Sensible Portfolios provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 26–50 clients last fiscal year.
Sensible Portfolios reports 173 clients. They include 102 high-net-worth individuals and 71 individual clients. Of its assets, 100.0% ($195M across 305 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 41% | 11% |
| High-net-worth individuals | 59% | 89% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 71 | $21M | 10.8% | $296K |
| High-net-worth individuals | 102 | $174M | 89.2% | $1.7M |
| Total | 173 | $195M | 100% | $1.13M |
- Clients
- 71
- Regulatory AUM
- $21M
- AUM share
- 10.8%
- Avg. per client
- $296K
- Clients
- 102
- Regulatory AUM
- $174M
- AUM share
- 89.2%
- Avg. per client
- $1.7M
Total
- Clients
- 173
- Regulatory AUM
- $195M
- AUM share
- 100%
- Avg. per client
- $1.13M
- 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
- 26–50
Sensible Portfolios charges 0.10%–0.70% a year for its Investment Management Fees.
Fee details and sources
Darrell Armuth owns 75% or more of Sensible Portfolios. It has 2 employees.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Sensible Portfolios, LLC
Darrell Armuth
Control person · since April 1994
- Owns 25% to 50% of Sensible Portfolios, LLC
Lena Armuth
since February 2022
Sensible Portfolios’ regulatory assets grew from $156M (May 2024) to $195M (March 2026); clients rose from 154 to 173 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $195M | 173 | 2 | 1 |
| Apr 2025April 2025 | $168M | 159 | 2 | 1 |
| May 2024May 2024 | $156M | 154 | 2 | 1 |
Besides its headquarters, Sensible Portfolios has 0 offices, with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- Sensible Portfolios, LLC
- Headquarters
- Not reported
- Website
- sensibleportfolios.com
- Phone
- 775-323-1488
- SEC file
- 801-130214
- Structure
- Nevada LLC
- Fiscal year end
- December
Sensible Portfolios’ named custodians for separately managed accounts are Charles Schwab ($169M, 87%) and Altruist ($25M, 13%). Sensible Portfolios has custody of $1.7M for 2 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $169M87%
- AltruistAltruist · Culver City, CA · $25M13%
At year end, Sensible Portfolios’ separately managed accounts were mostly in funds (60%) and stocks (33%).
What the accounts hold
- Stocks33%
- Funds60%
- Bonds5%
- Cash2%
How many clients does Sensible Portfolios have?
Sensible Portfolios has 173 clients and manages $195 million for them, as of March 2026. They include 102 high-net-worth individuals and 71 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Sensible Portfolios offer?
Sensible Portfolios 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
How much does Sensible Portfolios charge?
Sensible Portfolios charges 0.10%–0.70% a year for its Investment Management Fees.
Which custodians does Sensible Portfolios use?
Sensible Portfolios’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $169M and Altruist (Culver City, CA), with $25M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Sensible Portfolios have?
Sensible Portfolios has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 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 Sensible Portfolios invest in?
At the end of its last fiscal year, Sensible Portfolios’ separately managed accounts held 60% registered funds (mutual funds, ETFs, BDCs), 33% exchange-traded equities, 5% U.S. government and agency bonds and 2% 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 Sensible Portfolios?
Sensible Portfolios’ direct owners are Darrell Armuth (75% or more) and Lena Armuth (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Sensible Portfolios get paid?
Sensible Portfolios 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 Sensible Portfolios?
Its phone number is 775-323-1488. Its website is sensibleportfolios.com.