Aspiriant, LLC (Los Angeles)

Name: Aspiriant, LLC
Address: 11100 Santa Monica Blvd, Los Angeles, CA, 90025
Telephone: 310-806-4000

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.

Aspiriant: assets under management

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 firm manages $9.9 billion in discretionary accounts and $1.77 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.36 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.29 million.

Aspiriant has custody of $1.13 billion in cash and securities for 134 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in pooled investment vehicles form 8% of the total invested assets.

Fees & Commissions

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. 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.

What kind of clients Kenneth Jeffery Anderson serves?

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.

Careers at Aspiriant, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Aspiriant Holdings	Member	1 Jan 2008	25% - 50%	16-1634764
Llc Aspiriant Holdings S2	Managing member	1 Jan 2008	50% - 75%	94-3146372
Kenneth Jeffery Anderson	Director	1 Jan 2008	Other	2641740
Marc Sangree Primiani	General counsel	1 Jan 2008	Other	4604852
Karen Ruth Blodgett	Director	1 Jan 2008	Other	5321862
Aspiriant Holdings Corporation	Managing member	1 Jan 2008	50% - 75%	94-3146372
Robert Joseph Francais	Chief operating officer/director	1 Jan 2008	Other	4604851
Stephen Timothy Kochis	Chief executive officer	1 Jan 2008	Other	2293884
Jason Terrance Thomas	Chief investment officer	1 Jan 2008	Other	4262931
Michael Harris Kossman	Chief financial officer/chief compliance officer	1 Jan 2008	Other	4364790
Michael Putnam Fitzhugh	Chairman	1 Jan 2008	Other	2390541
Gregory Ryan Schick	Secretary	1 Jan 2008	Other	2796483
Brett Allen Gookin	Director	1 Jul 2008	Other	3148230
Robert Joseph Francais	Chief executive officer	1 Nov 2009	Other	4604851
Robert Marc Wagman	Chairman	1 Nov 2009	Other	2314441
Thomas Gregory Tracy	Chief client officer	1 Nov 2009	Other	4364788
Stephen Timothy Kochis	Chairman-elect	1 Nov 2009	Other	2293884
Kenneth Charles Gott	Chief planning officer	1 Nov 2009	Other	4364789
Stephen Timothy Kochis	Chairman	1 May 2010	Other	2293884
Michael Putnam Fitzhugh	Director	1 Nov 2010	Other	2390541
Gregory Ryan Schick	Director	1 Jul 2012	Other	2796483
Timothy Knott Reynolds	Director	1 Jul 2012	Other	374806
Michael Harris Kossman	Chief operating officer/chief compliance officer/director	1 Aug 2012	Other	4364790
Bret Magpiong	Chief financial officer	1 Aug 2012	Other	6166112
Michael B. Weissman	Director	1 May 2013	Other	4533034
Jennifer Dee Kenning	Director	1 May 2013	Other	5637909
John David Allen	Chief investment officer	1 Jan 2014	Other	4051640
Carl David Forster	Director	1 Jan 2015	Other	3005068
Llc Aspiriant Holdings S3	Member	1 Dec 2015	Other	33-0761375
Llc Aspiriant Holdings S4	Member	1 Mar 2016	Other	81-2010322
Mark Petrie	Director	1 May 2016	Other	2289565
Neil Charles Hokanson	Chairman of the board -director	1 May 2016	Other	720641
Lorraine Susan Fox	Director	1 May 2016	Other	3037280
Douglas Stanton Hendrickson	Chief financial officer	1 Jul 2016	Other	2962001
Aspiriant Holdings S5	Member	1 Feb 2017	Other	94-2749012
Llc Aspiriant Holdings S5	Member	1 Feb 2017	Other	94-2749012
Stanford Investment Group	Member	1 Feb 2017	Other	94-2749012
Karen Ruth Blodgett	Board of directors - chair	1 Jan 2019	Other	5321862
Paul John Nikolai	Director	1 Jan 2019	Other	2199387

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Helen Ann Dietz	Member	1 Feb 2017	50% - 75%	1268071

Based in Los Angeles

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.