Proof

Not reported.

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

Not reported.

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

Not reported.

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

Not reported.

Legal name

Proof Management, LLC

Also doing business as

PROOF FFT MASTER II, LLC (RELYING ADVISER), PROOF FFT MASTER III, LLC (RELYING ADVISER), PROOF FFT MASTER IV, LLC (RELYING ADVISER), PROOF GP II, LLC (RELYING ADVISER), PROOF GP III, LLC (RELYING ADVISER), PROOF GP IV, LLC (RELYING ADVISER), PROOF GP, LLC (RELYING ADVISER), PROOF MASTER I, LLC (RELYING ADVISER), PROOF MASTER II, LLC (RELYING ADVISER), PROOF MASTER III, LLC (RELYING ADVISER), PROOF MASTER IV, LLC (RELYING ADVISER)

Reporting status

Exempt reporting adviser. Status as filed: ERA - Active.

Reporting since

2016 (9 years)

Employees

Total: Not reported. Performing investment advisory functions: Not reported.

Wrap fee program participation

Not reported.

States registered or notice-filed

Not reported.

Exempt reporting advisers file a shorter form and are examined by no regulator on a routine schedule. SEC, state, and exempt registration

None 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

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.

1. April 2026
   • Added the business name Proof FFT Master IV, LLC (relying Adviser).
   • Added the business name Proof Master IV, LLC (relying Adviser).
2. February 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.