Magnate Advisory Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and educational seminars. Financial planning was provided to 1–10 clients last fiscal year.
Magnate Advisory Services reports 1,576 clients. They include 1,505 individual clients, 67 high-net-worth individuals, and 4 pension and profit-sharing plans. Of its assets, 96.9% ($304M across 2,225 accounts) are managed with discretion; $9.88M across 4 accounts are not. It advised 1,576 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 95% | 60% |
| High-net-worth individuals | 4% | 37% |
| Pension and profit-sharing plans | <1% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,505 | $189M | 60.1% | $125K |
| High-net-worth individuals | 67 | $115M | 36.8% | $1.72M |
| Pension and profit-sharing plans | Fewer than 5 | $9.88M | 3.1% | $2.47M |
| Total | 1,576 | $314M | 100% | — |
- Clients
- 1,505
- Regulatory AUM
- $189M
- AUM share
- 60.1%
- Avg. per client
- $125K
- Clients
- 67
- Regulatory AUM
- $115M
- AUM share
- 36.8%
- Avg. per client
- $1.72M
- Clients
- Fewer than 5
- Regulatory AUM
- $9.88M
- AUM share
- 3.1%
- Avg. per client
- $2.47M
Total
- Clients
- 1,576
- Regulatory AUM
- $314M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1,576
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Magnate Advisory Services charges 0.75%–2.00% a year for its Portfolio Management Services. The whole portfolio is charged at the rate of its band. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$250K | 2.00% |
| $250K–$500K | 1.75% |
| $500K–$1M | 1.50% |
| $1M–$5M | 1.25% |
| $5M–$10M | 1.00% |
| $10M and above | 0.75% |
Fee details and sources
Other fees
- Financial Planning
- Broad-based planning is a fixed fee of $1,500 to $5,000, with half due on signing; limited components are billed hourly at $250 per hour.
Brent Gorter owns 50% to 75% of Magnate Advisory Services. The leadership team of Magnate Advisory Services includes Chief Compliance Officer James Nicholson. It has 7 employees.
Staff
- 7 employees
- 7 in advisory functions
- 7 state-registered reps
- 5 broker-dealer reps
- 6 insurance agents
- Owns 50% to 75% of Magnate Advisory Services, LLC
Brent Gorter
Control person · since February 2016
- Owns 50% to 75% of Magnate Advisory Services, LLC
James Nicholson
Control person · since February 2016
Magnate Advisory Services’ regulatory assets grew from $230M (March 2021) to $314M (March 2026); clients fell from 1,689 to 1,576 and employees from 12 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $314M | 1,576 | 7 | 4 |
| Mar 2025March 2025 | $261M | 1,298 | 6 | 3 |
| Apr 2024April 2024 | $210M | 1,201 | 7 | 3 |
| Mar 2023March 2023 | $168M | 1,692 | 8 | 3 |
| Mar 2022March 2022 | $165M | 1,588 | 8 | 3 |
| Mar 2021March 2021 | $230M | 1,689 | 12 | 5 |
Besides its headquarters, Magnate Advisory Services has 3 offices (1 private residence, listed without an address), with 3 listed addresses in 1 state.
Kentucky · 3 listed addresses
- 400 Blankenbaker Parkway, Suite 100, LouisvilleHQ
- 201 East Stephen Foster, Bardstown
- 300 W. Dixie Avenue, Elizabethtown
Other business names
Magnate Advisory Services has reported 5 other business names to the SEC.
- Ditto Wealth Management LLC
- Magnate Wealth
- Magnate Wealth Management
- Magnate Wealth Management LLC
- Mike Brooks & Associates, Inc.
Contact and registration details
- Legal name
- Magnate Advisory Services, LLC
- Headquarters
- 400 Blankenbaker Parkway, Suite 100, Louisville, KY 40243
- Website
- magnatewealth.com
- Phone
- 502-855-3160
- @magnate-wealth-management
- SEC file
- 801-118616
- Structure
- Kentucky LLC
- Fiscal year end
- December
Magnate Advisory Services’ named custodians for separately managed accounts are Fidelity ($264M, 87%) and Capital Client Group ($40.5M, 13%). Magnate Advisory Services does not have custody of client assets.
- FidelityFidelity Distributors Company LLC · Boston, MA · $264M87%
- Capital Client GroupCapital Client Group, Inc. · Los Angeles, CA · $40.5M13%
At year end, Magnate Advisory Services’ separately managed accounts were largely in stocks (36%) and funds (34%).
What the accounts hold
- Stocks36%
- Funds34%
- Bonds24%
- Investment grade corporate bonds22%
- State and local bonds2%
- Cash6%
How many clients does Magnate Advisory Services have?
Magnate Advisory Services has 1,576 clients and manages $314 million for them, as of March 2026. They include 1,505 individual clients, 67 high-net-worth individuals, and 4 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Magnate Advisory Services offer?
Magnate Advisory Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Magnate Advisory Services charge?
Magnate Advisory Services charges 0.75%–2.00% a year for its Portfolio Management Services. The whole portfolio is charged at the rate of its band. The fee is billed in arrears and is negotiable.
Which custodians does Magnate Advisory Services use?
Magnate Advisory Services’ separately managed account assets are held at Fidelity Distributors Company LLC (Boston, MA), with $264M and Capital Client Group, Inc. (Los Angeles, CA), with $40.5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Magnate Advisory Services have?
Magnate Advisory Services has 7 investment adviser representatives registered with state securities authorities, out of 7 employees, and 7 perform investment advisory functions. 5 employees are registered representatives of a broker-dealer and 6 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 Magnate Advisory Services invest in?
At the end of its last fiscal year, Magnate Advisory Services’ separately managed accounts held 36% exchange-traded equities, 34% registered funds (mutual funds, ETFs, BDCs), 22% investment grade corporate bonds, 6% cash and equivalents and 2% 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 Magnate Advisory Services?
Magnate Advisory Services’ direct owners are Brent Gorter (50% to 75%) and James Nicholson (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Magnate Advisory Services get paid?
Magnate 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
How do I contact Magnate Advisory Services?
Magnate Advisory Services’ main office is at 400 Blankenbaker Parkway, Suite 100, Louisville, KY 40243. Its phone number is 502-855-3160. Its website is magnatewealth.com.