Brookstone Capital Management: AUM & Ownership

Clients

Brookstone Capital Management serves 54,845 clients, 49,950 of them other individuals. The average client has about $232,000 with the firm, and high-net-worth clients hold 13% of its $12.8 billion in assets.

Regulatory assets by client type

Individuals49,950 clients86%
High-net-worth individuals4,860 clients13%
Corporations and other businesses35 clients1%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Individuals (other than HNW)	49,950	$11,016,487,881	86.4%	$221K
High-net-worth individuals	4,860	$1,646,141,867	12.9%	$339K
Corporations and other businesses	35	$87,500,000	0.7%	$2.50M
Total	54,845	$12,750,129,748	100%	$232K

Individuals (other than HNW)

Clients: 49,950
Regulatory AUM: $11,016,487,881
Share: 86.4%
Avg. per client: $221K

High-net-worth individuals

Clients: 4,860
Regulatory AUM: $1,646,141,867
Share: 12.9%
Avg. per client: $339K

Corporations and other businesses

Clients: 35
Regulatory AUM: $87,500,000
Share: 0.7%
Avg. per client: $2.50M

Total

Clients: 54,845
Regulatory AUM: $12,750,129,748
Share: 100%
Avg. per client: $232K

What it does

Brookstone Capital Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers and educational seminars. It is paid through a percentage of assets, hourly charges and fixed fees.

Brookstone Capital Management provided financial planning to 251–500 clients last fiscal year and advises no private funds.

100.0% of assets ($12.75B across 81,900 accounts) are managed with discretion. $8.71B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 35 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks55%
Funds15%
Bonds18%
- Investment grade corporate bonds10%
- U.S. government and agency bonds5%
- High-yield corporate bonds2%
- State and local bonds1%
Cash2%
Other10%
- Structured notes8%
- Derivatives2%

Custodians

Brookstone Capital Management does not have custody of client assets.

Managed account assets by custodian

All other custodians$12.75B100%

Ownership and leadership

Al BCM, LLC owns 75% or more of Brookstone Capital Management, and Nadim Zayed is its CEO.

Who owns the firm

Brookstone Capital Management LLC· the adviser

Al BCM, LLC
Control person · since July 2019
Owns 75% or more of Brookstone Capital Management LLC
- Al Marketing, LLC
  since March 2020
  Owns 50% to 75% of Al BCM, LLC
  - Amerilife Group, LLC
    since July 2019
    Owns 75% or more of Al Marketing, LLC
    - Amerilife Midco, LLC
      since July 2019
      Owns 75% or more of Amerilife Group, LLC
      - Amerilife Holdings, LLC
        since July 2019
        Owns 75% or more of Amerilife Midco, LLC
Zayed RIA, LLC
Control person · since July 2019
Owns 5% to 10% of Brookstone Capital Management LLC
- Nadim "dean" Zayed, Trustee, Under the Nadim "dean" Zayed Living Trust, Dated May 1, 2003
  since May 2003
  Owns 75% or more of Zayed RIA, LLC
  - Nadim Zayed
    Trustee · Control person · since May 2003

Leadership

Nadim Zayed
Chief Executive Officer
Darryl Ronconi
President and Chief Operating Officer
James Quinn
Chief Financial Officer
Matthew Lovett
Chief Compliance Officer
Mark Diorio
Chief Investment Officer
Gideon Moore
Chief Legal Officer
Joel Vanwoerkom
VP, Operations

Staff

405 employees
320 in advisory functions
320 state-registered reps
1 broker-dealer rep
320 insurance agents
197 soliciting firms

Reported holdings

Brookstone Capital Management’s reported 13F holdings total $9.99B across 1,308 positions, and the ten largest make up 18.3% of it.

$9.99B
Reported 13F value: 1,308
Positions: 18.3%
In the 10 largest: +14.1%
Value vs. prior quarter

Ten largest positions, share of reported value

Vanguard Index Fds · Value ETF2.5%
Vanguard Index Fds · Growth ETF2.3%
State Str SPDR S&P 500 ETF T · TR Unit2.1%
Invesco Qqq TR · Unit Ser 12.1%
Nvidia Corporation2.0%
Apple Inc.1.8%
iShares TR · Core S&P500 ETF1.8%
Amazon Com Inc.1.4%
Northern Lts FD TR IV · Brookstone Grwth1.3%
Vanguard Index Fds · S&P 500 ETF Shs1.2%

Together, the ten largest are 18.3% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 15 July 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $9.99B is not its $12.75B in regulatory assets and does not represent any individual client's portfolio.

Fees

Brookstone Capital Management is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).

Brookstone Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Brookstone Capital Management has 271 offices, with 26 listed addresses across 14 states.

Listed office addresses by state

Illinois · 5 listed addresses

1745 S. Naperville Road, Suite 200, WheatonHQ
1745 S. Naperville RD. #200, Wheaton
20624 Abbey Woods CT, Frankfort
650 Dundee RD. Ste 270, Northbrook
600 N. Buffalo Grove Road, Buffalo Grove

Registration details

Legal name: Brookstone Capital Management LLC
Headquarters: 1745 S. Naperville Road, Suite 200, Wheaton, IL 60189
Phone: 630-653-1400
Website: www.brookstonecm.com
SEC file: 801-68010
Structure: Illinois LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Brookstone Capital Management have?

Brookstone Capital Management has 54,845 clients and manages $12.8 billion for them, as of September 2026. They include 49,950 other individuals, 4,860 high-net-worth individuals and 35 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 September 2026

What services does Brookstone Capital Management offer?

Brookstone Capital Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers and educational seminars.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Brookstone Capital Management have?

Brookstone Capital Management has 320 investment adviser representatives registered with state securities authorities, out of 405 employees, and 320 perform investment advisory functions. 1 are registered representatives of a broker-dealer and 320 are 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 Brookstone Capital Management invest in?

At the end of its last fiscal year, Brookstone Capital Management’s separately managed accounts held 55% exchange-traded equities, 15% registered funds (mutual funds, ETFs, BDCs), 10% investment grade corporate bonds, 8% structured notes, 5% U.S. government and agency bonds, 2% high-yield corporate bonds, 2% derivatives, 2% cash and equivalents and 1% state and local bonds. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Brookstone Capital Management?

Brookstone Capital Management is owned through a chain of holding companies by Genstar Capital Partners X, LP. Its direct owners are Al BCM, LLC (75% or more) and Zayed RIA, LLC (5% to 10%).

Source: Form ADV Part 1A, Schedules A and B, filed 29 September 2026

How does Brookstone Capital Management get paid?

Brookstone Capital Management is paid through a percentage of assets under management, hourly charges and fixed fees. 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