Linden Thomas Advisory Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, education planning, estate planning, and tax planning. Financial planning was provided to 51–100 clients last fiscal year.
Linden Thomas Advisory Services reports 1,366 clients. They include 836 individual clients, 432 high-net-worth individuals, and 88 pension and profit-sharing plans. Of its assets, 63.1% ($1.12B across 4,306 accounts) are managed with discretion; $654M across 2,805 accounts are not. A wrap fee program the firm both sponsors and manages holds $4.28B.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 61% | 41% |
| High-net-worth individuals | 32% | 50% |
| Pension and profit-sharing plans | 6% | 9% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 836 | $720M | 40.7% | $862K |
| High-net-worth individuals | 432 | $892M | 50.4% | $2.07M |
| Pension and profit-sharing plans | 88 | $155M | 8.7% | $1.76M |
| Charitable organizations | 5 | $3.88M | 0.2% | $776K |
| Corporations and other businesses | 5 | $497K | 0.0% | $99.5K |
| Total | 1,366 | $1.77B | 100% | $1.3M |
- Clients
- 836
- Regulatory AUM
- $720M
- AUM share
- 40.7%
- Avg. per client
- $862K
- Clients
- 432
- Regulatory AUM
- $892M
- AUM share
- 50.4%
- Avg. per client
- $2.07M
- Clients
- 88
- Regulatory AUM
- $155M
- AUM share
- 8.7%
- Avg. per client
- $1.76M
- Clients
- 5
- Regulatory AUM
- $3.88M
- AUM share
- 0.2%
- Avg. per client
- $776K
- Clients
- 5
- Regulatory AUM
- $497K
- AUM share
- 0.0%
- Avg. per client
- $99.5K
Total
- Clients
- 1,366
- Regulatory AUM
- $1.77B
- AUM share
- 100%
- Avg. per client
- $1.3M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Linden Thomas Advisory Services is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning is quoted in advance as a fixed fee based on complexity, is negotiable, and is generally billed in arrears.
- Investment Advisory Services
- Advisory fees are negotiated in advance and generally range from 0.30% to 1.00% depending on engagement complexity, based on services rather than assets.
- Retirement Plan Services
- Fees are fixed or asset-based (not to exceed 1.00% annually), negotiable, with a minimum annual fee of $1,000 per plan.
Linden Thomas Financial Group, LLC owns 75% or more of Linden Thomas Advisory Services and is in turn owned by Stephen Thomas (75% or more). The leadership team of Linden Thomas Advisory Services includes Chief Compliance Officer David Smith. It has 14 employees, 8 of them in advisory roles.
Leadership
- David SmithChief Compliance Officer
- Stephen ThomasManager
Investment adviser representatives
10 representatives listed in the SEC register as of 9 October 2026.
- Bradley Joseph Davis
- Gavin C Finnical
- Alexander John Hill
- Bryan Leo Krakker
- Zachary Robert Ladowski
- Jack Robert Lawrence
- Brandon Charles McPherson
- Luke Trustan Stenzel
- Nick Christopher Stockdale
- Stephen Linden Thomas
Staff
- 14 employees
- 8 in advisory functions
- 12 state-registered reps
- 10 broker-dealer reps
- Owns 75% or more of Linden Thomas Advisory Services, LLC
Linden Thomas Financial Group, LLC
Control person · since February 2018
- Owns 75% or more of Linden Thomas Financial Group, LLC
Stephen Thomas
Control person · since August 2017
Linden Thomas Advisory Services’ regulatory assets grew 1.8× from $992M (July 2021) to $1.77B (May 2026); clients rose from 687 to 1,366 and employees from 7 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $1.77B | 1,366 | 14 | 1 |
| March 2025 | $1.63B | 1,590 | 11 | 1 |
| July 2024 | $1.37B | 1,546 | 11 | 1 |
| March 2023 | $1.14B | 877 | 11 | 1 |
| March 2022 | $1.32B | 829 | 9 | 1 |
| July 2021 | $992M | 687 | 7 | 1 |
Besides its headquarters, Linden Thomas Advisory Services has 0 offices, with 1 listed address in North Carolina.
North Carolina · 1 listed address
- 516 North Tryon Street, CharlotteHQ
Other business names
Linden Thomas Advisory Services has reported 1 other business name to the SEC.
- Linden Thomas and Company
Contact and registration details
- Legal name
- Linden Thomas Advisory Services, LLC
- Headquarters
- 516 North Tryon Street, Charlotte, NC 28202
- Website
- lindenthomas.com
- Phone
- 704-554-8150
- SEC file
- 801-110683
- Founded
- 2018
- Structure
- North Carolina LLC
- Fiscal year end
- December
Linden Thomas Advisory Services uses Wells Fargo Clearing Services ($1.77B, 100%) and Charles Schwab ($957K, 0%) as custodians for its separately managed accounts. Linden Thomas Advisory Services does not have custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Wells Fargo Clearing ServicesWells Fargo Clearing Services, LLC · St. Louis, MO · $1.77B100%
- Charles SchwabCharles Schwab & Co., Inc. · West Lake, TX · $957K0%
At year end, Linden Thomas Advisory Services’ separately managed accounts were mostly in stocks (89%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.24B across 542 positions; the largest are Nvidia Corporation (2.8%), Alphabet Inc. (1.7%) and Broadcom Inc. (1.5%).
What the accounts hold
- Stocks89%
- Exchange-traded equities88%
- Non-exchange-traded equities1%
- Funds3%
- Bonds6%
- Investment grade corporate bonds3%
- High-yield corporate bonds2%
- U.S. government and agency bonds1%
- Cash2%
Reported 13F holdings
- $1.24B
- Reported 13F value
- 542
- Positions
- 14.5%
- In the 10 largest
- +19.4%
- Value vs. prior quarter
- Nvidia Corporation2.8%
- Alphabet Inc. · Cap Stk CL A1.7%
- Broadcom Inc.1.5%
- Arista Networks Inc. · Com Shs1.5%
- Apple Inc.1.5%
- Advanced Micro Devices Inc.1.2%
- Astera Labs Inc.1.1%
- Palo Alto Networks Inc.1.1%
- Ichor Holdings1.0%
- Corning Inc.1.0%
Together, the ten largest are 14.5% of reported value.
How many clients does Linden Thomas Advisory Services have?
Linden Thomas Advisory Services has 1,366 clients and manages $1.77 billion for them, as of May 2026. They include 836 individual clients, 432 high-net-worth individuals, and 88 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 May 2026
What services does Linden Thomas Advisory Services offer?
Linden Thomas Advisory Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, 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
Which custodians does Linden Thomas Advisory Services use?
Linden Thomas Advisory Services’ separately managed account assets are held at Wells Fargo Clearing Services, LLC (St. Louis, MO), with $1.77B and Charles Schwab & Co., Inc. (West Lake, TX), with $957K. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 May 2026
How many financial advisors does Linden Thomas Advisory Services have?
Linden Thomas Advisory Services has 12 investment adviser representatives registered with state securities authorities, out of 14 employees, and 8 perform investment advisory functions. 10 employees are registered representatives of a broker-dealer and 0 employees 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 Linden Thomas Advisory Services invest in?
At the end of its last fiscal year, Linden Thomas Advisory Services’ separately managed accounts held 88% exchange-traded equities, 3% investment grade corporate bonds, 3% registered funds (mutual funds, ETFs, BDCs), 2% high-yield corporate bonds, 2% cash and equivalents, 1% non-exchange-traded equities and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Linden Thomas Advisory Services?
Linden Thomas Advisory Services is owned through a holding company by Stephen Thomas. Its direct owner is Linden Thomas Financial Group, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 May 2026
How does Linden Thomas Advisory Services get paid?
Linden Thomas Advisory Services 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
Is Linden Thomas Advisory Services registered with the SEC?
Yes, Linden Thomas Advisory Services has been registered with the SEC as an investment adviser since 23 June 2017. Its CRD number is 288557 and its SEC file number is 801-110683.
Source: Form ADV Part 1A, Item 1, filed 27 May 2026; IAPD firm record
How do I contact Linden Thomas Advisory Services?
Linden Thomas Advisory Services’ main office is at 516 North Tryon Street, Charlotte, NC 28202. Its phone number is 704-554-8150. Its website is lindenthomas.com.