{"url":"https://nivawealth.com/firms/sonnet-282882","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/282882","regulatoryAum":148431321,"crd":"282882","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6099091","suffix":null,"lastName":"CHILDS","firstName":"BENJAMIN","middleName":"JACOB"},{"crd":"5095396","suffix":null,"lastName":"FRUEH","firstName":"STEVEN","middleName":"DAVID"},{"crd":"2915016","suffix":"MR.","lastName":"KOEPP","firstName":"BRIAN","middleName":"PAUL"},{"crd":"6758726","suffix":null,"lastName":"SEAGO","firstName":"THOMAS","middleName":"WAYNE"}],"total":4,"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":"2025-07-01","regulatoryAum":117547409,"clients":260,"employees":4,"offices":2},{"filedOn":"2026-03-25","regulatoryAum":148431321,"clients":269,"employees":4,"offices":2}],"secFileNumber":"801-133807","legalName":"Sonnet, LLC","displayName":"Sonnet","slug":"sonnet-282882","website":"https://sonnetinvest.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"18935 I-45 North","city":"Spring","state":"TX","stateName":"Texas","country":"United States","postalCode":"77388"},"tradeNames":[],"registration":{"secApproved":"3 July 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":551789.2973977695,"staff":{"employees":4,"advisory":4,"brokerDealerReps":0,"insuranceAgents":1,"promoters":4},"aum":{"regulatory":148431321,"discretionary":138168848,"discretionaryAccounts":419,"nonDiscretionary":10262473,"nonDiscretionaryAccounts":65,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":269},"clientTypes":[{"label":"Individuals (other than HNW)","clients":227,"regulatoryAum":43673449},{"label":"High-net-worth individuals","clients":42,"regulatoryAum":104757872}],"feePrograms":[{"role":"main","program":"Asset Management Fee Schedule","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026271","versionId":1026271,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-25","documentName":"ADV PART 2A/B","fee_rate_low":null,"fee_rate_high":2.2,"fee_negotiable":true,"minimum_account":5000,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T15:22:47.769931+00:00","documents":[{"name":"ADV PART 2A/B","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026271","versionId":1026271,"submittedOn":"2026-03-25"}]},"custodians":[{"name":"Ameritas Investment Company, LLC","shortName":"Ameritas Investment","location":"Lincoln, NE","smaAssets":4515236},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":133653612}],"custodyNote":"Sonnet does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Benjamin Childs","title":"Managing Member","crd":"6099091"},{"name":"Steven Frueh","title":"CCO and Managing Member","crd":"5095396"},{"name":"Brian Koepp","title":"Managing Member","crd":"2915016"}],"ownership":[{"label":"Benjamin Childs","detail":"Managing member in the 25% to 50% ownership band and a control person, since December 2015."},{"label":"Steven Frueh","detail":"Cco and managing member in the 25% to 50% ownership band and a control person, since December 2015."},{"label":"Brian Koepp","detail":"Managing member in the 25% to 50% ownership band and a control person, since December 2015."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"18935 I-45 North","city":"Spring","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"281-404-4346","stateRegisteredReps":4,"otherAdviserReps":2,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":92},{"label":"Derivatives","percent":2},{"label":"Cash and cash equivalents","percent":6}],"privateFunds":0},"sources":{"adv1FilingDate":"25 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/282882/PDF/282882.pdf","brochureDate":"25 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026271","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 Sonnet have?","answer":"Sonnet has 269 clients and manages $148 million for them, as of March 2026. They include 227 individual clients and 42 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Sonnet offer?","answer":"Sonnet provides portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.","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 Sonnet charge?","answer":"Sonnet charges up to 2.20% a year for its Asset Management Fee Schedule. The fee is billed in advance, is negotiable and requires an account of at least $5,000.","source":"ADV PART 2A/B, filed 25 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Sonnet use?","answer":"Sonnet’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $134M and Ameritas Investment Company, LLC (Lincoln, NE), with $4.52M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Sonnet have?","answer":"Sonnet has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","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 Sonnet invest in?","answer":"At the end of its last fiscal year, Sonnet’s separately managed accounts held 92% exchange-traded equities, 6% cash and equivalents and 2% derivatives.","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":"Does Sonnet have a minimum investment?","answer":"Yes, Sonnet’s minimum account size for its Asset Management Fee Schedule is $5K.","source":"ADV PART 2A/B, filed 25 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Sonnet?","answer":"Sonnet’s direct owners are Benjamin Childs, Steven Frueh and Brian Koepp, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 25 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Sonnet get paid?","answer":"Sonnet 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Sonnet?","answer":"Sonnet’s main office is at 18935 I-45 North, Spring, TX 77388. Its phone number is 281-404-4346. Its website is sonnetinvest.com.","source":"Form ADV Part 1A, Item 1.F, filed 25 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."}