Acumen Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 101–250 clients last fiscal year. The firm advises 1 private fund.
Acumen Wealth Advisors reports 303 clients. They include 144 high-net-worth individuals, 136 individual clients, and 12 pension and profit-sharing plans. Of its assets, 92.3% ($590M across 291 accounts) are managed with discretion; $48.9M across 12 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 45% | 6% |
| High-net-worth individuals | 48% | 79% |
| Pooled investment vehicles | <1% | 1% |
| Pension and profit-sharing plans | 4% | 8% |
| Charitable organizations | 1% | 3% |
| Other client typesCorporations and other businesses | 2% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 136 | $36M | 5.6% | $265K |
| High-net-worth individuals | 144 | $505M | 79.0% | $3.5M |
| Pooled investment vehicles | 1 | $9.37M | 1.5% | $9.37M |
| Pension and profit-sharing plans | 12 | $48.9M | 7.7% | $4.07M |
| Charitable organizations | 4 | $19.8M | 3.1% | $4.95M |
| Corporations and other businesses | 6 | $19.7M | 3.1% | $3.29M |
| Total | 303 | $638M | 100% | $2.11M |
- Clients
- 136
- Regulatory AUM
- $36M
- AUM share
- 5.6%
- Avg. per client
- $265K
- Clients
- 144
- Regulatory AUM
- $505M
- AUM share
- 79.0%
- Avg. per client
- $3.5M
- Clients
- 1
- Regulatory AUM
- $9.37M
- AUM share
- 1.5%
- Avg. per client
- $9.37M
- Clients
- 12
- Regulatory AUM
- $48.9M
- AUM share
- 7.7%
- Avg. per client
- $4.07M
- Clients
- 4
- Regulatory AUM
- $19.8M
- AUM share
- 3.1%
- Avg. per client
- $4.95M
- Clients
- 6
- Regulatory AUM
- $19.7M
- AUM share
- 3.1%
- Avg. per client
- $3.29M
Total
- Clients
- 303
- Regulatory AUM
- $638M
- AUM share
- 100%
- Avg. per client
- $2.11M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 101–250
Acumen Wealth Advisors charges 0.75%–1.50% a year for its Comprehensive Portfolio Management. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.50% |
| $1M–$2M | 1.30% |
| $2M–$5M | 1.20% |
| $5M–$10M | 1.00% |
| $10M–$20M | 0.80% |
| $20M and above | 0.75% |
Fee details and sources
Other fees
- Financial planning and consulting
- Financial planning and consulting are billed hourly (up to $499 an hour for planning), as a flat fee, or as a percentage of assets under advisement, and are negotiable.
Marinus Veltenaar owns 75% or more of Acumen Wealth Advisors. The leadership team of Acumen Wealth Advisors includes Chief Financial Officer David Wolfe and Chief Compliance Officer Amy Stone. It has 17 employees, 12 of them in advisory roles.
Leadership
- David WolfeChief Financial Officer
- Amy StoneChief Compliance Officer, Minority Partner
- Thomas BlewettMinority Partner
- Paula GreenReal Estate Strategist, Minority Partner
- Marinus VeltenaarManaging Member
- Rosalind VeltenaarMinority Partner
Investment adviser representatives
12 representatives listed in the SEC register as of 9 October 2026.
- Michael Allan Albertson
- Colby Lance Kaluzniak
- Kent Berry Mann
- Shawna McCoy
- Jennifer Morrison
- Katherine Danielle Staten-Sneed
- Amy Renee Stone
- Marinus Stephen Veltenaar
- Reed David Walters
- Julie Weddle
- David Horner Wolfe
- Jerome Hyonjin You
Staff
- 17 employees
- 12 in advisory functions
- 12 state-registered reps
- 2 insurance agents
- Owns 75% or more of Acumen Wealth Advisors, LLC
Marinus Veltenaar
Control person · since January 2012
- Owns 10% to 25% of Acumen Wealth Advisors, LLC
Rosalind Veltenaar
since January 2018
Acumen Wealth Advisors’ regulatory assets grew 2.3× from $276M (March 2021) to $638M (March 2026); clients rose from 173 to 303 and employees from 13 to 17.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $638M | 303 | 17 | 1 |
| Apr 2025April 2025 | $594M | 271 | 17 | 1 |
| Apr 2024April 2024 | $427M | 240 | 17 | 1 |
| Apr 2023April 2023 | $339M | 220 | 16 | 1 |
| Mar 2022March 2022 | $354M | 199 | 16 | 1 |
| Mar 2021March 2021 | $276M | 173 | 13 | 1 |
Besides its headquarters, Acumen Wealth Advisors has 0 offices, with 1 listed address in 1 state.
Tennessee · 1 listed address
- 250 Forest Avenue, ChattanoogaHQ
Contact and registration details
- Legal name
- Acumen Wealth Advisors, LLC
- Headquarters
- 250 Forest Avenue, Chattanooga, TN 37405
- Website
- acumenwealth.com
- Phone
- 423-825-4796
- @acumen-wealth-advisors
- SEC file
- 801-107192
- Founded
- 2012
- Structure
- Tennessee LLC
- Fiscal year end
- December
Acumen Wealth Advisors’ named custodian for separately managed accounts is Charles Schwab ($374M). Acumen Wealth Advisors has custody of $258M for 153 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $374M100%
At year end, Acumen Wealth Advisors’ separately managed accounts were mostly in stocks (67%) and bonds (27%). Its reported 13F holdings for the quarter ended 30 June 2026 total $472M across 493 positions; the largest are iShares TR (7.3%), iShares TR (5.4%) and Rbb Fund Trust (5.0%).
What the accounts hold
- Stocks67%
- Funds4%
- Registered funds2%
- Pooled vehicles2%
- Bonds27%
- State and local bonds14%
- Investment grade corporate bonds12%
- U.S. government and agency bonds1%
- Cash2%
Reported 13F holdings
- $472M
- Reported 13F value
- 493
- Positions
- 42.6%
- In the 10 largest
- +26.9%
- Value vs. prior quarter
- iShares TR · Core US Aggbd ET7.3%
- iShares TR · Core S&P500 ETF5.4%
- Rbb Fund Trust · Firs Eagl OV ETF5.0%
- Nvidia Corporation4.6%
- American Centy ETF TR · US Sml CP Valu4.3%
- American Centy ETF TR · Avantis All Int3.4%
- Apple Inc.3.3%
- Alphabet Inc. · Cap Stk CL A3.3%
- Fidelity Covington Trust · Fun Sma Mid ETF3.2%
- Vanguard Mun BD Fds · Tax Exempt BD2.8%
Together, the ten largest are 42.6% of reported value.
How many clients does Acumen Wealth Advisors have?
Acumen Wealth Advisors has 303 clients and manages $638 million for them, as of March 2026. They include 144 high-net-worth individuals, 136 individual clients, and 12 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Acumen Wealth Advisors offer?
Acumen Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Acumen Wealth Advisors charge?
Acumen Wealth Advisors charges 0.75%–1.50% a year for its Comprehensive Portfolio Management. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: FORM ADV 2A, filed 27 March 2026
Which custodians does Acumen Wealth Advisors use?
Acumen Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $374M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Acumen Wealth Advisors have?
Acumen Wealth Advisors has 12 investment adviser representatives registered with state securities authorities, out of 17 employees, and 12 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Acumen Wealth Advisors invest in?
At the end of its last fiscal year, Acumen Wealth Advisors’ separately managed accounts held 67% exchange-traded equities, 14% state and local bonds, 12% investment grade corporate bonds, 2% registered funds (mutual funds, ETFs, BDCs), 2% pooled vehicles (private funds and similar), 2% cash and equivalents and 1% U.S. government and agency bonds. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Acumen Wealth Advisors?
Acumen Wealth Advisors’ direct owners are Marinus Veltenaar (75% or more) and Rosalind Veltenaar (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Acumen Wealth Advisors get paid?
Acumen Wealth Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Acumen Wealth Advisors?
Acumen Wealth Advisors’ main office is at 250 Forest Avenue, Chattanooga, TN 37405. Its phone number is 423-825-4796. Its website is acumenwealth.com.