{ "crd_number": 153467, "slug": "brookstone-asset-management-llc-wheaton-il-153467", "primary_business_name": "BROOKSTONE ASSET MANAGEMENT, LLC", "legal_name": "BROOKSTONE ASSET MANAGEMENT, LLC", "dbas": [ "FORMULA FOLIO INVESTMENTS, LLC", "FORMULAFOLIOS" ], "city": "Wheaton", "state": "IL", "country": "United States", "cbsa_code": "16980", "metro": { "cbsa_code": "16980", "common_name": "Chicago", "msa_name": "Chicago-Naperville-Elgin, IL-IN", "path": "/advisors/il/chicago" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2011-11-28", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-09-29", "carried_forward": false, "raum_total": 597943509.0, "raum_discretionary": 597943509.0, "raum_non_discretionary": 0.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 5, "advisory_employees": 4, "client_count_bucket": null, "clients_by_type": { "investment_companies": { "raum": 597943509.0, "count": 8 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_investment_companies" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "IL", "MI" ], "websites": [ "https://brookstoneam.com", "https://formulafoliofunds.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/153467", "city_as_filed": "WHEATON", "url": "https://advisorcensus.com/firm/brookstone-asset-management-llc-wheaton-il-153467", "display_name": "Brookstone Asset Management, LLC", "summary": "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.", "citation": "AdvisorCensus. Brookstone Asset Management, LLC (CRD 153467): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "Portfolio management for investment companies (and business development companies)" ], "quick_answers": [ { "q": "How is Brookstone Asset Management, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Brookstone Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Brookstone Asset Management, LLC located?", "a": "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)." }, { "q": "Is Brookstone Asset Management, LLC registered with the SEC or a state?", "a": "Brookstone Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 153467." }, { "q": "How much does Brookstone Asset Management, LLC manage?", "a": "Brookstone Asset Management, LLC reports $597,943,509 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (100% discretionary)." }, { "q": "How have Brookstone Asset Management, LLC's assets and staff changed since 2021?", "a": "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." }, { "q": "What types of clients does Brookstone Asset Management, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: investment companies (8)." }, { "q": "Does Brookstone Asset Management, LLC report any disciplinary disclosures?", "a": "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" }, { "q": "What changed in Brookstone Asset Management, LLC's recent Form ADV filings?", "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 3467023250.0, "total_employees": 30, "filing_date": "2021-09-07" }, { "period": "2022-10-01", "regulatory_assets_under_management": 484345000.0, "total_employees": 6, "filing_date": "2022-05-19" }, { "period": "2023-10-01", "regulatory_assets_under_management": 219593000.0, "total_employees": 6, "filing_date": "2023-05-22" }, { "period": "2024-10-01", "regulatory_assets_under_management": 384902333.0, "total_employees": 6, "filing_date": "2024-03-05" }, { "period": "2025-10-01", "regulatory_assets_under_management": 507587539.0, "total_employees": 5, "filing_date": "2025-01-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 597943509.0, "total_employees": 5, "filing_date": "2026-09-29" } ], "recent_changes": [ { "period": "2026-10-01", "period_label": "October 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-03-01", "period_label": "March 2026", "notes": [ "Regulatory assets under management went from $507,587,539 to $597,943,509 (+18%)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/brookstone-asset-management-llc-wheaton-il-153467.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 8, "fewer_than_5": false, "raum": 597943509.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/153467", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }