Monorail Securities provides portfolio management for individuals and small businesses. Financial planning was provided to 2,500 clients last fiscal year.
Monorail Securities reports 2,402 clients. They include 1,403 individuals and 999 other investment advisers. Of its assets, 100.0% ($389M across 2,403 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $7.61M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 58% | <1% |
| High-net-worth individuals | Fewer than 5 | <1% |
| Other investment advisers | 42% | 99% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,403 | $1.34M | 0.3% | $954 |
| High-net-worth individuals | Fewer than 5 | $1.2M | 0.3% | — |
| Other investment advisers | 999 | $386M | 99.3% | $387K |
| Total | 2,402 | $389M | 100% | — |
- Clients
- 1,403
- Regulatory AUM
- $1.34M
- AUM share
- 0.3%
- Avg. per client
- $954
- Clients
- Fewer than 5
- Regulatory AUM
- $1.2M
- AUM share
- 0.3%
- Avg. per client
- —
- Clients
- 999
- Regulatory AUM
- $386M
- AUM share
- 99.3%
- Avg. per client
- $387K
Total
- Clients
- 2,402
- Regulatory AUM
- $389M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 2500
Monorail Securities is paid through a percentage of assets under management and subscription fees; its fees and minimums are set out in its brochures on the SEC website.
Monorail, Inc. owns 75% or more of Monorail Securities and is in turn owned by Monorail Financial, LLC (75% or more). The leadership team of Monorail Securities includes Chief Compliance Officer John Tarleton. It has 7 employees, 3 of them in advisory roles.
Staff
- 7 employees
- 3 in advisory functions
- 3 state-registered reps
- 3 insurance agents
- Owns 75% or more of Monorail Securities LLC
Monorail, Inc.
Control person · since June 2024
- Owns 75% or more of Monorail, Inc.
Monorail Financial, LLC
Control person · since June 2024
- Owns 25% to 50% of Monorail Financial, LLC
Phillip Dickson
Control person · since November 2017
- Owns 25% to 50% of Monorail Financial, LLC
Stuart Dickson
Control person · since November 2017
- Owns 25% to 50% of Monorail Financial, LLC
Margaret Hixon
Control person · since November 2017
Monorail Securities’ regulatory assets grew 5.1× from $75.7M (July 2021) to $389M (March 2026); clients fell from 2,900 to 2,402 and employees rose from 3 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $389M | 2,402 | 7 | 1 |
| Jul 2025July 2025 | $295M | 1,469 | 6 | 1 |
| Jul 2024July 2024 | $147K | 386 | 4 | 1 |
| Mar 2023March 2023 | $3M | 5,551 | 8 | 1 |
| May 2022May 2022 | $2.51M | 2,778 | 3 | 1 |
| Jul 2021July 2021 | $75.7M | 2,900 | 3 | 1 |
Besides its headquarters, Monorail Securities has 0 offices, with 1 listed address in 1 state.
Florida · 1 listed address
- 3322 Bee Ridge RD, Suite 200, SarasotaHQ
Contact and registration details
- Legal name
- Monorail Securities LLC
- Headquarters
- 3322 Bee Ridge RD, Suite 200, Sarasota, FL 34239
- Website
- monorail.com
- Phone
- 941-925-2121
- SEC file
- 801-108517
- Structure
- Florida LLC
- Fiscal year end
- December
Monorail Securities’ named custodians for separately managed accounts are Charles Schwab ($386M, 99%) and Apex Clearing ($2.54M, 1%). Monorail Securities does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $386M99%
- Apex ClearingApex Clearing Corporation · Dallas, TX · $2.54M1%
At year end, Monorail Securities’ separately managed accounts were mostly in stocks (100%).
What the accounts hold
- Stocks100%
How many clients does Monorail Securities have?
Monorail Securities has 2,402 clients and manages $389 million for them, as of March 2026. They include 1,403 individuals and 999 other investment advisers.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Monorail Securities offer?
Monorail Securities provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Monorail Securities use?
Monorail Securities’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $386M and Apex Clearing Corporation (Dallas, TX), with $2.54M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Monorail Securities have?
Monorail Securities has 3 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 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 Monorail Securities invest in?
At the end of its last fiscal year, Monorail Securities’ separately managed accounts held 100% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Monorail Securities?
Monorail Securities is owned through a chain of holding companies by Phillip and Stuart Dickson and Margaret Hixon. Its direct owner is Monorail, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Monorail Securities get paid?
Monorail Securities is paid through a percentage of assets under management and subscription 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 Monorail Securities?
Monorail Securities’ main office is at 3322 Bee Ridge RD, Suite 200, Sarasota, FL 34239. Its phone number is 941-925-2121. Its website is monorail.com.