Aspiriant, LLC is a large advisory firm based in Los Angeles. It manages $11.67 billion of regulatory assets for 8,669 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Colorado, and 28 other states.
Aspiriant provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and publication of newsletters. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Aspiriant, LLC is $11.67 billion. The firm's AUM has grown by 135% since the beginning of its operation, and $8.03 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Aspiriant, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Kenneth Jeffery Anderson is high net worth individuals with 1,223 clients and $10.17 billion of assets under management. Among the 9 most similar advisory firms, Aspiriant has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $11.67 billion for 1,769 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Aspiriant also advises several private funds. Namely, one real estate fund and one private equity fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.
The company employs 155 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 59 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Kenneth Jeffery Anderson has been acting as President since 1 Jan 2008. John David Allen has served as the Chief Investment Officer since 1 Jan 2014 and Robert Joseph Francais is the Chief Executive Officer of Aspiriant, LLC family office. Karen Ruth Blodgett joined the executive team most recently as the Board Of Directors Chair.
The principal office where Aspiriant, LLC performs its advisory services is located at 11100 Santa Monica Blvd, Los Angeles, CA 90025 The mailing address of the firm is 50 California Street, San Francisco, CA 94111. An additional office of the firm is in Milwaukee, WI. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 310-806-4000 or by fax 310-806-4080. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at aspiriant.com.