The Ascent Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, and educational seminars. Financial planning was provided to 2,000 clients last fiscal year.
The Ascent Group reports 4,292 clients. They include 3,303 individual clients, 874 high-net-worth individuals, and 65 pension and profit-sharing plans. Of its assets, 99.8% ($4.75B across 8,291 accounts) are managed with discretion; $9.91M across 158 accounts are not. It advised 6 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 77% | 20% |
| High-net-worth individuals | 20% | 54% |
| Pension and profit-sharing plans | 2% | 20% |
| Charitable organizations | <1% | 2% |
| Corporations and other businesses | <1% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 3,303 | $944M | 19.8% | $286K |
| High-net-worth individuals | 874 | $2.59B | 54.5% | $2.97M |
| Pension and profit-sharing plans | 65 | $933M | 19.6% | $14.4M |
| Charitable organizations | 16 | $115M | 2.4% | $7.21M |
| Corporations and other businesses | 34 | $175M | 3.7% | $5.14M |
| Total | 4,292 | $4.76B | 100% | $1.11M |
- Clients
- 3,303
- Regulatory AUM
- $944M
- AUM share
- 19.8%
- Avg. per client
- $286K
- Clients
- 874
- Regulatory AUM
- $2.59B
- AUM share
- 54.5%
- Avg. per client
- $2.97M
- Clients
- 65
- Regulatory AUM
- $933M
- AUM share
- 19.6%
- Avg. per client
- $14.4M
- Clients
- 16
- Regulatory AUM
- $115M
- AUM share
- 2.4%
- Avg. per client
- $7.21M
- Clients
- 34
- Regulatory AUM
- $175M
- AUM share
- 3.7%
- Avg. per client
- $5.14M
Total
- Clients
- 4,292
- Regulatory AUM
- $4.76B
- AUM share
- 100%
- Avg. per client
- $1.11M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 6
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 2000
The Ascent Group charges up to 1.75% a year for its Investment Management Fees. 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 Planning and Consulting
- Stand-alone financial planning and consulting is charged a negotiable fixed fee of $250 to $25,000, or an hourly fee of $150 to $500, depending on scope and the professional providing it.
Alera Group Inc owns 75% or more of The Ascent Group. The leadership team of The Ascent Group includes President Michael Moss and Chief Compliance Officer Lyndsay Kim. It has 44 employees, 19 of them in advisory roles.
Staff
- 44 employees
- 19 in advisory functions
- 19 state-registered reps
- 18 broker-dealer reps
- 12 insurance agents
- Owns 75% or more of The Ascent Group, LLC
Alera Group Inc
Control person · since December 2022
- Owns 75% or more of The Ascent Group, LLC
Alera Group Holdings, Inc.
Control person · since December 2016
- Owns 75% or more of Alera Group Holdings, Inc.
Alera Group Ultimate Holdings, LLC
Control person · since June 2021
- Owns 25% to 50% of Alera Group Ultimate Holdings, LLC
Genstar X Alera Group Holdings, LLC
Control person · since September 2021
The Ascent Group’s regulatory assets grew Infinity× from $0 (July 2021) to $4.76B (March 2026); employees rose from 27 to 44.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $4.76B | 4,292 | 44 | 7 |
| Jun 2025June 2025 | $4.93B | 3,703 | 25 | 7 |
| Jul 2024July 2024 | $2.88B | 1,978 | 23 | 7 |
| May 2023May 2023 | $2.53B | 2,608 | 30 | 10 |
| Mar 2022March 2022 | $2.52B | 2,079 | 30 | 10 |
| Jul 2021July 2021 | $0 | 0 | 27 | 4 |
Besides its headquarters, The Ascent Group has 6 offices (1 private residence, listed without an address), with 6 listed addresses across 4 states.
Pennsylvania · 3 listed addresses
- 119 W Wayne Ave, Wayne
- 480 Pennbrook Parkway, Landsdale
- 1403 Oak Circle, Landsdale
New Jersey · 1 listed address
- 35 Kings Highway East, Haddonfield
South Carolina · 1 listed address
- 1000 Main Street, Hilton Head
Virginia · 1 listed address
- 192 Ballard Court, Suite 400, Virginia BeachHQ
Other business names
The Ascent Group has reported 9 other business names to the SEC.
- Acito & Paolini
- Alera Group Retirement Plan Services
- Alera Group Wealth Services
- Finwell Connect
- One Stop Financial Services
- Summit Group 401k Consulting
- Summit Group of Virginia
- Vested Advisors
- Walsh & Nicholson
Contact and registration details
- Legal name
- The Ascent Group, LLC
- Headquarters
- 192 Ballard Court, Suite 400, Virginia Beach, VA 23462
- Website
- Not reported
- Phone
- 757-499-8300
- SEC file
- 801-121182
- Structure
- Delaware LLC
- Fiscal year end
- December
The Ascent Group’s named custodians for separately managed accounts are Fidelity ($1.48B, 39%), Charles Schwab ($1.27B, 34%) and Assetmark Trust ($1B, 27%). The Ascent Group has custody of $4.85M for 14 clients.
- Assetmark TrustAssetmark Trust · Phoenix, AZ · $1B27%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.27B34%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $1.48B39%
At year end, The Ascent Group’s separately managed accounts were largely in stocks (46%) and funds (46%). Its reported 13F holdings for the quarter ended 30 June 2026 total $3.34B across 808 positions; the largest are SPDR Series Trust (6.5%), iShares TR (3.0%) and Apple Inc. (2.5%).
What the accounts hold
- Stocks46%
- Funds46%
- Registered funds45%
- Pooled vehicles1%
- Bonds6%
- State and local bonds3%
- Investment grade corporate bonds3%
- Cash3%
How many clients does The Ascent Group have?
The Ascent Group has 4,292 clients and manages $4.76 billion for them, as of March 2026. They include 3,303 individual clients, 874 high-net-worth individuals, and 65 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does The Ascent Group offer?
The Ascent Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does The Ascent Group charge?
The Ascent Group charges up to 1.75% a year for its Investment Management Fees. The fee is billed in arrears and is negotiable.
Source: DISCLOSURE BROCHURE FOR THE ASCENT GROUP, LLC, filed 30 March 2026
Which custodians does The Ascent Group use?
The Ascent Group’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $1.48B, Charles Schwab & Co., Inc. (San Francisco, CA), with $1.27B and Assetmark Trust (Phoenix, AZ), with $1B. 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 The Ascent Group have?
The Ascent Group has 19 investment adviser representatives registered with state securities authorities, out of 44 employees, and 19 perform investment advisory functions. 18 employees are registered representatives of a broker-dealer and 12 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 The Ascent Group invest in?
At the end of its last fiscal year, The Ascent Group’s separately managed accounts held 46% exchange-traded equities, 45% registered funds (mutual funds, ETFs, BDCs), 3% state and local bonds, 3% investment grade corporate bonds, 3% cash and equivalents and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns The Ascent Group?
The Ascent Group is owned through a chain of holding companies by Genstar X Alera Group Holdings, LLC. Its direct owners are Alera Group Inc (75% or more) and Alera Group Holdings, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does The Ascent Group get paid?
The Ascent Group is paid through a percentage of assets under management, hourly charges 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 The Ascent Group?
The Ascent Group’s main office is at 192 Ballard Court, Suite 400, Virginia Beach, VA 23462. Its phone number is 757-499-8300.