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•••• C•••••• P••••••• V•• L••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 341399SEC 801-136254websiteIAPD
Latest filing Jul 31, 2026
First filing on the tape Apr 13, 2026 · 2 filings
SEC status approved since May 13, 2026
RAUM
$448M
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
19
16 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
2 filings and snapshots on the tape
RAUM$448M as of Jul 31, 2026
Apr 13, 2026$0 then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jul 31, 2026
Apr 13, 20260 then
Employees (5.A)19 as of Jul 31, 2026
Apr 13, 202619 then
Private funds: 3
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Jul 31, 2026; 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
$149MderivedRAUM 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
unknownderivedbetween 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
Custody
yesreportedItem 9.A
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
  • 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$448M100%
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
$0 for 0 clientsreported
Compensation
% of AUM, performancereported
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
      • B•••••• A•••• E•••••••• · Chief Compliance Officer/Chief Financial Officercontrol
        since 09/2024 · owns less than 5%
      • C••••••• T•••••• F•••••• · Managercontrol
        since 03/2016 · owns 10% to 25%
      • S••••• T•••••••• M•••••• · Managercontrol
        since 03/2016 · owns 10% to 25%
      • W••••••• M•••• J•• · Managercontrol
        since 03/2016 · owns 10% to 25%
      • G••••••••• E•••• R••• · Member
        since 03/2016 · owns 10% to 25%
      • J••••• D••••• M•••••• · Member
        since 03/2016 · owns 10% to 25%
      • M••••••••• T••••••• J••• · Member
        since 03/2016 · owns 10% to 25%
      • P••••••• D•••••• E•••••• · Member
        since 03/2016 · owns 10% to 25%
      • Y••••••••• B•••••••• W• · Member
        since 04/2017 · owns 10% to 25%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • custody status changedChange between filings · filing Jul 31, 2026
        custody of client assets (Item 9.A): no on the filing of 2026-04-13, yes on the filing of 2026-07-31
        peers: asset managers, $100M to $500M (1,568)
      • business activity changedChange between filings · filing Jul 31, 2026
        advises private funds (Item 7.B): no on the filing of 2026-04-13, yes on the filing of 2026-07-31
        peers: asset managers, $100M to $500M (1,568)
      What changed
      consecutive filings, newest first
      • Accounts · 0 to 3
        Apr 13, 2026 to Jul 31, 2026
      • Pooled vehicle clients · unset to 3.0
        Apr 13, 2026 to Jul 31, 2026
      • Assets in custody · unset to 0.0
        Apr 13, 2026 to Jul 31, 2026
      • Custody of client assets · false to true
        Apr 13, 2026 to Jul 31, 2026
      • Private funds · unset to 3
        Apr 13, 2026 to Jul 31, 2026
      • Discretionary RAUM · $0 to $448M
        Apr 13, 2026 to Jul 31, 2026
      • Pooled vehicle RAUM · unset to 448206508.0
        Apr 13, 2026 to Jul 31, 2026
      • RAUM · $0 to $448M
        Apr 13, 2026 to Jul 31, 2026
      Signals
      No event on the tape.
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/merit-capital-partnersreportedpublic record, Form ADV, Sep 19, 2026
      Website
      m•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      312-592-6111reportedpublic record, Form ADV, Jul 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