Ashworth Wealth, LLC (Salt Lake City)


Ashworth Wealth, LLC is a large advisory firm based in Salt Lake City. It manages $138.42 million of regulatory assets for 403 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Texas, and Utah.

Ashworth Wealth provides financial planning services, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ashworth Wealth: assets under management

The assets under management (AUM) of Ashworth Wealth, LLC is $138.42 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 13% of the firm’s portfolio. Investments in government bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ashworth Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ashworth Wealth serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Ashworth Wealth is high net worth individuals with 27 clients and $64.02 million of assets under management. Among the 10 most similar advisory firms, Ashworth Wealth has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $138.42 million for 228 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.

Ashworth Wealth doesn't advise any private funds.

Careers at Ashworth Wealth, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Todd Patrick Mcchesney Principal and chief compliance officer 1 Mar 2008 Other 2573818
Inc. Todd P. Mcchesney Financial Owner 1 Mar 2008 50% - 75% 35-2197360
Inc. Rst Consulting Owner 1 Mar 2008 50% - 75% 45-2064301
Todd Patrick Mcchesney Principal and chief compliance officer 1 Oct 2013 50% - 75% 2573818
Robert Scott Thomas Principal 1 Oct 2013 50% - 75% 2750158

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Robert Scott Thomas Owner 1 Mar 2008 75% - 100% 2750158

Based in Salt Lake City

The principal office where Ashworth Wealth, LLC performs its advisory services is located at 257 East 200 South, Salt Lake City, UT 84111, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-364-4400 or by fax 801-364-0275. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at ashworthwealth.com.