{
  "crd_number": 283056,
  "slug": "magnate-advisory-services-llc-louisville-ky-283056",
  "primary_business_name": "MAGNATE ADVISORY SERVICES, LLC",
  "legal_name": "MAGNATE ADVISORY SERVICES, LLC",
  "dbas": [
    "DITTO WEALTH MANAGEMENT LLC",
    "MAGNATE WEALTH",
    "MAGNATE WEALTH MANAGEMENT",
    "MAGNATE WEALTH MANAGEMENT LLC",
    "MIKE BROOKS & ASSOCIATES, INC."
  ],
  "city": "Louisville",
  "state": "KY",
  "country": "United States",
  "cbsa_code": "31140",
  "metro": {
    "cbsa_code": "31140",
    "common_name": "Louisville",
    "msa_name": "Louisville/Jefferson County, KY-IN",
    "path": "/advisors/ky/louisville"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-04-29",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 314131225.0,
  "raum_discretionary": 304249134.0,
  "raum_non_discretionary": 9882091.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 7,
  "advisory_employees": 7,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 188773429.0,
      "count": 1505
    },
    "pension_profit_sharing": {
      "raum": 9882091.0,
      "count": 4,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 115475705.0,
      "count": 67
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [
    "FL",
    "IN",
    "KY",
    "OH",
    "TN",
    "TX"
  ],
  "websites": [
    "https://facebook.com/MAGNATEWEALTH",
    "https://instagram.com/MAGNATEWEALTH",
    "https://linkedin.com/COMPANY/MAGNATE-WEALTH-MANAGEMENT",
    "https://magnatewealth.com",
    "https://twitter.com/MAGNATEWEALTH"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/283056",
  "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(3)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?"
    }
  ],
  "city_as_filed": "LOUISVILLE",
  "url": "https://advisorcensus.com/firm/magnate-advisory-services-llc-louisville-ky-283056",
  "display_name": "Magnate Advisory Services, LLC",
  "summary": "Magnate Advisory Services, LLC is an SEC-registered investment advisory firm in Louisville, KY, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Magnate Advisory Services, LLC (CRD 283056): 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",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Magnate Advisory Services, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Magnate Advisory Services, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Magnate Advisory Services, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 states: Flat fee: $1,500 to $5,000 (broad-based planning engagements (consisting of multiple components)); Hourly rate: $250 an hour (a limited planning component engagement). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Magnate Advisory Services, LLC located?",
      "a": "Magnate Advisory Services, LLC's principal office is in Louisville, KY, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Magnate Advisory Services, LLC registered with the SEC or a state?",
      "a": "Magnate Advisory Services, LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 283056."
    },
    {
      "q": "How much does Magnate Advisory Services, LLC manage?",
      "a": "Magnate Advisory Services, LLC reports $314,131,225 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (97% discretionary)."
    },
    {
      "q": "How have Magnate Advisory Services, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Magnate Advisory Services, LLC: Regulatory assets under management: $230,316,952 in the October 2021 data and $314,131,225 in the October 2026 data, up 36%. Total employees: 12 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Magnate Advisory Services, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,505); high net worth individuals (67); pension and profit sharing plans (but not the plan participants or government pension plans) (4)."
    },
    {
      "q": "Which custodians does Magnate Advisory Services, LLC use?",
      "a": "Magnate Advisory Services, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Capital Client Group, Inc. and Fidelity Distributors Company LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Magnate Advisory Services, LLC report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(3) (another regulator's finding of causing a business's authorization to be denied, suspended, revoked, or restricted). 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/283056"
    },
    {
      "q": "Does Magnate Advisory Services, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 says: \"We do not require minimum income, minimum asset levels or other similar preconditions.\""
    },
    {
      "q": "What changed in Magnate Advisory Services, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Item 11 disclosure answers changed: 2 yes answers, previously 0 (now yes: 11.D(2), 11.D(3)). Employees performing advisory functions went from 6 to 7. Regulatory assets under management went from $260,916,167 to $314,131,225 (+20%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 230316952.0,
      "total_employees": 12,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 164907978.0,
      "total_employees": 8,
      "filing_date": "2022-03-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 167623753.0,
      "total_employees": 8,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 209933238.0,
      "total_employees": 7,
      "filing_date": "2024-04-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 260916167.0,
      "total_employees": 6,
      "filing_date": "2025-03-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 314131225.0,
      "total_employees": 7,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Item 11 disclosure answers changed: 2 yes answers, previously 0 (now yes: 11.D(2), 11.D(3)).",
        "Employees performing advisory functions went from 6 to 7.",
        "Regulatory assets under management went from $260,916,167 to $314,131,225 (+20%)."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Added the business name Mike Brooks & Associates, Inc..",
        "Added the business name Ditto Wealth Management LLC.",
        "Added an office in Elizabethtown, KY."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $1,500 to $5,000 (broad-based planning engagements (consisting of multiple components))",
      "Hourly rate: $250 an hour (a limited planning component engagement)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "We do not require minimum income, minimum asset levels or other similar preconditions."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,500 to $5,000 (broad-based planning engagements (consisting of multiple components))"
        ],
        "quotes": [
          "A broad-based planning engagements (consisting of multiple components) are assessed a fixed fee that ranges from $1,500 to $5,000."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $250 an hour (a limited planning component engagement)"
        ],
        "quotes": [
          "Clients interested in a limited planning component engagement are assessed an hourly fee. Our rate is $250 per hour; billed in six minute increments,"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 1500.0,
          "max": 5000.0,
          "period": "one_time",
          "service": "broad-based planning engagements (consisting of multiple components)"
        },
        {
          "kind": "hourly",
          "amount": 250.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "a limited planning component engagement"
        }
      ]
    },
    "quotes": [
      "We do not require minimum income, minimum asset levels or other similar preconditions.",
      "A broad-based planning engagements (consisting of multiple components) are assessed a fixed fee that ranges from $1,500 to $5,000.",
      "Clients interested in a limited planning component engagement are assessed an hourly fee. Our rate is $250 per hour; billed in six minute increments,"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Capital Client Group, Inc.",
      "name_as_filed": "CAPITAL CLIENT GROUP, INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Distributors Company LLC",
      "name_as_filed": "FIDELITY DISTRIBUTORS COMPANY LLC",
      "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/magnate-advisory-services-llc-louisville-ky-283056.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1505,
      "fewer_than_5": false,
      "raum": 188773429.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 67,
      "fewer_than_5": false,
      "raum": 115475705.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 4,
      "fewer_than_5": true,
      "raum": 9882091.0
    }
  ],
  "disclosure_line": "Reports 2 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/283056",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}