# Twentythree Advisory

> 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.

- CRD: 332537
- Filed as: TWENTYTHREE ADVISORY
- Legal name: Twentythree Advisory LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/332537
- AdvisorCensus page: https://advisorcensus.com/firm/twentythree-advisory-new-york-ny-332537

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 10, 2026)

- Asset-based fee: 1% of assets a year

> 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

> There is no account minimum for any of 23A’s services.

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: $41,104,123
- Discretionary: $3,637,294
- Non-discretionary: $37,466,829

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 4 | $41,104,123 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2025 (1 year)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $31,540,370 | 1 | April 7, 2025 |
| October 2026 | $41,104,123 | 1 | March 10, 2026 |

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.

## Changes in the filing (last 12 months)

### December 2025
- Regulatory assets under management went from $31,540,370 to $37,398,044 (+19%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Twentythree Advisory (CRD 332537): Form ADV filing data as of October 2026.