Lanark Financial, Inc.
- Regulatory AUM
- $1.8B
- Discretionary
- $795M
- Clients
- 3,576
- Avg AUM / client
- $499K
- Accounts
- 4,966
- Employees
- 68
AUM over time
Annual snapshots from Form ADV filings · as of Jul 17, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 3,228 | $882M | 49.4% |
| High net worth individuals | 280 | $696M | 39.0% |
| Pension and profit sharing plans | 12 | $21.2M | 1.19% |
| Charitable organizations | 21 | $89.1M | 4.99% |
| Corporations and other businesses | 35 | $96.5M | 5.41% |
People (72)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Phelan, Bradford Lee | President And Ceo | Aug 1995 (31y) | 25% – 50% of Nbcs Holding, L.P. (indirect) | |
| Frank Benner Falkenburg | Managing Director | Nov 1995 (31y) | ≈ 18.75% – 50% via Nbcs Holdings, L.P. | |
| Jeffery Scott Wilkins | Vice President, Chief Compliance Officer | Jun 2004 (22y) | Less than 5% | |
| Elder, Doug James | Svp Sales Manager | Jul 2010 (16y) | Less than 5% | |
| Dale Barton Elliott | Registered representative | Apr 1997 (29y) | ||
| Stephen Burnett Agricola | Registered representative | Jun 1997 (29y) | ||
| Bruce Alan Hagan | Registered representative | CFP | May 2001 (25y) | |
| Howard Paul Eisenman | Registered representative | May 2001 (25y) | ||
| Michael Glen Lea | Registered representative | May 2001 (25y) | ||
| Lynn Michelle Hanfman | Registered representative | Jul 2001 (25y) | ||
| Gregory Scott Musso | Registered representative | May 2002 (24y) | ||
| Todd Randall Kurzhal | Registered representative | May 2002 (24y) | ||
| Kerry Grindle Maldonado | Registered representative | Jan 2006 (21y) | ||
| Anthony Brian Wolfe | Registered representative | Apr 2008 (18y) | ||
| Adam Payne Newton | Registered representative | May 2008 (18y) | ||
| David Edwin Hope | Registered representative | Jan 2011 (16y) | ||
| Sapna Garg Goel | Registered representative | Feb 2011 (15y) | ||
| Pierre Gaston Marc Allard | Registered representative | Apr 2011 (15y) | ||
| William Lincoln Braude | Registered representative | Jul 2012 (14y) | ||
| Steven Greg Abrams | Registered representative | Feb 2013 (14y) | ||
| Bruce Paul Betz | Registered representative | Feb 2013 (13y) | ||
| David Bevier Taylor | Registered representative | Feb 2013 (13y) | ||
| Monte Paul Marshall | Registered representative | Mar 2014 (12y) | ||
| John Fontaine Keith | Registered representative | May 2014 (12y) | ||
| Lawrence Clay Miller | Registered representative | Jun 2014 (12y) | ||
| Anthony Jerome Keppler | Registered representative | Jul 2015 (11y) | ||
| Carolyn Lee Bennett | Registered representative | Jul 2015 (11y) | ||
| John Roy Hackett | Registered representative | Jul 2015 (11y) | ||
| Lee Scott Steorts | Registered representative | Jul 2015 (11y) | ||
| Joseph Oberschewen | Registered representative | Jul 2015 (11y) | ||
| Armand Anthony Atkinson | Registered representative | CFP Chartered Financial Consultant | Aug 2015 (11y) | |
| Edward John Wells | Registered representative | Aug 2015 (11y) | ||
| Joseph Edward Disanza | Registered representative | Aug 2015 (11y) | ||
| Matthew Louis Senicola | Registered representative | Aug 2015 (11y) | ||
| Michael Bernard Otoole | Registered representative | Aug 2015 (11y) | ||
| Robert Glenn Alvarez | Registered representative | CFP | Aug 2015 (11y) | |
| Mark Donald Hennings | Registered representative | Aug 2015 (11y) | ||
| Stephen Miske Miller | Registered representative | Aug 2015 (11y) | ||
| David Scott Glenn | Registered representative | Nov 2016 (10y) | ||
| Maria Benito Atkinson | Registered representative | Mar 2017 (9y) | ||
| Peyton Davis Falkenburg | Registered representative | Jun 2017 (9y) | ||
| Gayle Anne Dilla | Registered representative | Dec 2017 (9y) | ||
| Jeffrey Allen Weber | Registered representative | Jun 2019 (7y) | ||
| Lisa Ann Sumpter | Registered representative | CFP | Jun 2019 (7y) | |
| Susan Mae Evans | Registered representative | CFP Chartered Financial Consultant | Jun 2019 (7y) | |
| Brian Christopher Gallagher | Registered representative | Jun 2019 (7y) | ||
| Joseph Lee Bauwens | Registered representative | Jun 2019 (7y) | ||
| Cynthia Lanell Minnis | Registered representative | Jun 2019 (7y) | ||
| Franklin Inzer Brown | Registered representative | Dec 2019 (7y) | ||
| Christopher Allen Fidler | Registered representative | Mar 2020 (6y) | ||
| Maria Ortiz | Registered representative | Mar 2020 (6y) | ||
| John Robert Doody | Registered representative | CFA | Apr 2021 (5y) | |
| Darren Marc Hinshaw | Registered representative | CFA | Jun 2021 (5y) | |
| Trevor James Kurzhal | Registered representative | Jul 2021 (5y) | ||
| Nicholas Andre Oberle | Registered representative | Sep 2021 (5y) | ||
| Allison Marie Mc Kay | Registered representative | Feb 2022 (4y) | ||
| Joseph Alan Woodard | Registered representative | Jun 2022 (4y) | ||
| Brian Christopher Haynes | Registered representative | Dec 2022 (4y) | ||
| Neil Victor Bales | Registered representative | Jul 2023 (3y) | ||
| Brett Shelby Ellis | Registered representative | Jun 2024 (2y) | ||
| Daniel Howard Lusher | Registered representative | Jul 2024 (2y) | ||
| Malia Rhyse Toman | Registered representative | Jan 2025 (2y) | ||
| Celeste Evans Courtney | Registered representative | Mar 2025 (1y) | ||
| Kimberly Armbruster Davis | Registered representative | Jun 2025 (1y) | ||
| Brian Forbush | Registered representative | Jul 2025 (1y) | ||
| John Joseph Mcglynn | Registered representative | Aug 2025 (1y) | ||
| Blanton Charles Creque | Registered representative | Aug 2025 (1y) | ||
| Savannah Kay Forleo | Registered representative | CFP Chartered Financial Consultant | Aug 2025 (1y) | |
| Harold Blaine Miller | Registered representative | Oct 2025 (1y) | ||
| Blake Alston Nephew | Registered representative | Oct 2025 (1y) | ||
| Sheila Adele Steury | Registered representative | Jan 2026 (1y) | ||
| William Thomas Bennett | Registered representative | Jan 2026 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Nbcs Holdings, L.P. | Shareholder | Jun 2010 | A | 75% or more |
| Conway, Pamela Kohser | Vice President | Aug 1995 | A | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Frank Benner Falkenburg: 25% – 50% of Nbcs Holdings, L.P. × 75% – 100% direct ≈ 18.75% – 50% 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) | 07/17/2026 | 1.13 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: IT WAS ALEDGED THAT NBC SECURITIES FAILED TO PROPERLY SUPERVISE ACTIVITIES OF ADVISORY AFFILIATE IN RELATION TO THE HANDLING OF REVOCABLE TRUST ACCOUNTS FOR A DECEASED INDIVIDUAL. Status: Final Sanction Detail: FINE WAS LEVIED AGAINST FIRM AND PAID ON 3/9/2006. Summary: WITHOUT ADMITING NOR DENYING ANY OF THE ALLEGATIONS, NBCS AGREED TO A STIPULATION AND CONSENT. THE TERMS INCLUDED AN ADMINSTRATIVE FINE OF $15,000 AND A REVIEW/UPDATE OF REVELANT SUPERVISORY PROCEDURES.
Allegations: INADEQUATE DISCLOSURES CONCERNING MUTUAL FUND INVESTMENTS Status: Final Sanction Detail: DISGORGEMENT AND PREJUDGEMENT INTEREST TOTALED $426,119.83 Summary: FIRM VOLUNTARILY PARTICIPATED IN THE SEC SHARE CLASS SELECTION DISCLOSURE INITIATIVE.
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
- • Selection of other advisers
- • Educational seminars/workshops
Custody
Reported custodians
- RBC $868M (49% of AUM) Jul 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: Jul 17, 2026.
View current Form ADV (SEC/IAPD) ↗