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••••••••• E•• A•••••••• L••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 288558SEC 801-110799websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Jun 12, 2017 · 12 filings
SEC status approved since Jul 12, 2017
RAUM
$2.8B
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
12 filings and snapshots on the tape
RAUM$2.8B as of Mar 31, 2026
Mar 29, 2018$239M then
HNW client RAUM: no history
State-registered IARs (5.B.3)22 as of Mar 31, 2026
Mar 29, 20187 then
Employees (5.A)27 as of Mar 31, 2026
Mar 29, 201810 then
Private funds: no history
RAUM +27% over the last fiscal year+37% a year over threeIARs 18 to 22
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
$128MderivedRAUM 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
$939MderivedRAUM 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
+27%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$2.8B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
reported
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 02/2017 · owns less than 5%
      • D•••••• B•••••• A••••••• · Secretary And Chief Operating Officercontrol
        since 02/2017 · owns less than 5%
      • E•••••• H•••••• A•••• · Chief Compliance Officercontrol
        since 02/2017 · owns less than 5%
      • A•••••• K••• D•••• · Managing Member, Ceo And Presidentcontrol
        since 08/2002 · owns 25% to 50% of M••• M••••••••• L••
      Entity owners
      • M••• M••••••••• L•• · Managing Member And Sole Owner
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Advisers that list M••• M••••••••• E•• A•••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • 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 · $2.2B to $2.8B
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $2.2B to $2.8B
        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 · $1.7B to $2.2B
        Sep 25, 2024 to Mar 31, 2025
      • RAUM · $1.7B to $2.2B
        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 · $1.1B to $1.7B
        Mar 30, 2023 to Mar 29, 2024
      • RAUM · $1.1B to $1.7B
        Mar 30, 2023 to Mar 29, 2024
      • Accounts · 2 to 3
        Mar 31, 2022 to Mar 30, 2023
      • 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 · $1.2B to $1.1B
        Mar 31, 2022 to Mar 30, 2023
      • RAUM · $1.2B to $1.1B
        Mar 31, 2022 to Mar 30, 2023
      • Accounts · 1 to 2
        Mar 29, 2021 to Mar 31, 2022
      • 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 · $650M to $1.2B
        Mar 29, 2021 to Mar 31, 2022
      • RAUM · $650M to $1.2B
        Mar 29, 2021 to Mar 31, 2022
      • BD registered reps · 6 to 7
        Sep 8, 2020 to Mar 29, 2021
      • Discretionary RAUM · $566M to $650M
        Sep 8, 2020 to Mar 29, 2021
      • RAUM · $566M to $650M
        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
      • 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 · $361M to $566M
        Mar 29, 2019 to Mar 27, 2020
      • RAUM · $361M to $566M
        Mar 29, 2019 to Mar 27, 2020
      • Advisory employees · 7 to 10
        Mar 29, 2018 to Mar 29, 2019
      • BD registered reps · 2 to 3
        Mar 29, 2018 to Mar 29, 2019
      • Employees · 10 to 12
        Mar 29, 2018 to Mar 29, 2019
      Signals
      7 dated events
      • M••• M••••••••• E•• A•••••••• L•• reported RAUM $2.8B, up 27% from $2.2B (2025-03-31 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • M••• M••••••••• E•• A•••••••• L•• reported RAUM $2.2B, up 29% from $1.7B (2024-09-25 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • M••• M••••••••• E•• A•••••••• L•• reported RAUM $1.7B, up 56% from $1.1B (2023-03-30 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • M••• M••••••••• E•• A•••••••• L•• reported RAUM $1.2B, up 80% from $649.8M (2021-03-29 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • M••• M••••••••• E•• A•••••••• L•• reported RAUM $566.2M, up 57% from $361.1M (2019-03-29 to 2020-03-27)
        Mar 27, 2020 · RAUM change · derived
      • M••• M••••••••• E•• A•••••••• L•• reported RAUM $361.1M, up 51% from $239.1M (2018-03-29 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • M••• M••••••••• E•• A•••••••• L•• filed its initial SEC registration (Form ADV)
        Jun 12, 2017 · 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
      M•••MGTETFS.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      415-217-5800reportedpublic record, Form ADV, Mar 31, 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