MENLO ADVISORS LLC

CRD 122721File 801-61504

APPROVED

Retail clients

Custody

Filing as of Mar 31, 2026

Feed vintage Aug 17, 2026

Regulatory AUM

$369.7M

Below cohort median (national)

Discretionary AUM

$369.7M

Clients

100 accounts

Employees

Below cohort median in CA

Identity & registration

ADV Item 1

Organization form: Limited Liability Company
Firm type: Registered
SEC region: SFRO
Registration date: Oct 11, 2002
Principal office: 659 OAK GROVE AVENUE, SUITE 207, MENLO PARK, CA, 94025
Phone: 650-688-0300
Website: HTTP://WWW.MENLOADVISORS.ORG

Assets & accounts

ADV Item 5F

Total regulatory AUM: $369.7M
Discretionary AUM: $369.7M
Non-discretionary AUM: $0
Discretionary accounts: 100
Non-discretionary accounts: 0
Total accounts: 100
AUM per client: $9.2M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Charitable organizations	Fewer than 5	$20.4M
High net worth individuals	27	$337.6M
Pooled investment vehicles	1	$9.6M
Individuals (other than high net worth individuals)	12	$2.2M

Compensation & activities

ADV Items 5E, 5G

Compensation

Other
Hourly charges
Other (described) — MINIMUM FEE
Performance-based fees
A percentage of assets under your management

Advisory activities

Selection of other advisers
Portfolio management for pooled investment vehicles
Portfolio management for individuals and/or small businesses

Custody

ADV Item 9

Firm Custody Cash: Yes
Firm Custody Assets: No
Firm Custody Clients: No
Firm Custody Securities: No
Related Person Custody Cash: No
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: Yes

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

Date	Field	From	To
Aug 12, 2026	Registration	—	APPROVED

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.