AdvisorCensus / Financial advisors / Florida / Sebastian / Thurston Advisors
Thurston Advisors is an SEC-registered investment advisory firm in Vero Beach, FL, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 12, 2026.
Quick answers
From the filingHow is Thurston Advisors compensated?
On its Form ADV (Item 5.E, October 2026), Thurston Advisors reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is Thurston Advisors located?
Thurston Advisors' principal office is in Vero Beach, FL, according to its Form ADV; the June 2026 filing also lists 2 other offices (Schedule D, Section 1.F).
Is Thurston Advisors registered with the SEC or a state?
Thurston Advisors is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 318422.
How much does Thurston Advisors manage?
Thurston Advisors reports $480,922,735 in regulatory assets under management in its Form ADV filing dated May 12, 2026 (100% discretionary).
How have Thurston Advisors' assets and staff changed since 2022?
In the Form ADV data for Thurston Advisors: Regulatory assets under management: $315,943,964 in the October 2024 data and $480,922,735 in the October 2026 data, up 52%. Total employees: 9 in October 2024 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Thurston Advisors serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9).
Does Thurston Advisors 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/318422
Does Thurston Advisors state an account minimum?
Its Form ADV Part 2A brochure dated March 30, 2026 says: "Thurston generally requires Investors in the Funds to make a minimum initial investment of at least $500,000."
What changed in Thurston Advisors' recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 9 to 8. Regulatory assets under management went from $371,156,742 to $480,922,735 (+30%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $500,000
The brochure's wording
Thurston generally requires Investors in the Funds to make a minimum initial investment of at least $500,000.
As stated in the firm's Form ADV Part 2A brochure dated March 30, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$480,922,735 as of October 2026, filing dated May 12, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Legal name
- Thurston Advisors, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2024 (2 years)
- Employees
- Total: 9. Performing investment advisory functions: 8.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
2 other offices, as of the June 2026 filing
- States registered or notice-filed
-
3 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $480,922,735 | 9 | May 12, 2026 |
| October 2025 | $371,156,742 | 9 | May 21, 2025 |
| October 2024 | $315,943,964 | 9 | July 1, 2024 |
| October 2023 | Not reported | Not reported | January 4, 2023 |
| October 2022 | Not reported | Not reported | March 31, 2022 |
Regulatory assets under management: $315,943,964 in the October 2024 data and $480,922,735 in the October 2026 data, up 52%.
Total employees: 9 in October 2024 and 9 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 9 to 8.
- Regulatory assets under management went from $371,156,742 to $480,922,735 (+30%).
- March 2026
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Thurston Advisors (CRD 318422): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/thurston-advisors-vero-beach-fl-318422