{"url":"https://nivawealth.com/firms/monorail-securities-285309","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/285309","regulatoryAum":388662775,"crd":"285309","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5757493","suffix":null,"lastName":"DICKSON","firstName":"PHILLIP","middleName":"BRUCE"},{"crd":"705094","suffix":null,"lastName":"KENNEDY","firstName":"MARK","middleName":"JOSEPH"}],"total":2,"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":"2021-07-27","regulatoryAum":75682810,"clients":2900,"employees":3,"offices":1},{"filedOn":"2022-05-16","regulatoryAum":2508673,"clients":2778,"employees":3,"offices":1},{"filedOn":"2023-03-28","regulatoryAum":3000000,"clients":5551,"employees":8,"offices":1},{"filedOn":"2024-07-17","regulatoryAum":146815,"clients":386,"employees":4,"offices":1},{"filedOn":"2025-07-09","regulatoryAum":294977939,"clients":1469,"employees":6,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":388662775,"clients":2402,"employees":7,"offices":1}],"secFileNumber":"801-108517","legalName":"Monorail Securities LLC","displayName":"Monorail Securities","slug":"monorail-securities-285309","website":"https://monorail.com/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"Florida limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3322 Bee Ridge RD, Suite 200","city":"Sarasota","state":"FL","stateName":"Florida","country":"United States","postalCode":"34239"},"tradeNames":[],"registration":{"secApproved":"18 October 2016","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":7,"advisory":3,"brokerDealerReps":0,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":388662775,"discretionary":388662775,"discretionaryAccounts":2403,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":7613916,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":1403,"regulatoryAum":1337972},{"label":"High-net-worth individuals","clients":null,"fewerThan5":true,"regulatoryAum":1200000},{"label":"Other investment advisers","clients":999,"regulatoryAum":386124803}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":386124803},{"name":"Apex Clearing Corporation","shortName":"Apex Clearing","location":"Dallas, TX","smaAssets":2537972}],"custodyNote":"Monorail Securities does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"John Tarleton","title":"Chief Compliance Officer","crd":"1390864"},{"name":"Phillip Dickson","title":"Managing Member","crd":"5757493"}],"ownership":[{"label":"Monorail, Inc.","detail":"Owner in the 75% or more ownership band and a control person, since June 2024."},{"label":"Monorail Financial, LLC","detail":"Indirect owner: a owner of Monorail, Inc. in the 75% or more band and a control person, since June 2024.","parent":"Monorail, Inc."},{"label":"Phillip Dickson","detail":"Indirect owner: a owner of Monorail Financial, LLC in the 25% to 50% band and a control person, since November 2017.","parent":"Monorail Financial, LLC"},{"label":"Stuart Dickson","detail":"Indirect owner: a owner of Monorail Financial, LLC in the 25% to 50% band and a control person, since November 2017.","parent":"Monorail Financial, LLC"},{"label":"Margaret Hixon","detail":"Indirect owner: a owner of Monorail Financial, LLC in the 25% to 50% band and a control person, since November 2017.","parent":"Monorail Financial, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"3322 Bee Ridge RD, Suite 200","city":"Sarasota","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"941-925-2121","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Subscription fees"],"activities":["Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"2500","assetMix":[{"label":"Exchange-traded equity securities","percent":100}],"privateFunds":0},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/285309/PDF/285309.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 Monorail Securities have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Monorail Securities offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Monorail Securities use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Monorail Securities have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Monorail Securities invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Monorail Securities?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Monorail Securities get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Monorail Securities?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 31 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."}