Cantor Fitzgerald Investment Advisors, L.P.
SEC-registered
Mutual Fund / Asset Manager · Mid-sized ($1B–$10B)
CRD 159296
· SEC file 801-72852
· New York, NY
· WWW.CANTOR.COM
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ADV data as of Jul 15, 2026
- Regulatory AUM
- $3.2B
- Discretionary
- $3.2B
- Clients
- 1,295
- Avg AUM / client
- $2.5M
- Accounts
- 1,302
- Employees
- 35
AUM over time
$0
$4.4B
Nov 2011
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 15, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 592 | $188M | 5.79% |
| High net worth individuals | 625 | $1.1B | 35.3% |
| Investment companies | 6 | $1.7B | 51.8% |
| Pooled investment vehicles (non-investment companies) | 3 | $115M | 3.54% |
| Pension and profit sharing plans | 10 | $21.8M | 0.67% |
| Charitable organizations | 35 | $46.0M | 1.42% |
| Corporations and other businesses | 24 | $47.2M | 1.46% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $19.6M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Cantor Realty Fund Iii, L.P. | Other Private Fund | Delaware | $19.6M | 10 |
People (39)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Lutnick, Howard, William | Sole Trustee | May 2009 (17y) | ≈ 10.55% – 50% via Howard W. Lutnick Personal Asset Trust | |
| Merkel, Stephen, Marcus | General Counsel And Secretary | Feb 2010 (17y) | Less than 5% | |
| Morgan, Herbert, William | Sr Managing Director | Feb 2017 (10y) | Less than 5% | |
| Walter Desmond Karle | Chief Compliance Officer | CFP | Aug 2018 (8y) | Less than 5% |
| Kaplan, Mark, Elliot | Chief Executive Officer | Jan 2019 (8y) | Less than 5% | |
| Paulson, Kenneth, Michael | Chief Financial Officer | Jan 2020 (7y) | Less than 5% | |
| John Thomas Bruce | Sr Managing Director | CFA | Jun 2021 (5y) | Less than 5% |
| Ferri, William, Joseph | Global Head Of Asset Management | Jun 2022 (4y) | Less than 5% | |
| Millard, Michael, Gerard | Executive Vice President | Jul 2022 (4y) | Less than 5% | |
| Cody Daniel Rominger | Registered representative | Mar 2017 (9y) | ||
| Glenn Ambach | Registered representative | CFA | Mar 2017 (9y) | |
| Joseph Scott Morrell | Registered representative | CFA | Jul 2021 (5y) | |
| Norman Delmas Darden | Registered representative | CFA | Jul 2021 (5y) | |
| David Jarrell Marshall | Registered representative | CFA | Jul 2021 (5y) | |
| Peter Benjamin Levin | Registered representative | Jul 2021 (5y) | ||
| Christopher David Yost | Registered representative | Mar 2022 (4y) | ||
| Jacob Todd Reinhart | Registered representative | May 2022 (4y) | ||
| Jesse Fernando Moreno | Registered representative | CFP | Jun 2022 (4y) | |
| Robert Burke | Registered representative | Jun 2022 (4y) | ||
| John Mellott Bacigalupi | Registered representative | Nov 2022 (4y) | ||
| Tiffany Orcutt | Registered representative | Feb 2023 (3y) | ||
| Jeffrey Scott Kinney | Registered representative | May 2023 (3y) | ||
| Thomas Howard Salotti | Registered representative | Jun 2023 (3y) | ||
| Joshua Logan Abercrombie | Registered representative | Jul 2023 (3y) | ||
| Jason Daniel Hayes | Registered representative | Jul 2023 (3y) | ||
| Timothy Allan Collier | Registered representative | Nov 2023 (3y) | ||
| Taylor Leete Hogarth | Registered representative | Jan 2024 (3y) | ||
| Andrew Thomas Shields | Registered representative | Mar 2025 (1y) | ||
| Ethan Kaufman | Registered representative | Jul 2025 (1y) | ||
| Todd Forgione | Registered representative | Dec 2025 (1y) | ||
| Spencer Morgan | Registered representative | Mar 2026 (0y) | ||
| Gregory Watson Ferguson | Registered representative | Apr 2026 (0y) | ||
| Noah David Mussman | Registered representative | May 2026 (0y) | ||
| Dennis Mikhno | Registered representative | Jun 2026 (0y) | ||
| Christopher Martin Zogg | Registered representative | CFA | Jul 2026 (0y) | |
| Eivind Olsen | Registered representative | CFA | Jul 2026 (0y) | |
| John David Brim | Registered representative | CFA | Jul 2026 (0y) | |
| Owen Burns | Registered representative | Jul 2026 (0y) | ||
| William Ketterer | Registered representative | CFA | Jul 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Cantor Fitzgerald Investment Advisors Holdings, Llc | Managing Partner | Feb 2010 | A | 75% or more |
| Cantor Fitzgerald, L.P. | Member | Jun 2005 | B | ≈ 56.25% – 100% via Cantor Fitzgerald Investment Advisors Holdings, Llc |
| Howard W. Lutnick Revocable Trust | Shareholder | Nov 2011 | B | 75% or more of Cf Group Management, Inc. (indirect) |
| Howard W. Lutnick Personal Asset Trust | Limited Partner | Nov 2011 | B | ≈ 14.06% – 50% via Cantor Fitzgerald, L.P. |
| Cf Group Management, Inc. | Managing General Partner | Jan 2010 | B | GP / trustee / elected manager of Cantor Fitzgerald, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Lutnick, Howard, William: 75% – 100% of Howard W. Lutnick Personal Asset Trust × 25% – 50% of Cantor Fitzgerald, L.P. × 75% – 100% of Cantor Fitzgerald Investment Advisors Holdings, Llc × 75% – 100% direct ≈ 10.55% – 50% of the firm
- Cantor Fitzgerald, L.P.: 75% – 100% of Cantor Fitzgerald Investment Advisors Holdings, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Howard W. Lutnick Personal Asset Trust: 25% – 50% of Cantor Fitzgerald, L.P. × 75% – 100% of Cantor Fitzgerald Investment Advisors Holdings, Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $19.6M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Cantor Realty Fund Iii, L.P. | Other Private Fund | $19.6M | $100K | 10 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/15/2026 | 1.7 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
- • Performance-based fees
- • Other fees
- • ASSETS UNDER A RESEARCH PROVIDER ARRANGEMENT
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Charles Schwab & Co. $932M (29% of AUM) Jul 2026
- Truist Investment Services, Inc. $204M (6% of AUM) Jul 2026
- Merrill Lynch $204M (9% of AUM) Jan 2024
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 15, 2026.
View current Form ADV (SEC/IAPD) ↗