Wealth manager, independent · Virginia Beach, VA
The Ascent Group, LLC
SEC-registered investment adviser · CRD 314424 · SEC 801-121182
At a glance
The Ascent Group, LLC is an SEC-registered investment adviser based in Virginia Beach, Virginia, with $4.8B in regulatory assets under management as of its Form ADV filed March 30, 2026. It reports 4,177 individual clients, 874 of them high-net-worth, holding an average of about $0.8 million each, and 44 employees. That ranks it 238th among the nation’s 5,657 independent wealth management RIAs and 5th of 151 in Virginia. It reports 3 custodians for its clients’ separately managed accounts: Fidelity, Charles Schwab and Assetmark Trust.
Main office 757-499-8300As filed on Form ADV
- Regulatory AUM
- $4.8B
- Rank among independent wealth managers
- #238 of 5,657
- Rank among all SEC RIAs
- #2,172 of 17,210
- Rank in Virginia
- #5 of 151
- Individual clients
- 4,177
- High-net-worth clients
- 874
- Accounts
- 8,449
- Discretionary
- 100% of AUM
- Employees
- 44
- Advisory staff
- 19
- Offices
- 7
Owners and executives on its Form ADV
- Jeffrey M. SilvermanManaging Partner
- Michael J. MossPresident of Wealth Services
- Lyndsay R. KimChief Compliance Officer
- Holly KnightRetirement Plan Services Practice Leader
Custody and brokerage
Broker-dealer
Hybrid RIA
The Ascent Group, LLC is a hybrid RIA: 18 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Alera Securities LLC.
- Alera Securities LLC ↗CRD 335132
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, March 2026
Its Form ADV brochure (filed March 2026) names Osaic Wealth as the broker-dealer its advisers are registered with.
Under this arrangement, the Firm’s Supervised Persons, in their individual capacities as registered representatives of Osaic Wealth, Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 874 | $2.6B | 54% |
| Individuals | 3,303 | $944M | 20% |
| Pension and profit sharing plans | 65 | $933M | 20% |
| Corporations or other businesses | 34 | $175M | 4% |
| Charitable organizations | 16 | $115M | 2% |
Disciplinary disclosures
The Ascent Group, 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
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗
AtlasMembers
The full record on The Ascent Group, LLC
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, 4 years of filings
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- Growth over one, three and five years
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- Rank against 849 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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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 Virginia
All of Virginia →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Cassaday & Company, Inc.McLean | $7.1B | 3,142 |
| AndersenMcLean | $6.3B | 550 |
| Heritage Wealth AdvisorsRichmond | $4.9B | 384 |
| Spire Wealth Management, LLCMcLean | $4.5B | 6,151 |
| Wealthcare Capital Management LLCRichmond | $3.9B | 5,638 |
| The Burney CompanyReston | $3.6B | 1,880 |
Background
Questions
How much does The Ascent Group, LLC manage?
The Ascent Group, LLC reports $4.8B in regulatory assets under management across 8,449 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
How many clients does The Ascent Group, LLC have?
It reports 4,177 individual clients: 874 high-net-worth individuals and 3,303 other individuals. Individuals account for about 74% of its regulatory assets.
Where is The Ascent Group, LLC headquartered?
Its main office is in Virginia Beach, Virginia. It reports 7 offices in total and 44 employees, 19 of whom perform investment advisory functions.
How does The Ascent Group, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does The Ascent Group, LLC use?
It reports 3 custodians for its clients’ separately managed accounts: Fidelity, Charles Schwab and Assetmark Trust. On Schedule D of its Form ADV filed March 30, 2026, it reports these amounts held: Fidelity ($1.5B); Charles Schwab ($1.3B); Assetmark Trust ($1.0B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is The Ascent Group, LLC a hybrid RIA with a broker-dealer?
The Ascent Group, LLC is a hybrid RIA: 18 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Alera Securities LLC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is The Ascent Group, LLC a fiduciary?
As an SEC-registered investment adviser, The Ascent Group, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 18 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 The Ascent Group, 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 (2026-03-30), 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 →