Ashton Thomas Private Wealth

CRD#153902
Investment Advisor Firm

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Overview

Ashton Thomas Private Wealth is a financial advisor firm headquartered in Scottsdale, Arizona. Ashton Thomas Private Wealth controls $368.5 million in assets under management across 1,428 client accounts, placing it among the bigger firms in the United States by assets under management (AUM). Ashton Thomas Private Wealth has a small group of 14 employees, of which 12 are financial advisors. Ashton Thomas Private Wealth does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like bonds, equities and options.

Ashton Thomas Private Wealth administers more than half of its client assets on a discretionary basis. Discretionary management is a structure in which transaction judgments are made by an investment advisor without needing to seek client approval. The company also has 103 non-discretionary accounts totaling $11.2 million in assets. The advisory firm's typical account size is $258,025. The average financial advisor at Ashton Thomas Private Wealth manages about 119 client accounts.

Ashton Thomas Private Wealth's central office is at 15279 N Scottsdale Road, Scottsdale, Arizona 85254. Ashton Thomas Private Wealth is allowed to serve clients throughout 18 U.S. states and territories.

Assets Under Management

$368.5 million

Number of Advisors

12

Fee Structure

Asset-based, Hourly

Disclosures

No

Office Location

15279 N Scottsdale Road
Scottsdale, AZ 85254

Ashton Thomas Private Wealth by the Numbers

Total Assets Under Management

$368.5 million

National Average: $3.3 billion
Total Number of Employees

14

National Average: 4,943
Total Number of Accounts

1,428

National Average: 2,522
Average Account Size

$258.0 thousand

National Average: $1.3 million

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Products and Services

Ashton Thomas Private Wealth offers a number of services, which can include financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, educational seminars and other services. In the prior fiscal year, Ashton Thomas Private Wealth provided 1-10 of its accounts with financial planning services. The firm does not sell products or offer services other than investment advice to its investment advisory clients. The company also has a number of financial industry affiliations, including with an insurance company or agency.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 63% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees for financial management typically depend on which service is provided. Fee types charged by the firm likely include some blend of the following fee types: asset-based or hourly. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 37% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

Unavailable

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Ashton Thomas Private Wealth works with retail investors, high net worth investors and pension plans. Out of its 1,428 accounts, Ashton Thomas Private Wealth's biggest client group by number of accounts is retail investors, but it also manages money for 144 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 26.67%
  • Other Individuals - 71.3%
  • Corporations - 2.04%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Ashton Thomas Private Wealth does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Ashton Thomas Private Wealth

John Morzelewski
Draper, UT

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This content was compiled from the SEC and FINRA