# Merchant Banking Advisors, Inc.

> Merchant Banking Advisors, Inc. is a state-registered investment advisory firm, registered since 2019, with no regulatory assets under management reported in its Form ADV filing dated February 3, 2026.

- CRD: 299733
- Filed as: MERCHANT BANKING ADVISORS, INC.
- Legal name: Jonathan Richardson
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Registered in Puerto Rico
- Filing period: October 2026
- Form ADV filing dated: February 3, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/299733
- AdvisorCensus page: https://advisorcensus.com/firm/merchant-banking-advisors-inc-299733

## Quick answers

**How is Merchant Banking Advisors, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Merchant Banking Advisors, Inc. reports these compensation arrangements: commissions.

**Is Merchant Banking Advisors, Inc. registered with the SEC or a state?**
Merchant Banking Advisors, Inc. is a state-registered investment advisory firm, registered since 2019. Status as filed: APPROVED. CRD 299733.

**Does Merchant Banking Advisors, Inc. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/299733

## From the Form ADV filing

### Compensation (Item 5.E)
- Commissions

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Corporations or other businesses not listed above | Fewer than 5 | $0 |

### Advisory services (Item 5.G)
- Other

### Firm details
- Registered since: 2019 (7 years)
- Employees: 0 total, 0 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: PR
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mba-puertorico.com
- merchantbankingadvisor.com

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Merchant Banking Advisors, Inc. (CRD 299733): Form ADV filing data as of October 2026.