The Ascent Group, LLC
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Overview
The Ascent Group, LLC is located at 192 Ballard Court, Virginia Beach, VA. The firm employs 21 financial advisors to manage client portfolios and provide financial guidance. The Ascent Group, LLC is not a registered broker-dealer.
The Ascent Group, LLC oversees $2.9 billion in assets under management across 4,261 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to 2,000 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, and selection of other advisers. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, and corporations, with retail investors being the largest client type by accounts. The fee structure at The Ascent Group, LLC includes asset-based, hourly, and fixed fees. The firm has 446 high net worth clients.
The Ascent Group, LLC is registered in the states of Alabama, California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Massachusetts, Minnesota, Mississippi, Nevada, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, and Wisconsin.
Assets Under Management
Number of Advisors
Disclosures
Office Location
The Ascent Group, LLC by the Numbers
$2.9 billion
23
4,261
$675.9 thousand
Products and Services
The Ascent Group, LLC provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, and selection of other advisers. In the past financial year, The Ascent Group, LLC provided financial planning services to 2000 of its accounts. The Firm is not involved in selling products or offering services apart from investment advisory services to its investment advisory clients.
Core Advisor Services
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Offered by 31% 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.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors largely vary depending on which service is provided. Fees charged by The Ascent Group, LLC may include some blend of the following fee types: asset-based, hourly, or fixed.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company manages money for a number of different clients. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, and corporations. Out of its 5 clients, The Ascent Group, LLC's largest client group by number of accounts is pension plans, although it also serves 446 high-net-worth individuals. The SEC defines a high-net-worth individual as a person 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).
- High-Net-Worth Individuals* - 22.55%
- Other Individuals - 70.42%
- Corporations - 6.02%
- Charitable Organizations - 1.01%
* 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
The Ascent Group, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at The Ascent Group, LLC
Virginia Beach, VA
Wayne, PA
Virginia Beach, VA
Wayne, PA
Wayne, PA
Virginia Beach, VA
Virginia Beach, VA
Haddonfield, NJ
Virginia Beach, VA
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SmartAsset’s free advisor matching tool makes it easier to find a vetted advisor so you can make an informed decision and choose one that you feel best suits your individual needs. Click here to find your advisor matches today.
The content in this profile was updated by SmartAsset on 6/19/2024. 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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