<SEC-DOCUMENT>0001085146-20-001187.txt : 20200423
<SEC-HEADER>0001085146-20-001187.hdr.sgml : 20200423
<ACCEPTANCE-DATETIME>20200423120918
ACCESSION NUMBER:		0001085146-20-001187
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200331
FILED AS OF DATE:		20200423
DATE AS OF CHANGE:		20200423
EFFECTIVENESS DATE:		20200423

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CANTOR FITZGERALD INVESTMENT ADVISER L.P.
		CENTRAL INDEX KEY:			0001710477
		IRS NUMBER:				273047790
		STATE OF INCORPORATION:			NY

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-18098
		FILM NUMBER:		20810079

	BUSINESS ADDRESS:	
		STREET 1:		110 EAST 59TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2128294952

	MAIL ADDRESS:	
		STREET 1:		110 EAST 59TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
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<SEQUENCE>1
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          <ccc>XXXXXXXX</ccc>
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      <periodOfReport>03-31-2020</periodOfReport>
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      <reportCalendarOrQuarter>03-31-2020</reportCalendarOrQuarter>
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        <name>CANTOR FITZGERALD INVESTMENT ADVISER L.P.</name>
        <address>
          <ns1:street1>110 EAST 59TH STREET</ns1:street1>
          <ns1:city>NEW YORK</ns1:city>
          <ns1:stateOrCountry>NY</ns1:stateOrCountry>
          <ns1:zipCode>10022</ns1:zipCode>
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      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Walter Karle</name>
      <title>Chief Compliance Officer</title>
      <phone>212-915-1722</phone>
      <signature>/s/ Walter Karle</signature>
      <city>New York</city>
      <stateOrCountry>NY</stateOrCountry>
      <signatureDate>04-22-2020</signatureDate>
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    <titleOfClass>COM</titleOfClass>
    <cusip>747525103</cusip>
    <value>438</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6475</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>6475</None>
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    <nameOfIssuer>SCHWAB STRATEGIC TR</nameOfIssuer>
    <titleOfClass>US BRD MKT ETF</titleOfClass>
    <cusip>808524102</cusip>
    <value>330</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5463</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>5463</None>
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    <titleOfClass>US LRG CAP ETF</titleOfClass>
    <cusip>808524201</cusip>
    <value>14815</value>
    <shrsOrPrnAmt>
      <sshPrnamt>241875</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Shared>0</Shared>
      <None>241875</None>
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    <titleOfClass>US MID-CAP ETF</titleOfClass>
    <cusip>808524508</cusip>
    <value>4126</value>
    <shrsOrPrnAmt>
      <sshPrnamt>97858</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Shared>0</Shared>
      <None>97858</None>
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    <titleOfClass>US SML CAP ETF</titleOfClass>
    <cusip>808524607</cusip>
    <value>2263</value>
    <shrsOrPrnAmt>
      <sshPrnamt>43922</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>43922</None>
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    <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
    <titleOfClass>TR UNIT</titleOfClass>
    <cusip>78462F103</cusip>
    <value>4389</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17029</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>17029</None>
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    <nameOfIssuer>SPDR SER TR</nameOfIssuer>
    <titleOfClass>PORTFOLIO INTRMD</titleOfClass>
    <cusip>78464A375</cusip>
    <value>29085</value>
    <shrsOrPrnAmt>
      <sshPrnamt>855200</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>855200</None>
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    <nameOfIssuer>SPDR SER TR</nameOfIssuer>
    <titleOfClass>BLOMBERG BRC INV</titleOfClass>
    <cusip>78468R200</cusip>
    <value>23437</value>
    <shrsOrPrnAmt>
      <sshPrnamt>797188</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>797188</None>
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    <nameOfIssuer>SPDR SER TR</nameOfIssuer>
    <titleOfClass>BLOOMBERG SRT TR</titleOfClass>
    <cusip>78468R408</cusip>
    <value>12413</value>
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      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>526868</None>
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    <nameOfIssuer>TORTOISE PIPELINE &amp; ENERGY F</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>89148H108</cusip>
    <value>42</value>
    <shrsOrPrnAmt>
      <sshPrnamt>16000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>16000</None>
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    <nameOfIssuer>UNITED PARCEL SERVICE INC</nameOfIssuer>
    <titleOfClass>CL B</titleOfClass>
    <cusip>911312106</cusip>
    <value>968</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10367</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>10367</None>
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    <nameOfIssuer>VANECK VECTORS ETF TR</nameOfIssuer>
    <titleOfClass>INVT GRADE FLTG</titleOfClass>
    <cusip>92189F486</cusip>
    <value>17059</value>
    <shrsOrPrnAmt>
      <sshPrnamt>722242</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>722242</None>
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    <nameOfIssuer>VANECK VECTORS ETF TR</nameOfIssuer>
    <titleOfClass>JP MORGAN MKTS</titleOfClass>
    <cusip>92189H300</cusip>
    <value>18269</value>
    <shrsOrPrnAmt>
      <sshPrnamt>641695</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>641695</None>
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    <nameOfIssuer>VANGUARD BD INDEX FDS</nameOfIssuer>
    <titleOfClass>TOTAL BND MRKT</titleOfClass>
    <cusip>921937835</cusip>
    <value>2115</value>
    <shrsOrPrnAmt>
      <sshPrnamt>24770</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>24770</None>
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    <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
    <titleOfClass>S&amp;P 500 ETF SHS</titleOfClass>
    <cusip>922908363</cusip>
    <value>61897</value>
    <shrsOrPrnAmt>
      <sshPrnamt>261368</sshPrnamt>
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      <None>261368</None>
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    <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
    <titleOfClass>MID CAP ETF</titleOfClass>
    <cusip>922908629</cusip>
    <value>407</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3091</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>3091</None>
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    <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
    <titleOfClass>LARGE CAP ETF</titleOfClass>
    <cusip>922908637</cusip>
    <value>2432</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20539</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>20539</None>
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    <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
    <titleOfClass>TOTAL STK MKT</titleOfClass>
    <cusip>922908769</cusip>
    <value>2566</value>
    <shrsOrPrnAmt>
      <sshPrnamt>19904</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>19904</None>
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    <nameOfIssuer>VANGUARD INTL EQUITY INDEX F</nameOfIssuer>
    <titleOfClass>ALLWRLD EX US</titleOfClass>
    <cusip>922042775</cusip>
    <value>2644</value>
    <shrsOrPrnAmt>
      <sshPrnamt>64459</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>64459</None>
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    <titleOfClass>FTSE EMR MKT ETF</titleOfClass>
    <cusip>922042858</cusip>
    <value>24721</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Shared>0</Shared>
      <None>736854</None>
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    <titleOfClass>MORTG-BACK SEC</titleOfClass>
    <cusip>92206C771</cusip>
    <value>40555</value>
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      <sshPrnamt>744131</sshPrnamt>
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      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>744131</None>
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    <cusip>921908844</cusip>
    <value>650</value>
    <shrsOrPrnAmt>
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      <Shared>0</Shared>
      <None>6290</None>
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    <cusip>921943858</cusip>
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    <cusip>97717X578</cusip>
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      <Shared>0</Shared>
      <None>523209</None>
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    <nameOfIssuer>WISDOMTREE TR</nameOfIssuer>
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</SEC-DOCUMENT>