SourcingSourcing

MORMAN, KAPLAN, BRILLIANT AND FRANSKO, LLC

B52
CRD 284251·SEC 801-129305·ANN ARBOR, MI
AUM
$162.7M
$100M-$500M
Est. Revenue
$1.6M
@ 1% on AUM
Est. EBITDA
$488K
@ 30% margin
Est. Deal Value
$3.9M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
MORMAN, KAPLAN, BRILLIANT AND FRANSKO, LLC
CRD
284251
SEC file #
801-129305
EIN
—
DBA names
Four Financial Management

Economics

AUM
$162.7M
AUM band
$100M-$500M
AUM trajectory
'25'26
$148.2M → $162.7M▲ +10%
Client mix
Individuals Other312
Individuals High Net Worth41

Operations

Employees (total)
7
Advisory staff (per ADV)
6
Advisory staff (5-yr trend)
'25'26
6 advisors → 6 advisors▬ 0%
Primary office
ANN ARBOR MI
Branches
—

Custodian & Brokerage

Primary custodian
LPL Financiallow confidence
Services offered
Financial planningPortfolio mgmt — individualsSelection of other advisers
Fee basis
% of AUMHourly chargesFixed fees

Filings

Latest ADV filing
03/18/2026
ADV-W filed at
—
Website
linkedin.com/company/four-financial-management(social)

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
BRILLIANT, ALAN, JASON
Top Owner Pct
37.5
Top Owner Entity Kind
I
Owner Count
4
Control Persons
BRILLIANT, ALAN, JASON
FRANSKO, DAVID, LEWIS
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
No

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
social_url_excluded:linkedin.com

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No

SEC EDGAR

Edgar Registered
No

Compliance & brand

Firm Registration Status
active

All other collected signals (9)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
6
Bc Firm Active IA Count
6
Bc Firm IAR Count
6
Custodian Candidates
Full
Lpl Financial4
E*trade4
Firm Has Custody
Yes
Mailing Office Differs
No
Top Owner CRD
3191515
Trust Company Affiliate
No

People (6)

6
KAPLAN, MICHAEL, TRUMAN
IAR · Direct Owner · 37.5%
3111747
MORMAN, STEPHEN, MARCUS
IAR · Direct Owner · 37.5%
1326740
FRANSKO, DAVID, LEWIS
IAR · Direct Owner · 37.5%
4365885
BRILLIANT, ALAN, JASON
IAR · Direct Owner · 37.5%
3191515
CYRIL STEPHEN WHITE
IAR
2986195
CHANDLER RANDALL SMITH
IAR
6483761