Thoroughbred Financial Services, LLC

Registered investment adviser · Brentwood, TN · CRD #47893

Form ADV data as of 2026-09-01

Regulatory assets

$4.04 billion

Total accounts

7,236

Employees

Disclosure events

Firm details

Website: http://www.thoroughbredfinancial.com
Telephone: 615-371-0001
SEC file number: 801-56741
Most recent Form ADV filing: 2026-03-31
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 4 disclosure questions answered Yes, covering 4 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC found a false statement or omission
SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$3.62 billion
Non-discretionary regulatory assets under management	$421.0 million
Total regulatory assets under management	$4.04 billion
Discretionary accounts	6,134
Non-discretionary accounts	1,102
Total accounts	7,236
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	31
Employees performing investment advisory functions (including research)	31
Employees who are registered representatives of a broker-dealer	31
Employees registered as investment adviser representatives with a state	31
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	31
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)Commissions

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesSelection of other advisers (including private fund managers)

Other business activities

Broker-dealer (registered or unregistered)Insurance broker or agent

Affiliated related persons

Other investment adviser (including financial planners)Pension consultantSponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Recommends securities for which it serves as underwriter or general partner
Recommends securities in which it has another sales interest
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	1,829	$892.4 million
High net worth individuals	691	$1.86 billion
Pension and profit sharing plans (not the participants or government plans)	18	$138.4 million
Corporations or other businesses not listed above	1,029	$1.15 billion