# 1st Discount Brokerage, Inc.

> 1st Discount Brokerage, Inc. is an SEC-registered investment advisory firm in Lake Worth, FL, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 39164
- Filed as: 1ST DISCOUNT BROKERAGE, INC.
- Also doing business as: 1DB ASSET MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lake Worth, FL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/39164
- AdvisorCensus page: https://advisorcensus.com/firm/1st-discount-brokerage-inc-lake-worth-fl-39164

## Quick answers

**How is 1st Discount Brokerage, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), 1st Discount Brokerage, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does 1st Discount Brokerage, Inc. charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is 1st Discount Brokerage, Inc. located?**
1st Discount Brokerage, Inc.'s principal office is in Lake Worth, FL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is 1st Discount Brokerage, Inc. registered with the SEC or a state?**
1st Discount Brokerage, Inc. is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 39164.

**How much does 1st Discount Brokerage, Inc. manage?**
1st Discount Brokerage, Inc. reports $131,402,154 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (58% discretionary).

**How have 1st Discount Brokerage, Inc.'s assets and staff changed since 2025?**
In the Form ADV data for 1st Discount Brokerage, Inc.: Regulatory assets under management: $108,117,119 in the October 2025 data and $131,402,154 in the October 2026 data, up 22%. Total employees: 9 in October 2025 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does 1st Discount Brokerage, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (133); high net worth individuals (83); pension and profit sharing plans (but not the plan participants or government pension plans) (1).

**Which custodians does 1st Discount Brokerage, Inc. use?**
1st Discount Brokerage, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Apex Clearing Corporation and Pershing LLC as custodians holding 10% or more of its separately managed account assets.

**Does 1st Discount Brokerage, Inc. report any disciplinary disclosures?**
Reports 6 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), 11.D(2) (another regulator's finding of a violation), 11.E(1) (self-regulatory organization's finding of a false statement or omission), and 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/39164

**What changed in 1st Discount Brokerage, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 9 to 8. Regulatory assets under management went from $108,117,119 to $131,402,154 (+22%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 1% of assets a year

> 1DB Digital Advisory Annual fee: 1.00% (100 basis points) of the end-of-month total account balance, calculated monthly and charged quarterly

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Apex Clearing Corporation
- Pershing LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $131,402,154
- Discretionary: $76,485,338
- Non-discretionary: $54,916,816

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 133 | $9,587,638 |
| High net worth individuals | 83 | $117,961,300 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $437,140 |
| Charitable organizations | 1 | $1,536,061 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 1 | $1,880,015 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- 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)
- Other

### Firm details
- Registered since: 2025 (1 year)
- Employees: 8 total, 8 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AR, CA, FL, MA, MN, NJ, PA, RI, TN, TX
- Disclosures (Item 11): Reports 6 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.E(1): Has a self-regulatory organization (such as FINRA) or a commodities exchange ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/39164

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Providence, RI

### Websites listed on Form ADV (Item 1.I)
- 1db.com
- Facebook @1st-Discount-Brokerage-Inc-514429545309867

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $108,117,119 | 9 | July 1, 2025 |
| October 2026 | $131,402,154 | 8 | March 31, 2026 |

Regulatory assets under management: $108,117,119 in the October 2025 data and $131,402,154 in the October 2026 data, up 22%.
Total employees: 9 in October 2025 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 9 to 8.
- Regulatory assets under management went from $108,117,119 to $131,402,154 (+22%).

### December 2025
- Registered or notice-filed in MN.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. 1st Discount Brokerage, Inc. (CRD 39164): Form ADV filing data as of October 2026.