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RIA comparison · SEC Form ADV

Foundations Investment Advisors LLC vs Ashton Thomas Private Wealth

Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.

The short answer

Foundations Investment Advisors LLC is the larger of the two, with $10B in regulatory assets to $6.0B at Ashton Thomas Private Wealth, 68% more than its rival, by their latest Form ADV filings. Foundations Investment Advisors LLC reports more individual clients (29,615 vs 3,181), while Ashton Thomas Private Wealth’s clients hold more on average (about $1.8 million each against $340,000). Both are based in Arizona: Foundations Investment Advisors LLC in Phoenix and Ashton Thomas Private Wealth in Scottsdale.

FigureFoundations Investment Advisors LLCAshton Thomas Private Wealth
Regulatory AUM$10B$6.0B
National rank#97#174
HeadquartersPhoenix, ArizonaScottsdale, Arizona
Individual clients29,6153,181
High-net-worth clients6,0471,198
Average client assets$340,000$1.8 million
Accounts63,6047,879
Discretionary100% of AUM100% of AUM
Employees35393
Advisory staff28963
Clients per advisory employee10250
Offices8626
Form ADV filed2026-09-232026-08-24

Foundations Investment Advisors LLC

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Selecting other advisers
  • Educational seminars and workshops

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees

Ashton Thomas Private Wealth

Full profile →

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

Questions

Which is bigger, Foundations Investment Advisors LLC or Ashton Thomas Private Wealth?

Foundations Investment Advisors LLC, with $10B in regulatory assets under management against $6.0B at Ashton Thomas Private Wealth. Nationally they rank #97 and #174 among 5,657 independent wealth management RIAs.

How many clients do Foundations Investment Advisors LLC and Ashton Thomas Private Wealth have?

Foundations Investment Advisors LLC reports 29,615 individual clients (6,047 high-net-worth) with 289 advisory employees; Ashton Thomas Private Wealth reports 3,181 (1,198 high-net-worth) with 63 advisory employees.

How do Foundations Investment Advisors LLC and Ashton Thomas Private Wealth charge clients?

Only Foundations Investment Advisors LLC lists fixed fees on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do Foundations Investment Advisors LLC and Ashton Thomas Private Wealth offer?

Foundations Investment Advisors LLC lists educational seminars and workshops, which Ashton Thomas Private Wealth does not. Ashton Thomas Private Wealth lists portfolio management for businesses and institutions; pension consulting; other services, which Foundations Investment Advisors LLC does not. Both offer financial planning; portfolio management for individuals and small businesses; selecting other advisers.

More comparisons

Where these numbers come from

Every figure is the firm’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). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.

Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: Foundations Investment Advisors LLC ↗, Ashton Thomas Private Wealth ↗. How to check a financial advisor →