# Magnate Advisory Services, LLC

> 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.

- CRD: 283056
- Filed as: MAGNATE ADVISORY SERVICES, LLC
- Also doing business as: DITTO WEALTH MANAGEMENT LLC, MAGNATE WEALTH, MAGNATE WEALTH MANAGEMENT, MAGNATE WEALTH MANAGEMENT LLC, MIKE BROOKS & ASSOCIATES, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Louisville, KY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/283056
- AdvisorCensus page: https://advisorcensus.com/firm/magnate-advisory-services-llc-louisville-ky-283056

## Quick answers

**How is Magnate Advisory Services, LLC compensated?**
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).

**Where is Magnate Advisory Services, LLC located?**
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).

**Is Magnate Advisory Services, LLC registered with the SEC or a state?**
Magnate Advisory Services, LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 283056.

**How much does Magnate Advisory Services, LLC manage?**
Magnate Advisory Services, LLC reports $314,131,225 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (97% discretionary).

**How have Magnate Advisory Services, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Magnate Advisory Services, LLC serve?**
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).

**Which custodians does Magnate Advisory Services, LLC use?**
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.

**Does Magnate Advisory Services, LLC report any disciplinary disclosures?**
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

**Does Magnate Advisory Services, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "We do not require minimum income, minimum asset levels or other similar preconditions."

**What changed in Magnate Advisory Services, LLC's recent Form ADV filings?**
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%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Account minimum: None

> We do not require minimum income, minimum asset levels or other similar preconditions.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Capital Client Group, Inc.
- Fidelity Distributors Company LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $314,131,225
- Discretionary: $304,249,134
- Non-discretionary: $9,882,091

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,505 | $188,773,429 |
| High net worth individuals | 67 | $115,475,705 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 4 | $9,882,091 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2020 (6 years)
- Employees: 7 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, IN, KY, OH, TN, TX
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): 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?
- 11.D(3): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/283056

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Bardstown, KY
- Elizabethtown, KY

### Websites listed on Form ADV (Item 1.I)
- magnatewealth.com
- Facebook @MAGNATEWEALTH
- Instagram @MAGNATEWEALTH
- LinkedIn @MAGNATE-WEALTH-MANAGEMENT
- X @MAGNATEWEALTH

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $230,316,952 | 12 | March 31, 2021 |
| October 2022 | $164,907,978 | 8 | March 29, 2022 |
| October 2023 | $167,623,753 | 8 | March 30, 2023 |
| October 2024 | $209,933,238 | 7 | April 1, 2024 |
| October 2025 | $260,916,167 | 6 | March 27, 2025 |
| October 2026 | $314,131,225 | 7 | March 30, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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%).

### March 2026
- Added the business name Mike Brooks & Associates, Inc..
- Added the business name Ditto Wealth Management LLC.
- Added an office in Elizabethtown, KY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Magnate Advisory Services, LLC (CRD 283056): Form ADV filing data as of October 2026.