{"url":"https://nivawealth.com/firms/trust-advisory-group-106926","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106926","regulatoryAum":313523737,"crd":"106926","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4046055","suffix":null,"lastName":"ALTIERI","firstName":"LUIGI","middleName":"ANTHONY"},{"crd":"2891582","suffix":null,"lastName":"CAHILL","firstName":"PETER","middleName":"PATRICK"},{"crd":"2891466","suffix":null,"lastName":"CARNES","firstName":"WILDER","middleName":"DOUGLAS"},{"crd":"1241917","suffix":null,"lastName":"CLAYTON","firstName":"AMY","middleName":"ELLEN"},{"crd":"5191639","suffix":null,"lastName":"DRUCKENMILLER","firstName":"ALAN","middleName":"RAY"},{"crd":"2488456","suffix":null,"lastName":"GATES","firstName":"AMY","middleName":"LORRAINE"},{"crd":"5899947","suffix":null,"lastName":"KELLY","firstName":"ROBERT","middleName":null},{"crd":"4592565","suffix":null,"lastName":"LYTLE","firstName":"MICHAEL","middleName":"THOMAS"},{"crd":"1752250","suffix":null,"lastName":"MAJANE","firstName":"PAUL","middleName":"WILFRED"},{"crd":"2220863","suffix":"JR.","lastName":"MARSDEN","firstName":"JOSEPH","middleName":"P."},{"crd":"1382957","suffix":null,"lastName":"MCCANCE","firstName":"WILLIAM","middleName":"HENRY"},{"crd":"1209387","suffix":"JR","lastName":"NUGENT","firstName":"BERNARD","middleName":"EDWARD"},{"crd":"3037932","suffix":null,"lastName":"RICHARDSON","firstName":"MARCUS","middleName":"BRYANT"},{"crd":"718476","suffix":null,"lastName":"SPEZIALE","firstName":"ANTHONY","middleName":"DAVID"},{"crd":"855120","suffix":null,"lastName":"STUBER","firstName":"JERRY","middleName":"MALCOLM"},{"crd":"2760970","suffix":null,"lastName":"WOODWARD","firstName":"MAYO","middleName":"M"},{"crd":"2757863","suffix":null,"lastName":"WYMAN","firstName":"ANDREW","middleName":"CLAYTON"}],"total":17,"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":512853076,"clients":1784,"employees":51,"offices":41},{"filedOn":"2022-07-22","regulatoryAum":613580405,"clients":2076,"employees":49,"offices":41},{"filedOn":"2023-03-31","regulatoryAum":499698033,"clients":2077,"employees":43,"offices":41},{"filedOn":"2024-03-28","regulatoryAum":560370155,"clients":2056,"employees":43,"offices":41},{"filedOn":"2025-07-29","regulatoryAum":494407359,"clients":1119,"employees":30,"offices":22},{"filedOn":"2026-06-17","regulatoryAum":313523737,"clients":564,"employees":22,"offices":15}],"secFileNumber":"801-46919","legalName":"Trust Advisory Group LTD","displayName":"Trust Advisory Group","slug":"trust-advisory-group-106926","website":"https://morristowncapital.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"broker_dealer_network","typeLabel":"Broker-dealer affiliate","feeDisclosure":"summary"},"founded":null,"organization":"Massachusetts corporation","fiscalYearEnd":"December","headquarters":{"street":"2 Perimeter Park South, Suite 500 West","city":"Birmingham","state":"AL","stateName":"Alabama","country":"United States","postalCode":"35243"},"tradeNames":["Investment Securities Group","Life Path Financial Services","MDS Financial","Morristown Capital Associates LLC","Primary Wealth Care Providers, LLC","Solares Hill Advisors","Stonex Wealth Management"],"registration":{"secApproved":"25 July 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032526","fee_rate_low":null,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T08:13:24.851207+00:00","documents":[{"name":"TAG ADV2A 032526","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025613","versionId":1025613,"submittedOn":"2026-03-25"}]},"custodians":[{"name":"Stonex Financial Inc.","shortName":"Stonex Financial","location":"Birmingham, AL","smaAssets":231524803},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":80473795}],"custodyNote":"Trust Advisory Group has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Marcus Richardson","title":"Chief Operations Officer / Chief Executive Officer","crd":"3037932"},{"name":"Joseph Porzio","title":"Chief Financial Officer","crd":"1319702"},{"name":"Brian Parker","title":"Chief Compliance Officer","crd":"4635848"},{"name":"Andrew Chambless","title":"General Counsel","crd":"5119116"},{"name":"Stuart Davison","title":"Director","crd":"7824576"},{"name":"William Dunaway","title":"Director","crd":"6505923"},{"name":"Charles Lyon","title":"Director","crd":"4000852"},{"name":"Mark Maurer","title":"Director","crd":"4234406"},{"name":"James McAuslan","title":"Director","crd":"7658964"},{"name":"Philip Smith","title":"Director","crd":"4999097"}],"ownership":[{"label":"Stonex Group Inc.","detail":"Owner in the 75% or more ownership band and a control person, since July 2025."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":14,"privateResidences":9},"listedOfficeAddresses":6,"foreignOffices":[],"officesByState":[{"state":"Alabama","offices":1,"addresses":[{"street":"2 Perimeter Park South, Suite 500 West","city":"Birmingham","headquarters":true}]},{"state":"Massachusetts","offices":4,"addresses":[{"street":"38 Main St","city":"Saugus"},{"street":"847 Washington Street","city":"Holliston"},{"street":"23 O2 White'S Path","city":"South Yarmouth"},{"street":"123 Haven St","city":"Reading"}]},{"state":"New Jersey","offices":1,"addresses":[{"street":"245 Main St","city":"Chester"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"800-292-2411","stateRegisteredReps":16,"otherAdviserReps":0,"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","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":41},{"label":"U.S. government/agency bonds","percent":2},{"label":"U.S. state and local bonds","percent":4},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":34},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":14},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"17 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106926/PDF/106926.pdf","brochureDate":"25 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025613","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 Trust Advisory Group have?","answer":"Trust Advisory Group has 564 clients and manages $314 million for them, as of June 2026. They include 492 individual clients, 70 high-net-worth individuals, and 2 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 17 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Trust Advisory Group offer?","answer":"Trust Advisory Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.","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 Trust Advisory Group charge?","answer":"Trust Advisory Group charges up to 2.00% a year for its Asset management services.","source":"TAG ADV2A 032526, filed 25 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Trust Advisory Group use?","answer":"Trust Advisory Group’s separately managed account assets are held at Stonex Financial Inc. (Birmingham, AL), with $232M and Charles Schwab & Co., Inc. (San Francisco, CA), with $80.5M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 June 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Trust Advisory Group have?","answer":"Trust Advisory Group has 16 investment adviser representatives registered with state securities authorities, out of 22 employees, and 22 perform investment advisory functions. 22 employees are registered representatives of a broker-dealer and 15 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 Trust Advisory Group invest in?","answer":"At the end of its last fiscal year, Trust Advisory Group’s separately managed accounts held 41% exchange-traded equities, 34% registered funds (mutual funds, ETFs, BDCs), 14% pooled vehicles (private funds and similar), 4% state and local bonds, 4% cash and equivalents, 2% U.S. government and agency bonds and 1% investment grade corporate 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 Trust Advisory Group?","answer":"Trust Advisory Group’s direct owner is Stonex Group Inc. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 17 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Trust Advisory Group get paid?","answer":"Trust Advisory Group 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 Trust Advisory Group?","answer":"Trust Advisory Group’s main office is at 2 Perimeter Park South, Suite 500 West, Birmingham, AL 35243. Its phone number is 800-292-2411. Its website is morristowncapital.com.","source":"Form ADV Part 1A, Item 1.F, filed 17 June 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."}