# Munakata Associates LLC

> Munakata Associates LLC is an SEC-registered investment advisory firm, registered since 2018, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated February 12, 2026.

- CRD: 287936
- Filed as: MUNAKATA ASSOCIATES LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: February 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/287936
- AdvisorCensus page: https://advisorcensus.com/firm/munakata-associates-llc-287936

## Quick answers

**How is Munakata Associates LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Munakata Associates LLC reports these compensation arrangements: a percentage of assets under its management.

**Is Munakata Associates LLC registered with the SEC or a state?**
Munakata Associates LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 287936.

**How much does Munakata Associates LLC manage?**
Munakata Associates LLC reports $59,224,254 in regulatory assets under management in its Form ADV filing dated February 12, 2026 (100% discretionary).

**How have Munakata Associates LLC's assets and staff changed since 2021?**
In the Form ADV data for Munakata Associates LLC: Regulatory assets under management: $41,785,929 in the October 2021 data and $59,224,254 in the October 2026 data, up 42%. 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 Munakata Associates LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (5); other (1).

**Which custodians does Munakata Associates LLC use?**
Munakata Associates LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Financial Services Inc. as custodians holding 10% or more of its separately managed account assets.

**Does Munakata Associates LLC report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation) and 11.C(4) (SEC or CFTC order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/287936

**Does Munakata Associates LLC state an account minimum?**
Its Form ADV Part 2A brochure dated February 12, 2026 says: "No minimum dollar value of assets is required for opening or maintaining an account."

**What changed in Munakata Associates LLC's recent Form ADV filings?**
In the December 2025 filing data: Item 11 disclosure answers changed: 2 yes answers, previously 0 (now yes: 11.C(2), 11.C(4)). Regulatory assets under management went from $64,262,263 to $56,071,285 (-13%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated February 12, 2026)

- Account minimum: None

> No minimum dollar value of assets is required for opening or maintaining an account.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Merrill Lynch, Pierce, Fenner & Smith Incorporated
- UBS Financial Services Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $59,224,254
- Discretionary: $59,224,254
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Not reported | $0 |
| High net worth individuals | 5 | $50,219,827 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Not reported | $0 |
| Charitable organizations | Not reported | $0 |
| State or municipal government entities (including government pension plans) | Not reported | $0 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | Not reported | $0 |
| Other | 1 | $9,004,427 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Other

### Firm details
- Registered since: 2018 (8 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/287936

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $41,785,929 | 1 | February 2, 2021 |
| October 2022 | $49,919,279 | 1 | February 28, 2022 |
| October 2023 | $39,991,000 | 1 | March 15, 2023 |
| October 2024 | $45,928,770 | 1 | March 6, 2024 |
| October 2025 | $64,262,263 | 1 | February 21, 2025 |
| October 2026 | $59,224,254 | 1 | February 12, 2026 |

Regulatory assets under management: $41,785,929 in the October 2021 data and $59,224,254 in the October 2026 data, up 42%.
Total employees: 1 in October 2021 and 1 in October 2026.

## Changes in the filing (last 12 months)

### December 2025
- Item 11 disclosure answers changed: 2 yes answers, previously 0 (now yes: 11.C(2), 11.C(4)).
- Regulatory assets under management went from $64,262,263 to $56,071,285 (-13%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Munakata Associates LLC (CRD 287936): Form ADV filing data as of October 2026.