# Syntheticfi LLC

> Syntheticfi LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2024, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 17, 2026.

- CRD: 330200
- Filed as: SYNTHETICFI LLC
- Also doing business as: SYNTHETIC FINANCIAL, SYNTHETICFI
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: April 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/330200
- AdvisorCensus page: https://advisorcensus.com/firm/syntheticfi-llc-san-francisco-ca-330200

## Quick answers

**How is Syntheticfi LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Syntheticfi LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Syntheticfi LLC located?**
Syntheticfi LLC's principal office is in San Francisco, CA, according to its Form ADV.

**Is Syntheticfi LLC registered with the SEC or a state?**
Syntheticfi LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 330200.

**How much does Syntheticfi LLC manage?**
Syntheticfi LLC reports $992,895,205 in regulatory assets under management in its Form ADV filing dated April 17, 2026 (100% discretionary).

**How have Syntheticfi LLC's assets and staff changed since 2024?**
In the Form ADV data for Syntheticfi LLC: Regulatory assets under management: $0 in the October 2024 data and $992,895,205 in the October 2026 data. Total employees: 2 in October 2024 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Syntheticfi LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (624).

**Which custodians does Syntheticfi LLC use?**
Syntheticfi LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Interactive Brokers LLC and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Syntheticfi 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/330200

**What changed in Syntheticfi LLC's recent Form ADV filings?**
In the May 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Interactive Brokers LLC
- National Financial Services LLC

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: $992,895,205
- Discretionary: $992,895,205
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 624 | $992,895,205 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2024 (2 years)
- Employees: 10 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AR, AZ, CA, CO, CT, DE, FL, GA, IA, IL, IN, KY, MA, MD, ME, MN, MO, MS, NC, NE, NJ, NV, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- syntheticfi.com
- LinkedIn @syntheticfi

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $0 | 2 | June 14, 2024 |
| October 2025 | $153,208,408 | 2 | March 11, 2025 |
| October 2026 | $992,895,205 | 10 | April 17, 2026 |

Regulatory assets under management: $0 in the October 2024 data and $992,895,205 in the October 2026 data.
Total employees: 2 in October 2024 and 10 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $153,208,408 to $992,895,205 (+548%).
- Employees performing advisory functions went from 2 to 7.
- No longer lists the business name Carton.
- No longer lists the business name Carton Wealth.
- Registered or notice-filed in AR, CT, IA, IL, IN, MD, MN, MO, NE, OK, SC, TN, WA.

### January 2026
- Registered or notice-filed in ME.

### December 2025
- Registered or notice-filed in CO, DE, GA, KY, MA, MS, NV, OH, OR, PA, WI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Syntheticfi LLC (CRD 330200): Form ADV filing data as of October 2026.