{ "crd_number": 134086, "slug": "level-four-advisory-services-dallas-tx-134086", "primary_business_name": "LEVEL FOUR ADVISORY SERVICES", "legal_name": "LEVEL FOUR ADVISORY SERVICES, LLC", "dbas": [ "BLAKE FINANCIAL, INC.", "BRUNO INVESTMENT MANAGEMENT", "COHEN INVESTMENT MANAGEMENT", "CONSULTING AND INVESTMENT OF PANAMA CITY", "CRESCENT CAPITAL MANAGEMENT", "DF CONSULTANTS", "ENTIRETY WEALTH SOLUTIONS", "FINANCIAL INDEPENDENCE, LLC", "GARRETT WEALTH MANAGEMENT", "GOLDEN LEAF ASSET MANAGEMENT", "GORE SADTLER WEALTH MANAGEMENT", "GRANVILLE FINANCIAL", "HARBOR FINANCIAL SERVICES", "IGNITE FINANCIAL GROUP", "KEIBER RETIREMENT SOLUTIONS", "KEIBER SENIOR SERVICES", "KING TIDE RETIREMENT PARTNERS", "KIRKLEY INVESTMENT GROUP, LLC", "LEVEL FOUR ADVISORY SERVICES, A DIVISION OF CARR, RIGGS AND INGRAM CAPITAL LLC", "LEVEL FOUR FINANCIAL", "LEVEL FOUR GROUP, LLC", "LEVEL FOUR PRIVATE CLIENT, LLC", "LEVEL FOUR SPORTS & ENTERTAINMENT", "LION CROWN WEALTH MANAGEMENTL, LLC", "MAGNUSON FINANCIAL", "MID-ATLANTIC SECURITIES, A LEVEL FOUR FINANCIAL & LEVEL FOUR ADVISORY SERVICES COMPANY", "MJM WEALTH MANAGEMENT, LLC", "NEUBRANDER FINANCIAL SERVICES", "PARKER FINANCIAL SERVICES", "PAUL R. MORRIS INTEGRATED STRATEGIES", "PERSONALIZED SERVICES INSURANCE", "PHILLIPS WEALTH MANAGEMENT", "PINNACLE WEALTH ADVISORS", "REGROUP WEALTH, LLC", "SPARTAN PRIVATE WEALTH MANAGEMENT", "SUMMIT FINANCIAL ADVISORS", "THOMAS PRIVATE WEALTH MANAGEMENT", "TLC ADVISORY GROUP", "WALL STREET FINANCIAL", "WALTERS WEALTH MANAGEMENT" ], "city": "Dallas", "state": "TX", "country": "United States", "cbsa_code": "19100", "metro": { "cbsa_code": "19100", "common_name": "Dallas", "msa_name": "Dallas-Fort Worth-Arlington, TX", "path": "/advisors/tx/dallas" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2006-03-03", "years_registered": 20, "period": "2026-10-01", "filing_date": "2026-09-11", "carried_forward": false, "raum_total": 6543203513.0, "raum_discretionary": 5883647645.0, "raum_non_discretionary": 659555868.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 136, "advisory_employees": 119, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 56479623.0, "count": 67 }, "individuals": { "raum": 1558014735.0, "count": 9889 }, "pension_profit_sharing": { "raum": 1438314431.0, "count": 537 }, "high_net_worth_individuals": { "raum": 3207216772.0, "count": 5075 }, "corporations_other_businesses": { "raum": 283177952.0, "count": 152 } }, "compensation_types": [ "fixed", "hourly", "other", "percentage_of_aum" ], "advisory_activities": [ "educational_seminars", "financial_planning", "pension_consulting", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": true, "disclosure_yes_count": 0, "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", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VI", "VT", "WA", "WI", "WV", "WY" ], "websites": [ "https://blakestatham.com", "https://brunoinvest.com", "https://crescentcm.com", "https://dfc-wealth.com", "https://entiretywealth.com", "https://financialbootcamp.com", "https://financialind.com", "https://garrettwm.com", "https://granvillefinancial.com", "https://harborfspc.com", "https://hfdfwealth.com", "https://investgswealth.com", "https://keiberretirementsolutions.com", "https://kingtideretirement.com", "https://levelfourgroup.com", "https://levelfourgroup.com/lfas", "https://levelfourgroup.com/lfcm", "https://levelfourgroup.com/lff", "https://lioncrownwealthmanagement.com", "https://michaeltdoll.com", "https://midatlanticculpeper.com", "https://paulrmorris.net", "https://petergmagnuson.com", "https://regroupwealthllc.com", "https://summitadvisorsmn.com", "https://tlcadvisorygroup.com", "https://walterswealthmanagement.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/134086", "city_as_filed": "DALLAS", "url": "https://advisorcensus.com/firm/level-four-advisory-services-dallas-tx-134086", "display_name": "Level Four Advisory Services", "summary": "Level Four Advisory Services is an SEC-registered investment advisory firm in Dallas, TX, registered since 2006, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 11, 2026.", "citation": "AdvisorCensus. Level Four Advisory Services (CRD 134086): 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)", "Other" ], "advisory_activity_labels": [ "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)", "Educational seminars/workshops" ], "quick_answers": [ { "q": "How is Level Four Advisory Services compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Level Four Advisory Services reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other." }, { "q": "Where is Level Four Advisory Services located?", "a": "Level Four Advisory Services' principal office is in Dallas, TX, according to its Form ADV; the October 2026 filing also lists 23 other offices (Schedule D, Section 1.F)." }, { "q": "Is Level Four Advisory Services registered with the SEC or a state?", "a": "Level Four Advisory Services is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 134086." }, { "q": "How much does Level Four Advisory Services manage?", "a": "Level Four Advisory Services reports $6,543,203,513 in regulatory assets under management in its Form ADV filing dated September 11, 2026 (90% discretionary)." }, { "q": "How have Level Four Advisory Services' assets and staff changed since 2021?", "a": "In the Form ADV data for Level Four Advisory Services: Regulatory assets under management: $2,792,891,273 in the October 2021 data and $6,543,203,513 in the October 2026 data, up 134%. Total employees: 134 in October 2021 and 136 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Level Four Advisory Services serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (9,889); high net worth individuals (5,075); pension and profit sharing plans (but not the plan participants or government pension plans) (537)." }, { "q": "Which custodians does Level Four Advisory Services use?", "a": "Level Four Advisory Services' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Distributors Company LLC and Raymond James & Associates, Inc. as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Level Four Advisory Services 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/134086" }, { "q": "What changed in Level Four Advisory Services' 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": 2792891273.0, "total_employees": 134, "filing_date": "2021-09-09" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2880466580.0, "total_employees": 111, "filing_date": "2022-08-01" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3723158922.0, "total_employees": 135, "filing_date": "2023-09-12" }, { "period": "2024-10-01", "regulatory_assets_under_management": 4329749207.0, "total_employees": 148, "filing_date": "2024-03-27" }, { "period": "2025-10-01", "regulatory_assets_under_management": 5320412049.0, "total_employees": 132, "filing_date": "2025-03-27" }, { "period": "2026-10-01", "regulatory_assets_under_management": 6543203513.0, "total_employees": 136, "filing_date": "2026-09-11" } ], "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": [ "No longer lists the business name Worthy & Associates Financial & Estate Planning.", "No longer lists the business name Sandbar Investment Management.", "No longer lists the business name Jeff Harris & Associates.", "No longer lists the business name Cowen Financial Services.", "No longer lists the business name Gore Capital Management.", "No longer lists the business name Legacy Wealth Partners.", "Added the business name Spartan Private Wealth Management.", "Added the business name Gore Sadtler Wealth Management.", "Added the business name Level Four Group, LLC.", "Employees performing advisory functions went from 115 to 119.", "Regulatory assets under management went from $5,320,412,049 to $6,543,203,513 (+23%).", "Changed its office addresses in Atlanta, GA.", "Added an office in Culpeper, VA.", "Added an office in Williamsburg, VA.", "No longer lists an office in Baton Rouge, LA.", "No longer lists an office in Grosse Pointe Park, MI." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Fidelity Distributors Company LLC", "name_as_filed": "FIDELITY DISTRIBUTORS COMPANY LLC", "affiliated": false }, { "name": "Raymond James & Associates, Inc.", "name_as_filed": "RAYMOND JAMES & ASSOCIATES, INC.", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/level-four-advisory-services-dallas-tx-134086.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 9889, "fewer_than_5": false, "raum": 1558014735.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 5075, "fewer_than_5": false, "raum": 3207216772.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 537, "fewer_than_5": false, "raum": 1438314431.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 67, "fewer_than_5": false, "raum": 56479623.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 152, "fewer_than_5": false, "raum": 283177952.0 } ], "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/134086", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }