Ashton Thomas Private Wealth, LLC (Scottsdale)

Ashton Thomas Private Wealth, LLC is a large advisory firm based in Scottsdale. It manages $368.46 million of regulatory assets for 1,428 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Colorado, and 7 other states.

Ashton Thomas Private Wealth provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, educational seminars and workshops, and variable product model design and maintenance. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ashton Thomas Private Wealth: assets under management

The assets under management (AUM) of Ashton Thomas Private Wealth, LLC is $368.46 million. The firm's AUM has grown by 59% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $357.26 million in discretionary accounts and $11.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $269.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $108.73 thousand.

Ashton Thomas Private Wealth has custody of $3.97 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is investment and business development companies, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ashton Thomas Private Wealth, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ashton Thomas Private Wealth serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Ashton Thomas Private Wealth is high net worth individuals with 144 clients and $249.74 million of assets under management. Among the 11 most similar advisory firms, Ashton Thomas Private Wealth has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $368.46 million for 540 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Ashton Thomas Private Wealth doesn't advise any private funds.

Careers at Ashton Thomas Private Wealth, LLC

The company employs 14 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 12 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ashton Thomas Management Llc	Member	1 Mar 2010	75% - 100%	27-2399871
Heidi Maria Brodt	Chief operating officer	1 Jan 2013	Other	6671739
Peggy Jolen Garcia	Chief compliance officer	1 Dec 2014	Other	5041087
James Jeffrey Halvosa	Chief compliance officer	1 Mar 2015	Other	2603382
Jay Elwood Esche	Cco	1 May 2016	Other	6434040
Aaron Paul Brodt	Ceo	1 May 2016	Other	5017914

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Aaron Paul Brodt	Managing member	1 Mar 2010	25% - 50%	5017914

Based in Scottsdale

The principal office where Ashton Thomas Private Wealth, LLC performs its advisory services is located at 15279 N Scottsdale Road, Scottsdale, AZ 85254, which is also the mailing address of the firm. An additional office of the firm is in Draper, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 602-732-4745 or by fax 602-734-5495. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday.