Ascendant Financial Solutions, Inc. (Flagstaff)

Name: Ascendant Financial Solutions, Inc.
Address: 809 W. Riordan, Flagstaff, AZ, 86001
Telephone: 928-774-9598

Ascendant Financial Solutions, Inc. is a large advisory firm based in Flagstaff. It manages $171.37 million of regulatory assets for 556 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, Colorado, and Texas.

Ascendant Financial Solutions provides financial planning services, portfolio management for individuals and small businesses, 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.

Ascendant Financial Solutions: assets under management

The assets under management (AUM) of Ascendant Financial Solutions, Inc. is $171.37 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 298% since the beginning of its operation, and $833.6 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $171.37 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $308.22 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is exchange traded securities, which make up 1% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ascendant Financial Solutions, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ascendant Financial Solutions serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Ascendant Financial Solutions is individuals with 259 clients and $105.29 million of assets under management. Among the 9 most similar advisory firms, Ascendant Financial Solutions has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $171.37 million for 322 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Ascendant Financial Solutions doesn't advise any private funds.

Careers at Ascendant Financial Solutions, Inc.

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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
James Douglass Hoyt	President, chief compliance officer	1 Nov 1996	75% - 100%	2264252

Based in Flagstaff

The principal office where Ascendant Financial Solutions, Inc. performs its advisory services is located at 809 W. Riordan, Flagstaff, AZ 86001, which is also the mailing address of the firm. An additional office of the firm is in Mesa, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 928-774-9598 or by fax 928-774-1203. The normal business hours are 7:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at ascendant-financial.com.