Linden Thomas Advisory Services, Llc
- Regulatory AUM
- $1.8B
- Discretionary
- $1.1B
- Clients
- 1,366
- Avg AUM / client
- $1.3M
- Accounts
- 7,111
- Employees
- 14
AUM over time
Annual snapshots from Form ADV filings · as of May 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 836 | $720M | 40.7% |
| High net worth individuals | 432 | $892M | 50.4% |
| Pension and profit sharing plans | 88 | $155M | 8.72% |
| Charitable organizations | 5 | $3.9M | 0.22% |
| Corporations and other businesses | 5 | $497K | 0.03% |
People (11)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Stephen Linden Thomas | Manager | Apr 2017 (9y) | ≈ 56.25% – 100% via Linden Thomas Financial Group, Llc | |
| Hunt, David, Lee | Chief Compliance Officer | Jul 2024 (2y) | Less than 5% | |
| Bryan Leo Krakker | Registered representative | Jun 2018 (8y) | ||
| Alexander John Hill | Registered representative | CFA | Jun 2018 (8y) | |
| Bradley Joseph Davis | Registered representative | Dec 2022 (4y) | ||
| Brandon Charles Mcpherson | Registered representative | CFA | Jun 2024 (2y) | |
| Gavin C Finnical | Registered representative | CFP | Feb 2025 (1y) | |
| Nick Christopher Stockdale | Registered representative | Jun 2025 (1y) | ||
| Matthew Joel Wood | Registered representative | Mar 2026 (0y) | ||
| Zachary Robert Ladowski | Registered representative | Jun 2026 (0y) | ||
| Jack Robert Lawrence | Registered representative | CFP | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Linden Thomas Financial Group, Llc | Member | Feb 2018 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Stephen Linden Thomas: 75% – 100% of Linden Thomas Financial Group, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/27/2026 | 1.16 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE SEC ALLEGED THAT LTAS DID NOT HAVE POLICIES AND PROCEDURES REASONABLY DESIGNED TO ENSURE PERFORMANCE WAS RELEVANT TO THE INTENDED AUDIENCE WHEN DISSEMINATING ADVERTISEMENTS USING HYPOTHETICAL PERFORMANCE, IN VIOLATION OF THE APPLICABLE MARKETING RULE. Status: Final Sanction Detail: $135,000 PAID IN FULL BY THE FIRM ON 9/15/23. Summary: IN SEPTEMBER OF 2023, LTAS AGREED TO THE ENTRY OF AN ORDER BY THE SEC AND TO A CEASE AND DESIST, CENSURE, AND FINE FOR THE ALLEGED VIOLATIONS OF THE MARKETING RULE. THE MATTER IS NOW CLOSED AND SETTLED FOR THE AMOUNT AND ON THE DATE STATED ABOVE. LTAS HAS ADOPTED REVISED POLICIES AND PROCEDURES RELATED TO MARKETING AND REMOVED HYPOTHETICAL PERFORMANCE ADVERTISING FROM THE FIRM'S WEBSITE AND / OR SOCIAL MEDIA PAGES.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
Custody
Reported custodians
- Wells Fargo $1.8B (100% of AUM) May 2026
- Charles Schwab & Co. $957K (0% of AUM) May 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 27, 2026.
View current Form ADV (SEC/IAPD) ↗