Addison Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, and tax planning. Financial planning was provided to 101–250 clients last fiscal year.
Addison Advisors reports 368 clients. They include 188 high-net-worth individuals and 180 individual clients. Of its assets, 99.8% ($582M across 1,444 accounts) are managed with discretion; $928K across 2 accounts are not. Of its clients, 1% are outside the U.S. It advised 7 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 49% | 16% |
| High-net-worth individuals | 51% | 83% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 180 | $95.5M | 16.4% | $531K |
| High-net-worth individuals | 188 | $483M | 83.0% | $2.57M |
| Pension and profit-sharing plans | Fewer than 5 | $3M | 0.5% | — |
| Charitable organizations | Fewer than 5 | $820K | 0.1% | — |
| Total | 368 | $583M | 100% | — |
- Clients
- 180
- Regulatory AUM
- $95.5M
- AUM share
- 16.4%
- Avg. per client
- $531K
- Clients
- 188
- Regulatory AUM
- $483M
- AUM share
- 83.0%
- Avg. per client
- $2.57M
- Clients
- Fewer than 5
- Regulatory AUM
- $3M
- AUM share
- 0.5%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $820K
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 368
- Regulatory AUM
- $583M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 7
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Addison Advisors charges 0.30%–1.00% a year for its Comprehensive Wealth Management. The fee is billed in advance.
Fee details and sources
Marble Trail Financial, LLC owns 75% or more of Addison Advisors and is in turn owned by Donald Devost (25–50%) and Matthew Wootten (25–50%). The leadership team of Addison Advisors includes Chief Compliance Officer Donald Devost. It has 9 employees, 6 of them in advisory roles.
Leadership
- Donald DevostPrincipal/Chief Compliance Officer
- Matthew WoottenPrincipal
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 9 employees
- 6 in advisory functions
- 6 state-registered reps
- Owns 75% or more of Addison Advisors LLC
Marble Trail Financial, LLC
Control person · since January 2019
- Owns 25% to 50% of Marble Trail Financial, LLC
Donald Devost
Control person · since January 2019
- Owns 25% to 50% of Marble Trail Financial, LLC
Matthew Wootten
Control person · since January 2019
Addison Advisors’ regulatory assets grew 3.0× from $197M (January 2021) to $583M (February 2026); clients rose from 160 to 368 and employees from 5 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $583M | 368 | 9 | 2 |
| July 2025 | $490M | 339 | 9 | 2 |
| April 2024 | $431M | 313 | 9 | 2 |
| February 2023 | $319M | 267 | 8 | 2 |
| March 2022 | $358M | 269 | 10 | 2 |
| January 2021 | $197M | 160 | 5 | 1 |
Besides its headquarters, Addison Advisors has 1 office, with 2 listed addresses in Maine and Vermont.
Maine · 1 listed address
- 106 Lafayette Street, Unit 3b, Yarmouth
Vermont · 1 listed address
- 88 Main Street, MiddleburyHQ
Other business names
Addison Advisors has reported 1 other business name to the SEC.
- Marble Trail Advisors
Contact and registration details
- Legal name
- Addison Advisors LLC
- Headquarters
- 88 Main Street, Middlebury, VT 05753
- Website
- marbletrail.com
- Phone
- 802-388-6300
- @addison-advisors-llc
- SEC file
- 801-115308
- Founded
- 2010
- Structure
- Vermont LLC
- Fiscal year end
- December
Addison Advisors uses Charles Schwab ($360M, 63%) and Pershing ($213M, 37%) as custodians for its separately managed accounts. Addison Advisors has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $360M63%
- PershingPershing LLC · Jersey City, NJ · $213M37%
At year end, Addison Advisors’ separately managed accounts were mostly in funds (76%) and stocks (21%). Its reported 13F holdings for the quarter ended 30 June 2026 total $212M across 707 positions; the largest are Vanguard Specialized Funds (6.3%), Vanguard Malvern Fds (5.0%) and iShares TR (4.4%).
What the accounts hold
- Stocks21%
- Funds76%
- Bonds1%
- Cash2%
Reported 13F holdings
- $212M
- Reported 13F value
- 707
- Positions
- 39.3%
- In the 10 largest
- −53.2%
- Value vs. prior quarter
- Vanguard Specialized Funds · Div App ETF6.3%
- Vanguard Malvern Fds · Strm Infproidx5.0%
- iShares TR · MSCI USA Value4.4%
- Vanguard Index Fds · Growth ETF4.3%
- Vanguard Scottsdale Fds · Inter Term Treas4.0%
- Vanguard Whitehall Fds · Intl Dvd ETF3.5%
- Dimensional ETF Trust · US Mktwide Value3.4%
- Vanguard Malvern Fds · Core BD ETF3.2%
- Vanguard Charlotte Fds · Total Int BD ETF2.6%
- Vanguard Index Fds · Mcap GR Idxvip2.6%
Together, the ten largest are 39.3% of reported value.
How many clients does Addison Advisors have?
Addison Advisors has 368 clients and manages $583 million for them, as of February 2026. They include 188 high-net-worth individuals and 180 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 February 2026
What services does Addison Advisors offer?
Addison Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Addison Advisors charge?
Addison Advisors charges 0.30%–1.00% a year for its Comprehensive Wealth Management. The fee is billed in advance.
Source: MARBLE TRAIL FORM ADV PART 2, filed 17 February 2026
Which custodians does Addison Advisors use?
Addison Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Orlando, FL), with $360M and Pershing LLC (Jersey City, NJ), with $213M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 February 2026
How many financial advisors does Addison Advisors have?
Addison Advisors has 6 investment adviser representatives registered with state securities authorities, out of 9 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Addison Advisors invest in?
At the end of its last fiscal year, Addison Advisors’ separately managed accounts held 76% registered funds (mutual funds, ETFs, BDCs), 21% exchange-traded equities, 2% cash and equivalents and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Addison Advisors?
Addison Advisors is owned through a holding company by Donald Devost and Matthew Wootten. Its direct owner is Marble Trail Financial, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 17 February 2026
How does Addison Advisors get paid?
Addison Advisors is paid through a percentage of assets under management, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Addison Advisors registered with the SEC?
Yes, Addison Advisors has been registered with the SEC as an investment adviser since 21 May 2019. Its CRD number is 154744 and its SEC file number is 801-115308.
Source: Form ADV Part 1A, Item 1, filed 17 February 2026; IAPD firm record
How do I contact Addison Advisors?
Addison Advisors’ main office is at 88 Main Street, Middlebury, VT 05753. Its phone number is 802-388-6300. Its website is marbletrail.com.