Aletheian Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, estate planning, family office services, insurance, philanthropic planning, and tax planning. Financial planning was provided to 11–25 clients last fiscal year.
Aletheian Wealth Advisors reports 137 clients. They include 69 high-net-worth individuals, 36 individual clients and 32 charitable organizations. Of its assets, 88.5% ($365M across 395 accounts) are managed with discretion; $47.6M across 151 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 26% | 4% |
| High-net-worth individuals | 50% | 95% |
| Charitable organizations | 23% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 36 | $16.6M | 4.0% | $462K |
| High-net-worth individuals | 69 | $392M | 95.0% | $5.68M |
| Charitable organizations | 32 | $3.84M | 0.9% | $120K |
| Total | 137 | $413M | 100% | $3.01M |
- Clients
- 36
- Regulatory AUM
- $16.6M
- AUM share
- 4.0%
- Avg. per client
- $462K
- Clients
- 69
- Regulatory AUM
- $392M
- AUM share
- 95.0%
- Avg. per client
- $5.68M
- Clients
- 32
- Regulatory AUM
- $3.84M
- AUM share
- 0.9%
- Avg. per client
- $120K
Total
- Clients
- 137
- Regulatory AUM
- $413M
- AUM share
- 100%
- Avg. per client
- $3.01M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Aletheian Wealth Advisors charges 0.25%–1.00% a year for its Investment Management – Multi-Family Office Services. Each asset band is charged at its own rate. The fee is billed in advance. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$3M | 1.00% |
| $3M–$5M | 0.90% |
| $5M–$10M | 0.65% |
| $10M–$25M | 0.50% |
| $25M–$50M | 0.40% |
| $50M–$100M | 0.30% |
| $100M and above | 0.25% |
Fee details and sources
Other fees
- Family Advisory Services
- Negotiated flat fee set in a separate engagement contract, or an average of $265.00 per hour with a minimum engagement of 20 hours; fees are paid in advance.
- Treasury Management
- Offered for a flat rate of 0.25% to maintain a high liquidity profile, with a minimum account value of $1,000,000.
Joshua Betts owns 25% to 50% of Aletheian Wealth Advisors. The leadership team of Aletheian Wealth Advisors includes Chief Investment Officer Steven Kleyn and Chief Operating Officer Randy Siegel. It has 6 employees, 5 of them in advisory roles.
Leadership
Randy SiegelChief Operating Officer & Chief Compliance Officer
Joshua BettsCEO- Kevin ErwertOwner
Steven KleynChief Investment Officer
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 5 in advisory functions
- 5 state-registered reps
- Owns 25% to 50% of Aletheian Wealth Advisors LLC
Joshua Betts
Control person · since May 2019
- Owns 25% to 50% of Aletheian Wealth Advisors LLC
Randy Siegel
Control person · since May 2019
- Owns 5% to 10% of Aletheian Wealth Advisors LLC
Horseshoe Acres, LLC
since January 2024
- Owns 50% to 75% of Horseshoe Acres, LLC
William Erwert
Control person · since May 2019
- Owns 5% to 10% of Aletheian Wealth Advisors LLC
Rutherford Marital Trust
since January 2024
Janine Rutherford
Owner · Control person · since May 2023
- Owns 5% to 10% of Aletheian Wealth Advisors LLC
Kevin Erwert
since May 2019
- Owns 5% to 10% of Aletheian Wealth Advisors LLC
Steven Kleyn
since October 2021
Aletheian Wealth Advisors’ regulatory assets grew 4.1× from $100M (July 2021) to $413M (February 2026); clients rose from 49 to 137 and employees were 6 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $413M | 137 | 6 | 3 |
| January 2025 | $338M | 184 | 6 | 3 |
| February 2024 | $350M | 102 | 6 | 1 |
| August 2023 | $283M | 174 | 7 | 1 |
| May 2022 | $163M | 79 | 7 | 1 |
| July 2021 | $100M | 49 | 6 | 1 |
Besides its headquarters, Aletheian Wealth Advisors has 2 offices (2 private residences, listed without an address), with 1 listed address in Washington.
Washington · 1 listed address
- 777 108th Ave Ne, Suite 2250, BellevueHQ
Contact and registration details
- Legal name
- Aletheian Wealth Advisors LLC
- Headquarters
- 777 108th Ave Ne, Suite 2250, Bellevue, WA 98004
- Website
- aletheianadvisors.com
- Phone
- 425-458-2840
- SEC file
- 801-121173
- Founded
- 2019
- Structure
- Washington LLC
- Fiscal year end
- December
Aletheian Wealth Advisors uses Fidelity ($413M) as custodian for its separately managed accounts. Aletheian Wealth Advisors has custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $413M100%
At year end, Aletheian Wealth Advisors’ separately managed accounts were mostly in funds (57%) and stocks (20%). Its reported 13F holdings for the quarter ended 30 June 2026 total $234M across 109 positions; the largest are iShares TR (11.6%), Vanguard BD Index Fds (11.1%) and Vanguard Tax-managed Fds (10.5%).
What the accounts hold
- Stocks20%
- Funds57%
- Registered funds49%
- Pooled vehicles8%
- Bonds18%
- U.S. government and agency bonds9%
- State and local bonds9%
- Cash5%
Reported 13F holdings
- $234M
- Reported 13F value
- 109
- Positions
- 56.5%
- In the 10 largest
- +14.1%
- Value vs. prior quarter
- iShares TR · Core S&P Ttl Stk11.6%
- Vanguard BD Index Fds · Total Bnd Mrkt11.1%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt10.5%
- Vanguard Charlotte Fds · Total Int BD ETF4.3%
- Vanguard Intl Equity Index F · FTSE Emr Mkt ETF4.2%
- iShares TR · Core S&P500 ETF3.5%
- Invesco Exchange Traded FD T · Gbl Listed Pvt3.5%
- Vanguard Index Fds · Real Estate ETF3.0%
- iShares TR · National Mun ETF2.7%
- Vanguard Intl Equity Index F · FTSE Smcap ETF2.1%
Together, the ten largest are 56.5% of reported value.
How many clients does Aletheian Wealth Advisors have?
Aletheian Wealth Advisors has 137 clients and manages $413 million for them, as of February 2026. They include 69 high-net-worth individuals, 36 individual clients and 32 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 February 2026
What services does Aletheian Wealth Advisors offer?
Aletheian Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, estate planning, family office services, 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 Aletheian Wealth Advisors charge?
Aletheian Wealth Advisors charges 0.25%–1.00% a year for its Investment Management – Multi-Family Office Services. Each asset band is charged at its own rate. The fee is billed in advance.
Source: ADV PART 2A- ALETHEIAN WEALTH ADVISORS LLC, filed 5 February 2026
Which custodians does Aletheian Wealth Advisors use?
Aletheian Wealth Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $413M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 February 2026
How many financial advisors does Aletheian Wealth Advisors have?
Aletheian Wealth Advisors has 5 investment adviser representatives registered with state securities authorities, out of 6 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Aletheian Wealth Advisors invest in?
At the end of its last fiscal year, Aletheian Wealth Advisors’ separately managed accounts held 49% registered funds (mutual funds, ETFs, BDCs), 20% exchange-traded equities, 9% U.S. government and agency bonds, 9% state and local bonds, 8% pooled vehicles (private funds and similar) and 5% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Aletheian Wealth Advisors?
Aletheian Wealth Advisors is owned through a trust and a holding company by William Erwert. Its direct owners are Joshua Betts, Randy Siegel, Horseshoe Acres, LLC, Rutherford Marital Trust, Kevin Erwert and Steven Kleyn, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 5 February 2026
How does Aletheian Wealth Advisors get paid?
Aletheian Wealth Advisors is paid through a percentage of assets under management 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 Aletheian Wealth Advisors?
Aletheian Wealth Advisors’ main office is at 777 108th Ave Ne, Suite 2250, Bellevue, WA 98004. Its phone number is 425-458-2840. Its website is aletheianadvisors.com.