Sapere Wealth Management, Llc
- Regulatory AUM
- $605M
- Discretionary
- $605M
- Clients
- 240
- Avg AUM / client
- $2.5M
- Accounts
- 240
- Employees
- 7
AUM over time
Annual snapshots from Form ADV filings · as of Mar 13, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 78 | $47.6M | 7.88% |
| High net worth individuals | 149 | $528M | 87.3% |
| Pension and profit sharing plans | 4 | $15.1M | 2.5% |
| Charitable organizations | 6 | $13.3M | 2.2% |
| Corporations and other businesses | 3 | $656K | 0.11% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $78.2M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Sapere .690 Gold Fund Qp, Lp | Hedge Fund | Delaware | $46.7M | 93 |
| Sapere .690 Gold Fund, Lp | Hedge Fund | Delaware | $20.0M | 66 |
| Sapere Credit Opportunities Qualified Fund, Lp master | Hedge Fund | Delaware | $4.6M | 17 |
| Sapere Credit Opportunities Offshore Fund, Ltd | Hedge Fund | Cayman Islands | $2.9M | 58 |
| Sapere Credit Opportunities Fund, Lp | Hedge Fund | Delaware | $2.9M | 44 |
| Sapere Credit Opportunities Offshore Qualified Fund, Ltd feeder | Hedge Fund | Cayman Islands | $1.1M | 8 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Interchange Group, Inc. 401(k) Plan Interchange Group, Inc. | 2024 |
People (10)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Scott Patrick Trease | Managing Member | Feb 2002 (25y) | 75% or more | |
| Matthew William Spear | Co Chief Operating Officer | CFP | Jun 2002 (24y) | Less than 5% |
| Trease, Lisa, Marie | Member | Aug 2010 (16y) | 25% – 50% | |
| Borrelli, Paul, Francis | Chief Operating Officer; Chief Compliance Officer | Jan 2011 (16y) | Less than 5% | |
| Carlton Elmer Dixon | Registered representative | Chartered Financial Consultant | Jan 2005 (22y) | |
| Kathleen M Focht | Registered representative | Mar 2005 (21y) | ||
| Jeffrey Howell Burton | Registered representative | Mar 2009 (17y) | ||
| Louise Cobb Hopkins | Registered representative | Dec 2009 (17y) | ||
| Kevin Ashton Wells | Registered representative | Nov 2012 (14y) | ||
| Joseph M Brooks | Registered representative | CFP | May 2024 (2y) |
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.
Private funds (6, $78.2M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Sapere .690 Gold Fund Qp, Lp | Hedge Fund | $46.7M | $100K | 93 |
| Sapere .690 Gold Fund, Lp | Hedge Fund | $20.0M | $100K | 66 |
| Sapere Credit Opportunities Qualified Fund, Lp | Hedge Fund | $4.6M | $1.0M | 17 |
| Sapere Credit Opportunities Offshore Fund, Ltd | Hedge Fund | $2.9M | $1.0M | 58 |
| Sapere Credit Opportunities Fund, Lp | Hedge Fund | $2.9M | $1.0M | 44 |
| Sapere Credit Opportunities Offshore Qualified Fund, Ltd | Hedge Fund | $1.1M | $1.0M | 8 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Interchange Group, Inc. 401(k) Plan | Interchange Group, Inc. | 381 | $9.8M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/13/2026 | 2.36 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: BREACH OF FIDUCIARY DUTY IN VIOLATION OF SECTION 206(2) OF THE ADVISERS ACT Status: Final Summary: ON APRIL 26, 2023, SAPERE AND MR. TREASE REACHED A SETTLEMENT AGREEMENT WITH THE SEC, WHICH REPRESENTS THE CONCLUSION OF AN INVESTIGATION CONDUCTED BY THE SEC. THE SETTLEMENT WAS FINALIZED THROUGH AN ORDER BY THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF NORTH CAROLINA AFTER REVIEW OF THE SEC'S COMPLAINT AND MOTION FOR ENTRY OF FINAL JUDGMENT, BASED UPON THE SIGNED CONSENTS OF SAPERE AND MR. TREASE. BOTH SAPERE AND MR. TREASE, WITHOUT ADMITTING OR DENYING THE ALLEGATION OF BREACH OF FIDUCIARY DUTY IN THE COMPLAINT, CONSENTED TO ENTRY OF A FINAL JUDGMENT PERMANENTLY RESTRAINING AND ENJOINING VIOLATION OF FIDUCIARY DUTY AND ORDERING COMPLIANCE WITH A CONDUCT BASED INJUNCTION. AS PART OF THE CONDITIONS OF THE SETTLEMENT, SAPERE IS SUBJECT TO AN INJUNCTION REQUIRING MORE EXTENSIVE THIRD PARTY DILIGENCE ON NON-TRADITIONAL UNREGISTERED ALTERNATIVE TRANSACTIONS.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
Custody
Reported custodians
- Fidelity Custody And Clearing Services $337M (100% of AUM) Jun 2023
- Axos Clearing $203M (34% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having 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: Mar 13, 2026.
View current Form ADV (SEC/IAPD) ↗