# Merchants Investment Partners, LLC

> Merchants Investment Partners, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 10, 2026.

- CRD: 314794
- Filed as: MERCHANTS INVESTMENT PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: June 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/314794
- AdvisorCensus page: https://advisorcensus.com/firm/merchants-investment-partners-llc-new-york-ny-314794

## Quick answers

**How is Merchants Investment Partners, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Merchants Investment Partners, LLC reports these compensation arrangements: other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Merchants Investment Partners, LLC located?**
Merchants Investment Partners, LLC's principal office is in New York, NY, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Merchants Investment Partners, LLC registered with the SEC or a state?**
Merchants Investment Partners, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 314794.

**How much does Merchants Investment Partners, LLC manage?**
Merchants Investment Partners, LLC reports $607,898,122 in regulatory assets under management in its Form ADV filing dated June 10, 2026 (100% discretionary).

**How have Merchants Investment Partners, LLC's assets and staff changed since 2021?**
In the Form ADV data for Merchants Investment Partners, LLC: Regulatory assets under management: $352,427,985 in the October 2022 data and $607,898,122 in the October 2026 data, up 72%. Total employees: 3 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Merchants Investment Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Merchants Investment Partners, 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/314794

**What changed in Merchants Investment Partners, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 8 to 10. Regulatory assets under management went from $711,237,025 to $607,898,122 (-15%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $607,898,122
- Discretionary: $607,898,122
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $607,898,122 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 11 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Carmel, IN

### Websites listed on Form ADV (Item 1.I)
- [merchantsip.com](https://merchantsip.com)
- LinkedIn @merchants-investment-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | 3 | June 4, 2021 |
| October 2022 | $352,427,985 | 4 | June 15, 2022 |
| October 2023 | $954,598,531 | 6 | March 20, 2023 |
| October 2024 | $882,467,171 | 8 | March 18, 2024 |
| October 2025 | $711,237,025 | 8 | March 31, 2025 |
| October 2026 | $607,898,122 | 11 | June 10, 2026 |

Regulatory assets under management: $352,427,985 in the October 2022 data and $607,898,122 in the October 2026 data, up 72%.
Total employees: 3 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 8 to 10.
- Regulatory assets under management went from $711,237,025 to $607,898,122 (-15%).

### February 2026
- Changed its legal name from Merchants Asset Management LLC to Merchants Investment Partners, LLC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Merchants Investment Partners, LLC (CRD 314794): Form ADV filing data as of October 2026.