Aspiriant, LLC (Los Angeles)


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.

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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.