{
  "crd_number": 141413,
  "slug": "brookstone-capital-management-llc-wheaton-il-141413",
  "primary_business_name": "BROOKSTONE CAPITAL MANAGEMENT LLC",
  "legal_name": "BROOKSTONE CAPITAL MANAGEMENT LLC",
  "dbas": [],
  "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": "2007-06-20",
  "years_registered": 19,
  "period": "2026-10-01",
  "filing_date": "2026-09-29",
  "carried_forward": false,
  "raum_total": 12750129748.0,
  "raum_discretionary": 12750129748.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 405,
  "advisory_employees": 320,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 11016487881.0,
      "count": 49950
    },
    "banking_thrift": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 1646141867.0,
      "count": 4860
    },
    "corporations_other_businesses": {
      "raum": 87500000.0,
      "count": 35
    },
    "sovereign_wealth_foreign_official": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 3,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV"
  ],
  "websites": [
    "https://brookstonecm.com",
    "https://facebook.com/BROOKSTONECAPITALMANAGEMENT",
    "https://instagram.com/brookstonecm",
    "https://linkedin.com/COMPANY/BROOKSTONE-CAPITAL-MANAGEMENT",
    "https://twitter.com/BROOKSTONECM"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/141413",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "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?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.D(5)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?"
    }
  ],
  "city_as_filed": "WHEATON",
  "url": "https://advisorcensus.com/firm/brookstone-capital-management-llc-wheaton-il-141413",
  "display_name": "Brookstone Capital Management LLC",
  "summary": "Brookstone Capital Management LLC is an SEC-registered investment advisory firm in Wheaton, IL, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 29, 2026.",
  "citation": "AdvisorCensus. Brookstone Capital Management LLC (CRD 141413): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Brookstone Capital Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Brookstone Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Brookstone Capital Management LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 11, 2026 states: Hourly rate: $350 an hour (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Brookstone Capital Management LLC located?",
      "a": "Brookstone Capital Management LLC's principal office is in Wheaton, IL, according to its Form ADV; the October 2026 filing also lists 25 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Brookstone Capital Management LLC registered with the SEC or a state?",
      "a": "Brookstone Capital Management LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 141413."
    },
    {
      "q": "How much does Brookstone Capital Management LLC manage?",
      "a": "Brookstone Capital Management LLC reports $12,750,129,748 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (100% discretionary)."
    },
    {
      "q": "How have Brookstone Capital Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Brookstone Capital Management LLC: Regulatory assets under management: $3,548,000,000 in the October 2021 data and $12,750,129,748 in the October 2026 data, up 259%. Total employees: 350 in October 2021 and 405 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Brookstone Capital Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (49,950); high net worth individuals (4,860); corporations or other businesses not listed above (35)."
    },
    {
      "q": "Does Brookstone Capital Management LLC report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction). 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/141413"
    },
    {
      "q": "What changed in Brookstone Capital 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": 3548000000.0,
      "total_employees": 350,
      "filing_date": "2021-08-27"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 8400000000.0,
      "total_employees": 360,
      "filing_date": "2022-05-19"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 7514377000.0,
      "total_employees": 385,
      "filing_date": "2023-03-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 8842567363.0,
      "total_employees": 395,
      "filing_date": "2024-08-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 10409137908.0,
      "total_employees": 395,
      "filing_date": "2025-07-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 12750129748.0,
      "total_employees": 405,
      "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": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 319 to 320.",
        "Regulatory assets under management went from $10,409,137,908 to $12,750,129,748 (+22%).",
        "Changed its office addresses in Brentwood, TN.",
        "Changed its office addresses in Buffalo Grove, IL.",
        "Changed its office addresses in Murfreesboro, TN.",
        "Changed its office addresses in Pittsburgh, PA.",
        "Changed its office addresses in Sidney, OH.",
        "Added an office in Fairfax, VA.",
        "Added an office in Flower Mound, TX.",
        "Added an office in Fort Wayne, IN.",
        "Added an office in Frankfort, IL.",
        "Added an office in Gray, TN.",
        "Added an office in Horsham, PA.",
        "Added an office in Indiana, PA.",
        "Added an office in Las Vegas, NV.",
        "Added an office in Northbrook, IL.",
        "Added an office in Palm Harbor, FL.",
        "Added an office in Shreveport, LA.",
        "Added an office in Southern Pines, NC.",
        "Added an office in Wheaton, IL.",
        "No longer lists an office in Castle Rock, CO.",
        "No longer lists an office in Deerfield, IL.",
        "No longer lists an office in Edwardsville, IL.",
        "No longer lists an office in Englewood, CO.",
        "No longer lists an office in Germantown, MD.",
        "No longer lists an office in Kokomo, IN.",
        "No longer lists an office in Lewisville, TX.",
        "No longer lists an office in Maitland, FL.",
        "No longer lists an office in Muskegon, MI.",
        "No longer lists an office in Palos Park, IL.",
        "No longer lists an office in Stevens Point, WI.",
        "No longer lists an office in Westlake, OH.",
        "No longer lists an office in Willow Grove, PA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 11, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $350 an hour (financial planning services)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $350 an hour (financial planning services)"
        ],
        "quotes": [
          "BCM charges an hourly fee of up to $350 per hour, billed in six minute increments, for financial planning services."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 350.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "financial planning services"
        }
      ]
    },
    "quotes": [
      "BCM charges an hourly fee of up to $350 per hour, billed in six minute increments, for financial planning services."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/brookstone-capital-management-llc-wheaton-il-141413.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 49950,
      "fewer_than_5": false,
      "raum": 11016487881.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 4860,
      "fewer_than_5": false,
      "raum": 1646141867.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 35,
      "fewer_than_5": false,
      "raum": 87500000.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "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/141413",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}