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••• M••••••••• F••• A•••••••• L••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 281689SEC 801-106755websiteIAPD
Latest filing Sep 4, 2026
First filing on the tape Oct 1, 2015 · 16 filings
SEC status approved since Oct 13, 2015
RAUM
$1.0B
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
27
25 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$1.0B as of Aug 12, 2026
Mar 29, 2016$14.7M then
HNW client RAUM: no history
State-registered IARs (5.B.3)22 as of Aug 12, 2026
Mar 29, 20165 then
Employees (5.A)27 as of Aug 12, 2026
Mar 29, 20167 then
Private funds: no history
RAUM +74% over the last fiscal year+84% a year over threeIARs 18 to 22
Practice profile
derived from the filing of Sep 4, 2026; every figure names its basis
RAUM per advisor
$46.0MderivedRAUM 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
$1.0BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.2derivedItem 5.A over advisors
Advisors per office
22.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+74%derivedbetween the last two annual amendments
Advisor growth, one year
+22%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$1.0B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • A•••••• K••• D•••• · President And Chief Executive Officercontrol
        since 09/2015 · owns less than 5%
      • D•••••• B••••• · Secretary And Chief Operating Officercontrol
        since 09/2015 · owns less than 5%
      • E•••••• H•••••• A•••• · Chief Compliance Officercontrol
        since 09/2015 · owns less than 5%
      • A•••••• K••• D•••• · Managing Member, Ceo And Presidentcontrol
        since 08/2002 · owns 25% to 50% of M••• M••••••••• L••
      • A•••••••• M••••• · Member
        since 12/2016 · owns 5% to 10%
      • M••••• M••• · Member
        since 12/2016 · owns 5% to 10%
      Entity owners
      • M••• M••••••••• L•• · Managing Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Advisers that list M••• M••••••••• F••• A•••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM up 50 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $582,146,050 to $1,011,255,965 (+74.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +11.0% (1368 comparable advisers, 91.0th percentile of changes)
        peers: asset managers, $1B to $5B (1,368) · 91% percentile
      What changed
      consecutive filings, newest first
      • Financial planning clients · to unset
        Aug 12, 2026 to Sep 4, 2026
      • Succession · false to unset
        Aug 12, 2026 to Sep 4, 2026
      • Advisory employees · 20 to 25
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 22 to 27
        Mar 31, 2025 to Mar 31, 2026
      • State-registered IARs · 18 to 22
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $582M to $1.0B
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $582M to $1.0B
        Mar 31, 2025 to Mar 31, 2026
      • Advisory employees · 16 to 20
        Sep 25, 2024 to Mar 31, 2025
      • Employees · 19 to 22
        Sep 25, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Sep 25, 2024 to Mar 31, 2025
      • State-registered IARs · 15 to 18
        Sep 25, 2024 to Mar 31, 2025
      • Discretionary RAUM · $370M to $582M
        Sep 25, 2024 to Mar 31, 2025
      • RAUM · $370M to $582M
        Sep 25, 2024 to Mar 31, 2025
      • Employees · 18 to 19
        Mar 30, 2023 to Mar 29, 2024
      • State-registered IARs · 14 to 15
        Mar 30, 2023 to Mar 29, 2024
      • Discretionary RAUM · $162M to $370M
        Mar 30, 2023 to Mar 29, 2024
      • RAUM · $162M to $370M
        Mar 30, 2023 to Mar 29, 2024
      • Advisory employees · 17 to 16
        Mar 31, 2022 to Mar 30, 2023
      • BD registered reps · 8 to 0
        Mar 31, 2022 to Mar 30, 2023
      • State-registered IARs · 16 to 14
        Mar 31, 2022 to Mar 30, 2023
      • Discretionary RAUM · $135M to $162M
        Mar 31, 2022 to Mar 30, 2023
      • RAUM · $135M to $162M
        Mar 31, 2022 to Mar 30, 2023
      • Advisory employees · 14 to 17
        Mar 29, 2021 to Mar 31, 2022
      • BD registered reps · 7 to 8
        Mar 29, 2021 to Mar 31, 2022
      • Employees · 15 to 18
        Mar 29, 2021 to Mar 31, 2022
      • State-registered IARs · 13 to 16
        Mar 29, 2021 to Mar 31, 2022
      • Discretionary RAUM · $60.3M to $135M
        Mar 29, 2021 to Mar 31, 2022
      • RAUM · $60.3M to $135M
        Mar 29, 2021 to Mar 31, 2022
      • BD registered reps · 6 to 7
        Sep 8, 2020 to Mar 29, 2021
      • Discretionary RAUM · $78.2M to $60.3M
        Sep 8, 2020 to Mar 29, 2021
      • RAUM · $78.2M to $60.3M
        Sep 8, 2020 to Mar 29, 2021
      • Advisory employees · 10 to 14
        Mar 29, 2019 to Mar 27, 2020
      • BD registered reps · 3 to 6
        Mar 29, 2019 to Mar 27, 2020
      • Assets in custody · 0.0 to unset
        Mar 29, 2019 to Mar 27, 2020
      • Employees · 12 to 15
        Mar 29, 2019 to Mar 27, 2020
      • State-registered IARs · 9 to 13
        Mar 29, 2019 to Mar 27, 2020
      • Discretionary RAUM · $61.0M to $78.2M
        Mar 29, 2019 to Mar 27, 2020
      • RAUM · $61.0M to $78.2M
        Mar 29, 2019 to Mar 27, 2020
      • Advisory employees · 7 to 10
        Mar 28, 2018 to Mar 29, 2019
      • BD registered reps · 2 to 3
        Mar 28, 2018 to Mar 29, 2019
      Signals
      4 dated events
      • M••• M••••••••• F••• A•••••••• L•• reported RAUM $1.0B, up 74% from $582.1M (2025-03-31 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • M••• M••••••••• F••• A•••••••• L•• reported RAUM $582.1M, up 57% from $370.5M (2024-09-25 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • M••• M••••••••• F••• A•••••••• L•• reported RAUM $370.5M, up 129% from $162.0M (2023-03-30 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • M••• M••••••••• F••• A•••••••• L•• filed its initial SEC registration (Form ADV)
        Oct 1, 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
      Website
      mainmgtetfs.com/buywreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      415-217-5800reportedpublic record, Form ADV, Sep 4, 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