Aspiriant

SEC-registered investment adviser in Los Angeles, CaliforniaRegistered since 2008

Figures as filed with the SEC on 21 August 2026. Checked against the SEC's public record on 17 September 2026.

Aspiriant, LLC is a Los Angeles-based, SEC-registered investment adviser reporting $18.05B in regulatory assets in its August 2026 Form ADV. Its brochure lists 0.20% to 0.85% a year; $14,000 minimum annual fee in advisory fees.

$18.05B

Regulatory AUM

2,357

Advisory clients

105

Advisory staff

of 218 employees

Branch offices

Assets and clients#

Client type	Clients	Regulatory AUM	Share	Avg. per client
Individuals (other than HNW)	627	$259,007,000	1.4%	$413K
High-net-worth individuals	1,683	$16,601,436,000	92.0%	$9.86M
Investment companies	3	$149,276,000	0.8%	$49.8M
Pension and profit-sharing plans	2	$4,198,000	0.0%	$2.10M
Charitable organizations	13	$322,963,000	1.8%	$24.8M
Corporations and other businesses	29	$712,417,000	3.9%	$24.6M
Total	2,357	$18,049,297,000	100%	$7.66M

Individuals (other than HNW)627

Regulatory AUM: $259,007,000
Share: 1.4%
Avg. per client: $413K

High-net-worth individuals1,683

Regulatory AUM: $16,601,436,000
Share: 92.0%
Avg. per client: $9.86M

Investment companies3

Regulatory AUM: $149,276,000
Share: 0.8%
Avg. per client: $49.8M

Pension and profit-sharing plans2

Regulatory AUM: $4,198,000
Share: 0.0%
Avg. per client: $2.10M

Charitable organizations13

Regulatory AUM: $322,963,000
Share: 1.8%
Avg. per client: $24.8M

Corporations and other businesses29

Regulatory AUM: $712,417,000
Share: 3.9%
Avg. per client: $24.6M

Total2,357

Individuals 1%High-net-worth individuals 92%Investment companies 1%Charitable organizations 2%Corporations and other businesses 4%

Discretion

Discretionary: $14,673,042,000 across 8,276 accounts (81.3% of AUM)
Non-discretionary: $3,376,255,000 across 3,897 accounts (18.7%)
Non-U.S. clients: 0% of clients
Non-AUM advisory clients: 24 clients received advice without assets under management last fiscal year

Form ADV Part 1A, Items 5.D and 5.F. Fiscal year ends December; amendment filed 21 August 2026. View Item 5 in the filing

Reported holdings#

$4.05B

Reported 13F value

400

Positions

64.2%

In the 10 largest

+15.4%

Value vs. prior quarter

Largest positions	Value	Share
ISHARES TRCORE S&P500 ETF	$644,543,630	15.9%
VANGUARD INDEX FDSSM CP VAL ETF	$424,153,469	10.5%
ISHARES TRCORE S&P US VLU	$405,961,903	10.0%
ISHARES INCMSCI GBL MIN VOL	$292,499,041	7.2%
VANGUARD SPECIALIZED FUNDSDIV APP ETF	$225,993,808	5.6%

ISHARES TRCORE S&P500 ETF$644,543,630

Share: 15.9%

VANGUARD INDEX FDSSM CP VAL ETF$424,153,469

Share: 10.5%

ISHARES TRCORE S&P US VLU$405,961,903

Share: 10.0%

ISHARES INCMSCI GBL MIN VOL$292,499,041

Share: 7.2%

VANGUARD SPECIALIZED FUNDSDIV APP ETF$225,993,808

Share: 5.6%

All 200 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 20 July 2026

Form 13F lists long positions in exchange-traded securities over which the filer had investment discretion, valued at quarter end. It excludes cash, bonds held outside 13(f) securities, private funds, and assets the firm does not have discretion over, so the $4.05B reported here is not the firm's $18.05B in regulatory assets, and no client's portfolio looks like this table.

Form 13F-HR for the quarter ended 30 June 2026, filed 20 July 2026. View the filing on EDGAR

Fees#

Service	How it is charged	Stated range
Investment management for high-net-worth clients	Percentage of portfolio value	0.20% to 0.85% a year; $14,000 minimum annual fee
Emerging wealth investment management	Percentage of portfolio value plus annual wealth-planning retainer; the minimum investment-management fee is waived for the first 48 months for new emerging-wealth clients	0.20% to 0.85% a year; $14,000 minimum annual fee and $2,500 annual retainer
Rising generation investment management	Percentage of portfolio value	0.20% to 0.85% a year; no minimum annual fee
Investment management for professional fiduciaries	Annual percentage of portfolio value	0.50% to 0.85% a year
Wealth planning and family-office services	Retainers depend on the services and engagement; some clients pay hourly or project fees	Typically $5,000 to $50,000; may be substantially higher

Investment management for high-net-worth clients0.20% to 0.85% a year; $14,000 minimum annual fee

How it is charged: Percentage of portfolio value

Emerging wealth investment management0.20% to 0.85% a year; $14,000 minimum annual fee and $2,500 annual retainer

How it is charged: Percentage of portfolio value plus annual wealth-planning retainer; the minimum investment-management fee is waived for the first 48 months for new emerging-wealth clients

Rising generation investment management0.20% to 0.85% a year; no minimum annual fee

How it is charged: Percentage of portfolio value

Investment management for professional fiduciaries0.50% to 0.85% a year

How it is charged: Annual percentage of portfolio value

Wealth planning and family-office servicesTypically $5,000 to $50,000; may be substantially higher

How it is charged: Retainers depend on the services and engagement; some clients pay hourly or project fees

Fee schedule and account minimum

Item 5 of Aspiriant’s August 2026 brochure states the standard high-net-worth fee schedule ranges from 0.85% to 0.20% of portfolio value annually with a $14,000 minimum annual fee. It states different schedules for emerging wealth, rising generation, and professional fiduciary clients.

Portfolio minimum

Item 7 states that Aspiriant has no absolute investment-portfolio or account minimum. It typically serves investment-management clients with portfolios of $1.5 million or more.

Form ADV Part 2A brochure, Item 5, dated 21 August 2026. View Item 5 in the brochure

Custodians#

Custodian	Location	SMA assets held	Share
Charles Schwab & Co., Inc.	San Francisco, CA	$15,891,934,000	88.0%
All other custodians	—	$2,157,363,000	12.0%

Charles Schwab & Co., Inc.$15,891,934,000

Location: San Francisco, CA
Share: 88.0%

All other custodians$2,157,363,000

Location: —
Share: 12.0%

Custody of client assets

Aspiriant reports custody of $901,740,000 for 180 clients in Item 9 of its Form ADV.

Schedule D, Section 5.K.(3) lists every custodian holding 10% or more of separately managed account assets. View Section 5.K.(3) in the filing

Leadership and ownership#

Name	Title	CRD
Robert Joseph Francais	Chief Executive Officer, Board of Directors	4604851
John David Allen	Chief Investment Officer	4051640
Summer Ann Hammons	Chief People Officer	6949757
Sandra Leigh Bragar	Chief Client Officer	4533687
Ryan Paul Benson	Board of Directors	6718865
Lynne Born	Chief Practice Officer	7236641
Shanda Susan Gentry	Chief Compliance Officer	2183318
Michael Christopher Lavalle	General Counsel	7713697
Marc Castellani	Board of Directors - Chair	2937879
Alec Manoukian	Chief Technology Officer	7893759
Young S Kim	Chief Client Service Operations Officer	5306274
Helen Ann Dietz	Board of Directors	1268071
Andrew Putterman	Independent Board of Director	3122891
Jeanette Lee Gorgas	Independent Board of Director	2822174
Gavin Paul Neil	Board of Directors	6163690

Robert Joseph Francais4604851

Title: Chief Executive Officer, Board of Directors

John David Allen4051640

Title: Chief Investment Officer

Summer Ann Hammons6949757

Title: Chief People Officer

Sandra Leigh Bragar4533687

Title: Chief Client Officer

Ryan Paul Benson6718865

Title: Board of Directors

Lynne Born7236641

Title: Chief Practice Officer

Shanda Susan Gentry2183318

Title: Chief Compliance Officer

Michael Christopher Lavalle7713697

Title: General Counsel

Marc Castellani2937879

Title: Board of Directors - Chair

Alec Manoukian7893759

Title: Chief Technology Officer

Young S Kim5306274

Title: Chief Client Service Operations Officer

Helen Ann Dietz1268071

Title: Board of Directors

Andrew Putterman3122891

Title: Independent Board of Director

Jeanette Lee Gorgas2822174

Title: Independent Board of Director

Gavin Paul Neil6163690

Title: Board of Directors

Ownership chain

Direct owners: Schedule A reports Aspiriant Holdings, LLC in the 50% to 75% band and Aspiriant Holdings S2, LLC in the 25% to 50% band. Schedule A also reports Aspiriant Holdings S5, LLC in the 5% to 10% band.
Indirect ownership of Aspiriant Holdings S5: Schedule B reports Helen Ann Dietz in the 50% to 75% ownership band in Aspiriant Holdings S5, LLC.

Schedules A and B. Ownership percentages are the SEC's reporting bands, not exact figures. View Schedule A in the filing

Offices and registrations#

Branch offices: 74 reported to IAPD; Part 1A lists 10 office addresses in at least 6 states
SEC registration: Approved 8 April 2008, file number 801-68987
State notice filings: 38 jurisdictions, most recently Delaware, 3 January 2025
Advisory staff: 105 of 218 employees perform advisory functions; 0 are also broker-dealer registered representatives and 0 are licensed insurance agents
Promoters: 0 outside firms or persons solicit clients on the firm's behalf

Offices by state

California5
Minnesota1
New York1
Ohio1
Texas1
Wisconsin1

Other business names

Aspiriant has reported 1 other business names to the SEC in Item 1.B. Its brochure states that advisory services are provided by Aspiriant, LLC in every case, and that some names are used by its advisors for marketing.

Kochis Fitz/Quintile LLC

Headquartered at 11100 Santa Monica Blvd, Suite 500, Los Angeles, CA 90025. Organized as a Delaware limited liability company. The brochure dates the firm's founding to 2008. View Section 1.F in the filing

Other business and affiliations#

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Form ADV Part 1A, Items 6 and 7, and Schedule D. View Item 6 in the filing

Common questions#

What regulatory assets does Aspiriant report?

Aspiriant reports $18,049,297,000 in total regulatory assets under management in Item 5.F of its August 2026 Form ADV.

Source: Form ADV Part 1A, Item 5.F

What fee range does Aspiriant state for high-net-worth clients?

Aspiriant’s August 2026 brochure states a standard annual investment-management fee range of 0.85% to 0.20% of portfolio value, with a $14,000 minimum annual fee, for high-net-worth clients, families, their entities, and retirement plans.

Source: Part 2A brochure, Item 5

Where is Aspiriant based?

Form ADV Item 1.F reports its principal office at 11100 Santa Monica Blvd, Suite 500, Los Angeles, CA 90025.

Source: Form ADV Part 1A, Item 1.F

Which custodians does Aspiriant report?

Schedule D Section 5.K.(3) lists Charles Schwab & Co., Inc. with $15,891,934,000 in separately managed-account assets. These are custodians reported under that section, not a complete list of every custody arrangement.

Source: Form ADV Part 1A, Schedule D Section 5.K.(3)

How many offices does Aspiriant report?

IAPD reports 74 branch offices. The reviewed Form ADV provides 10 public office addresses including headquarters; redacted addresses are excluded from the state breakdown.

Source: IAPD firm record; Form ADV Part 1A, Item 1.F and Schedule D

Answered from the filings above.

Firm	Headquarters	Regulatory AUM	Advisory staff	Clients
Comprehensive Financial ManagementCRD 159641	Los Gatos, CA	$18.52B	15	30
Mission WealthCRD 113057	Santa Barbara, CA	$17.00B	135	5,341
FartherCRD 302050	San Francisco, CA	$16.01B	252	14,965
AlphaCore CapitalCRD 174346	La Jolla, CA	$12.96B	70	4,036

Sources

Form ADV Part 1A, amendment filed 21 August 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
Form ADV Part 2A brochure, dated 21 August 2026. Items 4, 5, 7, 12 and 15.
IAPD firm record, CRD 146720, compiled 22 August 2026.

Retrieved 17 September 2026. All three are published by the SEC and may have been amended since. The logo is reproduced for identification from Aspiriant, website.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Simple Money is not affiliated with Aspiriant, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.