{
  "crd_number": 289423,
  "slug": "magnus-financial-group-llc-new-york-ny-289423",
  "primary_business_name": "MAGNUS FINANCIAL GROUP LLC",
  "legal_name": "MAGNUS FINANCIAL GROUP LLC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-09-04",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 2326112236.0,
  "raum_discretionary": 2193623525.0,
  "raum_non_discretionary": 132488711.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 24,
  "advisory_employees": 15,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 14639330.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 383656740.0,
      "count": 739
    },
    "high_net_worth_individuals": {
      "raum": 1783070142.0,
      "count": 375
    },
    "corporations_other_businesses": {
      "raum": 144746024.0,
      "count": 44
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "FL",
    "GA",
    "IL",
    "IN",
    "LA",
    "MA",
    "MD",
    "NC",
    "NH",
    "NJ",
    "NY",
    "OH",
    "OR",
    "PA",
    "SC",
    "TN",
    "TX",
    "UT",
    "VA",
    "WA",
    "WI"
  ],
  "websites": [
    "https://facebook.com/MAGNUSFINANCIALGROUP",
    "https://linkedin.com/COMPANY/MAGNUSFINANCIALGROUP",
    "https://magnusfinancial.com",
    "https://x.com/MAGNUS_RIA"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/289423",
  "disclosure_items": [
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.E(4)",
      "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?"
    }
  ],
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/magnus-financial-group-llc-new-york-ny-289423",
  "display_name": "Magnus Financial Group LLC",
  "summary": "Magnus Financial Group LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2017, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Magnus Financial Group LLC (CRD 289423): 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",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Magnus Financial Group LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Magnus Financial Group LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Magnus Financial Group LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it); Hourly rate: $150 to $1,000 an hour (ad-hoc and project-based consultations for clients). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Magnus Financial Group LLC located?",
      "a": "Magnus Financial Group LLC's principal office is in New York, NY, according to its Form ADV."
    },
    {
      "q": "Is Magnus Financial Group LLC registered with the SEC or a state?",
      "a": "Magnus Financial Group LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 289423."
    },
    {
      "q": "How much does Magnus Financial Group LLC manage?",
      "a": "Magnus Financial Group LLC reports $2,326,112,236 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (94% discretionary)."
    },
    {
      "q": "How have Magnus Financial Group LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Magnus Financial Group LLC: Regulatory assets under management: $1,819,790,600 in the October 2021 data and $2,326,112,236 in the October 2026 data, up 28%. Total employees: 15 in October 2021 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Magnus Financial Group LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (739); high net worth individuals (375); corporations or other businesses not listed above (44)."
    },
    {
      "q": "Which custodians does Magnus Financial Group LLC use?",
      "a": "Magnus Financial Group LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Magnus Financial Group LLC report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation) and 11.E(4) (self-regulatory organization's expulsion, suspension, 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/289423"
    },
    {
      "q": "Does Magnus Financial Group LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 says: \"Magnus does not maintain a minimum fee or a minimum level of account assets.\""
    },
    {
      "q": "What changed in Magnus Financial Group LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 13 to 15. Regulatory assets under management went from $1,945,865,246 to $2,326,112,236 (+20%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1819790600.0,
      "total_employees": 15,
      "filing_date": "2021-04-05"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1129782370.0,
      "total_employees": 18,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1260520976.0,
      "total_employees": 21,
      "filing_date": "2023-06-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1557478677.0,
      "total_employees": 22,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1945865246.0,
      "total_employees": 23,
      "filing_date": "2025-03-29"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2326112236.0,
      "total_employees": 24,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 13 to 15.",
        "Regulatory assets under management went from $1,945,865,246 to $2,326,112,236 (+20%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.5% to 1.5% a year",
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $150 to $1,000 an hour (ad-hoc and project-based consultations for clients)"
    ],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "The fee for most clients ranges between 0.5% and 1.5% annually of the client’s total assets under management."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "Magnus does not maintain a minimum fee or a minimum level of account assets."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $150 to $1,000 an hour (ad-hoc and project-based consultations for clients)"
        ],
        "quotes": [
          "The hourly rate for ad-hoc and project-based consultations for clients could vary depending on the services provided and the experience, knowledge, and skill of those performing the services on behalf of Magnus. Hourly rates would be expected to generally range from $150 to $1,000 per hour."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.5,
        1.5
      ],
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": null,
          "min": 150.0,
          "max": 1000.0,
          "period": "hour",
          "service": "ad-hoc and project-based consultations for clients"
        }
      ]
    },
    "quotes": [
      "The fee for most clients ranges between 0.5% and 1.5% annually of the client’s total assets under management.",
      "Magnus does not maintain a minimum fee or a minimum level of account assets.",
      "The hourly rate for ad-hoc and project-based consultations for clients could vary depending on the services provided and the experience, knowledge, and skill of those performing the services on behalf of Magnus. Hourly rates would be expected to generally range from $150 to $1,000 per hour."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES 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/magnus-financial-group-llc-new-york-ny-289423.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 739,
      "fewer_than_5": false,
      "raum": 383656740.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 375,
      "fewer_than_5": false,
      "raum": 1783070142.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 14639330.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 44,
      "fewer_than_5": false,
      "raum": 144746024.0
    }
  ],
  "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/289423",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}