Ellsworth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, business succession planning, education planning, estate planning, family office services, insurance, philanthropic planning, and tax planning. Financial planning was provided to 251–500 clients last fiscal year. The firm advises 9 private funds.
Ellsworth Advisors reports 860 clients. They include 641 individual clients, 212 high-net-worth individuals, and 7 corporations and other businesses. Of its assets, 99.0% ($1.39B across 2,048 accounts) are managed with discretion; $14.5M across 40 accounts are not. A wrap fee program the firm both sponsors and manages holds $836M. It advised 10 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 75% | 56% |
| High-net-worth individuals | 25% | 42% |
| Corporations and other businesses | <1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 641 | $794M | 56.5% | $1.24M |
| High-net-worth individuals | 212 | $593M | 42.1% | $2.8M |
| Corporations and other businesses | 7 | $19.6M | 1.4% | $2.8M |
| Total | 860 | $1.41B | 100% | $1.64M |
- Clients
- 641
- Regulatory AUM
- $794M
- AUM share
- 56.5%
- Avg. per client
- $1.24M
- Clients
- 212
- Regulatory AUM
- $593M
- AUM share
- 42.1%
- Avg. per client
- $2.8M
- Clients
- 7
- Regulatory AUM
- $19.6M
- AUM share
- 1.4%
- Avg. per client
- $2.8M
Total
- Clients
- 860
- Regulatory AUM
- $1.41B
- AUM share
- 100%
- Avg. per client
- $1.64M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 10
- Private funds advised
- 9
- Financial planning clients last fiscal year
- 251–500
Ellsworth Advisors charges up to 1.00% a year for its Individual Wealth Management Services. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Consulting
- Financial plans are billed as a negotiable fixed rate based on complexity, number of accounts and other factors, payable in arrears on completion.
Ellsworth Advisors Holdings, LLC owns 75% or more of Ellsworth Advisors and is in turn owned by Matthew Kaulig (75% or more). The leadership team of Ellsworth Advisors includes President Kelly Kuennen, Chief Financial Officer Paul Martin and Chief Compliance Officer Michelle Schwab. It has 16 employees, 11 of them in advisory roles.
Leadership
- Kelly KuennenPresident
- Paul MartinChief Financial Officer
- Michelle SchwabChief Compliance Officer
- Brett BaskinDirector
- Timothy ClepperManaging Partner
- Patrick JusticeManaging Director
- Cameron MieleManaging Director
- Michael SchindlerManaging Director
Investment adviser representatives
14 representatives listed in the SEC register as of 9 October 2026.
- Christopher George Ameen
- Brett David Baskin
- Timothy Banks Clepper
- John Leo Dugan
- David John Jakubowski
- Patrick Aaron Justice
- Kelly Michael Kuennen
- Cameron Shields Miele
- Kelly Orris
- Christopher Michael Prado
- Michael Maxwell Schindler
- Michelle Marie Schwab
- Derek N Spencer
- Cade Thomas Tonozzi
Staff
- 16 employees
- 11 in advisory functions
- 11 state-registered reps
- 4 insurance agents
- Owns 75% or more of Ellsworth Advisors, LLC
Ellsworth Advisors Holdings, LLC
Control person · since April 2018
- Owns 75% or more of Ellsworth Advisors Holdings, LLC
Matthew Kaulig
Control person · since April 2018
Ellsworth Advisors’ regulatory assets grew 2.5× from $562M (June 2021) to $1.41B (February 2026); clients rose from 305 to 860 and employees from 12 to 16.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $1.41B | 860 | 16 | 3 |
| February 2025 | $1.19B | 758 | 16 | 3 |
| March 2024 | $914M | 597 | 13 | 3 |
| May 2023 | $777M | 527 | 13 | 3 |
| March 2022 | $711M | 396 | 12 | 2 |
| June 2021 | $562M | 305 | 12 | 1 |
Besides its headquarters, Ellsworth Advisors has 2 offices (1 private residence, listed without an address), with 2 listed addresses in Ohio.
Ohio · 2 listed addresses
- 1764 Georgetown Road, HudsonHQ
- 1521 Georgetown Road, Hudson
Contact and registration details
- Legal name
- Ellsworth Advisors, LLC
- Headquarters
- 1764 Georgetown Road, Hudson, OH 44236
- Website
- ellsworthadvisors.com
- Phone
- 234-200-0703
- @ellsworth-advisors
- SEC file
- 801-113634
- Founded
- 2018
- Structure
- Ohio LLC
- Fiscal year end
- December
Ellsworth Advisors uses Charles Schwab ($840M) as custodian for its separately managed accounts. Ellsworth Advisors has custody of $626M in client assets for 654 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $840M100%
At year end, Ellsworth Advisors’ separately managed accounts were mostly in stocks (51%) and bonds (24%). Its reported 13F holdings for the quarter ended 30 June 2026 total $609M across 182 positions; the largest are Harbor ETF Trust (3.4%), SPDR Gold TR (2.9%) and Nvidia Corporation (2.7%).
What the accounts hold
- Stocks51%
- Funds14%
- Registered funds11%
- Pooled vehicles3%
- Bonds24%
- State and local bonds16%
- U.S. government and agency bonds7%
- Investment grade corporate bonds1%
- Cash11%
Reported 13F holdings
- $609M
- Reported 13F value
- 182
- Positions
- 23.6%
- In the 10 largest
- +14.3%
- Value vs. prior quarter
- Harbor ETF Trust · Comm All Wea ETF3.4%
- SPDR Gold TR · Gold Shs2.9%
- Nvidia Corporation2.7%
- Apple Inc.2.5%
- First TR Exchange-traded FD · First TR Enh New2.3%
- Dell Technologies Inc. · CL C2.0%
- Johnson & Johnson2.0%
- Broadcom Inc.2.0%
- Advanced Micro Devices Inc.2.0%
- Alphabet Inc. · Cap Stk CL C1.9%
Together, the ten largest are 23.6% of reported value.
How many clients does Ellsworth Advisors have?
Ellsworth Advisors has 860 clients and manages $1.41 billion for them, as of February 2026. They include 641 individual clients, 212 high-net-worth individuals, and 7 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 February 2026
What services does Ellsworth Advisors offer?
Ellsworth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, business succession planning, education planning, 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 Ellsworth Advisors charge?
Ellsworth Advisors charges up to 1.00% a year for its Individual Wealth Management Services. The fee is billed in arrears and is negotiable.
Source: ADV PART 2A (FIRM BROCHURE) FOR ACCOUNTS HELD AT CHARLES SCHWAB 2026-02, filed 23 February 2026
Which custodians does Ellsworth Advisors use?
Ellsworth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $840M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 February 2026
How many financial advisors does Ellsworth Advisors have?
Ellsworth Advisors has 11 investment adviser representatives registered with state securities authorities, out of 16 employees, and 11 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 4 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 Ellsworth Advisors invest in?
At the end of its last fiscal year, Ellsworth Advisors’ separately managed accounts held 51% exchange-traded equities, 16% state and local bonds, 11% registered funds (mutual funds, ETFs, BDCs), 11% cash and equivalents, 7% U.S. government and agency bonds, 3% pooled vehicles (private funds and similar) and 1% investment grade corporate bonds. It advises 9 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Ellsworth Advisors?
Ellsworth Advisors is owned through a holding company by Matthew Kaulig. Its direct owner is Ellsworth Advisors Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 23 February 2026
How does Ellsworth Advisors get paid?
Ellsworth 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
Is Ellsworth Advisors registered with the SEC?
Yes, Ellsworth Advisors has been registered with the SEC as an investment adviser since 19 July 2018. Its CRD number is 297464 and its SEC file number is 801-113634.
Source: Form ADV Part 1A, Item 1, filed 23 February 2026; IAPD firm record
How do I contact Ellsworth Advisors?
Ellsworth Advisors’ main office is at 1764 Georgetown Road, Hudson, OH 44236. Its phone number is 234-200-0703. Its website is ellsworthadvisors.com.