Ashton Thomas Private Wealth, Llc
SEC-registered
Wealth Manager · Mid-sized ($1B–$10B)
CRD 153902
· SEC file 801-71512
· Scottsdale, AZ
· TWITTER.COM
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $6.0B
- Discretionary
- $6.0B
- Clients
- 3,229
- Avg AUM / client
- $1.9M
- Accounts
- 7,879
- Employees
- 93
AUM over time
$132M
$6.0B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 1,983 | $642M | 10.7% |
| High net worth individuals | 1,198 | $5.2B | 86.8% |
| Pension and profit sharing plans | 1 | $817K | 0.01% |
| Charitable organizations | 11 | $39.9M | 0.66% |
| Corporations and other businesses | 36 | $109M | 1.82% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Enstall Us Inc. 401(k) Profit Sharing Plan Enstall Us, Inc. | 2024 | |
| Wenco Industries, Inc 401(k) Plan Wenco Industries, Inc. | 2024 | |
| Ars 401(k) And Profit Sharing Plan American Refrigeration Supplies, Inc. | 2024 |
People (101)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Aaron Brodt | Ceo | Mar 2010 (16y) | Less than 5% | |
| Brodt, Heidi, Maria | Business Manager | Jan 2013 (14y) | Less than 5% | |
| Garcia, Peggy, Jolen | Chief Compliance Officer | Dec 2014 (12y) | Less than 5% | |
| David T. Hatfield | Chief Technology Officer | Dec 2017 (9y) | Less than 5% | |
| Bloudek, Erica | Coo | Jan 2024 (3y) | Less than 5% | |
| John Clark Morzelewski | Registered representative | Jun 2011 (15y) | ||
| Ryan Michael Lovett | Registered representative | CFP | Mar 2013 (13y) | |
| Karen Wozniak Mcdade | Registered representative | CFP | Aug 2016 (10y) | |
| Lance Taylor Knight | Registered representative | Jul 2018 (8y) | ||
| Justin Limmer | Registered representative | Oct 2018 (8y) | ||
| Howard Eugene Cox | Registered representative | Aug 2019 (7y) | ||
| John Bratton Dubose | Registered representative | CFP | Oct 2019 (7y) | |
| Rebecca Jean Dammann | Registered representative | CFP | Oct 2019 (7y) | |
| Kodi Alexander Thruston | Registered representative | Oct 2019 (7y) | ||
| Wills F Marcello | Registered representative | Dec 2019 (7y) | ||
| Kerry Clifford Severn | Registered representative | CFP | Jan 2020 (7y) | |
| Jason Michael Buchanan | Registered representative | CFP | Jun 2020 (6y) | |
| Richard A Garber | Registered representative | Oct 2020 (6y) | ||
| Michael Justin Porter | Registered representative | Apr 2021 (5y) | ||
| Katherine Ann Johnson | Registered representative | May 2021 (5y) | ||
| Martin James Lewis | Registered representative | Nov 2021 (5y) | ||
| Michael Jason Wong | Registered representative | Personal Financial Specialist CFA | Nov 2021 (5y) | |
| Scott Michael Knutson | Registered representative | Nov 2021 (5y) | ||
| Richard Bruce Pyle | Registered representative | Chartered Financial Consultant | Feb 2022 (4y) | |
| Deanna Tierney | Registered representative | Aug 2022 (4y) | ||
| Garett Lyle Folkers | Registered representative | Nov 2022 (4y) | ||
| Kristine Dawn Lantz | Registered representative | Dec 2022 (4y) | ||
| John Christopher Mccloskey | Registered representative | CFP | Feb 2023 (3y) | |
| Karl William Schwinck | Registered representative | Feb 2023 (3y) | ||
| Nicholas Jose De La Vara | Registered representative | CFA | Mar 2023 (3y) | |
| Gaylord Brickwood Lyman | Registered representative | CFA | Apr 2023 (3y) | |
| Shawn Michael Porter | Registered representative | CFP | Aug 2023 (3y) | |
| Daniel Robert Meier | Registered representative | Sep 2023 (3y) | ||
| Daniel Eric Fontenot | Registered representative | Oct 2023 (3y) | ||
| April Cardoza | Registered representative | Nov 2023 (3y) | ||
| Cory Blaine Schauer | Registered representative | Jan 2024 (3y) | ||
| C Christopher Stafford | Registered representative | Jan 2024 (3y) | ||
| Angela Marie Johnson | Registered representative | Feb 2024 (2y) | ||
| Nicolaus David Barth Hansen | Registered representative | Feb 2024 (2y) | ||
| Daniel Stephen Bauers | Registered representative | Mar 2024 (2y) | ||
| Justine Kinaj | Registered representative | Mar 2024 (2y) | ||
| Theodore William Mcdonagh | Registered representative | Mar 2024 (2y) | ||
| Joshua Boyd May | Registered representative | Apr 2024 (2y) | ||
| Braden Seth Schaffner | Registered representative | May 2024 (2y) | ||
| Craig Campbell | Registered representative | May 2024 (2y) | ||
| Jesus Hirohito Yamaguchi Esquivel | Registered representative | May 2024 (2y) | ||
| Marcel Campos | Registered representative | May 2024 (2y) | ||
| Stefan Pereira Faria | Registered representative | CFP | May 2024 (2y) | |
| Steven L Spare | Registered representative | CFA | Jun 2024 (2y) | |
| Jamie Thomas Fisher | Registered representative | Jun 2024 (2y) | ||
| Jody Ann Swapp | Registered representative | Jun 2024 (2y) | ||
| Raeann Elizabeth Yarn | Registered representative | Jul 2024 (2y) | ||
| Richard Thomas Westhelle | Registered representative | CFP | Aug 2024 (2y) | |
| Cary Carbonaro | Registered representative | CFP | Aug 2024 (2y) | |
| Steven Scott Leland | Registered representative | CFP Chartered Financial Consultant | Aug 2024 (2y) | |
| Ross B Fronk | Registered representative | Nov 2024 (2y) | ||
| Justin Paniagua | Registered representative | Nov 2024 (2y) | ||
| Anastasia Pavlova | Registered representative | Jan 2025 (2y) | ||
| Caleb Dupree | Registered representative | Jan 2025 (2y) | ||
| Gregory Alan Weiss | Registered representative | Jan 2025 (2y) | ||
| John Peter Lauritano | Registered representative | Jan 2025 (2y) | ||
| Jonathan Y Smith | Registered representative | CFP | Jan 2025 (2y) | |
| Mark Francis Cavalier | Registered representative | Jan 2025 (2y) | ||
| Killian Marcel Gorman | Registered representative | Mar 2025 (1y) | ||
| Edward Hable | Registered representative | Apr 2025 (1y) | ||
| Rebecca Rae Mac Donald | Registered representative | Apr 2025 (1y) | ||
| Morgan Kelcee Amos | Registered representative | May 2025 (1y) | ||
| Stewart Driscoll Preziose | Registered representative | May 2025 (1y) | ||
| Lance Millar | Registered representative | CFP | May 2025 (1y) | |
| Alexander James Mc Bain | Registered representative | Jun 2025 (1y) | ||
| Jason Lee Gambaiani | Registered representative | Jun 2025 (1y) | ||
| Que Chi Bui Nguyen | Registered representative | Jun 2025 (1y) | ||
| Stephanie Mayann Wei | Registered representative | Jun 2025 (1y) | ||
| Benny Tran | Registered representative | Aug 2025 (1y) | ||
| Cristopher Jon Borden | Registered representative | Aug 2025 (1y) | ||
| Shannon Kathleen Mc Laughlin | Registered representative | Sep 2025 (1y) | ||
| Donald Lewis Hagan | Registered representative | CFA | Sep 2025 (1y) | |
| Natalie Gayle Brown | Registered representative | CFP | Sep 2025 (1y) | |
| Regan Scott Teague | Registered representative | CFP CFA | Sep 2025 (1y) | |
| Arthur Stuart Day | Registered representative | Oct 2025 (1y) | ||
| Tyler Wallace Hagan | Registered representative | Oct 2025 (1y) | ||
| Everett Jensen | Registered representative | Nov 2025 (1y) | ||
| Christopher A Quincy | Registered representative | Nov 2025 (1y) | ||
| James W Sumner | Registered representative | Jan 2026 (1y) | ||
| Brianna Rae Miller | Registered representative | Jan 2026 (1y) | ||
| Bilal Hisham Lulu | Registered representative | Jan 2026 (1y) | ||
| Collin Larry Rigler | Registered representative | Feb 2026 (0y) | ||
| Eric David Montijo | Registered representative | Feb 2026 (0y) | ||
| Rebecca Douglass | Registered representative | Feb 2026 (0y) | ||
| Brian Patrick Jack | Registered representative | Mar 2026 (0y) | ||
| Matthew Joseph Figueroa | Registered representative | Mar 2026 (0y) | ||
| Tyler Edward Soria | Registered representative | Mar 2026 (0y) | ||
| Charles Ronald Burns | Registered representative | Mar 2026 (0y) | ||
| Teresa Flores | Registered representative | Mar 2026 (0y) | ||
| Mourad Tossounian | Registered representative | Mar 2026 (0y) | ||
| Goda Stevens | Registered representative | Mar 2026 (0y) | ||
| Tyson Kim Murphy | Registered representative | Mar 2026 (0y) | ||
| Heather Lee Quinones | Registered representative | Apr 2026 (0y) | ||
| Katherine Jane Gillette | Registered representative | CFP | Apr 2026 (0y) | |
| Nadejda Mocan | Registered representative | May 2026 (0y) | ||
| Jennifer Lynne Beals | Registered representative | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ashton Thomas Management Llc | Member | Mar 2010 | A | 75% or more |
| Arax Midco, Llc | Member | Jun 2023 | B | ≈ 28.13% – 75% via Arax Wealth Management, Llc |
| Arax Investment Partners, Llc | Member | Jun 2023 | B | ≈ 21.09% – 75% via Arax Midco, Llc |
| Arax Business Trust | Member | Mar 2023 | B | ≈ 15.82% – 75% via Arax Investment Partners, Llc |
| Arax Wealth Management, Llc | Member | Aug 2023 | B | ≈ 37.5% – 75% via Ashton Thomas Management Llc |
| Redbird Capital Partners Fund Iv Genpar Llc | Trustee | Jan 2023 | B | GP / trustee / elected manager of Arax Business Trust (indirect) |
| Hana Holdings, Llc | Member | Sep 2017 | B | GP / trustee / elected manager of Ashton Thomas Management Llc (indirect) |
| Wealthvision, Llc | Member | Sep 2017 | B | GP / trustee / elected manager of Ashton Thomas Management Llc (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Arax Midco, Llc: 75% – 100% of Arax Wealth Management, Llc × 50% – 75% of Ashton Thomas Management Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Arax Investment Partners, Llc: 75% – 100% of Arax Midco, Llc × 75% – 100% of Arax Wealth Management, Llc × 50% – 75% of Ashton Thomas Management Llc × 75% – 100% direct ≈ 21.09% – 75% of the firm
- Arax Business Trust: 75% – 100% of Arax Investment Partners, Llc × 75% – 100% of Arax Midco, Llc × 75% – 100% of Arax Wealth Management, Llc × 50% – 75% of Ashton Thomas Management Llc × 75% – 100% direct ≈ 15.82% – 75% of the firm
- Arax Wealth Management, Llc: 50% – 75% of Ashton Thomas Management Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (3)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Enstall Us Inc. 401(k) Profit Sharing Plan | Enstall Us, Inc. | 231 | $23.7M | 01/01/2024 |
| Wenco Industries, Inc 401(k) Plan | Wenco Industries, Inc. | 151 | $2.5M | 01/01/2024 |
| Ars 401(k) And Profit Sharing Plan | American Refrigeration Supplies, Inc. | 235 | $19.6M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.3 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- Pershing $2.7B (44% of AUM) Mar 2026
- Charles Schwab & Co. $2.1B (34% of AUM) Mar 2026
- National Financial Services (Fidelity) $728M (12% of AUM) Mar 2026
- Goldman Sachs $549M (9% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗