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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Former SEC-registered adviser
M•• S••••• C••••••
Legal name M•• S••••• A•••••••• L••
Latest filing Mar 30, 2025
First filing on the tape Oct 16, 2020 · 13 filings
SEC status approved since Nov 9, 2020
RAUM
$566M
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
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$566M as of Mar 30, 2025
Apr 1, 2021$140M then
HNW client RAUM$0 as of Mar 30, 2025
Apr 1, 2021$0 then
State-registered IARs (5.B.3)0 as of Mar 30, 2025
Apr 1, 20210 then
Employees (5.A)5 as of Mar 30, 2025
Apr 1, 20215 then
Private funds1 as of Mar 30, 2025
Apr 1, 20211 then
RAUM -15% over the last fiscal year+58% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2025; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM 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
- $283MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -15%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$566M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 2reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- absent from the latest SEC rosterderived
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
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| M•• R••••• H•••••••• L••• | Private Equity Fund | $445M | 11 | Apr 1, 2021 |
| M•• E•• I••••••••• L••• | Private Equity Fund | $124M | 13 | Mar 30, 2024 |
| M•• S••••• C••••••• L•••no longer reported | Other Private Fund | $0 | 0 | Oct 16, 2020 |
Owners and control persons
Schedule A and B, latest filing
- M•••••• J••••••• S•••• · Chief Executive Officercontrolsince 10/2020 · owns less than 5%
- N•••••• J••••••• J••• · Chairmancontrolsince 10/2020 · owns less than 5%
- M•••••• J••••••• S•••• · Membercontrolsince 11/2020 · owns 75% or more of M••••• S••••• P•••••••• L••
- N•••••• J••••••• J••• · Membercontrolsince 11/2020 · owns 75% or more of N•• 7••
- L••••• J•••• A•••••• · Chief Compliance Officersince 03/2021 · owns less than 5%
Entity owners
- M••••• S••••• P•••••••• L•• · Memberdirect · owns 25% to 50%
- N•• 7•• · Memberdirect · owns 50% to 75%
Related persons
Schedule D 7.A
- M•• R••••• H••••••• G•• L••pooled vehicle sponsorn
- M•• R••••• I•••••••• G•• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Private funds · 2 to 1Sep 10, 2024 to Mar 30, 2025
- Financial planning clients · unset to Sep 10, 2024 to Mar 30, 2025
- Discretionary RAUM · $668M to $566MSep 10, 2024 to Mar 30, 2025
- Pooled vehicle RAUM · $668M to $566MSep 10, 2024 to Mar 30, 2025
- RAUM · $668M to $566MSep 10, 2024 to Mar 30, 2025
- Private funds · 1 to 2May 3, 2023 to Mar 30, 2024
- Discretionary RAUM · $198M to $668MMay 3, 2023 to Mar 30, 2024
- Pooled vehicle RAUM · $198M to $668MMay 3, 2023 to Mar 30, 2024
- RAUM · $198M to $668MMay 3, 2023 to Mar 30, 2024
- Discretionary RAUM · $212M to $198MMar 31, 2023 to May 3, 2023
- Pooled vehicle RAUM · $212M to $198MMar 31, 2023 to May 3, 2023
- RAUM · $212M to $198MMar 31, 2023 to May 3, 2023
- Discretionary RAUM · $145M to $212MMar 31, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $145M to $212MMar 31, 2022 to Mar 31, 2023
- RAUM · $145M to $212MMar 31, 2022 to Mar 31, 2023
- Business name · M•• S••••• A•••••••• L•• to M•• S••••• C••••••Jun 9, 2021 to Mar 31, 2022
- Discretionary RAUM · $140M to $145MJun 9, 2021 to Mar 31, 2022
- Pooled vehicle RAUM · $140M to $145MJun 9, 2021 to Mar 31, 2022
- RAUM · $140M to $145MJun 9, 2021 to Mar 31, 2022
- Discretionary RAUM · $208M to $140MMar 10, 2021 to Apr 1, 2021
- Pooled vehicle RAUM · $208M to $140MMar 10, 2021 to Apr 1, 2021
- RAUM · $208M to $140MMar 10, 2021 to Apr 1, 2021
- Accounts · 0 to 2Oct 16, 2020 to Mar 10, 2021
- Pooled vehicle clients · 0 to 2Oct 16, 2020 to Mar 10, 2021
- Discretionary RAUM · $0 to $208MOct 16, 2020 to Mar 10, 2021
- Pooled vehicle RAUM · $0 to $208MOct 16, 2020 to Mar 10, 2021
- RAUM · $0 to $208MOct 16, 2020 to Mar 10, 2021
Signals
8 dated events
- M•• S••••• C•••••• no longer on the SEC adviser roster (last listed 2026-03-02, RAUM $565.6M)Apr 1, 2026 · Left the SEC roster · derived
- Moon Sharon Hwang (Chief Operating Officer) no longer on Schedule A of M•• S••••• C•••••• (listed 2024-04-30, absent 2024-08-26)Aug 26, 2024 · Control person left · inference
- M•• S••••• C•••••• reported RAUM $668.2M, up 238% from $197.7M (2023-05-03 to 2024-03-30)Mar 30, 2024 · RAUM change · derived
- Anthony John Lukan (Chief Compliance Officer) appeared on Schedule A of M•• S••••• C••••••May 13, 2021 · Control person joined · fact
- Moon Sharon Hwang (Chief Operating Officer) appeared on Schedule A of M•• S••••• C••••••May 13, 2021 · Control person joined · fact
- Marc Steven Wasserman (Senior Partner) no longer on Schedule A of M•• S••••• C•••••• (listed 2021-04-01, absent 2021-05-13)May 13, 2021 · Control person left · inference
- Arne Jorn Rees (Senior Partner) no longer on Schedule A of M•• S••••• C•••••• (listed 2021-04-01, absent 2021-05-13)May 13, 2021 · Control person left · inference
- M•• S••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Oct 16, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- M•• S••••• C•••••• · Private Equityshared crd · organization
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
- Former SEC-registered adviserderiveda 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