# Marathon Strategic Advisors, LLC

> Marathon Strategic Advisors, LLC is an SEC-registered investment advisory firm in Pittsburgh, PA, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 10, 2026.

- CRD: 117108
- Filed as: MARATHON STRATEGIC ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pittsburgh, PA
- Filing period: October 2026
- Form ADV filing dated: September 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/117108
- AdvisorCensus page: https://advisorcensus.com/firm/marathon-strategic-advisors-llc-pittsburgh-pa-117108

## Quick answers

**How is Marathon Strategic Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Marathon Strategic Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**What does Marathon Strategic Advisors, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 24, 2026 states: Asset-based fee: 0.4% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Marathon Strategic Advisors, LLC located?**
Marathon Strategic Advisors, LLC's principal office is in Pittsburgh, PA, according to its Form ADV.

**Is Marathon Strategic Advisors, LLC registered with the SEC or a state?**
Marathon Strategic Advisors, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 117108.

**How much does Marathon Strategic Advisors, LLC manage?**
Marathon Strategic Advisors, LLC reports $182,742,274 in regulatory assets under management in its Form ADV filing dated September 10, 2026 (100% discretionary).

**How have Marathon Strategic Advisors, LLC's assets and staff changed since 2025?**
In the Form ADV data for Marathon Strategic Advisors, LLC: Regulatory assets under management: $130,426,115 in the October 2025 data and $182,742,274 in the October 2026 data, up 40%. Total employees: 2 in October 2025 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Marathon Strategic Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (120); high net worth individuals (75); charitable organizations (10).

**Which custodians does Marathon Strategic Advisors, LLC use?**
Marathon Strategic Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Marathon Strategic Advisors, LLC report any disciplinary disclosures?**
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/117108

**What changed in Marathon Strategic Advisors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $130,426,115 to $182,742,274 (+40%).

## 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 24, 2026)

- Asset-based fee: 0.4% to 1.5% a year (a range, as the brochure states it)

> Our annual fees for Portfolio Management Services are based upon a percentage of assets under management and generally range from 0.40% to 1.50%.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $182,742,274
- Discretionary: $182,742,274
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 120 | $29,982,774 |
| High net worth individuals | 75 | $142,192,616 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $218,361 |
| Charitable organizations | 10 | $10,095,053 |
| Corporations or other businesses not listed above | Fewer than 5 | $253,470 |

### 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
- Other

### Firm details
- Registered since: 2025 (1 year)
- Employees: 2 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MD, NC, NH, OH, PA, TX, VA, WV
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mstrategic.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $130,426,115 | 2 | June 27, 2025 |
| October 2026 | $182,742,274 | 2 | September 10, 2026 |

Regulatory assets under management: $130,426,115 in the October 2025 data and $182,742,274 in the October 2026 data, up 40%.
Total employees: 2 in October 2025 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $130,426,115 to $182,742,274 (+40%).

### December 2025
- Registered or notice-filed in MD, NH, VA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Marathon Strategic Advisors, LLC (CRD 117108): Form ADV filing data as of October 2026.