Ashton Thomas Securities, Llc
SEC-registered
Insurance-Affiliated · Mid-sized ($1B–$10B)
CRD 16629
· SEC file 801-69225
· Rochester, NY
· www.youtube.com
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ADV data as of Jun 03, 2026
- Regulatory AUM
- $1.9B
- Discretionary
- $1.8B
- Clients
- 2,282
- Avg AUM / client
- $815K
- Accounts
- 2,282
- Employees
- 46
AUM over time
$104M
$1.9B
Dec 2011
Jun 2026
Annual snapshots from Form ADV filings · as of Jun 03, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 1,980 | $831M | 44.7% |
| High net worth individuals | 301 | $1.0B | 55.2% |
| Corporations and other businesses | 1 | $995K | 0.05% |
People (36)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Joseph Anthony Lanzisera | President, Chief Compliance Officer, Financial & Operations Principal | Nov 1997 (29y) | Less than 5% | |
| Terrence Patrick Britt | Vice President / Coo | May 2007 (19y) | Less than 5% | |
| Jennifer Lyn Lotta | Registered representative | CFP | Aug 2021 (5y) | |
| David Wesley Prull | Registered representative | Aug 2021 (5y) | ||
| Matthew Bruce Adler | Registered representative | Aug 2021 (5y) | ||
| Peter Daniel Sartori | Registered representative | Aug 2021 (5y) | ||
| Emil Joseph Bielecki | Registered representative | Sep 2021 (5y) | ||
| Justin Cole Cuvelier | Registered representative | Sep 2021 (5y) | ||
| Robert James Lee | Registered representative | Sep 2021 (5y) | ||
| Christine Lanzisera | Registered representative | Sep 2021 (5y) | ||
| Tami Ann Lanzisera | Registered representative | Sep 2021 (5y) | ||
| Phillip A Yargeau | Registered representative | Oct 2021 (5y) | ||
| Cory Blaine Schauer | Registered representative | Jan 2024 (3y) | ||
| C Christopher Stafford | Registered representative | Jan 2024 (3y) | ||
| Daniel Stephen Bauers | Registered representative | Mar 2024 (2y) | ||
| Justine Kinaj | Registered representative | Mar 2024 (2y) | ||
| Theodore William Mcdonagh | Registered representative | Mar 2024 (2y) | ||
| Gerald Haig Ariyan | Registered representative | Apr 2024 (2y) | ||
| Jamie Thomas Fisher | Registered representative | Jun 2024 (2y) | ||
| Jody Ann Swapp | Registered representative | Jun 2024 (2y) | ||
| Michael Patrick Davis | Registered representative | Jul 2024 (2y) | ||
| Josy Luis Reid Espinal | Registered representative | Sep 2024 (2y) | ||
| Randall Derrick Lee | Registered representative | Oct 2024 (2y) | ||
| Jennifer Lynne Beals | Registered representative | Oct 2024 (2y) | ||
| Aileen F De Froda | Registered representative | Oct 2024 (2y) | ||
| Ross B Fronk | Registered representative | Nov 2024 (2y) | ||
| Lorna Elizabeth Erb | Registered representative | Apr 2025 (1y) | ||
| Zbynek Kozelsky | Registered representative | Apr 2025 (1y) | ||
| Gregory Alan Weiss | Registered representative | Jan 2026 (1y) | ||
| Jonathan Y Smith | Registered representative | CFP | Jan 2026 (1y) | |
| Mark Francis Cavalier | Registered representative | Jan 2026 (1y) | ||
| Collin Larry Rigler | Registered representative | Feb 2026 (0y) | ||
| Eric David Montijo | Registered representative | Feb 2026 (0y) | ||
| Mourad Tossounian | Registered representative | Mar 2026 (0y) | ||
| Goda Stevens | Registered representative | Mar 2026 (0y) | ||
| Nadejda Mocan | Registered representative | May 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Explorer Investment Holdings, Llc | Member | Dec 2023 | A | 75% or more |
| Ashton Thomas Management, Llc | Member | Oct 2023 | B | ≈ 56.25% – 100% via Explorer Investment Holdings, Llc |
| Arax Wealth Management, Llc | Member | Aug 2023 | B | ≈ 42.19% – 100% via Ashton Thomas Management, Llc |
| Arax Midco, Llc | Member | Jun 2023 | B | ≈ 31.64% – 100% via Arax Wealth Management, Llc |
| Arax Investment Partners, Llc | Member | Jun 2023 | B | ≈ 23.73% – 100% via Arax Midco, Llc |
| Arax Business Trust | Member | Mar 2023 | B | ≈ 17.8% – 100% via Arax Investment Partners, Llc |
| Redbird Capital Partners Fund Iv Genpar Llc | Trustee | Jan 2023 | B | GP / trustee / elected manager of Arax Business Trust (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Ashton Thomas Management, Llc: 75% – 100% of Explorer Investment Holdings, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Arax Wealth Management, Llc: 75% – 100% of Ashton Thomas Management, Llc × 75% – 100% of Explorer Investment Holdings, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Arax Midco, Llc: 75% – 100% of Arax Wealth Management, Llc × 75% – 100% of Ashton Thomas Management, Llc × 75% – 100% of Explorer Investment Holdings, Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Arax Investment Partners, Llc: 75% – 100% of Arax Midco, Llc × 75% – 100% of Arax Wealth Management, Llc × 75% – 100% of Ashton Thomas Management, Llc × 75% – 100% of Explorer Investment Holdings, Llc × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Arax Business Trust: 75% – 100% of Arax Investment Partners, Llc × 75% – 100% of Arax Midco, Llc × 75% – 100% of Arax Wealth Management, Llc × 75% – 100% of Ashton Thomas Management, Llc × 75% – 100% of Explorer Investment Holdings, Llc × 75% – 100% direct ≈ 17.8% – 100% of the firm
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) | 06/03/2026 | 1.09 MB | 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
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Pension consulting services
Custody
Reported custodians
- Pershing $1.9B (100% of AUM) Jun 2026
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 03, 2026.
View current Form ADV (SEC/IAPD) ↗