AdvisorCensus / Financial advisors / New York / New York / Moneylion
Moneylion is an SEC-registered investment advisory firm in New York, NY, registered since 2017, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.
Quick answers
From the filingHow is Moneylion compensated?
On its Form ADV (Item 5.E, October 2026), Moneylion reports these compensation arrangements: other.
Where is Moneylion located?
Moneylion's principal office is in New York, NY, according to its Form ADV.
Is Moneylion registered with the SEC or a state?
Moneylion is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 289521.
How much does Moneylion manage?
Moneylion reports $12,365,554 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (96% discretionary).
How have Moneylion's assets and staff changed since 2021?
In the Form ADV data for Moneylion: Regulatory assets under management: $16,697,847 in the October 2021 data and $12,365,554 in the October 2026 data, down 26%. Total employees: 11 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Moneylion serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (732,776).
Which custodians does Moneylion use?
Moneylion's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Drivewealth, LLC as a custodian holding 10% or more of its separately managed account assets.
Does Moneylion 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/289521
What changed in Moneylion's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 1 to 0.
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- Other
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 2AThe brochure lists different fees for different services or strategies. See the firm's brochure (dated March 30, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$12,365,554 as of October 2026, filing dated March 30, 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- Portfolio management for individuals and/or small businesses
- Publication of periodicals or newsletters
Registration and firm details
Items 1, 2, 5- Legal name
- ML Wealth LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2017 (9 years)
- Employees
- Total: 13. Performing investment advisory functions: 0.
- 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
-
53 states or jurisdictions
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 | $12,365,554 | 13 | March 30, 2026 |
| October 2025 | $11,243,928 | 14 | May 15, 2025 |
| October 2024 | $10,575,730 | 11 | August 8, 2024 |
| October 2023 | $10,760,450 | 12 | March 30, 2023 |
| October 2022 | $13,797,068 | 12 | June 13, 2022 |
| October 2021 | $16,697,847 | 11 | June 1, 2021 |
Regulatory assets under management: $16,697,847 in the October 2021 data and $12,365,554 in the October 2026 data, down 26%.
Total employees: 11 in October 2021 and 13 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
- Employees performing advisory functions went from 1 to 0.
- January 2026
- Updated its list of owners and control persons (Schedule A).
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. Moneylion (CRD 289521): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/moneylion-new-york-ny-289521