Ascension Wealth Partners, LLC

CRD#146451
Investment Advisor Firm

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Overview

Ascension Wealth Partners, LLC is a financial advisory company headquartered in Pleasant Hill, California. The firm has $105.9 million in assets across 121 customer accounts, placing it in the mid-tier of financial advisory firms in the country by assets under management (AUM). Ascension Wealth Partners, LLC has a small team, including 2 financial advisors. Ascension Wealth Partners, LLC does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are tradable fiscal investments such as stocks, options and bonds.

Ascension Wealth Partners, LLC manages all of its accounts on a discretionary basis. Discretionary management means that transaction judgments are made by a portfolio manager without needing client permission. The advisory firm's average account size is $874,991. The typical financial advisor at Ascension Wealth Partners, LLC manages around 61 client accounts, placing it towards the middle in terms of personalization.

The firm's headquarters is located at 391 Taylor Boulevard, Pleasant Hill, California 94523. It is legally permitted to provide services to clients in the state of California.

Assets Under Management

$105.9 million

Number of Advisors

2

Disclosures

No

Office Location

391 Taylor Boulevard
Pleasant Hill, CA 94523

Ascension Wealth Partners, LLC by the Numbers

Total Assets Under Management

$105.9 million

National Average: $8.6 billion
Total Number of Employees

2

National Average: 64
Total Number of Accounts

121

National Average: 375,227
Average Account Size

$875.0 thousand

National Average: $23.0 thousand
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Fee Structure

Financial management fees are based on which services the firm provides the client. However, fees billed by the firm typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    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.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    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.

  • Find one of the 1% 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 26% 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 0% 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 32% 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 10% 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

Ascension Wealth Partners, LLC works with retail investors and high net worth investors. Out of its 121 customers, Ascension Wealth Partners, LLC's biggest client group is high net worth investors, although it also serves 40 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management 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 its clients are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 93.02%
  • Other Individuals - 6.98%
  • Corporations - 0%
  • 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

Ascension Wealth Partners, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Ascension Wealth Partners, LLC

Michael Sappington
Pleasant Hill, CA
Kory Swekla
Pleasant Hill, CA

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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