{
  "crd_number": 314424,
  "slug": "the-ascent-group-llc-virginia-beach-va-314424",
  "primary_business_name": "THE ASCENT GROUP, LLC",
  "legal_name": "THE ASCENT GROUP, LLC",
  "dbas": [
    "ACITO & PAOLINI",
    "ALERA GROUP RETIREMENT PLAN SERVICES",
    "ALERA GROUP WEALTH SERVICES",
    "FINWELL CONNECT",
    "ONE STOP FINANCIAL SERVICES",
    "SUMMIT GROUP 401K CONSULTING",
    "SUMMIT GROUP OF VIRGINIA",
    "VESTED ADVISORS",
    "WALSH & NICHOLSON"
  ],
  "city": "Virginia Beach",
  "state": "VA",
  "country": "United States",
  "cbsa_code": "47260",
  "metro": {
    "cbsa_code": "47260",
    "common_name": "Virginia Beach",
    "msa_name": "Virginia Beach-Chesapeake-Norfolk, VA-NC",
    "path": "/advisors/va/virginia-beach"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-05-10",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 4760597948.0,
  "raum_discretionary": 4750688012.0,
  "raum_non_discretionary": 9909936.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 44,
  "advisory_employees": 19,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 115323751.0,
      "count": 16
    },
    "individuals": {
      "raum": 943771382.0,
      "count": 3303
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 933097697.0,
      "count": 65
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 2593657703.0,
      "count": 874
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 174747415.0,
      "count": 34
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "AZ",
    "CA",
    "CO",
    "DE",
    "FL",
    "GA",
    "IL",
    "KY",
    "LA",
    "MA",
    "MD",
    "MI",
    "MN",
    "MS",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NV",
    "NY",
    "OH",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "WA",
    "WI"
  ],
  "websites": [
    "https://aleragroup.com/retirement-plan-services",
    "https://aleragroup.com/wealth-services",
    "https://summitfinwell.com",
    "https://summitgroup401k.com",
    "https://summitgroupva.com",
    "https://tagwm.com",
    "https://venrollment.com/v/alera-group-retirement-and-employee-benefits",
    "https://wnfg.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/314424",
  "city_as_filed": "VIRGINIA BEACH",
  "url": "https://advisorcensus.com/firm/the-ascent-group-llc-virginia-beach-va-314424",
  "display_name": "The Ascent Group, LLC",
  "summary": "The Ascent Group, LLC is an SEC-registered investment advisory firm in Virginia Beach, VA, registered since 2021, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. The Ascent Group, LLC (CRD 314424): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is The Ascent Group, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), The Ascent Group, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is The Ascent Group, LLC located?",
      "a": "The Ascent Group, LLC's principal office is in Virginia Beach, VA, according to its Form ADV; the April 2026 filing also lists 4 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is The Ascent Group, LLC registered with the SEC or a state?",
      "a": "The Ascent Group, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 314424."
    },
    {
      "q": "How much does The Ascent Group, LLC manage?",
      "a": "The Ascent Group, LLC reports $4,760,597,948 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have The Ascent Group, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for The Ascent Group, LLC: Regulatory assets under management: $2,246,908,290 in the October 2021 data and $4,760,597,948 in the October 2026 data, up 112%. Total employees: 27 in October 2021 and 44 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does The Ascent Group, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,303); high net worth individuals (874); pension and profit sharing plans (but not the plan participants or government pension plans) (65)."
    },
    {
      "q": "Which custodians does The Ascent Group, LLC use?",
      "a": "The Ascent Group, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Assetmark Trust, Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does The Ascent Group, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/314424"
    },
    {
      "q": "What changed in The Ascent Group, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Added the business name One Stop Financial Services. Added the business name Vested Advisors. Added the business name Finwell Connect. Added the business name Acito & Paolini. Employees performing advisory functions went from 4 to 19. Added an office in Landsdale, PA. No longer lists an office in Wayne, PA. Registered or notice-filed in AZ, CO, LA, MI."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2246908290.0,
      "total_employees": 27,
      "filing_date": "2021-08-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 2515790834.0,
      "total_employees": 30,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 2526906387.0,
      "total_employees": 30,
      "filing_date": "2023-08-22"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 2880025369.0,
      "total_employees": 23,
      "filing_date": "2024-08-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 4933296606.0,
      "total_employees": 25,
      "filing_date": "2025-06-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 4760597948.0,
      "total_employees": 44,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Added the business name One Stop Financial Services.",
        "Added the business name Vested Advisors.",
        "Added the business name Finwell Connect.",
        "Added the business name Acito & Paolini.",
        "Employees performing advisory functions went from 4 to 19.",
        "Added an office in Landsdale, PA.",
        "No longer lists an office in Wayne, PA.",
        "Registered or notice-filed in AZ, CO, LA, MI."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Assetmark Trust",
      "name_as_filed": "ASSETMARK TRUST",
      "affiliated": false
    },
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/the-ascent-group-llc-virginia-beach-va-314424.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 3303,
      "fewer_than_5": false,
      "raum": 943771382.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 874,
      "fewer_than_5": false,
      "raum": 2593657703.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 65,
      "fewer_than_5": false,
      "raum": 933097697.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 16,
      "fewer_than_5": false,
      "raum": 115323751.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 34,
      "fewer_than_5": false,
      "raum": 174747415.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/314424",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}