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•••••••• I••••••••• P•••••••• L••
Latest filing Jun 10, 2026
First filing on the tape Jun 4, 2021 · 11 filings
SEC status approved since Jul 6, 2021
RAUM
$608M
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
11
10 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
3
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$608M as of Jun 10, 2026
Mar 28, 2022$248M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 10, 2026
Mar 28, 20220 then
Employees (5.A)11 as of Jun 10, 2026
Mar 28, 20224 then
Private funds3 as of Jun 10, 2026
Mar 28, 20222 then
RAUM -15% over the last fiscal year-14% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 10, 2026; every figure names its basis
Archetypes, each a printed rule
- b••• affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
- 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
- $203MderivedRAUM 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
- unknownderived2 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
- otherreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $5.4M, 10 clientsreportedItem 9.A
- Ownership
- a bank, bancorp or trust company is a 50 percent or greater ownerderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$608M100%
- 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
- $5.4M for 10 clientsreported
- Compensation
- n/areported
- 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
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| M•••••••• C•••••• 2•••••••• L• | Real Estate Fund | $456M | 2 | Nov 3, 2021 |
| M•••••••• H••••••••• F••• I• L• | Private Equity Fund | $381M | 29 | Mar 28, 2022 |
| M•••••••• H••••••••• F••• I• O•••••••• L• | Private Equity Fund | $13.7M | 1 | Mar 18, 2024 |
Owners and control persons
Schedule A and B, latest filing
- G•••••• E•••• A• · Authorized Signatorycontrolsince 12/2020 · owns less than 5%
- O•••••• T••••• A•••• · Chief Compliance Officercontrolsince 12/2020 · owns less than 5%
- P•••••• M••••••• F• · Chairman & Chief Executive Officercontrolsince 10/2006 · owns 25% to 50% of M•••••••• B••••••
Entity owners
- M•••••••• B•••••• · Ownerdirect · owns 75% or more · public reporting company
Related persons
Schedule D 7.A
- F••••••••• B••• O• I•••••••n
- H••••••••• F••• I• G•• L••pooled vehicle sponsorn
- M•••••••• B••••••y
- M•••••••• B••• O• I••••••n
- M•••••••• C•••••• 2••••••• G•• L••pooled vehicle sponsorn
- M•••••••• C•••••• C•••n
- M•••••••• C•••••• S•••••••• L••n
- M•••••••• H••••••••• F••• I• O••••••• G•• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- Carmel, IN3 employees
What changed
consecutive filings, newest first
- Advisory employees · 8 to 10Jan 2, 2026 to Mar 27, 2026
- Business name · M•••••••• A•••• M••••••••• L•• to M•••••••• I••••••••• P•••••••• L••Jan 2, 2026 to Mar 27, 2026
- Assets in custody · $20.8M to $5.4MJan 2, 2026 to Mar 27, 2026
- Employees · 8 to 11Jan 2, 2026 to Mar 27, 2026
- Discretionary RAUM · $711M to $608MJan 2, 2026 to Mar 27, 2026
- Pooled vehicle RAUM · $711M to $608MJan 2, 2026 to Mar 27, 2026
- RAUM · $711M to $608MJan 2, 2026 to Mar 27, 2026
- Legal name · M•••••••• A•••• M••••••••• L•• to M•••••••• I••••••••• P•••••••• L••Mar 31, 2025 to Jan 2, 2026
- Assets in custody · $19.3M to $20.8MMar 18, 2024 to Mar 31, 2025
- Financial planning clients · unset to Mar 18, 2024 to Mar 31, 2025
- Discretionary RAUM · $882M to $711MMar 18, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $882M to $711MMar 18, 2024 to Mar 31, 2025
- RAUM · $882M to $711MMar 18, 2024 to Mar 31, 2025
- Accounts · 2 to 3Mar 20, 2023 to Mar 18, 2024
- Advisory employees · 6 to 8Mar 20, 2023 to Mar 18, 2024
- Pooled vehicle clients · 2 to 3Mar 20, 2023 to Mar 18, 2024
- Employees · 6 to 8Mar 20, 2023 to Mar 18, 2024
- Private funds · 2 to 3Mar 20, 2023 to Mar 18, 2024
- Discretionary RAUM · $955M to $882MMar 20, 2023 to Mar 18, 2024
- Pooled vehicle RAUM · $955M to $882MMar 20, 2023 to Mar 18, 2024
- RAUM · $955M to $882MMar 20, 2023 to Mar 18, 2024
- Advisory employees · 3 to 6Jun 15, 2022 to Mar 20, 2023
- Assets in custody · $51.2M to $19.3MJun 15, 2022 to Mar 20, 2023
- Employees · 4 to 6Jun 15, 2022 to Mar 20, 2023
- Discretionary RAUM · $352M to $955MJun 15, 2022 to Mar 20, 2023
- Pooled vehicle RAUM · $352M to $955MJun 15, 2022 to Mar 20, 2023
- RAUM · $352M to $955MJun 15, 2022 to Mar 20, 2023
- Assets in custody · $40.3M to $51.2MMay 20, 2022 to Jun 15, 2022
- Discretionary RAUM · $248M to $352MMay 20, 2022 to Jun 15, 2022
- Pooled vehicle RAUM · $248M to $352MMay 20, 2022 to Jun 15, 2022
- RAUM · $248M to $352MMay 20, 2022 to Jun 15, 2022
- Accounts · 1 to 2Nov 3, 2021 to Mar 28, 2022
- Pooled vehicle clients · 1 to 2Nov 3, 2021 to Mar 28, 2022
- Private funds · 1 to 2Nov 3, 2021 to Mar 28, 2022
- Discretionary RAUM · $186M to $248MNov 3, 2021 to Mar 28, 2022
- Pooled vehicle RAUM · $186M to $248MNov 3, 2021 to Mar 28, 2022
- RAUM · $186M to $248MNov 3, 2021 to Mar 28, 2022
- Accounts · unset to 1.0Jun 4, 2021 to Nov 3, 2021
- Advisory employees · 2 to 3Jun 4, 2021 to Nov 3, 2021
- Pooled vehicle clients · unset to 1.0Jun 4, 2021 to Nov 3, 2021
Signals
3 dated events
- M•••••••• I••••••••• P•••••••• L•• reported RAUM $954.6M, up 171% from $352.4M (2022-06-15 to 2023-03-20)Mar 20, 2023 · RAUM change · derived
- M•••••••• I••••••••• P•••••••• L•• reported RAUM $352.4M, up 42% from $247.7M (2022-05-20 to 2022-06-15)Jun 15, 2022 · RAUM change · derived
- M•••••••• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)Jun 4, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- M•••••••• I••••••••• P•••••••• L•• · Independent Sponsorsshared crd · capital_provider
- M•••••••• A•••• M••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- merchantsip.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 317-324-4601reportedpublic record, Form ADV, Jun 10, 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
Across the graphs
M•••••••• I••••••••• P•••••••• L•• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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