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MENLO ADVISORS LLC
CRD 122721File 801-61504
APPROVED
Retail clients
Custody
Filing as of Mar 31, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$369.7M
Below cohort median (national)
Discretionary AUM
$369.7M
Clients
40
100 accounts
Employees
2
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, 5GCompensation
- 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 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 3 | 2 | decreased by1 |
| Apr 1, 2026 | Clients | 43 | 40 | decreased by3 |
| Apr 1, 2026 | AUM | $318,427,315 | $369,717,504 | increased by$51,290,189 |
| Apr 1, 2026 | Accounts | 98 | 100 | increased by2 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 49 | 43 | decreased by6 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $322,506,220 | $318,427,315 | decreased by$4,078,905 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 124 | 98 | decreased by26 |
| Apr 1, 2022 | Employees | 4 | 3 | decreased by1 |
| Apr 1, 2022 | Clients | 53 | 49 | decreased by4 |
| Apr 1, 2022 | AUM | $272,831,343 | $322,506,220 | increased by$49,674,877 |
| Apr 1, 2022 | Accounts | 121 | 124 | increased by3 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “MENLO ADVISORS” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“MENLO ADVISORS” may also match similarly-named firms). Confirm identity against each filing.
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.