{ "crd_number": 141359, "slug": "merit-financial-partners-llc-maspeth-ny-141359", "primary_business_name": "MERIT FINANCIAL PARTNERS LLC", "legal_name": "MERIT FINANCIAL PARTNERS LLC", "dbas": [], "city": "Maspeth", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2017-09-29", "years_registered": 9, "period": "2026-10-01", "filing_date": "2026-03-09", "carried_forward": false, "raum_total": 308243623.0, "raum_discretionary": 308243623.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 5, "advisory_employees": 5, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "other": { "raum": null, "count": 0 }, "charitable": { "raum": 1084853.0, "count": 4, "fewer_than_5": true }, "individuals": { "raum": 47885874.0, "count": 93 }, "banking_thrift": { "raum": null, "count": 0 }, "state_municipal": { "raum": null, "count": 0 }, "insurance_companies": { "raum": null, "count": 0 }, "investment_companies": { "raum": null, "count": 0 }, "pension_profit_sharing": { "raum": 0.0, "count": 0 }, "other_investment_advisers": { "raum": null, "count": 0 }, "high_net_worth_individuals": { "raum": 259272896.0, "count": 100 }, "pooled_investment_vehicles": { "raum": null, "count": 0 }, "corporations_other_businesses": { "raum": null, "count": 0 }, "business_development_companies": { "raum": null, "count": 0 }, "sovereign_wealth_foreign_official": { "raum": null, "count": 0 } }, "compensation_types": [ "fixed", "hourly", "other", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CT", "FL", "NH", "NJ", "NY", "PA", "TX" ], "websites": [ "https://linkedin.com/company/merit-financial-partners-llc", "https://meritfinancialpartners.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/141359", "city_as_filed": "MASPETH", "url": "https://advisorcensus.com/firm/merit-financial-partners-llc-maspeth-ny-141359", "display_name": "Merit Financial Partners LLC", "summary": "Merit Financial Partners LLC is an SEC-registered investment advisory firm in Maspeth, NY, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 9, 2026.", "citation": "AdvisorCensus. Merit Financial Partners LLC (CRD 141359): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)", "Other" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses" ], "quick_answers": [ { "q": "How is Merit Financial Partners LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Merit Financial Partners LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other." }, { "q": "How much does Merit Financial Partners LLC charge?", "a": "Its Form ADV Part 2A brochure dated March 3, 2026 states: Asset-based fee: up to 0.75% of assets a year (the maximum the brochure states); Hourly rate: $475 an hour (financial planning services); Hourly rate: $550 an hour (Tax Preparation Services). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Merit Financial Partners LLC located?", "a": "Merit Financial Partners LLC's principal office is in Maspeth, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Merit Financial Partners LLC registered with the SEC or a state?", "a": "Merit Financial Partners LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 141359." }, { "q": "How much does Merit Financial Partners LLC manage?", "a": "Merit Financial Partners LLC reports $308,243,623 in regulatory assets under management in its Form ADV filing dated March 9, 2026 (100% discretionary)." }, { "q": "How have Merit Financial Partners LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Merit Financial Partners LLC: Regulatory assets under management: $149,723,851 in the October 2021 data and $308,243,623 in the October 2026 data, up 106%. Total employees: 4 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Merit Financial Partners LLC serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (100); individuals (other than high net worth individuals) (93); charitable organizations (4)." }, { "q": "Which custodians does Merit Financial Partners LLC use?", "a": "Merit Financial Partners LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Merit Financial Partners LLC report any disciplinary disclosures?", "a": "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/141359" }, { "q": "What changed in Merit Financial Partners LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 6 to 5." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 149723851.0, "total_employees": 4, "filing_date": "2021-04-27" }, { "period": "2022-10-01", "regulatory_assets_under_management": 203923433.0, "total_employees": 5, "filing_date": "2022-08-05" }, { "period": "2023-10-01", "regulatory_assets_under_management": 200757534.0, "total_employees": 5, "filing_date": "2023-02-17" }, { "period": "2024-10-01", "regulatory_assets_under_management": 257078893.0, "total_employees": 6, "filing_date": "2024-05-03" }, { "period": "2025-10-01", "regulatory_assets_under_management": 313829332.0, "total_employees": 6, "filing_date": "2025-03-25" }, { "period": "2026-10-01", "regulatory_assets_under_management": 308243623.0, "total_employees": 5, "filing_date": "2026-03-09" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 6 to 5." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 3, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": "0.75% of assets a year", "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [ "Hourly rate: $475 an hour (financial planning services)", "Hourly rate: $550 an hour (Tax Preparation Services)" ], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: up to 0.75% of assets a year (the maximum the brochure states)" ], "quotes": [ "Our management fee is up to 0.75% annually, billed quarterly in arrears based on the Client’s account(s) value as of the last business day of each quarter. Fees are negoUable." ] }, { "label": "Planning fee", "statements": [ "Hourly rate: $475 an hour (financial planning services)" ], "quotes": [ "Our hourly financial planning fee is $475 per hour." ] }, { "label": "Planning fee", "statements": [ "Hourly rate: $550 an hour (Tax Preparation Services)" ], "quotes": [ "Tax PreparaUon Services fees are charged at our hourly rate of $550 per hour." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": 0.75, "account_minimum": null, "minimum_annual_fee": null, "planning": [ { "kind": "hourly", "amount": 475.0, "min": null, "max": null, "period": "hour", "service": "financial planning services" }, { "kind": "hourly", "amount": 550.0, "min": null, "max": null, "period": "hour", "service": "Tax Preparation Services" } ] }, "quotes": [ "Our management fee is up to 0.75% annually, billed quarterly in arrears based on the Client’s account(s) value as of the last business day of each quarter. Fees are negoUable.", "Our hourly financial planning fee is $475 per hour.", "Tax PreparaUon Services fees are charged at our hourly rate of $550 per hour." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/merit-financial-partners-llc-maspeth-ny-141359.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 93, "fewer_than_5": false, "raum": 47885874.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 100, "fewer_than_5": false, "raum": 259272896.0 }, { "type": "banking_thrift", "label": "Banking or thrift institutions", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "investment_companies", "label": "Investment companies", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "business_development_companies", "label": "Business development companies", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 4, "fewer_than_5": true, "raum": 1084853.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "insurance_companies", "label": "Insurance companies", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "sovereign_wealth_foreign_official", "label": "Sovereign wealth funds and foreign official institutions", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "other", "label": "Other", "count": 0, "fewer_than_5": false, "raum": null } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/141359", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }