AdvisorCensus / Financial advisors / Illinois / Chicago / Brookstone Asset Management, LLC
Brookstone Asset Management, LLC is an SEC-registered investment advisory firm in Wheaton, IL, registered since 2011, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 29, 2026.
Quick answers
From the filingHow is Brookstone Asset Management, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Brookstone Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management.
Where is Brookstone Asset Management, LLC located?
Brookstone Asset Management, LLC's principal office is in Wheaton, IL, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Brookstone Asset Management, LLC registered with the SEC or a state?
Brookstone Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 153467.
How much does Brookstone Asset Management, LLC manage?
Brookstone Asset Management, LLC reports $597,943,509 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (100% discretionary).
How have Brookstone Asset Management, LLC's assets and staff changed since 2021?
In the Form ADV data for Brookstone Asset Management, LLC: Regulatory assets under management: $3,467,023,250 in the October 2021 data and $597,943,509 in the October 2026 data, down 83%. Total employees: 30 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Brookstone Asset Management, LLC serve?
By number of clients on Form ADV Item 5.D: investment companies (8).
Does Brookstone Asset Management, LLC report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/153467
What changed in Brookstone Asset Management, LLC's recent Form ADV filings?
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Regulatory assets under management
Item 5.F$597,943,509 as of October 2026, filing dated September 29, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for investment companies (and business development companies)
Registration and firm details
Items 1, 2, 5- Also doing business as
- FORMULA FOLIO INVESTMENTS, LLC, FORMULAFOLIOS
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2011 (14 years)
- Employees
- Total: 5. Performing investment advisory functions: 4.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the October 2026 filing
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $597,943,509 | 5 | September 29, 2026 |
| October 2025 | $507,587,539 | 5 | January 31, 2025 |
| October 2024 | $384,902,333 | 6 | March 5, 2024 |
| October 2023 | $219,593,000 | 6 | May 22, 2023 |
| October 2022 | $484,345,000 | 6 | May 19, 2022 |
| October 2021 | $3,467,023,250 | 30 | September 7, 2021 |
Regulatory assets under management: $3,467,023,250 in the October 2021 data and $597,943,509 in the October 2026 data, down 83%.
Total employees: 30 in October 2021 and 5 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- October 2026
- Updated its list of owners and control persons (Schedule A).
- March 2026
- Regulatory assets under management went from $507,587,539 to $597,943,509 (+18%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Brookstone Asset Management, LLC (CRD 153467): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/brookstone-asset-management-llc-wheaton-il-153467