State BrokerCheck inventory · July 2026

Montana broker-dealer grades

According to FINRA BrokerCheck as of July 2026, Montana ranks #42 of 56 by registered-firm inventory (4) and #26 of 56 by aggregate disclosure load (50). Inventory rank is not intensity rank: Missouri leads disclosures-per-firm on that 33-state board.

#42
of 56 by firm inventory
4
registered firms
50
disclosures on file
2
Grade-A clean record

Montana at a glance

According to FINRA BrokerCheck as of July 2026, Montana ranks #42 of 56 by registered-firm inventory (4) and #26 of 56 by aggregate disclosure load (50). Inventory rank is not intensity rank: Missouri leads disclosures-per-firm on that 33-state board.

#42 of 56
registered-firm inventory
#26 of 56
aggregate disclosure load
50
total disclosures statewide
2
with a clean record (Grade A)

Disclosure-load ordinal matches the /states listing. Missouri leads disclosures-per-firm; Maine leads Grade-A share among states with at least 10 firms. Neither rank is investment advice. See methodology · corpus placement.

Firm-size mix among 4 graded firms

FINRA BrokerCheck size classes in Montana. Segments sum to the graded inventory, a catalog shape, not the A-F grade ChartBar below.

4
Registered Firms
2
Clean Record (Grade A)
50
Total Disclosures
12.5
Avg Disclosures / Firm

Grade Distribution

How Montana's 4 graded broker-dealers split across the size-normalized A-F safety scale.

A, clean (2)2 firmsB, low (1)1 firmC, typical (1)1 firmD, elevated (0)0 firmsF, heaviest (0)0 firms
Grade breakdown of 4 graded firms headquartered in Montana

Firms by Disclosure Count

#FirmDisclosuresOfficesGrade
1D.A. Davidson & Co.Great Falls48330C
2S.G. Long & CompanyMissoula25B
3BIG SKY Treasury ServicesLivingston01A
4Destra Capital Investments LLCBozeman04A

Sparse registered-firm inventory

Montana in the sparser-inventory third

Montana ranks #42 of 56 by BrokerCheck firm count (4 firms) - lighter third of the board.

Montana sits in the sparser third by registered-firm inventory (#42 of 56, 4 firms) as of July 2026. Graded inventory: 2 A / 1 B / 1 C / 0 D / 0 F (50.0% clean, 0.0% D or F). The top listing is D.A. Davidson & Co. (48 disclosures, Grade C).

Grades are editorial signals from a size-normalized model, not FINRA ratings. Disclosure totals are reported events, not proven violations - a thin Montana roster means each firm moves the state averages more. This page is informational only and does not constitute financial, legal, or investment advice. Confirm current records at FINRA BrokerCheck.

Frequently asked questions

Where does Montana sit among states by BrokerCheck disclosure load?
According to FINRA BrokerCheck as of July 2026, Montana ranks #42 of 56 by registered-firm inventory (4) and #26 of 56 by aggregate disclosure load (50). Inventory rank is not intensity rank: Missouri leads disclosures-per-firm on that 33-state board. Aggregate disclosure load is not a judgment of the state's regulators or of any individual firm.
How many broker-dealer firms are registered in Montana?
Montana registers 4 BrokerCheck firms (#42 sparser-third inventory). 2 (50.0%) hold a clean Grade-A record.
Which Montana broker-dealer has the most FINRA disclosures?
D.A. Davidson & Co. leads Montana's listing with 48 BrokerCheck disclosures across 330 offices (Grade C). Totals are reported events, not proven violations - verify on FINRA BrokerCheck.
How should I read Montana's safety grades?
Grades for Montana firms are size-normalized: weighted disclosure load ÷ branch footprint, ranked within size class. Zero-disclosure firms earn A. Editorial signals, not FINRA ratings - see methodology.
Is this official Montana broker data?
Yes. Montana's firm rows come from FINRA BrokerCheck and SEC IAPD public registries. PlainAdvisorCheck aggregates and size-normalizes them; underlying records are public domain. This is not financial advice.
All Montana Firms → All States →

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from official FINRA BrokerCheck and SEC EDGAR enforcement records for Montana. Montana ranks #42 by firm inventory and #26 by disclosure load in the PlainAdvisorCheck extract as of July 2026.