Asset One Wealth Management provides financial planning, portfolio management for individuals and small businesses, business succession planning, education planning, estate planning, family office services, insurance, philanthropic planning, retirement plan services, and tax planning.
Asset One Wealth Management reports 1,173 clients. They include 888 individual clients, 282 high-net-worth individuals and 2 charitable organizations. Of its assets, 100.0% ($983M across 3,056 accounts) are managed with discretion. It advised 1,173 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 76% | 29% |
| High-net-worth individuals | 24% | 67% |
| Banking or thrift institutions | 0% | 0% |
| Pension and profit-sharing plans | 0% | 0% |
| Charitable organizations | <1% | <1% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses | <1% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 888 | $284M | 29.0% | $320K |
| High-net-worth individuals | 282 | $656M | 66.8% | $2.33M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | Fewer than 5 | $0 | 0.0% | — |
| Charitable organizations | Fewer than 5 | $1.6M | 0.2% | $799K |
| State or municipal government entities | Fewer than 5 | $0 | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $40M | 4.1% | $40M |
| Total | 1,173 | $983M | 100% | — |
- Clients
- 888
- Regulatory AUM
- $284M
- AUM share
- 29.0%
- Avg. per client
- $320K
- Clients
- 282
- Regulatory AUM
- $656M
- AUM share
- 66.8%
- Avg. per client
- $2.33M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.6M
- AUM share
- 0.2%
- Avg. per client
- $799K
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $40M
- AUM share
- 4.1%
- Avg. per client
- $40M
Total
- Clients
- 1,173
- Regulatory AUM
- $983M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1,173
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Asset One Wealth Management charges up to 1.75% a year for its Investment Management and Wealth Management Fees. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Retirement plan investment consulting
- Retirement plan consulting is charged an asset-based fee negotiated with the plan sponsor; no rate is stated.
Aowm Ventures LLC owns 75% or more of Asset One Wealth Management and is in turn owned by Don Petricic (25–50%) and Robert Phillips (25–50%). The leadership team of Asset One Wealth Management includes Chief Compliance Officer Richard Chen. It has 19 employees, 9 of them in advisory roles.
Staff
- 19 employees
- 9 in advisory functions
- 13 state-registered reps
- 6 broker-dealer reps
- 6 insurance agents
- 7 soliciting firms
- Owns 75% or more of Asset One Wealth Management, LLC
Aowm Ventures LLC
Control person · since June 2025
- Owns 25% to 50% of Aowm Ventures LLC
Don Petricic
Control person · since July 2012
- Owns 25% to 50% of Aowm Ventures LLC
Robert Phillips
Control person · since July 2012
Austin Velarde
Manager · Control person · since June 2025
Asset One Wealth Management’s regulatory assets grew Infinity× from $0 (July 2025) to $983M (October 2026); employees rose from 5 to 19.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Oct 2026October 2026 | $983M | 1,173 | 19 | 9 |
| Jul 2025July 2025 | $0 | 0 | 5 | 1 |
Besides its headquarters, Asset One Wealth Management has 8 offices (3 private residences, listed without an address), with 6 listed addresses across 6 states.
Colorado · 1 listed address
- 189 Talisman Drive, Pagosa Springs
Ohio · 1 listed address
- 520 S Main St Suite A, Findlay
Oregon · 1 listed address
- 35006 Hawk Hill Road, Philomath
Texas · 1 listed address
- 101 Simonton St,, Conroe
Utah · 1 listed address
- 12459 S300 E, #102, Draper
Washington · 1 listed address
- 11201 Se 8th Street, Suite 105, BellevueHQ
Other business names
Asset One Wealth Management has reported 3 other business names to the SEC.
- Ak Wealth Management
- PFP Strategic Wealth Advisors
- Scott Strategic Investments, LLC
Contact and registration details
- Legal name
- Asset One Wealth Management, LLC
- Headquarters
- 11201 Se 8th Street, Suite 105, Bellevue, WA 98004
- Website
- assetone.com
- Phone
- 425-504-8200
- SEC file
- 801-132828
- Founded
- 2025
- Structure
- Delaware LLC
- Fiscal year end
- December
Asset One Wealth Management does not have custody of client assets.
At year end, Asset One Wealth Management’s separately managed accounts were mostly in stocks (54%) and funds (26%). Its reported 13F holdings for the quarter ended 30 June 2026 total $948M across 347 positions; the largest are Microsoft Corp. (4.0%), Apple Inc. (3.6%) and Vaneck Merk Gold ETF (3.2%).
What the accounts hold
- Stocks54%
- Funds26%
- Registered funds25%
- Pooled vehicles1%
- Bonds13%
- Investment grade corporate bonds11%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash7%
How many clients does Asset One Wealth Management have?
Asset One Wealth Management has 1,173 clients and manages $983 million for them, as of October 2026. They include 888 individual clients, 282 high-net-worth individuals and 2 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 October 2026
What services does Asset One Wealth Management offer?
Asset One Wealth Management provides financial planning, portfolio management for individuals and small businesses, business succession planning, education planning, estate planning, family office services, insurance, philanthropic planning, retirement plan services, 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 Asset One Wealth Management charge?
Asset One Wealth Management charges up to 1.75% a year for its Investment Management and Wealth Management Fees. The fee is billed in advance and is negotiable.
Source: FORM ADV PART 2A DISCLOSURE BROCHURE, filed 10 April 2026
How many financial advisors does Asset One Wealth Management have?
Asset One Wealth Management has 13 investment adviser representatives registered with state securities authorities, out of 19 employees, and 9 perform investment advisory functions. 6 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 Asset One Wealth Management invest in?
At the end of its last fiscal year, Asset One Wealth Management’s separately managed accounts held 54% exchange-traded equities, 25% registered funds (mutual funds, ETFs, BDCs), 11% investment grade corporate bonds, 7% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Asset One Wealth Management?
Asset One Wealth Management is owned through a holding company by Don Petricic and Robert Phillips. Its direct owner is Aowm Ventures LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 1 October 2026
How does Asset One Wealth Management get paid?
Asset One Wealth Management is paid through a percentage of assets under management. 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 Asset One Wealth Management?
Asset One Wealth Management’s main office is at 11201 Se 8th Street, Suite 105, Bellevue, WA 98004. Its phone number is 425-504-8200. Its website is assetone.com.