Ascende Wealth Advisers, Inc. (Houston)


Ascende Wealth Advisers, Inc. is a large advisory firm based in Houston. It manages $3.62 billion of regulatory assets for 65 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Florida, Georgia, and 10 other states.

Ascende Wealth Advisers provides portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, educational seminars and workshops, and asset allocation for small defined benefit plans into mutual funds and etf.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ascende Wealth Advisers: assets under management

The assets under management (AUM) of Ascende Wealth Advisers, Inc. is $3.62 billion. The firm's AUM has grown by 103% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $74.03 million in discretionary accounts and $3.55 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.23 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $63.4 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ascende Wealth Advisers, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Indirect Owners

The SEC currently registers 12 indirect owners.

Name Entity Date acquired Ownership Employer ID
Llc Edgewood Partners Holdings Owner 1 Jul 2007 75% - 100% 14-2001340
Redwood Acquisition Owner 1 Jul 2007 50% - 75% 14-2001340
James D Watt Owner 1 Oct 2010 50% - 75% 5886119
James Douglas Watt Owner 1 Oct 2010 50% - 75% 5886119
John Christopher Redett Director 1 Feb 2016 Other 2354558
John Hahn Director 1 Feb 2016 Other 6632388
Jeff Mccart Director 1 Feb 2016 Other 6632389
Kshitij Dwivedi Director 1 Feb 2016 Other 4975863
Bryan Corbett Director 1 Feb 2016 Other 6632390
James Burr Director 1 Feb 2016 25% - 50% 6632799
Llc Edgewood Partners Holdings Owner 1 Feb 2016 75% - 100% 14-2001340
Redwood Acquisition Owner 1 Feb 2016 50% - 75% 14-2001340

Based in Houston

The principal office where Ascende Wealth Advisers, Inc. performs its advisory services is located at 2700 Post Oak Boulevard, Houston, TX 77056, which is also the mailing address of the firm. An additional office of the firm is in Gainsville, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-629-9666 or by fax 713-629-8666. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at ascende.com.