Biltmore Wealth Management provides portfolio management for individuals and small businesses, portfolio management for institutions, financial planning, and insurance.
Biltmore Wealth Management reports 307 clients. They include 211 individual clients and 96 high-net-worth individuals. Of its assets, 100.0% ($440M across 639 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 69% | 15% |
| High-net-worth individuals | 31% | 84% |
| Pension and profit-sharing plans | Fewer than 5 | 1% |
| Charitable organizations | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 211 | $66M | 15.0% | $313K |
| High-net-worth individuals | 96 | $369M | 83.9% | $3.84M |
| Pension and profit-sharing plans | Fewer than 5 | $4.6M | 1.0% | — |
| Charitable organizations | Fewer than 5 | $356K | 0.1% | — |
| Total | 307 | $440M | 100% | — |
- Clients
- 211
- Regulatory AUM
- $66M
- AUM share
- 15.0%
- Avg. per client
- $313K
- Clients
- 96
- Regulatory AUM
- $369M
- AUM share
- 83.9%
- Avg. per client
- $3.84M
- Clients
- Fewer than 5
- Regulatory AUM
- $4.6M
- AUM share
- 1.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $356K
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 307
- Regulatory AUM
- $440M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 0
Biltmore Wealth Management charges 0.80%–1.35% a year for its Investment Advisory Service. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.35% |
| $500K–$1M | 1.20% |
| $1M–$3M | 1.00% |
| $3M and above | 0.80% |
Fee details and sources
Timothy Carpenter owns 50% to 75% of Biltmore Wealth Management. The leadership team of Biltmore Wealth Management includes Chief Compliance Officer Kevin Sweeney. It has 4 employees, 3 of them in advisory roles.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- 2 insurance agents
- Owns 50% to 75% of Biltmore Wealth Management, LLC
Timothy Carpenter
Control person · since January 2010
- Owns 25% to 50% of Biltmore Wealth Management, LLC
Kevin Sweeney
Control person · since January 2010
Biltmore Wealth Management’s regulatory assets grew 1.7× from $252M (January 2021) to $440M (February 2026); clients were 307 in both filings and employees rose from 3 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $440M | 307 | 4 | 1 |
| Feb 2025February 2025 | $397M | 291 | 4 | 1 |
| Feb 2024February 2024 | $351M | 188 | 4 | 1 |
| Feb 2023February 2023 | $287M | 304 | 4 | 1 |
| Feb 2022February 2022 | $305M | 294 | 3 | 1 |
| Jan 2021January 2021 | $252M | 300 | 3 | 1 |
Besides its headquarters, Biltmore Wealth Management has 0 offices, with 1 listed address in 1 state.
Arizona · 1 listed address
- 1400 E. Southern Avenue, Suite 650, TempeHQ
Contact and registration details
- Legal name
- Biltmore Wealth Management, LLC
- Headquarters
- 1400 E. Southern Avenue, Suite 650, Tempe, AZ 85282
- Website
- biltmorewealthaz.com
- Phone
- 480-998-1819
- SEC file
- 801-81007
- Founded
- 2009
- Structure
- Delaware LLC
- Fiscal year end
- December
Biltmore Wealth Management’s named custodian for separately managed accounts is Charles Schwab ($440M). Biltmore Wealth Management has custody of $57.8M for 131 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $440M100%
At year end, Biltmore Wealth Management’s separately managed accounts were mostly in stocks (59%) and cash (37%). Its reported 13F holdings for the quarter ended 30 June 2026 total $320M across 58 positions; the largest are Select Sector SPDR TR (12.4%), Select Sector SPDR TR (12.4%) and Select Sector SPDR TR (9.0%).
What the accounts hold
- Stocks59%
- Funds3%
- Bonds1%
- Cash37%
How many clients does Biltmore Wealth Management have?
Biltmore Wealth Management has 307 clients and manages $440 million for them, as of February 2026. They include 211 individual clients and 96 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 February 2026
What services does Biltmore Wealth Management offer?
Biltmore Wealth Management provides portfolio management for individuals and small businesses, portfolio management for institutions, financial planning, and insurance.
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 Biltmore Wealth Management charge?
Biltmore Wealth Management charges 0.80%–1.35% a year for its Investment Advisory Service. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Which custodians does Biltmore Wealth Management use?
Biltmore Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $440M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 February 2026
How many financial advisors does Biltmore Wealth Management have?
Biltmore Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 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 Biltmore Wealth Management invest in?
At the end of its last fiscal year, Biltmore Wealth Management’s separately managed accounts held 59% exchange-traded equities, 37% cash and equivalents, 3% registered funds (mutual funds, ETFs, BDCs) and 1% 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 Biltmore Wealth Management?
Biltmore Wealth Management’s direct owners are Kevin Sweeney (25% to 50%) and Timothy Carpenter (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 17 February 2026
How does Biltmore Wealth Management get paid?
Biltmore 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 Biltmore Wealth Management?
Biltmore Wealth Management’s main office is at 1400 E. Southern Avenue, Suite 650, Tempe, AZ 85282. Its phone number is 480-998-1819. Its website is biltmorewealthaz.com.