Aspiriant, LLC

CRD#146720
Investment Advisor Firm

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Overview

Aspiriant, LLC is a financial advisory firm headquartered in Los Angeles, California. Aspiriant, LLC administers $12.8 billion in total assets across 8,816 accounts, making it one of the largest firms in the country by assets under management (AUM). The firm has a large team of 166 employees, of which 91 are financial advisors. Aspiriant, LLC does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets like options, bonds and equities.

Aspiriant, LLC manages the majority of its client assets in a discretionary manner. Discretionary management means that a portfolio manager makes buy and sell choices for the client's account without needing client permission. Aspiriant, LLC also oversees 1,837 non-discretionary accounts totaling $2.1 billion in assets under management. The advisory firm's typical account size is $1.4 million. The typical advisor at Aspiriant, LLC oversees about 97 client accounts.

The company's central office is located at 11100 Santa Monica Blvd, Los Angeles, California 90025. The firm is registered to serve investors across 32 U.S. states and territories.

Assets Under Management

$12.8 billion

Number of Advisors

91

Disclosures

No

Office Location

11100 Santa Monica Blvd
Los Angeles, CA 90025

Aspiriant, LLC by the Numbers

Total Assets Under Management

$12.8 billion

National Average: $3.7 billion
Total Number of Employees

166

National Average: 29
Total Number of Accounts

8,816

National Average: 2,073
Average Account Size

$1.4 million

National Average: $1.8 million

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Products and Services

Aspiriant, LLC provides multiple financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers and publication of newsletters. In the last financial year, Aspiriant, LLC provided 1000 of its clients with financial planning services. Aspiriant, LLC does sell products or offer services different than investment advisory services to its clients. The firm is affiliated with a number of other service providers in the financial services industry, including with a lawyer or law firm and commodity pool advisor.

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 62% 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.

  • Offered by 4% of firms

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Find a firm that offers this service

    Educational Seminars/Workshops

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

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Fee Structure

A financial advisor's fees vary depending on the financial services provided. Fee types billed by Aspiriant, LLC can consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

Available

  • Offered by 74% 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 35% 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.

  • Offered by 40% of firms

    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.

Unavailable

  • Find one of the 2% 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 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

The company manages money for a broad range of clients. The firm works with retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations and corporations. Out of its 8,816 customers, Aspiriant, LLC's largest client type is high net worth investors, but it also caters to 1,268 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 75.61%
  • Other Individuals - 18.49%
  • Corporations - 5.31%
  • Charitable Organizations - 0.6%

* 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

Aspiriant, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Aspiriant, LLC

Sam Lee
Los Angeles, CA
Jason Shemtob
San Francisco, CA
Carl Forster
Los Angeles, CA
Marc Castellani
Los Angeles, CA
Ami Aranha
San Diego, CA
Orin Winick
Los Angeles, CA
Michelle Nguyen
San Francisco, CA
Lorraine Fox
Los Angeles, CA
Gavin Neil
San Francisco, CA

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This content was compiled from the SEC and FINRA