DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
Former SEC-registered adviser
Ashton Thomas Advisors LLC
Latest filing Jan 8, 2025
First filing on the tape Jun 3, 2024 · 5 filings
SEC status 120-day approval since Jul 3, 2024
RAUM
$0
reported, Item 5.F
Discretionary
n/a
of RAUM
Private clients
n/a
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
11
2 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$0 as of Jan 8, 2025
Jun 3, 2024$0 then
HNW client RAUM: no history
State-registered IARs (5.B.3)3 as of Jan 8, 2025
Jun 3, 20241 then
Employees (5.A)11 as of Jan 8, 2025
Jun 3, 20241 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Jan 8, 2025; every figure names its basis
- RAUM per advisor
- $0derivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- unknownderivedRAUM over accounts (5.F.2.f)
- Discretionary
- unknownderivedof RAUM
- Institutional
- unknownderivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.7derivedItem 5.A over advisors
- Advisors per office
- 0.8derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 0reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
- Richard Thomas Westhelle to Ashton Thomas Private WealthDec 31, 2024 · Other
Joined, latest
- Richard Thomas Westhelle from Advisors Capital Management, LLCAug 8, 2024 · RIA to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Erica Bloudek · Chief Operating Officercontrolsince 12/2024 · owns less than 5%
- Paul Aaron Brodt · Ceocontrolsince 12/2023 · owns less than 5%
- Jolen Peggy Garcia · Chief Compliance Officercontrolsince 05/2024 · owns less than 5%
- T. David Hatfield · Chief Technology Officercontrolsince 12/2024 · owns less than 5%
Entity owners
- Ashton Thomas Management, LLC · Managing Memberdirect · owns 75% or more
- Arax Business Trust · Memberindirect · owns 75% or more of Arax Investment Partners, LLC
- Arax Investment Partners, LLC · Memberindirect · owns 75% or more of Arax Midco, LLC
- Arax Midco, LLC · Memberindirect · owns 75% or more of Arax Wealth Management, LLC
- Arax Wealth Management, LLC · Memberindirect · owns 50% to 75% of Ashton Thomas Management, LLC
- Hana Holdings, LLC · Memberindirect · owns F of Ashton Thomas Management, LLC
- Redbird Capital Partners Fund IV Genpar LLC · Trusteeindirect · owns F of Arax Business Trust
- Wealthvision, LLC · Memberindirect · owns F of Ashton Thomas Management, LLC
Related persons
Schedule D 7.A
- Amplify Financial, LLCinvestment advisernRAUM $231M
- Ashton Thomas Insurance Agency, LLCinsurancereal estaten
- Ashton Thomas Private Wealthinvestment advisernRAUM $6.0B
- Ashton Thomas Securities, LLCbroker-dealerinvestment advisernRAUM $1.9B
Advisers that list Ashton Thomas Advisors LLC as a related person
- 153902 y
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Scottsdale, Az · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- New York, NY2 employees
- , 1 employees
What changed
consecutive filings, newest first
- Advisory employees · 1 to 2Jun 3, 2024 to Jul 29, 2024
- Employees · 1 to 11Jun 3, 2024 to Jul 29, 2024
- Insurance-licensed employees · 0 to 2Jun 3, 2024 to Jul 29, 2024
- State-registered IARs · 1 to 3Jun 3, 2024 to Jul 29, 2024
- Other offices · 0 to 3Jun 3, 2024 to Jul 29, 2024
Signals
4 dated events
- Ashton Thomas Advisors Llc no longer on the SEC adviser roster (last listed 2025-03-06)May 2, 2025 · Left the SEC roster · derived
- Cary Carbonaro no longer registered at Ashton Thomas Advisors Llc; no later IA registration on IAPDDec 31, 2024 · Advisor departure · fact
- Richard Thomas Westhelle left Ashton Thomas Advisors Llc for Ashton Thomas Private Wealth (registered 2024-08-08)Dec 31, 2024 · Advisor changed firm · fact
- Ashton Thomas Advisors Llc filed its initial SEC registration (Form ADV)Jun 3, 2024 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026