Wealth manager, independent · Dallas, TX
Ascentis Independent Advisors, LLC
SEC-registered investment adviser · CRD 322879 · SEC 801-126441
At a glance
Ascentis Independent Advisors, LLC is an SEC-registered investment adviser based in Dallas, Texas, with $2.1B in regulatory assets under management as of its Form ADV filed July 13, 2026. It reports 2,690 individual clients, 610 of them high-net-worth, holding an average of about $0.7 million each, and 43 employees. That ranks it 529th among the nation’s 5,657 independent wealth management RIAs and 29th of 367 in Texas. It reports 2 custodians for its clients’ separately managed accounts: Raymond James and Charles Schwab.
Main office 866-273-1563ascentisadvisors.comAs filed on Form ADV
- Regulatory AUM
- $2.1B
- Rank among independent wealth managers
- #529 of 5,657
- Rank among all SEC RIAs
- #3,530 of 17,210
- Rank in Texas
- #29 of 367
- Individual clients
- 2,690
- High-net-worth clients
- 610
- Accounts
- 7,464
- Discretionary
- 94% of AUM
- Employees
- 43
- Advisory staff
- 39
- Offices
- 29
Owners and executives on its Form ADV
- Patrick M. CatoneDirector
- John E. NahasCEO
- Matthew M. ReynoldsChief Compliance Officer
- Catherine G. BaileyDirector
Custody and brokerage
Broker-dealer
Hybrid RIA
Ascentis Independent Advisors, LLC is a hybrid RIA: 4 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed April 2026) names LPL Financial and Purshe Kaplan Sterling Investments as the broker-dealer its advisers are registered with.
BLE SECURITIES SALES Certain representatives of our firm are also registered representatives are registered representatives of other broker/dealers, including LPL Financial LLC (“LPL”) and Purshe Kaplan & Sterling (PKS), member FINRA/SIPC.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 610 | $1.5B | 70% |
| Individuals | 2,080 | $511M | 24% |
| Corporations or other businesses | 71 | $91M | 4% |
| Pension and profit sharing plans | 44 | $13M | <1% |
| Charitable organizations | 9 | $4M | <1% |
| Investment companies | 1 | $0M | <1% |
Disciplinary disclosures
Ascentis Independent Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗ascentisadvisors.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 3 years of filings
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- Growth over one, three and five years
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Texas
All of Texas →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Beaird HarrisDallas | $2.3B | 793 |
| Sather Financial Group, Inc.Victoria | $2.3B | 448 |
| Root Financial PartnersAustin | $2.1B | 852 |
| Adell Harriman & CarpenterHouston | $2.1B | 764 |
| Inscription Capital, LLCHouston | $2.0B | 414 |
| Corda Investment Management, LLCHouston | $2.0B | 1,359 |
Background
Questions
How much does Ascentis Independent Advisors, LLC manage?
Ascentis Independent Advisors, LLC reports $2.1B in regulatory assets under management across 7,464 accounts, 94% of it on a discretionary basis, on its Form ADV filed July 13, 2026.
How many clients does Ascentis Independent Advisors, LLC have?
It reports 2,690 individual clients: 610 high-net-worth individuals and 2,080 other individuals. Individuals account for about 95% of its regulatory assets.
Where is Ascentis Independent Advisors, LLC headquartered?
Its main office is in Dallas, Texas. It reports 29 offices in total and 43 employees, 39 of whom perform investment advisory functions.
How does Ascentis Independent Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Ascentis Independent Advisors, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Raymond James and Charles Schwab. On Schedule D of its Form ADV filed July 13, 2026, it reports these amounts held: Raymond James ($457M); Charles Schwab ($375M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Ascentis Independent Advisors, LLC a hybrid RIA with a broker-dealer?
Ascentis Independent Advisors, LLC is a hybrid RIA: 4 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Ascentis Independent Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Ascentis Independent Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 4 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Ascentis Independent Advisors, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-13), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →