MC on NYSE

Moelis & Company

Logo: Moelis, Public domain, via Wikimedia Commons5

Global independent investment bank

Moelis & Company is a global investment bank that provides financial advisory services to corporations, governments, and financial sponsors. The firm advises on strategic decisions such as mergers and acquisitions, recapitalizations and restructurings and other corporate finance matters. Moelis has advised on more than $4 trillion in transactions since its inception.3 It was founded by Navid Mahmoodzadegan, Jeffrey Raich, Kate Pilcher Ciafone and Ken Moelis.1 It is headquartered in New York.1 Its shares trade on NYSE under the symbol MC.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$259.6MNet income, fiscal 20256
2007Founded1

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  • TickerMC on NYSE1
  • Industryfinancial services, investment banking1
  • HeadquartersNew York1
  • Websitewww.moelis.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address399 Park Avenue, 5Th Floor, New York, Ny 100227
  • Filer categoryLarge accelerated filer7
  • LEI549300891QNU7VTQUR834
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O Corporation Service Company, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 54638264
399park
Photo: Americasroof, CC BY 3.0, via Wikimedia Commons10

Moelis & Company is a global investment bank that provides financial advisory services to corporations, governments, and financial sponsors. The firm advises on strategic decisions such as mergers and acquisitions, recapitalizations and restructurings and other corporate finance matters. Moelis has advised on more than $4 trillion in transactions since its inception.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

45.7%Return on equity6
$540.0MFree cash flow6

Financial statements

Operating income11121314156$273.9M in 2025+21% since 2018
-$200.0M0$200.0M$400.0M$600.0M2018: $226.8M$226.8M20182019: $114.5M$114.5M2019−49%2020: $265.7M$265.7M2020+132%2021: $495.9M$495.9M2021+87%2022: $216.1M$216.1M2022−56%2023: -$40.4M-$40.4M20232024: $172.9M$172.9M20242025: $273.9M$273.9M2025+58%
Net income11121314156$259.6M in 2025+25% since 2018
-$200.0M0$200.0M$400.0M$600.0M2018: $208.0M$208.0M20182019: $135.7M$135.7M2019−35%2020: $218.4M$218.4M2020+61%2021: $423.0M$423.0M2021+94%2022: $168.7M$168.7M2022−60%2023: -$27.5M-$27.5M20232024: $151.5M$151.5M20242025: $259.6M$259.6M2025+71%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Revenues$1.5B$1.2B$854.7M
Compensation and benefits$1.0B$830.2M$714.7M
Occupancy$35.2M$29.9M$28.6M
Professional fees$29.8M$27.1M$32.8M
Communication, technology and information services$56.9M$50.6M$46.0M
Travel and related expenses$57.7M$40.1M$37.0M
Depreciation and amortization$11.9M$10.4M$8.3M
Other expenses$34.5M$33.4M$27.6M
Total expenses$1.2B$1.0B$895.1M
Operating income (loss)$273.9M$172.9M-$40.4M
Other income and (expenses)$53.6M$23.1M$11.2M
Income (loss) before income taxes$327.5M$196.0M-$29.1M
Provision (benefit) for income taxes$67.9M$44.5M-$1.6M
Net income (loss)$259.6M$151.5M-$27.5M
Net income (loss) attributable to noncontrolling interests$26.6M$15.5M-$2.8M
Net income (loss) attributable to Moelis & Company$233.0M$136.0M-$24.7M

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Corporate structure

Moelis & Company sits at the top of its group. 18 entities, 12 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Moelis & Company

  • Moelis & Company New York, New York, United States
    • Moelis & Company Europe B.V. 100% · Amsterdam, Netherlands
    • MOELIS & COMPANY INDIA PRIVATE LIMITED Mumbai, India
    • Rubicon Technologies, Inc. Stake · Lexington, Kentucky
    • Moelis & Company Asia Limited Subsidiary · China
    • Moelis & Company Assessoria Financeira Ltda. Subsidiary · Brazil
    • Moelis & Company Consulting (Beijing) Company Limited Subsidiary · China
    • Moelis & Company Europe Limited, Frankfurt am Main Branch Subsidiary · Germany
    • Moelis & Company Israel Ltd. Subsidiary · Israel
    • Moelis & Company London Limited Subsidiary · United Kingdom
    • Moelis & Company Netherlands B.V. Subsidiary · Netherlands
    • Moelis & Company Netherlands B.V. French Branch Subsidiary · France
    • Moelis & Company Netherlands B.V. Portugal Branch Subsidiary · Portugal
    • Moelis & Company Saudi Limited Subsidiary · Saudi Arabia
    • Moelis & Company UK Holdings B Limited Subsidiary · United Kingdom
    • Moelis & Company UK Holdings C Limited Subsidiary · United Kingdom
    • MOELIS & COMPANY UK LLP Subsidiary · London, United Kingdom
    • Moelis & Company UK LLP, DIFC Branch Subsidiary · United Arab Emirates

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What Moelis & Company reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$150.9M6 Dec 31, 2025$116.8M6 Dec 31, 2024+29.1%
Accumulated depreciation$61.1M6 Dec 31, 2025$51.4M6 Dec 31, 2024+18.9%
Property and equipment, net$89.8M6 Dec 31, 2025$65.5M6 Dec 31, 2024+37.2%
Operating-lease assets (leased space)$216.9M6 Dec 31, 2025$180.4M6 Dec 31, 2024+20.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$508.6M6 Dec 31, 2025$412.5M6 Dec 31, 2024+23.3%

Properties, in its own words

Our principal executive offices are located in leased office space at 399 Park Avenue, New York, New York 10022. We lease the space for our offices in Amsterdam, Beijing, Boston, Chicago, Dubai, Frankfurt, Hong Kong, Houston, London, Los Angeles, Mumbai, Paris, Riyadh, San Francisco, São Paulo, Tel Aviv, Washington DC, and West Palm Beach. We do not own any real property. We consider these arrangements to be adequate for our present needs.

Item 2 of the 10-K filed Feb 26, 2026.21

The story

Founded by Jeffrey Raich, Kate Pilcher Ciafone, Ken Moelis and Navid Mahmoodzadegan in 2007.1

Founding and Early Years

Moelis was founded in July 2007 by Ken Moelis and partners including Navid Mahmoodzadegan and Jeffrey Raich. The firm opened in New York and Los Angeles, and expanded to six cities within two years.

Moelis became a top 10 ranked M&A advisor in the US in its first full year of operations, advising on transactions such as Anheuser-Busch's $61.2 billion sale to InBev, Yahoo's defense from Microsoft's $44.6 billion unsolicited proposal, and Hilton Hotels' $26.5 billion sale to The Blackstone Group.

In 2008, Moelis opened its restructuring practice with senior bankers in New York, Los Angeles, and London. Early restructuring mandates included the $29.6 billion reorganization of AMR Corp and its $17.0 billion merger with US Airways Group, the £1.5 billion recapitalization of the Co-operative Bank, and the €15.4 billion restructuring of Glitnir.

In August 2009, Moelis opened an office in Sydney, Australia which has since advised SABMiller on the $10.15 billion acquisition of Fosters Group, and Blackstone on the A$8.9bn acquisition of Crown Resorts Limited. It also advised a consortium including Deutsche Bank, KKR and Värde Partners on the A$8.2 billion acquisition of GE Capital Australia & New Zealand Consumer Finance, and advised Centro Properties on the A$4.3 billion restructuring and A$5.0 billion merger of Australian interests. Moelis Australia went public on the Australian Securities Exchange in 2017 and now operates as MA Financial Group under the stock ticker MAF.

The firm opened a Dubai office in January 2011 while advising the Government of Dubai on the $24.9 billion restructuring of its investment holding company, Dubai World. The firm also expanded into Asia by opening a Hong Kong office.

In January 2012, Moelis announced a strategic alliance agreement with the second largest Japanese bank, SMFG, and its subsidiary SMBC Nikko Securities. Together they have advised on significant cross-border M&A including Osaka Securities Exchange's ¥278.4 billion combination with the Tokyo Stock Exchange.

In March 2014, the firm expanded into South America, opening an office in São Paulo, Brazil.

In April 2014, the firm completed its initial public offering and began trading on the New York Stock Exchange. Moelis had advised on over $1 trillion in transactions by the time of its IPO.

Read the full text

Post-IPO

In June 2014, Moelis established a private funds advisory business (now renamed Private Capital Advisory) with four hires focusing on capital raising and advisory services.

In February 2015, the firm opened its Washington DC office, following the hire of Eric Cantor, Vice Chairman and former House Majority Leader. Co-founders Mahmoodzadegan and Raich were promoted to co-presidents in September of that year.

In February 2017, the company was appointed as a lead adviser for the planned initial public offering of Saudi Aramco, the “biggest equity advisory mandate in history.” The IPO was relisted in 2024 with Moelis & Company as advisor. In the Middle East, the company also worked with Dubai World, and Abraaj among others.

In April 2023, Moelis expanded its technology franchise and hired a team from Silicon Valley Bank, including a new Global Head of Technology Investment Banking. This doubled the number of bankers on its technology team.

Also in 2023, the company expanded their office in Brazil to 20 people in response to a pattern of debt-restructuring in the region, and worked with companies such as Oi SA.

On June 9, 2024, one of the firm's managing directors who led the business services sector, Jonathan Kaye, was filmed in Brooklyn punching a person in the face. The firm released a statement confirming the man in the video was one of their employees and that the company is conducting an investigation into the incident. Kaye was put on leave and subsequently resigned from the firm.

Notable transactions from this period also include the acquisition of Chelsea F.C., CK Hutchison’s merger with Three UK Group and Vodafone UK Group, and the sale of a minority stake in the New York Giants.

In June 2025, Ken Moelis announced that he would become the Executive Chairman of Moelis & Company, with Navid Mahmoodzadegan taking the role of CEO, effective October 1, 2025. Jeff Raich would become Executive Vice Chairman.

From Wikipedia’s article on Moelis & Company, shared under CC BY-SA 4.0.8

Leadership

Who has led Moelis & Company, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (20)

Products and brands

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Moelis & Company Asia Limited China9
  • Moelis & Company Assessoria Financeira Ltda. Brazil9
  • Moelis & Company Consulting (Beijing) Company Limited China9
  • Moelis & Company Europe B.V. Netherlands9
  • Moelis & Company Europe Limited United Kingdom9
  • Moelis & Company Europe Limited, Frankfurt am Main Branch Germany9
  • Moelis & Company India Private Limited India9
  • Moelis & Company Israel Ltd. Israel9
  • Moelis & Company London Limited United Kingdom9
  • Moelis & Company Netherlands B.V. Netherlands9
  • Moelis & Company Netherlands B.V. French Branch France9
  • Moelis & Company Netherlands B.V. Portugal Branch Portugal9
  • Moelis & Company Saudi Limited Saudi Arabia9
  • Moelis & Company UK Holdings B Limited United Kingdom9
  • Moelis & Company UK Holdings C Limited United Kingdom9
  • Moelis & Company UK LLP United Kingdom9
  • Moelis & Company UK LLP, DIFC Branch United Arab Emirates9

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 29, 20268-K Results of operations; Regulation FD disclosure46
  2. Jun 26, 20268-K Shareholder vote47
  3. Apr 29, 20268-K Results of operations; Regulation FD disclosure48
  4. Feb 11, 2026New chief executive Navid Mahmoodzadegan becomes CEO22
  5. Feb 4, 20268-K Results of operations; Regulation FD disclosure49
  6. Oct 29, 20258-K Results of operations; Regulation FD disclosure50
  7. Jul 24, 20258-K Results of operations; Regulation FD disclosure51
  8. Jul 1, 20258-K Executive or director change; Regulation FD disclosure52
  9. Jun 9, 20258-K Executive or director change; Regulation FD disclosure53
  10. Jun 6, 20258-K Shareholder vote54
  11. Apr 23, 20258-K Results of operations; Regulation FD disclosure55
  12. Feb 27, 20258-K Executive or director change; Regulation FD disclosure56
  13. Feb 10, 20258-K Executive or director change57
  14. Apr 16, 2014Went public Listed on NYSE1
  15. Apr 15, 2014New chief executive Ken Moelis becomes CEO23
  16. 2007Founded Founded1

Calendar

Coming up

  1. Nov 5, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.68 a share, on Oct 29, 2025.58

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results46
  2. Apr 29, 2026Reported quarterly or annual results48
  3. Feb 4, 2026Reported quarterly or annual results49
  4. Oct 29, 2025Reported quarterly or annual results50
  5. Jul 24, 2025Reported quarterly or annual results51
  6. Apr 23, 2025Reported quarterly or annual results55
  7. Feb 5, 2025Reported quarterly or annual results59
  8. Oct 23, 2024Reported quarterly or annual results60

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

518 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 34 major events, 364 insider forms, 27 large holders, 73 other. The latest 20:

  1. Sep 21, 20264 EDGAR
  2. Sep 21, 20264 EDGAR
  3. Sep 21, 20264 EDGAR
  4. Sep 21, 20264 EDGAR
  5. Sep 21, 20264 EDGAR
  6. Sep 21, 20264 EDGAR
  7. Sep 21, 20264 EDGAR
  8. Sep 21, 20264 EDGAR
  9. Sep 21, 20264 EDGAR
  10. Aug 31, 20264 EDGAR
  11. Aug 27, 2026144 EDGAR
  12. Aug 6, 20264 EDGAR
  13. Aug 4, 2026144 EDGAR
  14. Jul 30, 202610-Q EDGAR
  15. Jul 29, 20268-K EDGAR
  16. Jul 16, 2026SCHEDULE 13G/A EDGAR
  17. Jul 6, 20264 EDGAR
  18. Jul 6, 20264 EDGAR
  19. Jul 6, 20264 EDGAR
  20. Jul 6, 20264 EDGAR

The 518 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

83 open-market trades by officers, directors and large owners since October 2021: 0 buys and 83 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 27, 2026Shropshire KennethDirectorSale1,881$69.06$129.9KForm 4
Aug 4, 2026WATANABE OSAMU R.General Counsel, SecretarySale4,850$69.30$336.1KForm 4
Feb 19, 2026WATANABE OSAMU R.General Counsel, SecretarySale2,765$62.23$172.1KForm 4
Aug 22, 2025Shropshire KennethDirectorSale2,615$72.52$189.6KForm 4
Jul 25, 2025WATANABE OSAMU R.General Counsel, SecretarySale6,340$72.64$460.5KForm 4
Feb 21, 2025Shropshire KennethDirectorSale2,551$72.30$184.4KForm 4
Feb 19, 2025Pilcher Ciafone KatherineChief Operating OfficerSale3,515$74.00$260.1KForm 4
Feb 19, 2025Cantor EricVice Chairman, MDSale16,530$74.00$1.2MForm 4
Feb 19, 2025SIMON JOSEPHFormer Chief Financial OfficerSale5,758$74.00$426.1KForm 4
Feb 19, 2025MOELIS KENNETHExecutive ChairmanSale9,712$74.00$718.7KForm 4
Feb 19, 2025Callesano ChristopherChief Financial OfficerSale1,282$74.00$94.9KForm 4
Feb 19, 2025RAICH JEFFREYExecutive Vice Chairman, MDSale8,722$74.00$645.4KForm 4
Feb 19, 2025WATANABE OSAMU R.General Counsel, SecretarySale5,661$74.00$418.9KForm 4
Feb 19, 2025MAHMOODZADEGAN NAVIDChief Executive OfficerSale9,406$74.00$696.0KForm 4
Nov 7, 2024Callesano ChristopherChief Financial OfficerSale885$80.00$70.8KForm 4
Jul 31, 2024Shropshire KennethDirectorSale495$69.29$34.3KForm 4
Jul 31, 2024MOELIS KENNETHExecutive ChairmanSale6,494$69.16$449.1KForm 4
Jul 30, 2024Pilcher Ciafone KatherineChief Operating OfficerSale3,666$68.88$252.5KForm 4
Jul 30, 2024MOELIS KENNETHExecutive ChairmanSale98,814$68.87$6.8MForm 4
Jul 25, 2024SIMON JOSEPHFormer Chief Financial OfficerSale6,723$64.00$430.3KForm 4

All 83 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Moelis & Company has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025NavidMahmoodzadegan CEO$400.0K$42.8M71
2025Kenneth MoelisExecutive Chairman$400.0K$35.2M71
2025Jeffrey RaichExecutive Vice Chairman$400.0K$3.9M71
2025Katherine PilcherCiafone COO$400.0K$2.8M71
2025ChristopherCallesano CFO$400.0K$1.3M71
2025Joseph SimonFormer CFO$157.8K$862.3K71
2024NavidMahmoodzadegan CEO$400.0K$12.1M71
2024Kenneth MoelisExecutive Chairman$400.0K$7.6M71
2024Jeffrey RaichExecutive Vice Chairman$400.0K$3.2M71
2024Joseph SimonFormer CFO$400.0K$2.6M71
2024Katherine PilcherCiafone COO$400.0K$2.2M71
2023NavidMahmoodzadegan CEO$400.0K$17.0M71
2023Kenneth MoelisExecutive Chairman$400.0K$7.9M71
2023Jeffrey RaichExecutive Vice Chairman$400.0K$2.6M71
2023Joseph SimonFormer CFO$400.0K$2.1M71
2023Katherine PilcherCiafone COO$400.0K$1.7M71

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.9,057,944$592.6M0.0%+255,835
Kayne Anderson Rudnick Investment Management LLC5,412,938$354.1M1.1%−364,835
Vanguard Portfolio Management LLC4,487,258$293.6M0.0%−141,425
Vanguard Capital Management LLC3,351,361$219.2M0.0%+36,321
Wasatch Advisors LP3,246,593$212.4M1.4%−496,031
State Street Corp3,044,858$199.2M0.0%+123,729
Charles Schwab Investment Management Inc2,955,235$193.3M0.0%+252,053
London Co Of Virginia2,791,199$182.6M1.0%−112,748
Geode Capital Management, LLC2,359,476$154.4M0.0%+190,223
Ameriprise Financial Inc2,344,828$153.4M0.0%+197,636
HighTower Advisors, LLC1,843,458$120.6M0.1%+58,119
Jones Financial Companies Lllp1,709,578$110.2M0.0%+419,038
Madison Asset Management, LLC1,667,157$109.1M1.3%−106,578
Timucuan Asset Management Inc/fl1,503,334$98.3M3.6%−11,367
Dimensional Fund Advisors LP1,345,514$88.0M0.0%+67,740
Channing Capital Management, LLC1,338,234$87.5M2.0%+30,139
Goldman Sachs Group Inc1,267,442$82.9M0.0%−487,576
Nomura Asset Management International Inc.1,215,510$79.5M0.1%+21,742
Fisher Asset Management, LLC1,037,894$67.9M0.0%+9,257
Bank of New York Mellon Corp1,000,415$65.4M0.0%+6,518
Heard Capital LLC979,810$64.1M2.7%No change
Morgan Stanley968,210$63.3M0.0%+19,216
Wells Fargo & Company/mn930,431$60.9M0.0%+2,700
Northern Trust Corp864,683$56.6M0.0%+54,217
Jpmorgan Chase & Co791,833$50.0M0.0%−385,779

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jan 9, 2019Donna Shalala, HouseSale$1,001 - $15,000+150.0%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Moelis & Company is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMoelis & Co2
  • CIK0001596967
  • Employer ID (EIN)46-450021621
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company21
  • Incorporated inDelaware21
  • Fiscal year endsDecember 312
  • Industry code (SIC)6282 Investment Advice2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address399 Park Avenue, 5Th Floor, New York, NY 100222
  • Phone(212) 883-38002
  • Shares outstanding73,435,377 Common Class A shares; 4,191,326 Common Class B shares as of Feb 12, 202621
  • Public float$4.6B as of Jun 30, 202521
  • AuditorDeloitte & Touche LLP, New York, NY PCAOB ID 34; it also attests to the company’s internal control over financial reporting21
  • On EDGAR sinceJan 17, 20142
  • Filings1,424 in all: 4 (1,005), 8-K (107), SC 13G/A (59), 144 (50), 10-Q (38), 3 (19), SC 13G (18), S-8 (14)2
    All 34 form types

    DEFA14A (13), 10-K (12), DEF 14A (12), CORRESP (9), 424B5 (8), UPLOAD (7), 424B3 (6), S-1/A (5), SCHEDULE 13G/A (5), 4/A (4), ARS (4), EFFECT (4), S-3ASR (4), 424B4 (3), SCHEDULE 13G (3), DRSLTR (2), S-1 (2), S-3 (2), S-3/A (2), 10-K/A (1), 8-A12B (1), 8-K/A (1), CERTNYS (1), DRS (1), DRS/A (1), FWP (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Jul 30, 2026
    Proxy statement (DEF 14A) Apr 30, 2026
    Latest 8-K (8-K) Jul 29, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stockMCNew York Stock Exchange

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).21

Risk factors and legal proceedings

The risks Moelis & Company names in Item 1A of its 10-K filed Feb 26, 2026: 34 risks under these headings, as written.21

  • Risks Related to Our Business
  • Risks Related to Recruiting and Retaining Talent and Competition
  • Our future growth will depend on, among other things, our ability to successfully identify, recruit and develop talent and will require us to commit additional resources.
  • Our ability to retain our Managing Directors and our other professionals, including our executive officers, is critical to the success of our business.
  • We face strong competition from other financial advisory firms, many of which have the ability to offer clients a wider range of products and services than those we can offer, which could cause us to fail to win advisory mandates and subject us to pricing pressures that could materially adversely affect our revenue and profitability.
  • Risks Related to Market Conditions and the Impact on Our Business
  • Changing market conditions can adversely affect our business in many ways, including by reducing the volume of the transactions involving our business, which could materially reduce our revenue.
  • If the number of debt defaults, bankruptcies or other factors affecting demand for our recapitalization and restructuring advisory services declines, our recapitalization and restructuring business could suffer.
  • Fluctuations in foreign currency exchange rates could adversely affect our results.
  • Risks Related to the Drivers of Our Revenues
  • Our revenue in any given period is dependent on the number of fee‑paying clients in such period, and a significant reduction in the number of fee‑paying clients in any given period could reduce our revenue and adversely affect our operating results in such period.
  • Substantially all of our revenue is derived from advisory fees. As a result, our revenue and profits are highly volatile on a quarterly basis and may cause the price of our Class A common stock to fluctuate and decline.
The other 26 risks
  • Risks Related to Managing Our Business, Including Conflicts, Employees, Client Satisfaction
  • and Our Reputation
  • Our failure to deal appropriately with actual, potential or perceived conflicts of interest could damage our reputation and materially adversely affect our business.
  • Employee misconduct, which is difficult to detect and deter, could harm us by impairing our ability to attract and retain clients and talent and by subjecting us to legal liability and reputational harm.
  • We may face damage to our professional reputation if our services are not regarded as satisfactory or for other reasons.
  • Negative publicity regarding our business and our people could adversely impact our reputation and our business.
  • The use of the “Moelis” brand name by either Moelis Asset Management LP and its subsidiaries or MA Financial and the affiliation of Atlas Crest Investment Corp. entities with Moelis may expose us to reputational harm that could adversely affect our business should they take actions that damage the brand name.
  • Risks Related to Operating Our Business, Including Litigation, Financial Regulations,
  • and Information Technology and Security
  • As a member of the financial services industry, we face substantial litigation risks.
  • Extensive and evolving regulation of our business and the business of our clients exposes us to the potential for significant penalties and fines due to compliance failures, increases our costs and may result in limitations on the manner in which our business is conducted.
  • We are exposed to risks and costs associated with protecting the integrity and security of our clients’, employees’ and others’ personal data and other sensitive information.
  • We may incur losses as a result of unforeseen or catastrophic events, including widespread health emergencies, cybersecurity incidents and events, terrorist attacks, war, trade policies, military conflict, climate-related incidents, or other natural disasters.
  • The cost of compliance with international broker‑dealer, employment, labor, benefits and tax regulations may adversely affect our business and hamper our ability to expand internationally.
  • Our international operations are subject to certain risks, which may affect our revenue.
  • We may not be able to generate sufficient cash in the future to service any future indebtedness.
  • Risks Related to Growing Our Business
  • We may enter into new lines of business which may result in additional risks and uncertainties in our business.
  • Our joint venture, strategic investments and acquisitions may result in additional risks and uncertainties in our business.
  • Our growth strategy may involve opening or acquiring new offices and expanding domestically and internationally and would involve hiring new Managing Directors and other senior professionals for these offices, which would require substantial investment by us and could materially and adversely affect our operating results.
  • Risks Related to Our Organizational Structure
  • Moelis & Company’s only assets are its partnership interests in Group LP, its equity interest in the sole general partner of Group LP, Moelis & Company Group GP LLC, and its interests in its subsidiaries, and Moelis & Company is accordingly dependent upon distributions from Group LP to pay dividends, taxes and other expenses.
  • A change in relevant income tax laws, regulations, or treaties, or an adverse interpretation of these items by tax authorities, could result in an audit adjustment or revaluation of our deferred tax assets that may cause our effective tax rate and tax liability to be higher than what is currently presented in the consolidated statements of financial condition.
  • We will be required to pay our Managing Directors for certain tax benefits we may claim as a result of the tax basis step‑up we receive in connection with follow-on offerings, exchanges of Group LP Class A partnership units for Class A common stock and related transactions. In certain circumstances, payments under the tax receivable agreement may be accelerated and/or significantly exceed the actual tax benefits we realize.
  • Risks Related to Our Class A Common Stock
  • You may be diluted by the future issuance of additional Class A common stock by Moelis & Company and the future issuance of additional Partnership Units by Moelis & Company Group LP, in each case in connection with our incentive plans, acquisitions or otherwise.
  • Mr. Moelis has significant voting power in Moelis & Company which may give rise to actual or perceived conflicts of interests.
  • Failure to maintain effective internal controls in accordance with Section 404 of the Sarbanes‑Oxley Act of 2002 could have a material adverse effect on our business and share price.
  • If securities analysts do not publish research or reports about our business or if they downgrade our Company or our sector, the price of our Class A common stock could decline.
  • The market price of our Class A common stock may be volatile, which could cause the value of your investment to decline.
  • While we currently intend to pay a quarterly cash dividend to our stockholders, we may change our dividend policy at any time. There can be no assurance that we will continue to declare cash dividends.
  • Anti‑takeover provisions in our organizational documents and Delaware law could delay or prevent a change in control.

Legal proceedings

In the ordinary course of business, from time to time the Company and its affiliates are involved in judicial or regulatory proceedings, arbitration or mediation concerning matters arising in connection with the conduct of its businesses, including contractual and employment matters. In addition, government agencies and self-regulatory organizations conduct periodic examinations, investigations and initiate administrative proceedings regarding the Company’s business, including, among other matters, compliance, accounting, recordkeeping and operational matters, that can result in censure, fine, the issuance of cease and desist orders or the suspension or expulsion of a broker-dealer, investment advisor, or its directors, officers or employees. In view of the inherent difficulty of determining whether any loss in connection with such matters is probable and whether the amount of such loss can be reasonably estimated, particularly in cases where claimants seek substantial or indeterminate damages or where investigations and proceedings are in the early stages, the Company often cannot estimate the amount of such loss or range of loss, if any, related to such matters, how or if such matters will be resolved, when they will ultimately be resolved, or what the eventual settlement, fine, penalty or other relief, if any, might be. For matters where the Company can reasonably estimate the amount of a probable loss, or range of loss, the Company will accrue a loss for such matters in accordance with U.S. GAAP for the aggregate of the estimated amount or the minimum amount of the range, if no amount within the range is a better estimate. Subject to the foregoing, the Company believes, based on current knowledge and after consultation with counsel, that it is not currently party to any material pending proceedings, individually or in the aggregate, the resolution of which would have a significant adverse effect on the Company.

The opening of Item 3, Legal Proceedings.21

Sources

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    Wikidata and SEC EDGARNavid Mahmoodzadegan, President
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