Menlo Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and selecting other managers. The firm advises 1 private fund.
Menlo Advisors reports 40 clients. They include 27 high-net-worth individuals, 12 individual clients and 1 pooled investment vehicle. Of its assets, 100.0% ($370M across 100 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 30% | <1% |
| High-net-worth individuals | 68% | 91% |
| Pooled investment vehicles | 3% | 3% |
| Charitable organizations | Fewer than 5 | 6% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 12 | $2.15M | 0.6% | $179K |
| High-net-worth individuals | 27 | $338M | 91.3% | $12.5M |
| Pooled investment vehicles | 1 | $9.62M | 2.6% | $9.62M |
| Charitable organizations | Fewer than 5 | $20.4M | 5.5% | — |
| Total | 40 | $370M | 100% | — |
- Clients
- 12
- Regulatory AUM
- $2.15M
- AUM share
- 0.6%
- Avg. per client
- $179K
- Clients
- 27
- Regulatory AUM
- $338M
- AUM share
- 91.3%
- Avg. per client
- $12.5M
- Clients
- 1
- Regulatory AUM
- $9.62M
- AUM share
- 2.6%
- Avg. per client
- $9.62M
- Clients
- Fewer than 5
- Regulatory AUM
- $20.4M
- AUM share
- 5.5%
- Avg. per client
- —
Total
- Clients
- 40
- Regulatory AUM
- $370M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 0
Menlo Advisors charges 0.50%–1.00% a year for its Individually managed client accounts. The fee is billed in advance, is negotiable and has a $10,000 annual minimum. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial consulting
- Financial consulting is billed either as a fixed fee or at $300 per hour, monthly as services are rendered.
Kent Seymour owns 50% to 75% of Menlo Advisors. The leadership team of Menlo Advisors includes President Kent Seymour and Chief Financial Officer Tracey Seymour. It has 2 employees, 1 of them in advisory roles.
Leadership
- Kent SeymourPresident, Chief Compliance Officer
- Tracey SeymourChief Financial Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Kent Robert Seymour
Staff
- 2 employees
- 1 in advisory functions
- 2 state-registered reps
- Owns 50% to 75% of Menlo Advisors LLC
Kent Seymour
Control person · since September 2002
- Owns 50% to 75% of Menlo Advisors LLC
Tracey Seymour
Control person · since September 2002
Menlo Advisors’ regulatory assets grew from $273M (April 2021) to $370M (March 2026); clients fell from 53 to 40 and employees from 4 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $370M | 40 | 2 | 1 |
| March 2025 | $318M | 43 | 3 | 1 |
| March 2024 | $283M | 47 | 3 | 1 |
| March 2023 | $248M | 50 | 3 | 1 |
| June 2022 | $323M | 49 | 3 | 1 |
| April 2021 | $273M | 53 | 4 | 1 |
Besides its headquarters, Menlo Advisors has 0 offices, with 1 listed address in California.
California · 1 listed address
- 659 Oak Grove Avenue, Suite 207, Menlo ParkHQ
Contact and registration details
- Legal name
- Menlo Advisors LLC
- Headquarters
- 659 Oak Grove Avenue, Suite 207, Menlo Park, CA 94025
- Website
- Not reported
- Phone
- 650-688-0300
- SEC file
- 801-61504
- Structure
- California LLC
- Fiscal year end
- December
Menlo Advisors uses Charles Schwab ($360M) as custodian for its separately managed accounts. Menlo Advisors has custody of $18.9M in client assets for 2 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $360M100%
At year end, Menlo Advisors’ separately managed accounts were mostly in stocks (60%) and funds (34%).
What the accounts hold
- Stocks60%
- Funds34%
- Registered funds31%
- Pooled vehicles3%
- Bonds4%
- U.S. government and agency bonds3%
- State and local bonds1%
- Cash2%
How many clients does Menlo Advisors have?
Menlo Advisors has 40 clients and manages $370 million for them, as of March 2026. They include 27 high-net-worth individuals, 12 individual clients and 1 pooled investment vehicle.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Menlo Advisors offer?
Menlo Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Menlo Advisors charge?
Menlo Advisors charges 0.50%–1.00% a year for its Individually managed client accounts. The fee is billed in advance, is negotiable and has a $10,000 annual minimum.
Source: MENLO ADVISORS LLC FORM ADV PART 2A - MARCH 2026, filed 31 March 2026
Which custodians does Menlo Advisors use?
Menlo Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $360M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Menlo Advisors have?
Menlo Advisors has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 1 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Menlo Advisors invest in?
At the end of its last fiscal year, Menlo Advisors’ separately managed accounts held 60% exchange-traded equities, 31% registered funds (mutual funds, ETFs, BDCs), 3% U.S. government and agency bonds, 3% pooled vehicles (private funds and similar), 2% cash and equivalents and 1% state and local bonds. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Menlo Advisors?
Menlo Advisors’ direct owners are Kent Seymour (50% to 75%) and Tracey Seymour (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Menlo Advisors get paid?
Menlo Advisors is paid through a percentage of assets under management, hourly charges, performance-based fees and other compensation. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Menlo Advisors registered with the SEC?
Yes, Menlo Advisors has been registered with the SEC as an investment adviser since 11 October 2002. Its CRD number is 122721 and its SEC file number is 801-61504.
Source: Form ADV Part 1A, Item 1, filed 31 March 2026; IAPD firm record
How do I contact Menlo Advisors?
Menlo Advisors’ main office is at 659 Oak Grove Avenue, Suite 207, Menlo Park, CA 94025. Its phone number is 650-688-0300.