{"url":"https://nivawealth.com/firms/m1-advisory-services-249787","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/249787","regulatoryAum":1480000000,"crd":"249787","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5042437","suffix":null,"lastName":"Austin","firstName":"Kwami","middleName":null},{"crd":"6964686","suffix":null,"lastName":"Contreras","firstName":"Gabriela","middleName":null},{"crd":"7328849","suffix":null,"lastName":"Halmo","firstName":"Charlotte","middleName":null},{"crd":"7055121","suffix":null,"lastName":"KESSLER","firstName":"JING","middleName":"G"},{"crd":"7230535","suffix":null,"lastName":"KUYERS","firstName":"MEGAN","middleName":"J"},{"crd":"7126205","suffix":null,"lastName":"LEE","firstName":"JIEUN","middleName":null},{"crd":"7424586","suffix":null,"lastName":"Radice","firstName":"Lucas","middleName":"Skyler"},{"crd":"7383816","suffix":null,"lastName":"Thakkar","firstName":"Priyal","middleName":"Rakesh"},{"crd":"7597592","suffix":null,"lastName":"Walker","firstName":"Jacob","middleName":"William"}],"total":9,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-05","regulatoryAum":0,"clients":0,"employees":13,"offices":1},{"filedOn":"2022-02-24","regulatoryAum":0,"clients":0,"employees":20,"offices":1},{"filedOn":"2023-07-13","regulatoryAum":0,"clients":0,"employees":20,"offices":1},{"filedOn":"2024-05-21","regulatoryAum":0,"clients":0,"employees":24,"offices":1},{"filedOn":"2025-03-11","regulatoryAum":0,"clients":0,"employees":17,"offices":1},{"filedOn":"2026-10-01","regulatoryAum":1480000000,"clients":11400,"employees":14,"offices":1}],"secFileNumber":"801-106511","legalName":"M1 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(other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":14},{"label":"Securities issued by registered investment companies or business development companies","percent":84},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"1 October 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/249787/PDF/249787.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does M1 Advisory Services have?","answer":"M1 Advisory Services has 11,400 clients and manages $1.48 billion for them, as of October 2026. They include 11,400 individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does M1 Advisory Services offer?","answer":"M1 Advisory Services provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does M1 Advisory Services use?","answer":"M1 Advisory Services’ separately managed account assets are held at Apex Clearing Corporation (Dallas, TX), with $380K. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 October 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does M1 Advisory Services have?","answer":"M1 Advisory Services has 14 investment adviser representatives registered with state securities authorities, out of 14 employees, and 0 perform investment advisory functions. 14 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does M1 Advisory Services invest in?","answer":"At the end of its last fiscal year, M1 Advisory Services’ separately managed accounts held 84% registered funds (mutual funds, ETFs, BDCs), 14% exchange-traded equities and 2% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns M1 Advisory Services?","answer":"M1 Advisory Services’ direct owners are M1 Holdings Inc. (75% or more) and Brian Barnes (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does M1 Advisory Services get paid?","answer":"M1 Advisory Services is paid through a percentage of assets under management. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact M1 Advisory Services?","answer":"M1 Advisory Services’ main office is at 200 North Lasalle Street, Suite 810, Chicago, IL 60601. Its phone number is 312-600-2883. Its website is m1.com.","source":"Form ADV Part 1A, Item 1.F, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}