Ascendor Wealth provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 101–250 clients last fiscal year.
Ascendor Wealth reports 140 clients. They include 101 individual clients, 34 high-net-worth individuals, and 5 pension and profit-sharing plans. Of its assets, 100.0% ($146M across 402 accounts) are managed with discretion. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 72% | 28% |
| High-net-worth individuals | 24% | 69% |
| Pension and profit-sharing plans | 4% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 101 | $41.2M | 28.3% | $408K |
| High-net-worth individuals | 34 | $100M | 68.8% | $2.95M |
| Pension and profit-sharing plans | 5 | $4.28M | 2.9% | $856K |
| Total | 140 | $146M | 100% | $1.04M |
- Clients
- 101
- Regulatory AUM
- $41.2M
- AUM share
- 28.3%
- Avg. per client
- $408K
- Clients
- 34
- Regulatory AUM
- $100M
- AUM share
- 68.8%
- Avg. per client
- $2.95M
- Clients
- 5
- Regulatory AUM
- $4.28M
- AUM share
- 2.9%
- Avg. per client
- $856K
Total
- Clients
- 140
- Regulatory AUM
- $146M
- AUM share
- 100%
- Avg. per client
- $1.04M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Ascendor Wealth is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning and consulting for clients who need a project-based engagement is charged a mutually agreed fixed fee, generally at least $2,000 and up to $500,000.
Lord and Graves, Inc. owns 50% to 75% of Ascendor Wealth and is in turn owned by Ricky Graves (75% or more). The leadership team of Ascendor Wealth includes Chief Compliance Officer Brandon Dembowiak. It has 6 employees.
Leadership
Brandon DembowiakManager, Chief Compliance Officer
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 6 in advisory functions
- 6 state-registered reps
- 6 insurance agents
- Owns 50% to 75% of Ascendor Wealth, LLC
Lord and Graves, Inc.
Control person · since December 2019
- Owns 75% or more of Lord and Graves, Inc.
Ricky Graves
Control person · since December 2019
- Owns 25% to 50% of Ascendor Wealth, LLC
Dembo Management, Inc.
Control person · since December 2020
- Owns 75% or more of Dembo Management, Inc.
Brandon Dembowiak
Control person · since December 2020
Ascendor Wealth’s regulatory assets grew from $117M (June 2025) to $146M (July 2026); clients rose from 124 to 140 and employees from 5 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $146M | 140 | 6 | 3 |
| June 2025 | $117M | 124 | 5 | 3 |
Besides its headquarters, Ascendor Wealth has 2 offices, with 3 listed addresses in North Carolina.
North Carolina · 3 listed addresses
- 5700 Oleander Drive, WilmingtonHQ
- 8006 Linville Road, Oak Ridge
- 300 Judd Place Drive, Fuqua-Varina
Contact and registration details
- Legal name
- Ascendor Wealth, LLC
- Headquarters
- 5700 Oleander Drive, Wilmington, NC 28403
- Website
- ascendorwealth.com
- Phone
- 910-790-0122
- SEC file
- 801-133828
- Structure
- North Carolina LLC
- Fiscal year end
- December
Ascendor Wealth uses SEI Investments Distribution ($141M) as custodian for its separately managed accounts. Ascendor Wealth has custody of client assets.
- SEI Investments DistributionSEI Investments Distribution Co. · Oaks, PA · $141M100%
At year end, Ascendor Wealth’s separately managed accounts were mostly in funds (63%) and bonds (17%).
What the accounts hold
- Stocks15%
- Funds63%
- Bonds17%
- Investment grade corporate bonds8%
- State and local bonds5%
- U.S. government and agency bonds4%
- Cash5%
How many clients does Ascendor Wealth have?
Ascendor Wealth has 140 clients and manages $146 million for them, as of July 2026. They include 101 individual clients, 34 high-net-worth individuals, and 5 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 July 2026
What services does Ascendor Wealth offer?
Ascendor Wealth provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Ascendor Wealth use?
Ascendor Wealth’s separately managed account assets are held at SEI Investments Distribution Co. (Oaks, PA), with $141M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 July 2026
How many financial advisors does Ascendor Wealth have?
Ascendor Wealth has 6 investment adviser representatives registered with state securities authorities, out of 6 employees, and 6 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 6 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 Ascendor Wealth invest in?
At the end of its last fiscal year, Ascendor Wealth’s separately managed accounts held 63% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities, 8% investment grade corporate bonds, 5% state and local bonds, 5% cash and equivalents and 4% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Ascendor Wealth?
Ascendor Wealth is owned through holding companies by Ricky Graves and Brandon Dembowiak. Its direct owners are Lord and Graves, Inc. (50% to 75%) and Dembo Management, Inc. (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 3 July 2026
How does Ascendor Wealth get paid?
Ascendor Wealth 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 Ascendor Wealth?
Ascendor Wealth’s main office is at 5700 Oleander Drive, Wilmington, NC 28403. Its phone number is 910-790-0122. Its website is ascendorwealth.com.