Magnus Financial Group Llc
- Regulatory AUM
- $2.3B
- Discretionary
- $2.2B
- Clients
- 1,158
- Avg AUM / client
- $2.0M
- Accounts
- 4,782
- Employees
- 24
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 739 | $384M | 16.5% |
| High net worth individuals | 375 | $1.8B | 76.7% |
| Charitable organizations | Fewer than 5 clients | $14.6M | 0.63% |
| Corporations and other businesses | 44 | $145M | 6.22% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Asphalt Green, Inc. Profit Sharing Plan & Trust Asphalt Green, Inc. | 2024 |
People (12)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Michael Scott Schwartz | Chief Executive Officer | CFP | Nov 2016 (10y) | ≈ 42.19% – 100% via Magnus Financial Llc |
| Harrison, David, H. | Chief Compliance Officer | Sep 2017 (9y) | Less than 5% | |
| Sorsaia, Louis, V. | Chief Operating Officer | May 2019 (7y) | Less than 5% | |
| Paul Frederick Hoerrner | Registered representative | CFP | Jan 2022 (5y) | |
| Ronald Edward Deutsch | Registered representative | CFA | Jan 2022 (5y) | |
| Sharon Hayut | Registered representative | CFP | Jan 2022 (5y) | |
| James Scott Kephart | Registered representative | Jan 2022 (5y) | ||
| Drew Justin Collins | Registered representative | CFA | May 2022 (4y) | |
| Chase Wickenheiser | Registered representative | Jan 2023 (4y) | ||
| William Joseph Bowden | Registered representative | Jan 2024 (3y) | ||
| Timothy J Seymour | Registered representative | Jul 2025 (1y) | ||
| Jake Dean Blum | Registered representative | CFP | Dec 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Magnus Financial Holdings, Llc | Owner | Jul 2017 | A | 75% or more |
| Magnus Financial Llc | Owner | Sep 2017 | B | ≈ 56.25% – 100% via Magnus Financial Holdings, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Michael Scott Schwartz: 75% – 100% of Magnus Financial Llc × 75% – 100% of Magnus Financial Holdings, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Magnus Financial Llc: 75% – 100% of Magnus Financial Holdings, 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.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Asphalt Green, Inc. Profit Sharing Plan & Trust | Asphalt Green, Inc. | 574 | $11.0M | 07/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.03 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Pension consulting services
- • Selection of other advisers
- • Publication of periodicals or newsletters
- • Educational seminars/workshops
Custody
Reported custodians
- Charles Schwab & Co. $1.4B (60% of AUM) Mar 2026
- Fidelity Brokerage Services $685M (29% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having 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: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗