Its Asset Management Lp
- Regulatory AUM
- $298M
- Discretionary
- $298M
- Clients
- 598
- Avg AUM / client
- $498K
- Accounts
- 918
- Employees
- 9
AUM over time
Annual snapshots from Form ADV filings · as of Jun 09, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 566 | $92.1M | 30.9% |
| High net worth individuals | 20 | $155M | 51.9% |
| Pension and profit sharing plans | Fewer than 5 clients | $10.5M | 3.53% |
| Charitable organizations | Fewer than 5 clients | $15.2M | 5.09% |
| State or municipal government entities | Fewer than 5 clients | $419K | 0.14% |
| Corporations and other businesses | 12 | $25.0M | 8.4% |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Jon William Erdner | Cio | Aug 1976 (50y) | Less than 5% | |
| Elfenbein, Lonny, Scott | Chief Compliance Officer | Jul 2023 (3y) | Less than 5% | |
| William Frederick Wadsworth | Registered representative | Nov 2021 (5y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Wadsworth Family, Llc | Owner And Limited Partner | Jul 2020 | A | 75% or more |
| Wadsworth Financial Group Inc. | General Partner | Aug 2022 | A | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/09/2026 | 944 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Axos Clearing $122M (41% of AUM) Jun 2026
- Fidelity Brokerage Services $91.1M (31% of AUM) Jun 2026
- Millennium Capital Llc $81.5M (30% of AUM) Nov 2024
- Millennium Trust Company, Llc $70.8M (21% of AUM) Jan 2023
- Constellation Trust Company $11.0M (10% of AUM) Dec 2021
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 09, 2026.
View current Form ADV (SEC/IAPD) ↗