Private fund adviser · SAN Francisco, CA
Meritage Group LP
SEC-registered investment adviser · CRD 142622 · SEC 801-67394
At a glance
Meritage Group LP is an SEC-registered investment adviser based in SAN Francisco, California, with $14.1 billion in regulatory assets under management as of its Form ADV filed July 7, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 476th of 4,686 private fund advisers and 1,083rd of 17,210 SEC-registered advisers by assets.
Main office 415-399-5330meritagegroup.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $14B
- Rank among private fund advisers
- #476 of 4,686
- Rank among all SEC RIAs
- #1,083 of 17,210
- Rank in California
- #113 of 1,873
- Clients
- 12
- Accounts
- 12
- Discretionary
- 100% of AUM
- Employees
- 55
- Advisory staff
- 27
- Offices
- 9
Owners and executives on its Form ADV
- Nathaniel H. SimonsChairman/senior Managing Director of General Partner
- Laura J. Baxter-SimonsGeneral Counsel/compliance Officer/senior Managing Director of General Partner
- Alex R. MagaroCo-President/senior Managing Director of General Partner
- Arif A. MawjiCo-President/senior Managing Director of General Partner
- Travis K. JordanChief Financial Officer of General Partner
- Kevin M. TagamiManaging Director/chief Legal Officer of General Partner
- Nicholas J. MullenChief Compliance Officer of General Partner
Custody and brokerage
Custodian
Meritage Group LP’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
Meritage Group LP is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 12 | $14B | 100% |
Private funds
Meritage Group LP reports 9 private funds with $21B in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Meritage Group LP reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗meritagegroup.com ↗
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The full record on Meritage Group LP
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 845 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 1Locked
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Background
Questions
How much does Meritage Group LP manage?
Meritage Group LP reports $14.1 billion in regulatory assets under management across 12 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 7, 2026.
What kind of firm is Meritage Group LP?
Meritage Group LP is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Meritage Group LP’s clients?
By assets, its largest client types are pooled investment vehicles ($14.1 billion, 12 clients).
Does Meritage Group LP manage private funds?
Yes. It reports 9 private funds with $20.9 billion in gross assets, including hedge funds.
Does Meritage Group LP have any disciplinary history?
Meritage Group LP reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Meritage Group LP’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-07), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →