AdvisorCensus / Financial advisors / California / San Francisco / Madrone Investment Advisory, LLC
Madrone Investment Advisory, LLC is an SEC-registered investment advisory firm in San Rafael, CA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 24, 2026.
Quick answers
From the filingHow is Madrone Investment Advisory, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Madrone Investment Advisory, LLC reports these compensation arrangements: fixed fees (other than subscription fees).
How much does Madrone Investment Advisory, LLC charge?
Its Form ADV Part 2A brochure dated March 24, 2026 states: Flat fee: $6,000 a year (fiduciary investment management services to qualified retirement plans…). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Madrone Investment Advisory, LLC located?
Madrone Investment Advisory, LLC's principal office is in San Rafael, CA, according to its Form ADV.
Is Madrone Investment Advisory, LLC registered with the SEC or a state?
Madrone Investment Advisory, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 149549.
How much does Madrone Investment Advisory, LLC manage?
Madrone Investment Advisory, LLC reports $254,318,050 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (4% discretionary).
How have Madrone Investment Advisory, LLC's assets and staff changed since 2021?
In the Form ADV data for Madrone Investment Advisory, LLC: Regulatory assets under management: $150,900,000 in the October 2021 data and $254,318,050 in the October 2026 data, up 69%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Madrone Investment Advisory, LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (59); individuals (other than high net worth individuals) (52); corporations or other businesses not listed above (4).
Which custodians does Madrone Investment Advisory, LLC use?
Madrone Investment Advisory, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Newport Trust Company and The Vanguard Group as custodians holding 10% or more of its separately managed account assets.
Does Madrone Investment Advisory, LLC report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/149549
Does Madrone Investment Advisory, LLC state an account minimum?
Its Form ADV Part 2A brochure dated March 24, 2026 says: "Madrone does not require a minimum balance to open an account."
What changed in Madrone Investment Advisory, LLC's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $226,085,081 to $254,318,050 (+12%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: None
The brochure's wording
Madrone does not require a minimum balance to open an account.
Flat fee: $6,000 a year (fiduciary investment management services to qualified retirement plans…)
The brochure's wording
based on a flat annual dollar fee. For ERISA accounts of less than $2M in value, the annual fee is $6,000.
As stated in the firm's Form ADV Part 2A brochure dated March 24, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$254,318,050 as of October 2026, filing dated March 24, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (5 years)
- Employees
- Total: 1. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $254,318,050 | 1 | March 24, 2026 |
| October 2025 | $226,085,081 | 1 | March 24, 2025 |
| October 2024 | $200,754,000 | 1 | March 21, 2024 |
| October 2023 | $170,457,431 | 1 | July 12, 2023 |
| October 2022 | $166,314,838 | 1 | March 7, 2022 |
| October 2021 | $150,900,000 | 1 | July 28, 2021 |
Regulatory assets under management: $150,900,000 in the October 2021 data and $254,318,050 in the October 2026 data, up 69%.
Total employees: 1 in October 2021 and 1 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $226,085,081 to $254,318,050 (+12%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Madrone Investment Advisory, LLC (CRD 149549): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/madrone-investment-advisory-llc-san-rafael-ca-149549