{"url":"https://nivawealth.com/firms/magnate-advisory-services-283056","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/283056","regulatoryAum":314131225,"crd":"283056","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5389640","suffix":null,"lastName":"DENHAM","firstName":"JOHN","middleName":"STERLING"},{"crd":"4779103","suffix":null,"lastName":"DITTO","firstName":"BRENTON","middleName":"E"},{"crd":"5079238","suffix":null,"lastName":"DOWNS","firstName":"VALERIE","middleName":"M."},{"crd":"7690925","suffix":null,"lastName":"Frantz","firstName":"Zachary","middleName":null},{"crd":"4544306","suffix":null,"lastName":"GORTER","firstName":"BRENT","middleName":"ALLEN"},{"crd":"1067761","suffix":null,"lastName":"HAGEDORN","firstName":"THOMAS","middleName":"WILLIAM"},{"crd":"5313260","suffix":"JR.","lastName":"NICHOLSON","firstName":"JAMES","middleName":"CURRY"}],"total":7,"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":"2021-03-31","regulatoryAum":230316952,"clients":1689,"employees":12,"offices":5},{"filedOn":"2022-03-29","regulatoryAum":164907978,"clients":1588,"employees":8,"offices":3},{"filedOn":"2023-03-30","regulatoryAum":167623753,"clients":1692,"employees":8,"offices":3},{"filedOn":"2024-04-01","regulatoryAum":209933238,"clients":1201,"employees":7,"offices":3},{"filedOn":"2025-03-27","regulatoryAum":260916167,"clients":1298,"employees":6,"offices":3},{"filedOn":"2026-03-30","regulatoryAum":314131225,"clients":1576,"employees":7,"offices":4}],"secFileNumber":"801-118616","legalName":"Magnate Advisory Services, LLC","displayName":"Magnate Advisory Services","slug":"magnate-advisory-services-283056","website":"https://magnatewealth.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/magnate-wealth-management","xUrl":"https://www.twitter.com/magnatewealth","founded":null,"organization":"Kentucky limited liability company","fiscalYearEnd":"December","headquarters":{"street":"400 Blankenbaker Parkway, Suite 100","city":"Louisville","state":"KY","stateName":"Kentucky","country":"United States","postalCode":"40243"},"tradeNames":["Ditto Wealth Management LLC","Magnate Wealth","Magnate Wealth Management","Magnate Wealth Management LLC","Mike Brooks & Associates, Inc."],"registration":{"secApproved":"29 April 2020","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":193542.70610687023,"staff":{"employees":7,"advisory":7,"brokerDealerReps":5,"insuranceAgents":6,"promoters":0},"aum":{"regulatory":314131225,"discretionary":304249134,"discretionaryAccounts":2225,"nonDiscretionary":9882091,"nonDiscretionaryAccounts":4,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":1576},"clientTypes":[{"label":"Individuals (other than HNW)","clients":1505,"regulatoryAum":188773429},{"label":"High-net-worth individuals","clients":67,"regulatoryAum":115475705},{"label":"Pension and profit-sharing plans","clients":4,"fewerThan5":true,"regulatoryAum":9882091}],"feePrograms":[{"role":"main","program":"Portfolio Management Services","feeBasis":"whole_balance","fee_tiers":[{"to":250000,"pct":2,"from":0},{"to":500000,"pct":1.75,"from":250000},{"to":1000000,"pct":1.5,"from":500000},{"to":5000000,"pct":1.25,"from":1000000},{"to":10000000,"pct":1,"from":5000000},{"to":null,"pct":0.75,"from":10000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034069","versionId":1034069,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-30","documentName":"MASLLC FORM ADV PART 2A 2025","fee_rate_low":0.75,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034069","versionId":1034069,"submittedOn":"2026-03-30","documentName":"MASLLC FORM ADV PART 2A 2025"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T10:11:58.636016+00:00","documents":[{"name":"MASLLC FORM ADV PART 2A 2025","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034069","versionId":1034069,"submittedOn":"2026-03-30"}]},"custodians":[{"name":"Fidelity Distributors Company LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":263769874},{"name":"Capital Client Group, Inc.","shortName":"Capital Client Group","location":"Los Angeles, CA","smaAssets":40479259}],"custodyNote":"Magnate Advisory Services does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"James Nicholson","title":"Managing Partner/Chief Compliance Officer","crd":"5313260"},{"name":"Brent Gorter","title":"Senior Partner","crd":"4544306"}],"ownership":[{"label":"Brent Gorter","detail":"Senior partner in the 50% to 75% ownership band and a control person, since February 2016."},{"label":"James Nicholson","detail":"Managing partner/chief compliance officer in the 50% to 75% ownership band and a control person, since February 2016."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":1},"listedOfficeAddresses":3,"foreignOffices":[],"officesByState":[{"state":"Kentucky","offices":3,"addresses":[{"street":"400 Blankenbaker Parkway, Suite 100","city":"Louisville","headquarters":true},{"street":"201 East Stephen Foster","city":"Bardstown"},{"street":"300 W. Dixie Avenue","city":"Elizabethtown"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"502-855-3160","stateRegisteredReps":7,"otherAdviserReps":1,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Educational seminars/workshops","Other"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":36},{"label":"U.S. state and local bonds","percent":2},{"label":"Investment grade corporate bonds","percent":22},{"label":"Securities issued by registered investment companies or business development companies","percent":34},{"label":"Cash and cash equivalents","percent":6}],"privateFunds":0},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/283056/PDF/283056.pdf","brochureDate":"30 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034069","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Magnate Advisory Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Magnate Advisory Services offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Magnate Advisory Services charge?","answer":"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.","source":"MASLLC FORM ADV PART 2A 2025, filed 30 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Magnate Advisory Services use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Magnate Advisory Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Magnate Advisory Services invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Magnate Advisory Services?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Magnate Advisory Services get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Magnate Advisory Services?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 30 March 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."}