Wealth manager, independent · Scottsdale, AZ
Ashton Thomas Private Wealth
Ashton Thomas Private Wealth, LLC · SEC-registered investment adviser · CRD 153902 · SEC 801-71512
At a glance
Ashton Thomas Private Wealth is an SEC-registered investment adviser based in Scottsdale, Arizona, with $6.0B in regulatory assets under management as of its Form ADV filed August 24, 2026. It reports 3,181 individual clients, 1,198 of them high-net-worth, holding an average of about $1.8 million each, and 93 employees. That ranks it 174th among the nation’s 5,657 independent wealth management RIAs and 2nd of 125 in Arizona. It reports 4 custodians for its clients’ separately managed accounts: BNY Pershing, Charles Schwab, Fidelity and Goldman Sachs.
Main office 602-732-4745ashtonthomaspw.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $6.0B
- Rank among independent wealth managers
- #174 of 5,657
- Rank among all SEC RIAs
- #1,858 of 17,210
- Rank in Arizona
- #2 of 125
- Individual clients
- 3,181
- High-net-worth clients
- 1,198
- Accounts
- 7,879
- Discretionary
- 100% of AUM
- Employees
- 93
- Advisory staff
- 63
- Offices
- 26
Owners and executives on its Form ADV
- Aaron P. BrodtCEO
- Heidi M. BrodtBusiness Manager
- Cynthia-Elaine L. SchlangerChief Compliance Officer
- Drinan J. GorneyChief Administrative Officer and General Counsel
- Zbynek KozelskyChief Operations Officer
- Kevin KadingChief Financial Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Ashton Thomas Private Wealth is a hybrid RIA: 26 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Ashton Thomas Securities, LLC.
- Ashton Thomas Securities, LLC ↗CRD 16629
Its Form ADV brochure (filed March 2026) names Ashton Thomas Securities as the broker-dealer its advisers are registered with.
Certain investment adviser representatives ( “IARs”) of Ashton Thomas Private Wealth are also registered representatives of ATS and thus are dually registered.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,198 | $5.2B | 87% |
| Individuals | 1,983 | $642M | 11% |
| Corporations or other businesses | 36 | $109M | 2% |
| Charitable organizations | 11 | $40M | <1% |
| Pension and profit sharing plans | 1 | $1M | <1% |
Disciplinary disclosures
Ashton Thomas Private Wealth answers yes to 3 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
Form ADV and brochures on the SEC’s adviser search ↗ashtonthomaspw.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, ten years of filings
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- Rank against 688 peers of its type and size
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- 6 namedLocked
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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 Arizona
All of Arizona →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Foundations Investment Advisors LLCPhoenix | $10B | 29,615 |
| DynamicPhoenix | $5.6B | 5,509 |
| TCI Wealth Advisors, Inc.Tucson | $5.4B | 3,189 |
| TFO Family Office PartnersPhoenix | $5.0B | 245 |
| Stoker Ostler, A Part of BMO Financial GroupScottsdale | $3.7B | 1,579 |
| PFG AdvisorsPhoenix | $3.3B | 7,527 |
Compare Ashton Thomas Private Wealth with
- Ashton Thomas Private Wealth vs Foundations Investment Advisors LLC $10B · Phoenix, AZ
Background
Questions
How much does Ashton Thomas Private Wealth manage?
Ashton Thomas Private Wealth reports $6.0B in regulatory assets under management across 7,879 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 24, 2026.
How many clients does Ashton Thomas Private Wealth have?
It reports 3,181 individual clients: 1,198 high-net-worth individuals and 1,983 other individuals. Individuals account for about 98% of its regulatory assets.
Where is Ashton Thomas Private Wealth headquartered?
Its main office is in Scottsdale, Arizona. It reports 26 offices in total and 93 employees, 63 of whom perform investment advisory functions.
How does Ashton Thomas Private Wealth charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Ashton Thomas Private Wealth use?
It reports 4 custodians for its clients’ separately managed accounts: BNY Pershing, Charles Schwab, Fidelity and Goldman Sachs. On Schedule D of its Form ADV filed August 24, 2026, it reports these amounts held: BNY Pershing ($2.7B); Charles Schwab ($2.1B); Fidelity ($728M); Goldman Sachs ($549M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Ashton Thomas Private Wealth a hybrid RIA with a broker-dealer?
Ashton Thomas Private Wealth is a hybrid RIA: 26 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Ashton Thomas Securities, LLC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Ashton Thomas Private Wealth a fiduciary?
As an SEC-registered investment adviser, Ashton Thomas Private Wealth owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 26 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 Ashton Thomas Private Wealth’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 (2026-08-24), 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 →