{"url":"https://nivawealth.com/firms/sensible-portfolios-121045","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/121045","regulatoryAum":194674073,"crd":"121045","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2437012","suffix":null,"lastName":"ARMUTH","firstName":"DARRELL","middleName":null},{"crd":"7463240","suffix":null,"lastName":"Armuth","firstName":"Lena","middleName":"Josephine"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2024-05-31","regulatoryAum":156451513,"clients":154,"employees":2,"offices":1},{"filedOn":"2025-04-18","regulatoryAum":167543925,"clients":159,"employees":2,"offices":1},{"filedOn":"2026-03-30","regulatoryAum":194674073,"clients":173,"employees":2,"offices":1}],"secFileNumber":"801-130214","legalName":"Sensible Portfolios, LLC","displayName":"Sensible Portfolios","slug":"sensible-portfolios-121045","website":"https://sensibleportfolios.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Nevada limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"5 June 2024","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1125283.6589595375,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":194674073,"discretionary":194674073,"discretionaryAccounts":305,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":71,"regulatoryAum":20993738},{"label":"High-net-worth individuals","clients":102,"regulatoryAum":173680335}],"feePrograms":[{"role":"main","program":"Investment Management Fees","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034117","versionId":1034117,"ratePeriod":"annual","fee_billing":null,"submittedOn":"2026-03-30","documentName":"FORM ADV PART 2A & B","fee_rate_low":0.1,"fee_rate_high":0.7,"fee_negotiable":null,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:34:10.182841+00:00","documents":[{"name":"FORM ADV PART 2A & B","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034117","versionId":1034117,"submittedOn":"2026-03-30"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":169431216},{"name":"Altruist","shortName":"Altruist","location":"Culver City, CA","smaAssets":25002389}],"custodyNote":"Sensible Portfolios has custody of $1.7M for 2 clients.","otherCustodians":[],"leadership":[{"name":"Lena Armuth","title":"Owner","crd":"7463240"},{"name":"Darrell Armuth","title":"CCO","crd":"2437012"}],"ownership":[{"label":"Darrell Armuth","detail":"Cco in the 75% or more ownership band and a control person, since April 1994."},{"label":"Lena Armuth","detail":"Owner in the 25% to 50% ownership band, since February 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"775-323-1488","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"26-50","assetMix":[{"label":"Exchange-traded equity securities","percent":33},{"label":"U.S. government/agency bonds","percent":5},{"label":"Securities issued by registered investment companies or business development companies","percent":60},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/121045/PDF/121045.pdf","brochureDate":"30 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034117","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Sensible Portfolios have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Sensible Portfolios offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Sensible Portfolios charge?","answer":"Sensible Portfolios charges 0.10%–0.70% a year for its Investment Management Fees.","source":"FORM ADV PART 2A & B, filed 30 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Sensible Portfolios use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Sensible Portfolios have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Sensible Portfolios invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Sensible Portfolios?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Sensible Portfolios get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Sensible Portfolios?","answer":"Its phone number is 775-323-1488. Its website is sensibleportfolios.com.","source":"Form ADV Part 1A, Item 1.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}