AdvisorCensus / Financial advisors / New York / New York / Twentythree Advisory
Twentythree Advisory
Filed as TWENTYTHREE ADVISORY · Legal name Twentythree Advisory LLC
Twentythree Advisory is an SEC-registered investment advisory firm in New York, NY, registered since 2025, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 10, 2026.
Quick answers
From the filingHow is Twentythree Advisory compensated?
On its Form ADV (Item 5.E, October 2026), Twentythree Advisory reports these compensation arrangements: a percentage of assets under its management.
How much does Twentythree Advisory charge?
Its Form ADV Part 2A brochure dated March 10, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Twentythree Advisory located?
Twentythree Advisory's principal office is in New York, NY, according to its Form ADV.
Is Twentythree Advisory registered with the SEC or a state?
Twentythree Advisory is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 332537.
How much does Twentythree Advisory manage?
Twentythree Advisory reports $41,104,123 in regulatory assets under management in its Form ADV filing dated March 10, 2026 (9% discretionary).
How have Twentythree Advisory's assets and staff changed since 2025?
In the Form ADV data for Twentythree Advisory: Regulatory assets under management: $31,540,370 in the October 2025 data and $41,104,123 in the October 2026 data, up 30%. Total employees: 1 in October 2025 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Twentythree Advisory serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (4).
Which custodians does Twentythree Advisory use?
Twentythree Advisory'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 Twentythree Advisory 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/332537
Does Twentythree Advisory state an account minimum?
Its Form ADV Part 2A brochure dated March 10, 2026 says: "There is no account minimum for any of 23A’s services."
What changed in Twentythree Advisory's recent Form ADV filings?
In the December 2025 filing data: Regulatory assets under management went from $31,540,370 to $37,398,044 (+19%).
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
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 2AAsset-based fee: 1% of assets a year
The brochure's wording
Total Assets Under Management Annual Fees All Assets 1.00%
These fees are generally negotiable, and the final fee schedule will be memorialized in the client’s advisory agreement.
Account minimum: None
The brochure's wording
There is no account minimum for any of 23A’s services.
As stated in the firm's Form ADV Part 2A brochure dated March 10, 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$41,104,123 as of October 2026, filing dated March 10, 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 individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Legal name
- Twentythree Advisory LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2025 (1 year)
- Employees
- Total: 1. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
1 state or jurisdiction
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 | $41,104,123 | 1 | March 10, 2026 |
| October 2025 | $31,540,370 | 1 | April 7, 2025 |
Regulatory assets under management: $31,540,370 in the October 2025 data and $41,104,123 in the October 2026 data, up 30%.
Total employees: 1 in October 2025 and 1 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- December 2025
- Regulatory assets under management went from $31,540,370 to $37,398,044 (+19%).
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. Twentythree Advisory (CRD 332537): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/twentythree-advisory-new-york-ny-332537