{"url":"https://nivawealth.com/firms/menlo-advisors-122721","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/122721","regulatoryAum":369717504,"crd":"122721","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1792039","suffix":null,"lastName":"SEYMOUR","firstName":"KENT","middleName":"ROBERT"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-04-12","regulatoryAum":272831343,"clients":53,"employees":4,"offices":1},{"filedOn":"2022-06-30","regulatoryAum":322506220,"clients":49,"employees":3,"offices":1},{"filedOn":"2023-03-04","regulatoryAum":248095387,"clients":50,"employees":3,"offices":1},{"filedOn":"2024-03-20","regulatoryAum":283261076,"clients":47,"employees":3,"offices":1},{"filedOn":"2025-03-28","regulatoryAum":318427315,"clients":43,"employees":3,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":369717504,"clients":40,"employees":2,"offices":1}],"secFileNumber":"801-61504","legalName":"Menlo Advisors LLC","displayName":"Menlo Advisors","slug":"menlo-advisors-122721","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"659 Oak Grove Avenue, Suite 207","city":"Menlo Park","state":"CA","stateName":"California","country":"United States","postalCode":"94025"},"tradeNames":[],"registration":{"secApproved":"11 October 2002","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":8710617.564102564,"staff":{"employees":2,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":369717504,"discretionary":369717504,"discretionaryAccounts":100,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":12,"regulatoryAum":2153989},{"label":"High-net-worth individuals","clients":27,"regulatoryAum":337560096},{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":9618053},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":20385366}],"feePrograms":[{"role":"main","program":"Individually managed client accounts","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036075","versionId":1036075,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-31","documentName":"MENLO ADVISORS LLC FORM ADV PART 2A - MARCH 2026","fee_rate_low":0.5,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":"annual","fee_minimum_annual":10000},{"role":"other","program":"Financial consulting","summary":"Financial consulting is billed either as a fixed fee or at $300 per hour, monthly as services are rendered.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036075","versionId":1036075,"submittedOn":"2026-03-31","documentName":"MENLO ADVISORS LLC FORM ADV PART 2A - MARCH 2026"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T08:49:04.611063+00:00","documents":[{"name":"MENLO ADVISORS LLC FORM ADV PART 2A - MARCH 2026","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036075","versionId":1036075,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":360099451}],"custodyNote":"Menlo Advisors has custody of $18.9M in client assets for 2 clients.","leadership":[{"name":"Kent Seymour","title":"President, Chief Compliance Officer","crd":"1792039"},{"name":"Tracey Seymour","title":"Chief Financial Officer","crd":"1776070"}],"ownership":[{"label":"Kent Seymour","detail":"President, chief compliance officer in the 50% to 75% ownership band and a control person, since September 2002."},{"label":"Tracey Seymour","detail":"Chief financial officer in the 50% to 75% ownership band and a control person, since September 2002."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"659 Oak Grove Avenue, Suite 207","city":"Menlo Park","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"650-688-0300","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Performance-based fees","Other"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":60},{"label":"U.S. government/agency bonds","percent":3},{"label":"U.S. state and local bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":31},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":3},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":1},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/122721/PDF/122721.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036075","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Menlo Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Menlo Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Menlo Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Menlo Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Menlo Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Menlo Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Menlo Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Menlo Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Menlo Advisors registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Menlo Advisors?","answer":"Menlo Advisors’ main office is at 659 Oak Grove Avenue, Suite 207, Menlo Park, CA 94025. Its phone number is 650-688-0300.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}