201622 y1
P•••• H••••• K••••Victoria, Bc May 24, 202114 y0
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
    Joined, latest
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • K••••• M•••• R•••••• · Membercontrol
        since 02/2004 · owns 25% to 50%
      • K••••• P••••• H••••• · Chief Compliance Officer/Managing Membercontrol
        since 01/2022 · owns 25% to 50%
      Related persons
      Schedule D 7.A
      No related person reported.
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Sausalito, Ca200
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • unusually large average HNW clientStatic outlier · filing Jul 9, 2026
        HNW RAUM per HNW client of $7,583,520 against a peer median of $2,402,920 (4942 comparable advisers, 98.0th percentile, 3.5 robust deviations)
        peers: independent wealth managers, $100M to $500M (4,942) · 98% percentile
      What changed
      consecutive filings, newest first
      • Advisory activities · 4 to 5
        Feb 10, 2026 to May 22, 2026
      • Accounts · 79 to 103
        Aug 7, 2025 to Feb 10, 2026
      • Charity clients · 3 to 4
        Aug 7, 2025 to Feb 10, 2026
      • HNW clients · 25 to 27
        Aug 7, 2025 to Feb 10, 2026
      • Individual clients · 11 to 12
        Aug 7, 2025 to Feb 10, 2026
      • Discretionary RAUM · $180M to $210M
        Aug 7, 2025 to Feb 10, 2026
      • HNW RAUM · $174M to $205M
        Aug 7, 2025 to Feb 10, 2026
      • Individual RAUM · $5.4M to $5.0M
        Aug 7, 2025 to Feb 10, 2026
      • RAUM · $180M to $210M
        Aug 7, 2025 to Feb 10, 2026
      • Financial planning clients · 1-10 to 1-10
        Mar 27, 2025 to Jul 7, 2025
      • Accounts · 63 to 79
        Jul 29, 2024 to Mar 27, 2025
      • Advisory activities · 5 to 4
        Jul 29, 2024 to Mar 27, 2025
      • Charity clients · 2 to 3
        Jul 29, 2024 to Mar 27, 2025
      • HNW clients · 24 to 25
        Jul 29, 2024 to Mar 27, 2025
      • Individual clients · 12 to 11
        Jul 29, 2024 to Mar 27, 2025
      • HQ city · unset to
        Jul 29, 2024 to Mar 27, 2025
      • HQ state · unset to
        Jul 29, 2024 to Mar 27, 2025
      • Discretionary RAUM · $168M to $180M
        Jul 29, 2024 to Mar 27, 2025
      • HNW RAUM · $163M to $174M
        Jul 29, 2024 to Mar 27, 2025
      • Individual RAUM · $5.0M to $5.4M
        Jul 29, 2024 to Mar 27, 2025
      • RAUM · $168M to $180M
        Jul 29, 2024 to Mar 27, 2025
      • Accounts · 54 to 63
        Jan 18, 2023 to Mar 28, 2024
      • Advisory activities · 4 to 5
        Jan 18, 2023 to Mar 28, 2024
      • Charity clients · 1 to 2
        Jan 18, 2023 to Mar 28, 2024
      • HNW clients · 10 to 24
        Jan 18, 2023 to Mar 28, 2024
      • Individual clients · 43 to 12
        Jan 18, 2023 to Mar 28, 2024
      • HQ city · SAN FRANCISCO to unset
        Jan 18, 2023 to Mar 28, 2024
      • HQ state · CA to unset
        Jan 18, 2023 to Mar 28, 2024
      • State-registered IARs · 0 to 2
        Jan 18, 2023 to Mar 28, 2024
      • Other offices · 2 to 0
        Jan 18, 2023 to Mar 28, 2024
      • Discretionary RAUM · $158M to $168M
        Jan 18, 2023 to Mar 28, 2024
      • HNW RAUM · $119M to $163M
        Jan 18, 2023 to Mar 28, 2024
      • Individual RAUM · $38.4M to $5.0M
        Jan 18, 2023 to Mar 28, 2024
      • RAUM · $158M to $168M
        Jan 18, 2023 to Mar 28, 2024
      • Accounts · 60 to 54
        Jan 7, 2022 to Jan 18, 2023
      • Charity clients · unset to 1.0
        Jan 7, 2022 to Jan 18, 2023
      • HNW clients · 17 to 10
        Jan 7, 2022 to Jan 18, 2023
      • Individual clients · 21 to 43
        Jan 7, 2022 to Jan 18, 2023
      • Other offices · 0 to 2
        Jan 7, 2022 to Jan 18, 2023
      • Discretionary RAUM · $181M to $158M
        Jan 7, 2022 to Jan 18, 2023
      Signals
      2 dated events
      • H••••• J•••• K•••• (Member) no longer on Schedule A of M••••••••• L•• (listed 2023-01-18, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • M••••••••• L•• filed its initial SEC registration (Form ADV)
        Aug 18, 2015 · First SEC registration · fact
      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 17, 2026
      Business phone
      415-723-9695reportedpublished by the firm, firm site, Sep 17, 2026
      Firm profile
      linkedin.com/company/macroclimate-llcreportedpublic record, Form ADV, Sep 19, 2026
      Website
      M•••••••••.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      415-723-9695reportedpublic record, Form ADV, Jul 9, 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
      $105Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026