Broker-dealer firm · Birmingham, AL
Lanark Financial, Inc.
SEC-registered investment adviser · CRD 17870 · SEC 801-58257
At a glance
Lanark Financial, Inc. is an SEC-registered investment adviser based in Birmingham, Alabama, with $1.8 billion in regulatory assets under management as of its Form ADV filed September 25, 2026. Its largest client group by assets is individuals, and it reports 3,508 individual clients. By Form ADV it is a broker-dealer firm, ranked 140th of 391 broker-dealer firms and 3,874th of 17,210 SEC-registered advisers by assets.
Main office 800-521-9390nbcsecurities.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.8B
- Rank among broker-dealer firms
- #140 of 391
- Rank among all SEC RIAs
- #3,874 of 17,210
- Rank in Alabama
- #19 of 92
- Individual clients
- 3,508
- High-net-worth clients
- 280
- Accounts
- 4,966
- Discretionary
- 45% of AUM
- Employees
- 68
- Advisory staff
- 63
- Offices
- 29
Owners and executives on its Form ADV
- Pamela Sue ConwayVice President, Operations
- Frank Benner FalkenburgManaging Director
- John Robert Jr DoodyCEO
- Harold Blaine MillerVP, Chief Compliance Officer
- Samuel Douglas RansomChief Financial Officer
- Peyton Davis FalkenburgPresident
Custody and brokerage
Broker-dealer
Hybrid RIA
Lanark Financial, Inc. is a hybrid RIA: 67 of its employees are also registered representatives of a broker-dealer. It reports a broker-dealer among its affiliates on Form ADV.
Its Form ADV brochure (filed September 2026) names Lanark Financial as the broker-dealer its advisers are registered with.
Item 10 - Other Financial Industry Activities and Affiliations The principal executive officers, directors, and other employees of Lanark are also registered representatives of Lanark.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 3,228 | $882M | 49% |
| High-net-worth individuals | 280 | $696M | 39% |
| Corporations or other businesses | 35 | $96M | 5% |
| Charitable organizations | 21 | $89M | 5% |
| Pension and profit sharing plans | 12 | $21M | 1% |
Disciplinary disclosures
Lanark Financial, Inc. answers yes to 4 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗nbcsecurities.com ↗
AtlasMembers
The full record on Lanark Financial, Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 104 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 3Locked
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Background
Questions
How much does Lanark Financial, Inc. manage?
Lanark Financial, Inc. reports $1.8 billion in regulatory assets under management across 4,966 accounts, 45% of it on a discretionary basis, on its Form ADV filed September 25, 2026.
What kind of firm is Lanark Financial, Inc.?
Lanark Financial, Inc. is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser.
Who are Lanark Financial, Inc.’s clients?
By assets, its largest client types are individuals ($882 million, 3,228 clients); high-net-worth individuals ($696 million, 280 clients); corporations or other businesses ($96 million, 35 clients).
Does Lanark Financial, Inc. have any disciplinary history?
Lanark Financial, Inc. answers yes to 4 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Lanark Financial, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-25), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →